Optimum Employer Solutions has recently surveyed our clients and discovered what they consider the top 5 benefits of a PEO service:
Time to Focus on Their Core Business
PEOs offer their clients a wide range of services including human resource management, payroll services and access to great benefit packages. By providing these critical business services, PEOs can relieve much of the burden of running a business from the business owner. This allows the business owner to be free from worry over human resource functions so they can focus on growing their business.
Reduce Costs/Gain “Big Company” Buying Power
One of the many services a PEO offers is access to great benefits that are usually only reserved for large companies. When the PEO takes on a new client, the small business’s employees essentially become “employees” of the PEO. With a seemingly large number of employees, the PEO becomes a “big company” and has access to great benefit options at a great price.
Attract and Retain Key Employees
Small businesses are looking to hire the best possible employees, just like big businesses. However, small businesses rarely have the ability to compete with the salary and benefits a large business can offer. Luckily, PEOs can level the playing field by offering small businesses access to better benefits like those offered by large companies.
Protect Their Business
By handling business functions like payroll and workers’ compensation, the PEO can ensure that the business is in compliance with all laws and regulations. This frees the business owner from worry over complex laws and regulations that they may not fully understand.
Grow and Survive
Did you know that your PEO can actually help your business grow and survive? Research shows that clients of PEOs are 50 percent less likely to go out of business and are estimated to grow 7-9 percent faster than business that do not utilize the services of a PEO.
As you can see, working with a PEO like Optimum Employer Solutions can offer your small business a wide range of benefits. If you are swamped with tasks like payroll and are currently unable to offer employees a great range of benefits, it is time to look into a PEO service. The team at Optimum Employer Solutions is able to provide you with all of these services and more! If you are interested in what a PEO can do for your business, call Optimum Employer Solutions to find out.