How Can A PEO Help?
If you haven't looked into the benefits of a Professional Employer Organization (PEO), you won't believe the impact these services can have on your New Hampshire business. You get all of this and more:
- Up to 40% discount on New Hampshire workers' compensation insurance rates, with no audits or down payments.
- Access to a team of HR professionals for assistance with employment verification, unemployment claims, risk management and more.
- Payroll outsourcing that includes payroll checks, free direct deposit, employee garnishments and all tax filings.
- Excellent group benefit plans at reduced rates, including healthcare, 401(k) savings plans and supplemental insurances.
How Does A PEO Relationship Work?
The PEO company becomes the employment administrative arm for your New Hampshire operations. Payroll, tax reporting, benefits management, workplace safety and many other employee related issues are outsourced for much less than in-house costs. As the employer, you continue to run the day to day operations, but with more time to focus on sales, service and growth.
How Much Does A PEO Cost?
Most PEOs charge an administrative fee that averages between 2-4% of your annual payroll. Compared to in house costs of 7-13%, based on Small Business Administration (SBA) statistics and looking at complete services involved - PEOs are a bargain!
But each provider is different, with different service and benefit cost offerings. For example, one may include background checks, or pre-hire drug testing in their management fee, while another charges on an a la carte basis. That's just one way we help you navigate through the process.
Lower employment costs and liabilities, plus more time for growth and work that matters! Call Employee Leasing Quotes for the easiest way to find the right PEO company for your New Hampshire operations. With over 700 services to choose from, there may be only one that fits your unique needs. Since 2001, we've saved thousands of employers millions of dollars in taxes and insurance. We're here to help.