How Can A PEO Company Help?
PEO services will reduce employment related costs for your Santa Rosa business, increase your profit margins and give you more opportunities for success. How? A PEO company acts as your back-office partner, managing a number of HR tasks. From unloading payroll headaches for less than you can do on your own, to providing big discounts on workers' comp rates and access to great employee benefit packages.
What Does A PEO Charge For Services?
Average administrative costs run between 2-4% of your annual payroll. A bargain considering the National Chamber of Commerce states that small businesses can spend up to 30% of their time managing employment related work. Plus, independent studies have shown that businesses who utilize a PEO service are 50% less likely to go out of business, grow 10% faster and experience an average of 22% less employee turnover.
How Does The PEO Arrangement Work?
The PEO agreement typically runs for a year and rolls into another year if both parties wish to continue the relationship. A PEOs contract will outline their obligations to make timely tax payments, deliver processed payroll, assist with unemployment, injury claims and more. The employer continues to run the day to day activities. The only changes you'll notice are more time for profit producing tasks and lower employment related costs.
California Work Comp Saving Benefits Through A PEO.
- Up to 40% off state fund rates.
- Little to no down payments.
- No Audits.
- Claims management.
- Cash flow, on a pay as you go plan.
How Can ELQ Help?
As the nation's leading PEO brokerage since 2001, Employee Leasing Quotes is the easiest way to access the right outsourcing solution for your Santa Rosa business. With so many California PEOs to vet, there may be only one that fits your needs. Give us a call, we've done the work for you and we're here to help.
