How a PEO Can Help: Time Savings
You didn't start your business so you could spend hours every week on payroll and employee benefits paperwork. With a Professional Employer Organization (PEO) as your partner, you don't have to—a PEO handles all your HR-related administration, from payroll to employee benefits to workers' compensation.
It even manages tasks such as tracking vacation time and ensuring ADA compliance for you. This frees up valuable extra time and energy and lets you stay focused on what makes your business great.
PEOs Also Save You Money
When you work with a PEO, your employees technically have two employers: you and the PEO—this is why PEO arrangements are sometimes called “co-employment".
With a Professional Employer Organization, you remain in control of your team and retain sole responsibility for hiring, training, and supervising your people. However, their paychecks and benefits come through the PEO, which acts as their employer of record and thus absorbs much of the liability for employer-related matters. This saves you money in many ways:
- More affordable health insurance with increased coverage
- Convenient, affordable, pay-as-you-go plans for workers' comp insurance
When you use a PEO, your day-to-day relationship with your team remains unchanged—only without the time-consuming burden of HR administration. Because your PEO handles all your HR details from workers' comp to ADA compliance, it gives you and your business the extra time, funds, and labor hours you need to focus on your plans and gain a competitive edge.
Imagine how much more you could get done if you didn't have to worry about HR—then call us to find out how to give your business that extra advantage.
Why Choose ELQ?
If you're a small business owner, a Professional Employer Organization (PEO) can make your job a lot easier by handling all your HR responsibilities, such as payroll and workers' compensation insurance. But not all PEOs are created equal—ELQ can help you find the right PEO to partner with your business.
We Find the Right PEO in your Location
While some PEOs have the resources to serve companies nationwide, others offer benefits (such as health insurance plans) that may be a good fit in some communities but not others. PEOs also vary in how (or whether) they handle employees in multiple states. ELQ has the deep knowledge of the industry to match your business with the company best suited for your specific location or locations.
Industry- Specific PEOs are Important
PEOs vary in the types of industries they work with and the amount of risk they're willing to assume—not all offer workers' compensation plans appropriate for all businesses. And in certain competitive industries, employees may expect extra benefits such as group healthcare, supplemental benefits, and dental and vision insurance.
Unfortunately, only some- not all- PEOs provide these extras. ELQ finds a PEO that offers the right range of benefits to keep your business and your team safely covered.
Fees Can Add Up, and We Can Lower Them
PEOs typically charge an administrative rate between 2-4% of your annual payroll, but the details can vary. For instance, some PEOs impose charges for employee enrollment and new-employee processing, and some charge per check processed rather than charging a payroll-based percentage.
ELQ helps you find the PEO partner who can offer you the most value for your budget. Call us or fill out our quote request today, and start saving money and time!
