Small to mid-sized businesses want to attract top-notch employees. When larger companies offer competitive benefits, smaller businesses are often overlooked. A PEO can be a lifesaver, allowing smaller companies to offer health insurance, retirement packages, and other benefits that make them more attractive to potential and existing employees.
For many growing businesses, building a Human Resources department is a long-term goal, but it’s not part of their current business model. When you hire a PEO service, they become your HR department. You can outsource payroll, benefits, tax administration, and regulatory compliance.
With ever-changing tax laws and insurance regulations, there’s always something new for employers to learn. A PEO will take care of all the paperwork and provide regulatory assistance, overseeing the details and enabling you to focus on your core mission. You can rest easy knowing they will keep you in compliance with state and federal payroll laws and ACA insurance regulations.
Statistics show that small businesses who work with a PEO grow 7-9 percent faster than those who don’t. Their employee turnover rate is 10-14 percent lower, and they are 50 percent less likely to go out of business. PEO clients consistently increase productivity, improve profitability, and report higher rates of employee satisfaction.
Contact us today, and let’s put together a PEO service package that’s just right for your business!