It’s been almost 30 years ago now that employee leasing services also known now as Professional Employer Organizations or PEOs were revolutionized to transform the way businesses operate. In short, the basic problem and solution was that you start a business in order to sell a product or provide a service in hopes of generating revenue.
Then you quickly discover the necessary but time-consuming issues of payroll administration, employee and workers’ compensation insurances, personnel management and governmental compliance issues. All non-income producing work that prevent a business from maximizing profitability!
An employee leasing service eliminates these problems while providing powerful business benefits!
Employee leasing services process and deliver payroll to your office, they assume liability of all your state and federal payroll tax deposits, submit quarterly and year-end reports, even mail out W-2s and wage garnishments - all for less money than you can typically do on your own!
Workers’ compensation insurance benefits include big discounts (up to 30%) compared to traditional carriers and the state fund. You’ll also have the advantage of a zero down, pay-as-you-go policy that eliminates the hassles of time consuming audits.
Plus, you become part of a large buying group that gives you access to big company benefits at reduced rates. While there are many more advantages of using employee leasing services, cutting employee related expenses, while giving you the freedom and time to generate income for your company are the core benefits of a PEO.
The idea and concept seem simple and make sense in today’s business environment as we’ve become accustomed to outsourcing more services that add nothing to the bottom line. Think about it, business owners now regularly lease or outsource things such as tools, equipment, office furniture, copiers and printers – even labor.
Over the last thirty years these opportunities have continued to multiple as our time holds more value and the benefits just make sense. There’s a reason why employee leasing services continue to experience double –digit growth each year. Similar to paying our bills online or combining phone, cable and internet providers for one easy check to write, are you ready to investigate the advantages an employee leasing service may have on your business?
Mike Burgelin
1-888-582-8388
www.EmployeeLeasingQuotes.com