PEO Companies Offer Employee Benefits and Workers' Comp Discounts!

Myrtle Beach PEO Companies

Why Use A PEO?

Searching for a cost-effective way to unload the headaches that come with employment paperwork and administrative issues? Partnering with a PEO, allows you to outsource the hassles for less than you could do on your own, giving you more time to work on things that really matter - like growing your Myrtle Beach business.

The Benefits of Using a PEO

A PEO company can save you even more time and money by managing payroll, reducing workers' compensation insurance costs, accessing employee benefits plans and lowering liabilities. Experienced HR professionals assist with hiring and severance paperwork, reviewing or implementing new employee handbooks, access to safety training services and so much more.

A PEO can help you adjust your operations as your business grows. Bigger businesses have different needs and regulatory requirements than smaller ones, and for many business owners, making the leap can be daunting. But if you work with a PEO company, you'll have an experienced team of accounting and human resource experts ready to help adjust your employee policies and ensure regulatory compliance as your company expands.

How Does A PEO Work?

The PEO service becomes the back office partner for your Myrtle Beach operations. Payroll management, tax reporting, workplace safety, benefits administration and many other employment issues are outsourced for much less than in-house costs. As the employer, you continue to run the day to day operations as usual - but with more time to focus on growth.

How Much Does a PEO Cost?

A PEOs average administrative charge is 2-4% of annual payroll. So, assuming an annual payroll of $500k and a 2% admin fee - that's $10k. Other costs you'll notice on a PEO proposal will also be the same costs you currently have. Those include your employer matching social security and medicare tax, or FICA. State and federal unemployment taxes and workers' compensation insurance rates broken out by classification codes.

How Many Businesses Use PEO Services?

Currently, PEOs work with between 156,000 and 180,000 small and mid-size businesses, employing between 2.7 and 3.4 million people.

Why Choose ELQ?

Because we've done the research and vetting on hundreds of PEOs since 2001, so you don't have to! Plus, thousands of others have and you'll know within minutes how a PEO service could impact your Myrtle Beach business. With hundreds of PEO, HR and ASO options to consider - there may be only one that can impact your operations where you need it most.

Looking to build a better benefits package? We can help. Are workers' comp premiums affecting profit margins? We can help there too! Give us a call and find out how a PEO could benefit your business.