PEO Overview
Started over 40 years ago now and still known as employee leasing - PEOs (Professional Employer Organizations) have been one of the fastest growing business trends the last 2 decades because they make good business sense. The opportunity to lower Texas work comp insurance rates, unload payroll management headaches and access big company employee benefit plans could have an enormous impact on your Ft. Worth business.
How Does A PEO Relationship Work?
PEOs allow business owners to cost-effectively outsource employment administrative work such as; payroll, tax reporting, employee benefits management, workplace safety and human resource needs. Unloading these time consuming burdens that bring zero income into your operations, provides more time to create ideas that produce growth for your business.
How Many Businesses Use A PEO?
Between 156,000 and 180,000 small and mid-size businesses currently utilize a PEO service, employing between 2.7 and 3.4 million people.
What's the Difference in PEOs?
Not all PEO companies are created equally. Each offers different services and benefits, they're licensed in different states and of course their pricing varies dramatically. Some service construction, manufacturing and skilled trades employers to reduce work comp insurance costs. Others specialize in HR, employee benefit offerings that medical groups, IT companies and country clubs can offer their employees.
Are Using the PEOs Employee Benefits A Requirement?
The answer is no with most PEOs. If you have benefits in place, many times we’ll compare those against the PEO company’s plans to ensure you’re getting the best deal. If you choose to keep your current benefits, the PEO can pre-tax deduct those through payroll each pay period.
Why Choose ELQ?
With hundreds of employee leasing, PEO and ASO services to consider - there may be only one that truly fits the needs of your Ft. Worth company. So, whether it's saving on Texas work comp rates, or improving your employee's benefits plans - we've done the vetting, so you don't have to.
Employee Leasing Quotes is the easiest way to access the right PEO program for your business. Since 2001, we've saved thousands of employers millions of dollars in taxes and insurance, so let's see how your business could benefit.
