What Can a Louisiana PEO Do For You?
Using a PEO company for your Louisiana based company has lots of advantages and benefits. One of the biggest advantages is the time that businesses are able to save by outsourcing the headaches of payroll, HR management and more. A business can then focus their time on profit producing and expanding business opportunities.
Some of the most common PEO benefits include:
- Better Medical Benefits
PEOs offer a range of life and health insurance as well as supplemental policies.
- Payroll Administration
PEOs offer payroll services that generally include paper checks, direct deposit, and visa paycards. They can also assist with tax reporting and wage garnishments.
- Retirement Planning
Many PEOS offer a variety of retirement savings plans including 401(k).
- Compliance Enforcement
Professional HR experts offer valuable assistance on compliance and employment-related issues that reduce liabilities.
- Workers’ Compensation
Pay-as-you-go workers' compensation insurance, with little to no money down and no annual audits at discounted rates.
- Employee Assistance Programs (EAPs)
Some PEOs will offer EAPs to help with life/family needs.
How Can a PEO Help Your Louisiana Business?
The PEO company becomes the employment administrative arm for your Louisiana based business. Payroll, tax reporting, benefits management, workplace safety, and many other employee-related issues are outsourced for much less than in-house costs.
As the employer, you continue to run the day-to-day operations, but with more time to focus on sales, service, and growth.
How Much Does a PEO Cost?
Most PEOs charge an administrative fee that averages between 2-4% of your annual payroll. Compared to in-house costs of 8-15%, based on the Small Business Administration's (SBA) statistics - PEOs are a bargain!
Finding a PEO in Louisiana
ELQ has been working and vetting PEOs since 2001. We have the experience that employers in Louisiana need to find the right fit for their businesses. We are the nation's premier PEO broker and take pride in saving you and your business time and money. Let us do the detailed work of matching you with your ideal PEO so you can do your best work.