A professional employer organization (PEO) provides comprehensive HR solutions for small and mid-size businesses. Payroll, benefits, HR, tax administration, and regulatory compliance assistance are some of the many services PEOs provide to growing businesses across the country.
According to the National Association of Professional Employer Organizations (NAPEO), small businesses that work with PEO’s can grow 7 to 9 percent faster, have employee turnover that is 10 to 14 percent lower, and are 50 percent less likely to go out of business. The return on investment of using a PEO, in costs savings alone, is on average 27.3 percent.
1. Strategy Review Application
We streamline the complex process of quoting the PEO marketplace to save you time and frustration. One form that is simple and easy to fill out. We do the rest.
2. Business Needs Analysis
By conducting a business needs analysis, we can determine if a PEO solution is viable for your business but more importantly, determine the best and most capable PEO from a growing number of PEO solutions. We align the needs of your organization and the abilities of our partner PEOs to analyze which PEOs in the marketplace to request proposals from.
3. PEO Comparison
Doing competitive analysis of the PEO marketspace and comparing PEO proposals, while vital and crucial, can be complicated and time-consuming. Once proposals are generated by the selected PEOs we prepare a customized PEO Matrix Analysis Report for each client. This helps to navigate the financials of the decision and more effectively analyze the competitiveness of each PEO.
4. PEO Implementation
Implementing a PEO can be complex and requires a delicate implementation strategy. Rely on our wisdom to guide you step by step through a successful launch of your new PEO relationship. Our guidance does not stop after the transition as we remain actively involved in the ongoing relationship with your PEO.
Is it time to terminate your PEO ? Our wealth management, business insurance and benefits divisions can help companies make an informed decision by comparing your current PEO relationship to non-PEO solutions for your group benefits, payroll, workers compensation, 401(k), and other HR related services all under one integrated transition strategy.