How Does A PEO Help?
Why not let someone else deal with the headaches of payroll, while saving thousands on Michigan workers' compensation insurance and gaining access to Fortune 500 style benefits? The right PEO service will allow you to do just that. PEOs are a booming business, because they reduce employment–related costs and give you more time to work on things that really matter, like growing your Ann Arbor business.
- PEOs provide services to 175,000 small and mid-sized businesses, employing 3.7 million people.
- There are 907 PEOs in the United States.
- The total employment represented by the PEO industry is roughly the same as the combined number of employees for Walmart (United States only), Amazon, IBM, FedEx, Starbucks, AT&T, Wells Fargo, Apple, and Google.
How Does A PEO Relationship Work?
When you partner with a PEO company, you enter into a co-employment relationship. This means that the PEO assumes parts of your employer responsibilities, such as tax remittance, payroll processing and benefits administration. You maintain the day-to-day operations of your business such as hiring and firing, training and management of your employees.
Your employees become co-employed by both you and the PEO, giving you access to the PEO company's HR, compliance, benefit, payroll and tax infrastructure. The only differences you'll notice are more time for profit producing tasks and lower employment related costs.
Do PEOs Lower Work Comp Rates?
Absolutely! An employer can often see discounts on their workers' compensation insurance rates up to 40% state rates, with no down payments or policy fees. Plus, you'll never have to deal with another year-end audit. How much you save depends on your current situation, so call us today for a free cost analysis.
Call Employee Leasing Quotes for information, pricing and Ann Arbor PEO quotes. With thousands of HR outsourcing providers, there may be only one that fits your needs. Use our industry knowledge to deliver a solution that makes an immediate impact. We've done the research and vetting since 2001. Our success depends on yours, so give us call.