Why Use A PEO?
Outsourcing payroll, HR and a number of other employment related responsibilities to a PEO allows your Vermont business to be more productive and grow. You'll give yourself more time to work on things that really matter, while lowering costs. PEOs offer the following benefits and services:
- Pay-as-you go, Vermont workers' compensation insurance discounts with no audits and down payments.
- Affordable group health insurance, dental, vision and retirement plans.
- Payroll outsourcing that includes all tax filings, garnishments, direct deposit and more.
- Human resources management to help with employee handbooks, drug testing and governmental compliance issues.
How Does A PEO Service Work?
PEOs utilize what's called a "co-employment" relationship. This means that the PEO performs many of the employment administrative work such as; payroll and employee benefits management, as well as safety and HR services.
By doing this, you unload a number of liabilities and responsibilities onto the PEO provider. As the business owner, you continue to run the day to day operations - but with more time to focus on sales, service and growth.
How Much Do PEO Companies Charge For Services?
Much less than in-house costs. PEOs charge an administrative fee that averages between 2-4% of your annual payroll. Compared with in house costs of 8-15%, based on the Small Business Administration (SBA) statistics - PEOs are a bargain! Understanding your needs and where outsourcing can provide the biggest impact, is just one way we help you through the process.
Your Vermont business is unique and has its own specific needs. Employee Leasing Quotes provides the expertise and guidance to access a PEO program that can best impact your operations. So whether you're a trucking company looking to lower work comp costs, or country club in search of better employee benefits - we can help.
We've done the interviews and vetting on hundreds of PEO companies since 2001, so you don't have to! Call, ask questions and see how outsourcing could benefit your business - we're here to help.
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