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Advantages of PEO’s

Business Growth

By providing payroll, benefits, and HR services and assisting with compliance issues under state and federal law, PEOs allow small businesses to improve productivity and profitability, to focus on their core mission, and to grow.

According to a recent study by noted economists Laurie Bassi and Dan McMurrer, small businesses that use PEOs grow 7 to 9% faster, have 10 to 14 % lower employee turnover, and are 50 % less likely to go out of business.

Access to Fortune 500 Employee Benefits

Through a PEO, employees of small businesses gain access to big-business employee benefit they might not typically have access to as employees of small businesses such as: health insurance, dental and vision care, life insurance, retirement saving plans, job counseling, adoption assistance, educational benefits—even pet insurance.

Assistance from Human Resources Professionals

Most small companies cannot afford to hire a human resources professional. In contrast, almost all PEOs provide access to human resource professionals as a part of their services to small businesses. Through this service, PEOs help small businesses comply with a myriad federal, state, and local employment laws, and help their employees better understand their rights and responsibilities under these requirements.

Powerful HR Technology

PEOs provide modern HR Technology that brings all HR functions like payroll, benefits, and Workers Comp’ into one system. This saves time, improves accuracy, and maximizes efficiency.

PEOs provide services to 173,000 small and mid-sized businesses, employing 4 million people.

 

This represent 15% of all employers with 10 to 99 employees.

Top Reasons Small Businesses Choose a PEO

Access to big-business benefits, at affordable rates, normally out of reach.

Stay compliant with federal, state, and local employment related laws.

Alleviate the burden of HR responsibilities and maximize efficiency.

Gain back time to focus on revenue driving core business initiatives.

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