What is an Indiana PEO Provider?
A Professional Employer Organization, also known as a PEO, is a service that businesses commonly use to provide human resource management and benefits administration along with a broad range of HR services.
PEO companies work with thousands of employers and pools them together. By doing so, a PEO gives smaller companies affordable rates on high quality healthcare and employee benefits that might not be options for them otherwise. And because they are buying the benefits in bulk, they are able to get a much better rate per employee. Plus, this expanded client base ensures that PEOs can provide very low workers' compensation insurance rates.
Advantages of an Indiana PEO
There are many benefits for employers looking to partner with a PEO. One of the biggest advantages is the time savings that business owners are able to achieve by outsourcing the headaches of payroll and HR management. When the PEO handles this busy work, an employer is able to focus his/her time on building profits and expanding business opportunities.
Other PEO Benefits include:
Reduced Unemployment Tax Burdens- In some cases, PEOs can extend state unemployment tax rates (SUTA) that are lower than a client's business can get on their own.
Better Employee Benefits- PEOs makes it easy to attract and retain the best employees by providing your company with high quality, affordable employee benefits
Lowered Costs – PEOs can typically save companies 15-40% on their workers' compensation insurance rates. Plus, with a PEO arrangement, workers' compensation premiums are collected with weekly or bi-weekly payroll payments, which means the usual upfront annual premium payments are avoided. There are never any audits or audit fees.
Reduced Turnover – PEO companies allow business owners to offer their employees a sense of security by providing flexible payroll options, benefit and retirement options and a safe working environment.
How Does a PEO Work?
When you work with a PEO, the PEO "co-employs" your worksite employees. In short, this means you and the PEO share employer responsibilities. The PEO provides complete payroll management and reports, and collects and deposits employment taxes with local, state and federal authorities. You retain responsibility for and manage day-to-day business operations, marketing, sales, and service. The PEO also provides a human resource and benefit package for worksite employees.
PEO Workers' Comp Advantages
One of the biggest reasons a business owner may use a PEO is to save money on workers' compensation. Many employers find it to be one of the highest costs in running a business. A PEO's economy of scale enables their clients to lower their employment costs and increase their bottom line. Work Comp through a PEO has many benefits, including:
- No Money Down
- No Audits
- Easy Certificates of Insurance
- OSHA Compliance
- Big Savings
- Risk Management and Safety Programs
- Return to Work Programs
Why Should You Use Employee Leasing Quotes?
Choosing a PEO employee leasing company is a big decision and we treat it that way. We're licensed insurance agents with over 20 years of experience in the Professional Employer Organization industry.
We have thorough knowledge of the companies we represent and can give an unbiased opinion of each of them. Since we know the strengths and weaknesses of each PEO, we can determine which one is appropriate for you. As independent brokers, you'll get all your facts and questions answered up front. We eliminate the concerns, so you're comfortable with your decision. We take responsibility for the providers we recommend and hold them accountable for the promises they make.
Since 2001, we've saved employers millions of dollars in workers' comp and health insurance premiums. We maintain an A+ rating with the Better Business Bureau. Our success stories page offers business names and contacts from satisfied clients from across the country.
We're the only PEO brokerage service that guarantees your satisfaction. Call us today to see how much you can save.