What Can a PEO Do for Your Oregon Business?
Using a PEO company for your Oregon company has lots of advantages and benefits. One of the biggest advantages is the time that businesses are able to save by outsourcing the headaches of payroll, HR management and more. A business can then focus their time on profit producing and expanding business opportunities.
Just a few of the many benefits include:
- 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.
How Can PEO Services Help?
The PEO company becomes the employment administrative arm for your Louisiana based business. Payroll, tax reporting, benefits management, workplace safety, and many other employee-related issues are outsourced for much less than in-house costs.
As the employer, you continue to run the day-to-day operations, but with more time to focus on sales, service, and growth.
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!
Finding a PEO in Oregon
ELQ has been vetting and interviewing PEOs since 2001. As the nation's premier PEO broker and take pride in saving you and your business time and money. Let us do the detailed work of accessing your ideal PEO. 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.
With hundreds of PEO providers to consider, there may be only one that best fits your business. Use our industry knowledge to deliver a solution that makes an immediate impact. Give us call, or request your Oregon PEO quote today.