How Does a PEO Work?
Also known as Professional Employer Organizations, the leasing company simply becomes the administrative arm for your painting operations, allowing you to unload a number of employment related tasks. Helping with proper hiring and termination techniques, to payroll, tax reporting, safety, benefits administration and much more. The right PEO service is all about giving you more time to build your business.
Why Use A PEO Service?
Administrative costs are around $450 lower per employee for businesses that use a PEO. Plus, businesses in a PEO arrangement grow 7-9 percent faster, have 10-14 percent lower turnover, and are 50 percent less likely to go out of business.
Workers' Comp Benefits with a PEO
PEOs co-employ thousands of painting businesses, so their bulk work comp power provides huge savings up front. They're also able to save you money in long term, with effective risk and claims management services.
More Work Comp Benefits:
- Pay-As-You-Go Premium
- Big Discounts
- No Down Payment
- Multi-State Coverage
- Manage Workers' Comp Claims
- Analysis of Claims & Losses
- 24 Hour Reporting
- Post Accident Drug Test
Are PEOs Recognized By the State and Federal Government?
Yes. PEOs operate in all 50 states. Many states provide some form of specific licensing, registration, or regulation for PEOs. These states statutorily recognize PEOs as the employer or co-employer of worksite employees for many purposes, including workers' compensation and state unemployment insurance taxes.
PEO Payroll Benefits
- Multistate Payrolls & Taxes
- Certified Payrolls
- Payroll and Taxes State, Federal & Local Tax Preparation and Remittance
- Unemployment Taxes
- Management Reports
- Online Payroll
- Direct Deposits
- Visa Pay Cards
How Can ELQ Help?
We have been in this industry since 2001 and are experts on everything concerning HR outsourcing. PEOs are all different, and offer varied benefits and options. We work with you to learn your painting company's specific needs and pair you with the proper PEO solution.
Finding the PEO that best fits your business takes time and research. What you can save depends on your current situation, so call today and see how we can help.
