Competition can be fierce among businesses. It’s important to have focus and be able to dedicate time and resources to continually stay on top. The less time a business owner or its employees can spend on non-revenue generating tasks, the more time they can spend on growing their business.
“PEOs provide payroll, benefits, tax compliance, and other HR services to small and mid-sized companies. Approximately 250,000 businesses use PEOs, and PEOs provide access to healthcare coverage for as many as 6 million people. Through PEOs, the employees of small businesses gain access to employee benefits such as 401(k) plans; health, dental, life, and other insurance; dependent care; and other benefits typically provided by large companies.” – PR Newswire
“It’s very simple: Small businesses that use PEOs grow 7-9 percent faster, have employee turnover that is 23-32 percent lower, and are 50 percent less likely to go out of business than companies that don’t use PEOs,” said Pat Cleary, NAPEO’s president and CEO. “This proves through hard data the value proposition of PEOs.”
When it comes to choosing a PEO, you have many options. You can go direct to the various PEO’s or use a Broker to help you choose the right PEO for you and negotiate on your behalf. Using a broker doesn’t cost you anything! It only helps you. PEO brokers get paid by the PEO. There are also PEO Brokers groups, like Bridgely Key Options. They work with many brokers and insurance agents to help them navigate the PEO sales process. These PEO Broker groups have several advantages over individual PEO brokers. To learn more about how a PEO Broker group can help you, contact us and let us help you get started.