Business Tasks Can Be Overwhelming
Human resources tasks such as workers' compensation insurance paperwork, payroll, and benefits administration are critical for large and small businesses alike. But while large companies have dedicated HR departments to give these tasks the attention they require, in small businesses, HR management often falls to the owner. This means hours of extra work and time taken away from growing the business.
If you're a small business owner who'd like to get that valuable time back, partnering a Professional Employer Organization (PEO) is a smart option. PEO providers help small businesses thrive by enabling them to enjoy the same benefits and expert human resources support as big businesses.
How Does a PEO Work?
You can think of your provider as your combined human resources and payroll department. It not only handles payroll, but takes care of everything an HR department does, from new employee intake to employee benefits processing and ensuring legal compliance.
It's an especially smart and cost-effective choice for businesses too small for a dedicated human resources officer. Some PEO providers happily work with businesses with just one or two employees.
How Do PEO Companies Help Small Businesses?
Partnering with a PEO benefits small businesses by providing the HR services they need to operate more effectively while saving time and money. Among the benefits your business can enjoy are these:
Affordable Workers' Compensation Insurance
Workers' comp can be pricey for small businesses. Luckily, PEO companies have the buying power to get you a great policy for a lower price than you can get on your own. This means you get better protection for your team while saving money—a win for everybody.
Doing payroll and getting it right are essential for your small business—but the time you spend doing it yourself is time you're not making money. Your new PEO partner frees you to focus on what makes your business great by handling everything for you, including deductions, expenses, and tracking paid time off.
Complete HR Support
You didn't start your business so you could spend your days managing HR paperwork or wondering about employment regulations and compliance issues. A PEO service takes all this off your hands by handling all your employment paperwork, benefits administration, and even conflict resolution. You also get expert HR support and advice you need to ensure you're always in compliance with the latest OSHA and other regulations.
Group Health Insurance and Other Benefits for Less
Another big advantage is your small business can get the same comprehensive benefits as a large business at a price that fits your budget. A Professional Employer Organization's buying power and industry knowledge ensure you get a policy that's right for both your team and your pocketbook. To make your business even more attractive to great workers, you can also get other attractive benefits at affordable rates, including dental and vision care insurance.
ELQ is Your PEO Partner
PEO companies work for small businesses like yours by saving you money and giving you the freedom to focus on what you do best. If you're ready to start enjoying these advantages, ELQ will find a reputable, vetted PEO to give your business an extra edge.
Since 2001, we've been committed to giving our clients the best pricing and service in the industry. Our customer service is a top priority- and we offer the best guarantee in the industry. Call us today to see how much you can save- and get more time to focus on growing your business!