PEO Company Information
Professional Employer Organizations (PEOs) have been helping business owners since the early 1970s. PEOs offer a wide range of human resources services, workers' compensation insurance discounts, and complete payroll management.
A PEO removes the burdens of time consuming administrative tasks, helping employers refocus their energy on running their business. Sales, growth, and customer service can again become a priority.
PEOs are a special asset for companies that have experienced workers’ comp losses or have a high experience mod. The PEO can significantly reduce work comp costs by combining their experience in a pool with other employers, which immediately lowers their experience mod. PEOs are also able to receive premium discounts that can be passed down to their clients.
How Does a PEO Help Masons?
PEOs can significantly reduce employment-related costs for your business by giving you:
- Big workers' compensation insurance discounts with no money down, pay-as-you-go plan for greater cash flow - plus no audits!
- Affordable employee benefit plan options, including master group healthcare and supplemental accident plans.
- Outsourced payroll services including free direct deposit, accurate tax deposits, quarterly and year-end reports, plus W-2s, wage garnishments and more.
- Access to human resource professionals to unload governmental compliance headaches, claims and issues.
What Are The Costs?
Average administrative costs 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 Can ELQ Help?
We’ve worked in the PEO industry over 20 years, and we know the industry top to bottom. We are the best resource for finding a PEO that will best fit your business needs.
Just one call to us covers all of the bases, because we can quickly match you with a provider that meets your needs. Plus, our negation and leverage in the industry ensure you get the BEST pricing. Just give us a call, tell us your needs, and get answers to all of your questions. With the only price plus guarantee, you'll pay less on the services you want – without all the work!