Why Use A PEO Service?
PEOs provide employment cost savings on taxes and insurances, while giving you more time to focus on growing your New Orleans operations. Just a few of the many benefits include:
- Big discounts on Louisiana workers' compensation insurance, with no audits.
- Payroll outsourcing for less than you can do on your own.
- Human resource services for reduced employment liabilities and risk management.
- Access to affordable employee benefit plans.
- Reduced unemployment taxes in some states due to state experience rating.
A PEOs Louisiana workers' comp master policy can provide immediate discounts. Plus, outsourcing payroll administration, sharing HR specialists with other small business groups, reduces employment costs and liabilities. Most importantly, removing work that doesn't generate revenue creates more time for ideas that do.
What Are The Costs of a PEO Services?
Average administrative costs are between 2-4% of annual payroll. This means if your 10 employee, $300k annual payroll was charged 2.5% - the costs for all HR services would be $7,500.
What Types of Employee Benefits Do PEOs Offer?
With over 900 PEO providers, you can bet there are big differences in the employee benefits offered through each service and that's where we can help. For example, some offer Blue Cross Blue Shield as their health plan, while others may utilize Aetna or United. Dental, vision and other supplemental insurances can also vary dramatically by PEO, but here’s a short list of the benefits a PEO may offer:
- Group health insurance
- Vision and dental
- Short and long term disability
- Life insurance
- Accident and cancer insurance
- 401k savings plans
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. This equals the total employment for Walmart (United States only), Amazon, IBM, FedEx, Starbucks, AT&T, Wells Fargo, Apple, and Google.
Why Choose Us?
Because each PEO is different, just like your business. Different in services, benefits, insurances and of course pricing. We've done the vetting, made the visits and understand which clients best fit a particular PEOs services. ELQ makes it easy to get the benefits you need at the best possible price.
With thousands of providers, there may be only one that can truly deliver that benefits your unique New Orleans business needs. Give us a call for questions, pricing and proposals. Our industry knowledge will save you more money and time.
