It seems wherever I go, I see the television advertisements for bundling your home cable, phone and internet services. The benefits they provide are lower costs, one monthly invoice (instead of three) for everything and one point of contact for all your service questions. Makes sense to me- and certainly millions of others.
This simple concept of saving people time and money is what PEO services provide for business owners. Think about it- most employers either do their own payroll, use a payroll company, or utilize accounting services. They search out agents for:
- Workers' compensation
- General liability
- Employee benefits
- Other insurances
During the year they have questions regarding workers' compensation insurance, unemployment, and health insurance claims. They deal with the headaches of:
- Quarterly reports
- Wage garnishments
- Audits
- W-2s
- Other issues, including multiple bills to review
All with a number of people to play phone tag with.
When employers bundle these services with a Professional Employer Organization, they unload all the hassles of payroll administrative work, receive workers' compensation discounts not available through traditional carriers, and have access to big company employee benefit programs. Best of all, they have point of contact and receive one invoice on payday - for everything!
So if bundling makes sense at home, why not look into the benefits of PEO services for your business? As employers continue to struggle during these tough economic times, right now is the time to look at streamlining unproductive administrative work as well as saving on insurance costs.
You owe it to yourself and your business to look into the services of PEO services. When you're to see how these services could benefit your business - give us a call or send us a note. Our information is free and helpful.
