How Can A PEO Help Your Oregon Business?
Imagine reducing your Oregon workers' comp insurance by as much as 40%, gaining access to big company benefit plans and unloading tedious payroll management tasks. An Oregon PEO providing an employee leasing solutions can do just that, with these great benefits:
- Discounts on Oregon workers' compensation insurance rates, with no annual audits and no down payments.
- Complete payroll administration, with tailored payroll reports, wage garnishments, direct deposits and more.
- HR services that reduce your employment liabilities and aid in better employee, employer relationships.
- Affordable group health, dental, vision insurance plans - even 401k options.
With it's inception almost 40 years ago now as "employee leasing" services - PEOs offer a simple concept. Pour your effort and time into tasks that generate growth and revenue for your business - and outsource the work that doesn't create a dime of income. Like many states, Oregon work comp and group health insurance costs continue to increase along with employment laws and lawsuits. Employee leasing companies can reduce both labor costs and liabilities.
What Are The Costs of PEO Services?
PEOs charge an administrative fee that averages between 2-4% of your annual payroll. For example, if your annual payroll is $500k and the PEO company charges 2% - that's $10k yearly for services. Compared with in house costs of 8-15%, based on Small Business Administration (SBA) statistics - PEOs are a bargain!
Because each provider is unique in their service and benefit offerings. For example, one may include background checks, or pre-hire drug testing in their management fee, while others may charge on an a la carte basis. Even more differences include healthcare providers, such as Blue Cross Blue Shield compared with Aetna, or Humana. Understanding your needs and how a PEO can best impact your Oregon operations is just one way we help you through the process.
Call Employee Leasing Quotes for information, pricing and quotes. With hundreds of PEOs, ASO's (administrative service organizations) and creative outsourcing service providers, there may be only one that best fits your business. Use our industry knowledge to deliver a solution that makes an immediate impact. We've done the research on hundreds of PEOs across the country since 2001. In just 5 minutes, you may discover thousands of dollars in savings and more time for growth.
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