Why Use A PEO?
If you're searching for a way to cut employment costs for your Nebraska business, a Professional Employer Organization, or PEO could be a great solution. Using a PEO service, allows you to outsource the work that doesn't produce a dime of income for your business, so you can focus on sales and growth. The advantages of a PEO include:
- Discounted Nebraska workers' compensation insurance with no money down, pay-as-you-go plans.
- Access to affordable employee benefit plans such as 401(k) plans, group heath care and supplemental insurance.
- Total payroll administration that includes quarterly and year-end reporting, w-2s, wage garnishments, direct deposit and more.
- HR management that helps with unemployment claims and increasingly complex governmental compliance issues.
PEO Employee Leasing History
Started in the 1970's and still known as employee leasing, the term PEO was coined in the late 1990s. The concept was simple. Create a business service where small to mid-sized business owners could outsource their employee related administrative tasks - to focus on sales, service and the growth of their business.
How Does the PEO Relationship Work?
The PEO company serves as the employment administrative arm of your business. Help from hiring to retirement, most business owners are overwhelmed with the amount of paperwork and mandated reporting that comes along with employment.
The employer remains in control of hiring, training and their day to day business functions. The only changes you'll notice is more time to focus on revenue generating tasks and lower employment costs.
What Are the Costs of a PEO?
Most PEO companies charge an administrative fee based on your annual payroll, that typically runs between 2-4%. Each PEO provider may have other separate charges for services such as, drug testing, employee handbooks, prevailing wage reports, employment practices liability insurance and safety training. Accessing the right fit for your Nebraska operations, is just one of the many ways we help.
Since 2001, Employee Leasing Quotes has helped Nebraska business owners access their perfect PEO company to deliver the services they need. Lowering workers' comp insurance rates - we can help. Outsourcing payroll management - we can do that too.
We've done the research and financial background on hundreds of PEOs from across the country for 20 years now - that's all we do! Give us call, a short conversation could better your business and allow you to keep more of what you've earned.
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