Connecticut PEO Services Overview
A Professional Employer Organization (PEO), is an HR outsourcing service for small and midsized businesses, providing workers' compensation insurance, payroll and employee benefits administration, claims management, and governmental compliance assistance.
PEO Services Include:
- Complete payroll, HR administration, including safety and regulatory compliance.
- Workers' compensation insurance with no audits and no money down.
- Fortune 500 benefit plans, with group healthcare, dental, vision and 401k.
How Does a Connecticut PEO Company Work?
When you partner with a PEO company, you enter into a co-employment relationship. Co-employment means sharing legal responsibilities for your employees. Day-to-day business decisions, such as hiring, scheduling and training continue to remain under your control.
But anything that could raise HR-related legal issues is managed by the PEO, which limits your liability and allows you more time for sales and growth.
Do PEOs Lower Connecticut Work Comp Rates?
Yes! Many small businesses find that workers' compensation insurance is one of the most expensive parts of running their business. PEOs help reduce workers' compensation insurance costs by utilizing their size to achieve economies of scale. Most PEOs will have insurance with the large, nationwide workers' compensation insurance companies and can provide their clients with saving of up to 40% off state rates.
PEO providers can also improve your cash flow by eliminating down payments and policy fees, required with the purchase of work comp insurance. Employers with a high experience modification factor because of accidents or claims find relief with a PEO provider because the employer takes on the E-mod of the PEO.
Why Choose ELQ?
We've been in the PEO employee leasing industry since 2001 and understand the market like no one else. We'll be your best resource to provide a PEO that can impact your business the most. PEOs are different in their industry preferences, terms and pricing.
We save you the time and effort required in interviewing multiple providers, as we've done the research for you - that's what we do! Plus, our negation and leverage in the industry ensures you get the BEST pricing. Call today for more information and to see how a PEO can help your business.
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