PEO Companies Save You Money
Let's say you're a small business with 20 employees. As you can imagine, you don't have the same advantages as a large company with 200 employees. Your employee related costs for workers' compensation and health insurance are much higher, along with the administrative costs of running your business - placing you at a competitive disadvantage.
When you, along with other business owners connect with a Professional Employer Organization, you immediately level the playing field, because now the PEO has a group of hundreds of employers with thousands of employees to leverage buying power for your insurance needs, dramatically cutting these costs.
You'll also avoid upfront deposits and fees on your workers' compensation insurance, (typically thousands of dollars) that traditional insurance companies charge, with a no money down pay-as-you go policy -
allowing you to keep more cash in your business. And, you'll avoid the childish games played by big insurance companies, with no annual audits and paperwork.
PEOs Save You Time
You started your business to sell a product or provide a service, and generate income doing what you're trained to do, what you love to do. But what kills the excitement and prevents growth is the time
and money wasted on work that doesn't produce a dime for your business.
Dealing with the headaches of payroll administrative work, keeping up with governmental compliance issues along with workers' compensation and health insurance tasks are a small portion of what costs employers roughly $5,000 a year per employee in time and paperwork.
Imagine the relief of unloading the responsibilities of:
- Annual payroll management
- Reporting accurate deposits
- Quarterly reports
A PEO company has a fully staffed team of payroll and human resource experts managing these issues daily for hundreds of employers, which means you'll pay a fraction of the costs that you would hiring full-time employees to manage these classic time wasters.
A PEO provider lets you focus on the things that really matter, by outsourcing the work that doesn't.
PEOs Provide Access to Great Benefits
A PEO provider gives you access to same benefits of large companies and many Fortune 500 corporations- like a host of group, health insurance plans, vision and dental insurance- even 401k and other savings vehicles at reduced rates.
Solutions for Employers
For over 30 years, business owners have relied on HR outsourcing and Professional Employer Organizations to drive down employee related costs. PEO services will change how you do business, giving you more productive time to generate income for your company-
doing what you do best!
Reach out to the experts at ELQ for the lowest rates and best customer service in the industry!
