Benefits of a PEO (Professional Employer Organization)
Business owners and Human Resource Executives know that every cent count. As a business grows, so does the demand for advanced human resource services, but what if there were a way to reduce the load without increasing costs?
As it turns out that is exactly what a Professional Employer Organization can do for you. Sound too good to be true?
Well, it doesn’t have to be.
Here are a few benefits you can expect if you offload staffing and employee benefits tasks to a PEO.
Benefit #1. Reduced Payroll Processing Fees
PEOs use automated software to manage tasks such as W-2s, garnishments and withholdings. However, be mindful when selecting a PEO as some itemize tasks charging a fee per task, whereas a PEO with a flat rate will save you thousands.
Benefit #2. Compliance Assistance
Compliance is an expensive business, or rather failing to comply with federal and state regulations. Is your business fully informed on the ever-changing world of HR compliance? If not, you could pay big fines for easily remedied issues.
Temp agencies and staffing companies, in particular, can fall victim to compliance regulations, but you don’t have to.
A PEO can connect you with a seasoned HR compliance specialist who keeps your business on the right side of the law.
Benefit #3. Discounts on Employee Benefits
Thanks to a large pool of employees from their clients, PEOs can nail down significantly reduced costs for employee benefits.
From vision to dental and general health insurance coverage, PEOs are skilled at getting your company a better price for employee benefits packages.
Benefit #4. Staffing Assistance
Recruiting the best and brightest minds in your industry takes time and money, money you may not have to invest in staffing.
PEOs have access to experienced recruiting experts who can source the pick of the litter for your business at a fraction of the cost for a fully staffed HR department.
At BlueBox Creative Solutions, we bring you all these benefits and more through creative staffing, accounting and compliance solutions. Give us a call to learn how we can help your business succeed.