Why Use A PEO Service?
A Professional Employer Organization (PEO), also known as an employee leasing company - allows businesses to outsource their human resource management responsibilities. PEOs deliver cost-effective payroll services, while offering master policy rates on Illinois workers' comp and health insurance. Outsourcing non revenue related tasks, provides more time to focus on business and employee growth. PEOs also offer expanded services like time and attendance, recruiting, employee training, performance management and more.
PEO Service Benefits.
PEOs keep you in compliance with complex federal, state and local regulations. They manage all unemployment and workers' compensation insurance claims. Provide ACA compliance administration, while offering large company benefit packages to help you attract better employees.
PEO Workers' Comp Advantages
PEOs co-employ thousands of businesses, so their power in work comp premium provides huge savings up front. This allows business owners to take advantage of savings, which are usually only available to those who qualify for larger group rates. They are also able to save you money long term with effective risk and claims management. Additionally, the PEO's pay-as-you-go program helps employers avoid large down payments.
More Work Comp Benefits Include:
- No Down Payments
- Pay-as-you Go Plans
- No Audits
- Claims Management
- Timely Certificates of Insurance
How Does an Illinois PEO Company Work?
As the business owner you report your employees' payroll to the PEO, then they send you an invoice for the total amount owed for the workers' compensation, matching governmental taxes and the PEO's administrative fees for processing your payroll. This is billed on a pay-as-you-go basis, eliminating workers' compensation insurance audits.
Why Use Employee Leasing Quotes?
We have been in this industry since 2001 and are experts on everything concerning Professional Employer Organizations. PEOs are all different, and offer varied benefits and options. Their pricing can differ dramatically. We work with you to learn your company's specific needs and pair you with the proper PEO solution.
Finding the PEO that best fits your business takes time and research. When you use our expertise, you can rest assured you are getting the highest quality PEO services at the lowest cost. What you can save depends on your current situation, so call us today to see what we can do to help your business.