What Are The Benefits of a PEO?
Reducing the heavy burden of California workers' comp insurance costs, while unloading employee administrative hassles are just two of the many benefits your Garden Grove business will enjoy through a PEO - aka employee leasing service. Professional Employer Organizations provide a number of great benefits including:
- Little to no money down, pay-as-you-go work comp insurance at up to 40% off state rates, with no audits.
- Reduced rates on group healthcare and other employee benefits plans. Access dental, vision, even 401(k) savings plans on a small business budget.
- Payroll services for less than you could do on your own! Outsourcing payroll shifts the headaches and liabilities to the PEO company.
- Professional HR services to stay current with wage and compliance issues. Create safety and company policy handbooks.
How Do PEO Arrangements Work?
When working with a PEO company, your business enters into a shared or often called, "co-employment relationship." The PEO becomes the administrative “employer of record" and is responsible for workers' compensation insurance, payroll administration, tax reporting, unemployment claims management and other HR related tasks.
You maintain control of the day-to-day activities of your employees, including hiring and termination, while the PEO service absorbs many employer-related liabilities.
How Much Do PEO Services Cost?
Average administrative costs range from 2-4% of your annual payroll. This average is well below the 8-15% estimate by the Small Business Administration, for employers who choose to manage these tasks in-house. Plus, PEOs provide all the check stock, offer free direct deposit, employee pay cards and so many other time saving services.
How We Help
As the nation's leading PEO brokerage since 2001, we'll give you the information and pricing to make an informed decision. We've done the vetting of hundreds of PEOs and HR outsourcing providers so you don't have to. Give us a call, ask questions and get answers from an independent resource. We'll can impact your Garden Grove business.
