Where Would The Construction Industry be Without PEO Services?

How Do PEOs Help Construction Businesses?

Professional Employer Organizations (PEOs) offer a co-employer relationship with a business owner to share certain responsibilities. The employer continues to handle the day-to-day activities of the employees, while the PEO company manages the time-consuming and complex issues of workers' compensation, employee benefits, HR, and payroll.

In other words, you do exactly what you got into business to do, and outsource the garbage work (that's still just as critical)-to someone else!

Contractors have been flocking to PEOs for 3 main reasons:

• Workers' Compensation costs- The insurance industry makes it virtually impossible for a small start-up to mid-sized contractor to obtain workers' compensation insurance coverage- even though it's required by law in almost every state! PEOs provide workers' comp coverage for the smallest of businesses, with very little or no up-front fees and deposits.
• Benefits- Smaller businesses also need access to more affordable, comprehensive employee benefits to compete for talented employees. PEOs allow access to an array of group healthcare benefits that may otherwise be difficult to obtain.
• Less Paperwork and Liability- With over 50 employment-related governmental regulations, small and mid-sized businesses need help. The majority of businesses don't have comptrollers, controllers, lawyers and accountants on staff! PEO companies have a team of human resource experts on staff to assist with employee-related issues.

Did You Know?

According to the US Business Administration, the average small business owner spends up to 25% of his or her time handling employee-related paperwork. And the IRS says that and 1 out of every 3 businesses pay fines and penalties on payroll taxes.

ELQ is the PEO Expert

PEO services have given employees the opportunity to become employers and be competitive right away by providing affordable, comprehensive solutions to managing a business. When a business owner can handle payroll, Workers' Compensation and benefit issues on a cell phone at the job site in just minutes per week, you can see why PEO services are growing so quickly!

For more information about PEO services, call the experts at ELQ for a free cost analysis at 1-888-582-8388.

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