Why Use Employee Leasing Services?
Business owners want to focus their time and energy on growth and revenue not on the business of employment. So each year, more and more Massachusetts companies are connecting with the services of a Professional Employer Organization (PEO) for an employee leasing solution. PEO advantages include:
- Great employee benefit options, including group healthcare, vision, dental and supplemental plans.
- Complete annual payroll administrative services. The PEO assumes responsibility of on-time payroll tax filings, records all 941 quarterly and year-end 940 reports. Free direct deposit, pay-cards, wage garnishment services and more take all the headaches away.
- Discounted Massachusetts workers' compensation insurance. No money down, pay-as-you go plans allow for greater cash flow and you'll never have an audit.
- Professional assistance from the leasing company's HR service team for a fraction of the cost of hiring, available whenever you have needs!
How Does a PEO Arrangement Work?
Known as a "co-employment" relationship, this unique situation allows businesses to outsource many employment liabilities, while still maintaining the day-to-day control of their employees. The business owner continues to hire, fire, train, reprimand and schedule their employees. The PEO provider is responsible for all of the HR-related tasks, including employee payroll, safety help, injury and unemployment claims management to name a few.
Workers' Comp Costs with a PEO
For a number of industries, workers' compensation insurance is many times the most expensive part of running a business. That's why many Massachusetts employers are turning to an employee leasing program to lower premiums and costs. With a PEOs help in safety and risk management services which drive down their experience modification rate, client employers can often save up to 40% off traditional policy rates.
As the nation's leading PEO brokerage since 2001, Employee Leasing Quotes is the easiest way to find the right company for your Massachusetts operations. With so many choices, there may be only one that can deliver the benefits you need. Whether it's reduced costs on work comp insurance, payroll outsourcing or building a better employee benefits package - give us a call. No one knows the PEO marketplace like we do and no one gives you all the answers to make an informed decision like we will.