How Can a PEO Help Your Business?
Business owners often feel the strain of trying to run a successful company, while having their time wasted on employee-related administrative burdens. To eliminate these tasks, many turn to a Professional Employer Organization (PEO), also known as an employee leasing company.
PEO Service Benefits Include:
- Pay-as-you-go sheet metal workers' compensation insurance savings, with no down payments or audits.
- Complete payroll processing, including all garnishments, deductions and direct deposit.
- HR help for employment related issues and governmental compliance.
- Access to affordable health care and other great employee benefits.
What Does A PEO Charge For Services?
The average administrative costs for PEO services run between 2-4% of your annual payroll - a bargain considering the National Chamber of Commerce states that small businesses can spend up to 30% of their time managing employment related work. Plus, recent independent studies have shown businesses who utilize a PEO service are 50% less likely to go out of business, grow 10% faster and experience an average of 22% less employee turnover.
How Many Businesses Are Using A PEO?
As of 2017, PEO companies work with between 156,000 and 180,000 small and mid-size businesses, employing between 2.7 and 3.4 million people. With over 900 PEO providers in the US, any business can find value these services.
Why Choose Us?
ELQ has been helping business owners like you since 2001. Our PEO industry expertise helps you access the program you need with the benefits you want. We've done the vetting and research on hundreds of PEOs, so you don't have to - that's what we do! Fill out our easy quotes request form or call today. You won't believe how simple it is to get started and how much you could be saving in time and money.