Why Do Utah Employers Use PEO Services?
- Great savings on Utah workers' compensation insurance, with no annual audits and no down payments.
- Complete payroll services to remove liabilities, access to tailored reports, direct deposit and more.
- HR help with employment handbooks, safety and regulatory compliance.
- Affordable benefits, including group healthcare, dental, vision and savings plans.
What Do PEO Services Cost?
Typically, PEOs charge an administrative fee based on your annual payroll that averages between 2-4%. Compared with in house costs of 8-15%, based on the Small Business Administration's (SBA) statistics - PEOs are a bargain! But each provider is different, with unique service and benefit cost offerings.
While one may include background checks, or pre-hire drug testing in their management fee, others may charge on an a la carte basis. This is just one way we can help you through the process.
How Does The PEO Relationship Work?
The PEO becomes your "back office" partner, allowing you to outsource work that takes time and doesn't generate revenue. Also known as employee leasing, PEOs provide complete payroll administrative services, human resource and governmental compliance experts that lower your employment liabilities.
Plus, you can see big discounts on your Utah workers' compensation insurance rates - even with claims issues and high experience modifiers. The employer continues to run their operations as usual. The only changes you'll notice, are lower employment costs and more time for sales, service and growth!
Why Choose ELQ?
Because we've done the research and vetting on hundreds of PEO programs from across the country since 2001, so you don't have to! As nationwide PEO brokers, we know the industry like know one else. It's critical to partner with a provider that understands your industry, needs and the operations of your Utah business.
Just as your business is unique to any other, so is each PEO company. They specialize in different industries, employee size groups, benefit programs and of course costs. Give us a call us and see how outsourcing could benefit you. Questions and quotes are free - and we're here to help.
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