A Professional Employer Organization, or a PEO, is a company that partners with small businesses to assist in an array of services including benefits, healthcare, human resources, and payroll. In today’s competitive marketplace, it can be a challenge trying to handle everything yourself. This is why many businesses turn to PEOs. When you enter this unique co-employment relationship, you’ll have more time to focus on what’s really important: running your business.
A PEO can help you in the following areas:
- Benefits Administration
- Insurance Plans
- Payroll Administration and Processing
- Workers’ Compensation
- New Hire Reporting
- Training & Development
- Tax Compliance
- Unemployment Insurance Filing
- And More!
At Sensible Benefits, we’re proud to offer PEO services to small and large businesses across the country. We specialize in insurance and employee benefits, and we tailor our services to meet your exact needs. If you’re interested in learning more about our services, schedule a no-cost, no-obligation consultation today.
Now, let’s take a look at how a PEO can benefit your business.
Save Time On Administrative Tasks
If you’re overwhelmed by having to manage all of the facets of your business, partnering with a PEO can save you time. PEOs can assist you with a variety of administrative work, such as employee benefits, onboarding, claims, and paperwork. If you’re already doing these things on your own, you already know how time-consuming these tasks can be. Once you hand off these responsibilities to a PEO, you’ll not only have more time on your hands to work on what you love, you’ll be able to manage other areas of your business.
Stay On Top Of Government Compliance
Staying on top of government compliance can be cumbersome, especially if you’re new to the world of HR and payroll benefits. When you work with a PEO, they will be responsible for staying up to date on the various federal and state labor laws. This will allow you to avoid hefty government fines down the line.
Offer Stellar Employee Benefits
With PEO-sponsored benefit plans, your employees will have more options when it comes to medical, dental, and vision benefits. This means that your company will have access to a bigger pool of benefits, which will make your employees happy. This can also include things like retirement plans, life insurance, and disability insurance.
Attract & Retain Top Employees
If you’re concerned about retaining quality employees, partnering with a PEO can be a huge help. This will enable you to offer more comprehensive benefits packages for less money, which may include discounted memberships. This will help you create a safe and happy workplace that your employees will appreciate, which can have a positive impact on your employee turnover.
If you’re interested in partnering with a PEO, contact Sensible Benefits today. Our company can help you effectively manage your healthcare supply chain, helping you to uncover significant cost savings to grow your bottom line. If you’re interested in learning more about our innovative health insurance and employee benefits solutions, reach out to our professional and friendly team today.