What Are The Benefits of Using A PEO Service?
Reducing insurance costs and unloading administrative hassles for your Santa Ana business are just a few of the many benefits you'll enjoy when using a PEO. Other advantages include:
- Savings of up to 40% on California workers' compensation insurance, with a no-money down, on a pay-as-you-go plan.
- HR services that help you stay current on governmental compliance issues, employee verification, customized handbooks and safety procedures.
- Access to employee benefit plans at reduced rates. Healthcare, dental and vision, even 401(k) savings plan options for small business budgets.
- Payroll services from A to Z for less than could do on your own! Payroll tax reporting, wage garnishments, tailored reports, direct deposit and more.
How Much Do PEO Services Cost?
Average administrative costs are between 2-4% of annual payroll. This means if your 12 employee, $350k annual payroll was charged 2.5% - the costs for all HR services would be $8,750. With the Small Business Administration reporting an average cost of 8-15% for employers managing these tasks in house, utilizing a PEO is a bargain.
Why Do Businesses Use A PEO?
Accurate named a Professional Employer Organization, because PEO companies focus on everything that has to do with employment. Businesses use a PEO service, to spend their time and resources on sales, service and growth instead of being a “professional employer.”
How Many Businesses Use PEO Services?
The PEO industry continues to see double digit growth each year for over two decades now. As of 2017, PEOs work with between 156,000 and 180,000 small and mid-size businesses, employing between 2.7 and 3.4 million people. With over 900 PEO companies in the US alone, any business can find value these services.
Why Us?
PEOs vary widely in their benefits, pricing and services. With hundreds of PEO providers, there may be only one that can deliver the benefits your Santa Ana company needs. Using ELQ is the easiest way to access the right company for you, because we've done the vetting and research on hundreds of PEOs since 2001. Give us a call and see how your business can benefit. We've saved thousands of employers millions of dollars in taxes and insurance - we're here to help.
