How Can A PEO Help?
Michigan PEO services are in demand because they reduce employment related costs, allow you to keep more of what you've earned and give you more time to focus on growth. Also known as employee leasing, a PEO (Professional Employer Organization), can provide business owners up to 40% off Michigan workers' compensation rates with complete payroll administration - for less than you can do on your own!
Plus, PEOs give you access to employee benefit plans with affordable rates on group health, dental and vision insurance, as well as 401(k) savings plans. Outsourcing HR tasks relieves you from the administrative hassles, allowing you work on things that really matter.
PEO Advantages Include:
- Big Savings on Michigan Work Comp Insurance
- Payroll Administration
- Access to High-Quality, Comprehensive Benefits
- Complete HR Support
- Unemployment Claims Management
What Do PEO Services Cost?
On average, PEO companies charge an administrative fee of 2-4% of your annual payroll. For example, if your annual payroll was $500k and the PEO provider management fee was 2% - that's $10k. The services included in costs, are complete payroll administration throughout the year, including all tax reporting and W2s. Safety and HR services, free direct deposit, wage garnishments and management of employee benefits.
With the Small Business Administration and US Chamber of Commerce studies showing in-house costs of managing these employment issues ranging between 10-15% of payroll - working with a PEO company isn't just a good deal, it's a great deal
How Does a PEO Relationship Work?
Partnering with an employee leasing company, you enter into a co-employment relationship. This means that the PEO assumes parts of your employer responsibilities, such as payroll processing and tax remittance, employee benefits administration, workers' comp and unemployment claims management to name a few. You continue to maintain the day-to-day operations of your business, still in control of hiring, training and management of your employees.
Choosing the right Michigan 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. Save the time you would spend making dozens of calls and filling out countless questionnaires. We've done the work for you, vetting hundreds of PEOs from across the country for 20 years now.
Use our expertise and leverage to make sure you're getting the best PEO at the best price. We've been helping business owners access their unique outsourcing solution since 2001, and will do the same for you. Call today and get answers to questions that makes sense. We're here to help.
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