What Can a PEO Do For Your Cleaning Business?
Outsourcing payroll, insurances and HR issues makes sense because it's work that's not producing revenue - and takes time away from things that do. Using a PEO company for your cleaning company has lots of advantages and benefits. One of the biggest advantages is the time that businesses are able to save by outsourcing the headaches of payroll, HR management and more. A business can then focus their time on profit producing and expanding business opportunities.
More PEO Benefits Include:
- Workers’ Compensation
Pay-as-you-go workers' compensation insurance, with little to no money down and no annual audits at discounted rates.
- Payroll Administration
PEOs offer payroll services that generally include paper checks, direct deposit, and visa paycards. They can also assist with tax reporting and wage garnishments.
- Compliance Enforcement
Professional HR experts offer valuable assistance on compliance and employment-related issues that reduce liabilities.
- Better Medical Benefits
PEOs offer a range of life and health insurance as well as supplemental policies.
- Employee Assistance Programs (EAPs)
Some PEOs will offer EAPs to help with life/family needs.
How Much Does A PEO Service Cost?
Much less than in house costs as reported by the Small Business Administration. Employee leasing companies charge an average annual fee between 2% to 4% of payroll, well below the 9-13% estimate shown by the SBA. Imagine unloading the headaches of purchasing check stock and updating payroll programs yearly, while someone else manages the hassles of tax reporting, W2s, garnishments and more - delivering payroll right to your office. A weekly payroll of three thousand dollars can be done for less than a hundred dollars a week!
Cleaning Company PEO Workers' Compensation Advantages
For cleaning companies, workers' compensation insurance is often the most expensive part of running their business. That's why many employers are turning to a PEO program to lower premiums and costs. With a PEO's help in safety and risk management services which drive down their experience modification rate, cleaning companies can often save up to 40% off traditional policy rates.
Payroll services also provide an audit each period to ensure accuracy. Additional PEO Workers' Compensation Benefits Include:
- Partnerships with A rated carriers
- Risk management and safety programs
- OSHA/ DOL compliance
- Easy & timely certificates of insurance
- Partnerships with A rated carriers
- Improved cash flow with pay-as-you go plans
- Return to work programs
Save Time and Money with a PEO
The time savings alone is worth the costs, but in most cases you'll actually put money back into your cleaning business with a PEO provider. With a PEO's master work comp policy that provides huge savings, reduced rates on employee benefits and online payroll services for less than you could do on your own - it's worth looking into.
Plus, healthcare reform compliance laws have many commercial cleaning companies scrambling for affordable options. Some of the employee leasing Minimum Essential Coverage (MEC) plans available are both ACA compliant and affordable.
Why Work with ELQ to Find a PEO?
As the nation's leading PEO brokerage since 2001, ELQ is the easiest way to access the right company for your cleaning company. With so many choices, there may be only one that can deliver the benefits you need. We've done the research and vetting on hundreds of PEOs from across the country for 20 years!
If you're ready to experience the competitive edge that these programs can offer your cleaning business, we're here to help. We work with licensed and carefully vetted PEO companies from around the country. Our industry experience gives us the knowledge to access the best provider to help grow your business. Get a PEO quote today!
