What a Professional Employer Organization Can Do For Your Business

Part 6: Summary

In Part 1 of this 6 part series of articles we discussed the basics of what a Professional Employer Organization or PEO is and its main benefits.  Part 2 discussed payroll and tax administration.  Part 3 discussed human resources services.  Part 4 discussed Safety and Risk Management services.  And in part 5 we covered the Benefits Management services offered by a good PEO. This, the final installment of the series is a summary of the PEO concept.

It is my firm belief that the most direct route to business success is the ability to coordinate and tap the knowledge of a “Master Mind Group”.  An intimate look at high ranking politicians or the heads of Fortune 500 companies reveals that their success comes from their ability to effectively use an expert group of advisors.  You won’t find these leaders hiring the “bottom bidders” or the most affordable staff they can find.  They know the value of surrounding themselves with the best minds possible.  This is the value a good PEO offers businesses.  And, not only does the business benefit from partnering with an expert HR staff, it many times receives this benefit at a savings over their previous costs. After all, your time should be spent doing what you do well, running your business.  Let the PEO make employing easy and make your business more profitable.  The PEO partnership can truly be a win-win for your business.  Turns out you can have your cake and eat it too!

As a final note it is advisable that you ask your PEO how they fare in comparison to other PEO’s when it comes to competitive pricing.  Some PEO’s may break their quote into several categories in an effort to show pricing that looks better than their competition.  When comparing PEO companies it is best to have them quote you one cumulative average number as a percentage of payroll so that you may easily compare a real world number from PEO to PEO.  Have the numbers explained to you and ask about additional charges that may be added for services that are not included in the number quoted to you.  You will find some PEO’s have a myriad of additional fees which may be charged on top of the number quoted to you.  Simplicity is usually best and a PEO that gives you a simple to understand quote with a limited number of figures and a limited number of “extras” will usually make you much happier in the long run.  This is provided that they have experience, history, and a good number of employee’s under management.

If you have any questions or you would like a no cost consultation to see exactly how the PEO relationship will help you, simply send me an email.  I will be happy answer your questions and give you the information that will help you make an informed decision.

-Eric Snethkamp Eric@ExpertPEO.com

Eric Snethkamp is based in Austin, TX and he specializes in PEO services, life insurance and insurance based retirement products.  For any questions or comments, to discuss how PEO services could benefit your specific company, or to request a free no obligation proposal or quote for your group he can be reached by email at Eric@ExpertPEO.com.