What Benefits Can a PEO Provide Your Business?
- Savings of up to 40% on South Carolina work comp insurance, with no audits, no deposits and no money down for greater cash flow.
- Reduced rates and access to big company employee benefit plans.
- Complete payroll outsourcing to give you back your time to work on income producing tasks.
- Professional HR services to unload increasing governmental compliance headaches, employee issues and more.
Many PEOs who serve the Summerville area manage a variety of employment related issues including payroll, employee benefits, workers' comp audits, recruiting, training and more. Plus, a PEO companies co-employment relationship offers competitive, comprehensive health insurance on a budget for even the smallest of groups.
How Much Do PEO Services Cost?
On average, 2-4% of your company's annual payroll is what PEOs and employee leasing providers charge for complete payroll and HR management. Compared with an average cost of 8-13%, as noted by the Small Business Administration (SBA) - utilizing a PEO program is a bargain!
Can We Keep Our Current Employee Benefits?
The answer is yes with most PEOs. If you have benefits in place, many times we’ll compare those against the PEO company’s plans to ensure you’re getting the best deal. If you choose to keep your current benefits, the PEO can pre-tax deduct those through payroll each pay period.
Do PEO Companies Require a Contract?
Most PEO companies have a yearly service agreement. Within the agreement in many cases, a clause is included where either party can exit the relationship provided a 30 day notice is given. The service agreement includes the proposed rates for annual services, as well as both party’s obligations throughout the year.
Why Us?
As the nation's leading PEO brokerage since 2001, ELQ is the easiest way to access the right PEO for your Summerville operations. For 20 years, we've researched and interviewed hundreds of PEO companies, understanding their industry preferences, services and costs - so you don't have to.
From construction companies to restaurants, every business comes with it's own set of unique challenges and needs. So, whether it's outsourcing payroll services, or reducing work comp rates, there may be only one PEO service that can provide the impact you need. Call today, ask questions and see how your business can benefit, we're here to help.
