Why Use A PEO?
Outsourcing payroll, HR responsibilities to a PEO allows your Vermont business to be more productive. You'll give yourself more time to be more productive, while increasing your Vermont businesses profitability. PEOs offer the following benefits and services:
- Pay-as-you go, Vermont workers' compensation insurance discounts with no audits and little to no money down.
- Affordable group health insurance, dental, vision and retirement plans.
- Payroll outsourcing that includes all tax filings, garnishments, free direct deposit and more.
- Human resources management that covers employee handbooks, drug testing and governmental compliance issues.
How Does PEO Service Work?
PEOs utilize what's called a "co-employment" relationship. This means that the PEO performs many of the employment administrative work such as; payroll and employee benefits management, as well as safety and HR services. By doing this, you unload a number of liabilities and responsibilities of your Vermont company onto the PEO provider. As the business owner, you continue to run the day to day operations - but with more time to focus on sales, service and growth.
How Much Do PEOs Costs?
Much less than in-house costs. PEOs charge an administrative fee that averages between 2-4% of your annual payroll. Compared with in house costs of 7-13%, based on Small Business Administration (SBA) statistics - PEOs are a bargain! Understanding your needs and where outsourcing can provide the biggest impact, is just one way we help you through the process.
Your Vermont business is unique and has its own specific needs. Employee Leasing Quotes provides the expertise and guidance to find the PEO program that can best deliver those needs. So whether you're a trucking company looking to lower work comp costs, or country club in search of better employee benefits - we can help. Call us, ask questions and get answers. We're here to help.