Benefits of Using a PEO
A PEO company allows you to outsource work that doesn't generate a dime of revenue and save money on employment related costs at the same time. So, what are the benefits?
- Payroll outsourcing services for less than you could do on your own.
- Big discounts on a Louisiana workers' comp insurance, with no audits and little to no down payments.
- Human resource assistance managing unemployment claims, governmental compliance issues and more.
- Access to great employee benefit plans for even small business owners.
PEO Employee Leasing History
Started in the 1970's and still known as employee leasing, the term PEO, or Professional Employer Organization was coined in the late 1990s. The concept was simple. Create a business where small to mid-sized business owners could outsource their employment related functions - to focus on sales, service and the growth of their business.
How Many Businesses Use A PEO?
As of 2017, PEO companies work with between 156,000 and 180,000 small and mid-size businesses, employing between 2.7 and 3.4 million people. That total represents the same combined number of employees for Walmart (United States only), Amazon, IBM, FedEx, Starbucks, AT&T, Wells Fargo, Apple, and Google.
What Are the Costs For PEO Services?
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, prevailing wage reports, employment practices liability insurance, or on-site safety training. Accessing the right PEO fit for your Alexandria operations is just one way we help.
Workers' Comp Benefits with a PEO Include:
- A rated carriers.
- Easy certificates of insurance.
- Return to work programs.
- Safety programs.
- OSHA compliance.
- Pay-as-you go plans that increase cash flow.
- No annual audits.
Why ELQ?
Unloading employment paperwork and liability issues makes good business sense. As the nation's leading PEO brokerage since 2001, Employee Leasing Quotes is the easiest way to find the right company for your business. With so many providers to consider, there may be only one that fits your needs.
We've done the research and background work for 20 years now, so you don't have to! Give us a call and get independent, unbiased answers to your questions - we're here to help.
