PEO Service Advantages for Moving Companies
A PEO company that works in the moving and storage business, provides workers' compensation insurance, access to great employee benefits, payroll outsourcing, and human resource tasks. The PEO’s team of HR experts ensure that all of these duties are completed correctly and on time. This allows business owners to concentrate on important tasks such as sales and growth. The business owner never loses control over day-to-day business operations, such as hiring and firing and supervision of employees.
Can A PEO Lower Workers' Comp Rates?
Absolutely! Workers' comp insurance coverage for moving companies can be hard to find, especially at reasonable rates. PEOs have been a great resource the industry for many years- providing insurance savings, complete payroll management services, and even great employee benefit programs for the small business budget.
Workers' comp is often one of the most expensive parts of running a moving business. That's where a PEO can really help. PEO companies can save employers up to 40% off their state rates, while offering no down payments or fees, and never any year end audits. Many times, a PEO will provide workers' comp on a pay-as-you-go basis. And it's easy to get the certificates of insurance you need!
More PEO Benefits for Moving Companies
PEOs let employers outsource employment administrative work to focus on work that creates business and revenue. When you think about, it's the same concept of why hire of moving company. Some of the advantages of these services include:
- Detailed Payroll Reports
- No Audits
- Group Healthcare
- Supplemental Insurance Options
- Safety Training
- Work Comp Discounts of up to 40% off state rates
- Risk Management
- Background Checks
- Quarterly and Year-end Filings
- Wage Garnishments
- Direct Deposit
- and more!
How Does The PEO Relationship Work?
The PEO becomes your "back office" partner, allowing you to outsource work that takes time and doesn't generate revenue. Also known as employee leasing, PEOs provide complete payroll administrative services, human resource and governmental compliance experts that lower your employment liabilities.
Working with a PEO experienced in the moving industry also allows companies to use the PEO’s lower EM (experience modifier). This can be particularly beneficial for companies with prior claims issues and high experience modifiers.
How Much Does A PEO Cost?
As an industry average, you can expect an administrative fee at 2% - 4% of your annual employee payroll. For example, if the annual payroll for your moving business was $300k and the employee leasing company charged 3% - the annual management costs would be $9k. Considering online payroll access, HR services, risk management and dozens of other benefits - PEOs are a bargain if even half of the services are used.
Find Top Rated Moving PEO Companies
If you're ready to experience the competitive edge that these programs can offer your moving business, we're here to help. We work with licensed and carefully vetted PEO companies from around the country. Our industry experience gives us the knowledge to access the best provider to help grow your business.
Every PEO and every business working with a PEO is different. ELQ ‘s expertise ensures your moving business is matched with the right PEO. ELQ has been researching and vetting hundreds of PEO providers since 2001, so you don't have to! Professional employee organizations differ in their industry preferences, employee sizes, benefits, services and of course costs.
For example, one may include background checks, or pre-hire drug testing in their management fee, while another charges on an a la carte basis. Your business is unique to any other. ELQ understands each business has specific needs and requirements that need to be met. Whether you work in the moving business and need relief from high workers compensation rates, or own a medical practice where employee benefit help is essential, ELQ can help. We know the PEO market and how to help your operations save time and money. Request a PEO quote for your moving company today!