How Can A PEO Help Your California Business?
PEO services take the responsibilities of payroll, HR, risk management and more off a business owner's shoulders, so the focus can be on doing what you do best. In addition, the right PEO company can offer your business the opportunity to attract more talented employees by providing great employee benefits plans and other perks.
Plus, PEOs assume many of the liabilities associated with payroll, tax filings, employee benefits, and compliance. The employer remains responsible for day-to-day operations, such as hiring, terminating and the supervision of employees. The biggest change you'll notice in working with a PEO is lower employment costs and more time for profit producing tasks.
PEO Services Also Include:
- Workers' Compensation Claims Administration
- Family and Medical Leave Act Administration
- Risk Management
- Direct Deposit/ Check Printing
- Complete HR Administration, including safety and regulatory compliance
- 401(k) Savings Plans
- Drug Testing
What Do PEO Companies Charge For Services?
Far less than in-house costs. The average administrative fee when using a PEO service is between 2% - 4% of your annual payroll. For example, if you have a $300k payroll - a 2% management fee would be $6k yearly. Considering complete payroll and benefits administration, along with risk management and HR services - the value of outsourcing with a PEO can't be beat. More importantly, you'll notice the time savings your California business has gained to operate and work on growth instead of paperwork.
Advantages of Using A PEO Provider
There are many benefits to using a California PEO, but TIME is one of the biggest reasons business owners say they work with a PEO. Instead of being responsible for the growing list of governmental compliance demands, an employer can focus on growing their business, instead of the business of employment and spend more time improving employee performance.
Other PEO Advantages Include:
- Huge Savings on Workers' Compensation Insurance
- Unemployment Claims Management
- Access to High-Quality, Comprehensive Benefits
- Complete HR Support
- Payroll Management
How Many Businesses Use A PEO?
PEOs provide services to 175,000 small and mid-sized businesses, employing 3.7 million people. The industry has grown considerably in the past few decades, with more than 900 PEOs now in the U.S. alone. PEOs can benefit almost any industry, and work in almost every state.
Why ELQ?
Choosing a PEO service is a big decision and we treat it that way. We listen to your needs, ask questions and create solutions that produce a positive impact on your business. You'll save time spent calling dozens of PEOs and filling out countless questionnaires, as we've done the work for you. Since 2001, we've vetted, researched and visited with hundreds of PEO companies across the country. Use our expertise and leverage to make sure you're getting the best PEO at the best price. Call today and learn more - we're here to help.
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