What is a PEO?
PEO, stands for Professional Employer Organization - also known as employee leasing. Started in Florida in the 1970's, PEOs were designed to outsource employment administrative work, or non-revenue generating tasks. This allows the business to completely focus on work that produces growth and profits!
What Are the Benefits of Using a PEO Company?
The benefits of using a PEO for your Sunrise operation, include huge savings on Florida workers' compensation insurance, access to Fortune 500 employee benefit programs and outsourcing payroll administrative work. PEOs and HR outsourcing reduces your employment liabilities, gives you time to work on growing your business and actually costs less than you could do it on your own!
How Much Does a PEO Service Cost?
A good estimate is 2-4% of your annual employee payroll. For example, if your payroll is $200k, a 3% administrative fee would be $6k. Eliminating the need for payroll check stock, updated payroll programs and accessing professional human resource and risk management help - makes outsourcing these tedious issues an incredible return on the investment.
Why use ELQ?
As the nation's leading PEO brokerage since 2001, Employee Leasing Quotes gives you the information and pricing to make an informed decision. Just like your business, each PEO company is different, offering unique benefits, services and of course costs. Your Sunrise business will have specific needs to be addressed for maximum impact. So whether it's savings on work comp insurance, improving your employee benefit package, or maybe it's just time to outsource payroll and HR management. Give us a call, ask questions and get answers that make sense. We're here to help!
