What is a Wisconsin PEO Company?
A PEO, also known as a Professional Employer Organization, is a one stop solution for small and midsize businesses. PEO providers manage all payroll paperwork and employee benefits administration, as well as a wide range of human resource tasks.
When this time consuming work is outsourced, it frees the business to focus on growing and maintaining their core business. The employer continues control over the day-to-day functions of the business. The only changes you'll notice are lower employment related costs and more time profit producing tasks.
Some of the responsibilities that the PEO will handle include:
Workers' compensation administration
- Unemployment claims
- Section 125 plans
- Human resource management
- Employee benefits administration
- Complete payroll processing
Plus, save up to 40% on Wisconsin workers' compensation insurance pricing compared with state rates and gain access to big company employee benefit plans.
What Type of Businesses Use PEOs?
Any business can find value these services. Currently, PEOs work with between 156,000 and 180,000 small and mid-size businesses, employing between 2.7 and 3.4 million people.
What are Companies Saying About Using a PEO?
According to a recent study by noted economist McBassi & Company.
- 70% have reported their revenues have increased since using a PEO.
- 98% would recommend a PEO to a small business colleague.
- 50% are less likely to go out of business.
- Experience 23%-32% less turnover.
- 66% reported their profitable has increased since using a PEO.
As the nation's leading PEO brokerage since 2001, ELQ is the easiest way to access the right company for your Wisconsin operations. For 20 years, we've researched and interviewed hundreds of PEO providers, understanding their industry preferences, services and costs - so you don't have to.
From staffing firms, to country clubs - every business comes with it's own set of unique challenges and needs. So, whether it's outsourcing payroll services, or reducing work comp rates, there may be only one PEO company that can provide the impact you need. Call today, ask questions and get answers - we're here to help.
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