How Can A PEO Help Your Business?
By reducing administrative paperwork and employment liabilities, while lowering your labor costs. Just a few of the many benefits your Long Beach company will access include:
- Big savings on California workers' compensation insurance costs, with a no-money down, pay-as-you-go plan.
- Payroll services, including 941 quarterly and 940 year-end report filings. Wage garnishments, tailored payroll reports, free direct deposit and more.
- Human resource help to stay current on governmental compliance issues, unemployment claims, e-verify and company policies.
- Access to employee benefit plans at reduced rates with group healthcare, dental, vision and 401(k) savings options.
What Are The Costs?
Average administrative costs run between 2-4% of annual payroll - a bargain considering the National Chamber of Commerce states that small businesses can spend up to 30% of their time managing employment related work. Plus, recent independent studies have shown that businesses who utilize a PEO service are 50% less likely to go out of business, grow 10% faster and experience an average of 22% less employee turnover.
How Does a PEO Work?
The PEO "co-employs" your work-site employees. In short, this means you and the PEO share employer responsibilities. The PEO provides complete payroll management, collects and deposits payroll taxes with local, state and federal authorities as the administrative employer. As the "on-site" employer you continue to hire, terminate and manage your business.
PEO companies were designed to lower costs and free up time, so you can work on things that really matter - like growing your business. So, whether it's reducing the high costs of workers' comp insurance, or outsourcing the stress of payroll management - a PEO can provide a huge impact to your bottom-line.
Are Employee Benefits Required?
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.
How Can We Help?
We know the strengths and weaknesses of each PEO, through years of vetting and research. As one of the nations largest and oldest independent PEO brokerages, you'll get all the facts and questions answered up front. We eliminate the concerns, so you're comfortable with your decision. We take responsibility for the PEOs we recommend and hold them accountable for the promises they make. Call today and see how your Long Beach business can benefit - we're here to help.
