Outsource Payroll Headaches, Lower Workers Comp Rates and Gain Access to Great Employee Benefits.

New York PEO Companies

What Does a New York PEO Do?

The high costs of employment are just one great reason that New York employers utilize PEO services. PEOs have been one of the fastest growing business trends in the last few decades, because they reduce costs and liabilities, while giving you more time to focus on growth. Just a few of the many benefits include:

Benefits of a New York PEO Service

Professional employer organizations and many HR outsourcing providers offer Fortune 500 benefits with competitive rates that are accessible for big and small companies. Human resource professionals reduce many employment liabilities by providing assistance with safety and employee handbooks, along with proper hiring and employment procedures.

Some of the most common PEO benefits include:

Advantages of Using a PEO for New York Workers' Compensation

PEOs have many benefits, but one of the biggest lies in the master workers' compensation insurance policies for their clients. Most businesses experience immediate savings on rates, while avoiding down payments and state fees. Payroll services also provide an audit each period to ensure accuracy. Every New York PEO has specific workers' compensation classifications they can/ cannot cover mandated by their Workers' Compensation insurance policy or other carrier arrangements.

Other New York PEO Workers' Compensation Benefits Include:

Cost of New York PEO Services

New York PEO companies either charge a fixed percentage of your total payroll, or a flat fee per employee. All professional employment organizations charge different rates. Your rate charged will also depend on the amount and type of administrative services needed.

Save Money by Using a PEO for Your New York Employees

Working with a PEO will also save your business money. Administrative costs when using a professional employer organization range between 2%-4% of your annual payroll. This amount is much less than the average 8%-15% ( evaluated by the Small Business Administrations) when managing similar tasks in-house.

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 New York PEO also allows companies to use the PEO’s lower EM (experience modifier). This can be particularly beneficial to companies with prior claims issues and high experience modifiers.

Why Choose ELQ For Your PEO Needs?

For over two decades, ELQ’s experts have helped New York business owners access a PEO solution that impacted their operations. Every PEO and every business working with a PEO is different. ELQ ‘s expertise ensures your New York business is matched with the right PEO. ELQ has been researching and vetting hundreds of New York 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 construction and need relief from high New York 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 New York PEO quote today!