What are the six warning signals that it is the time to consider using a PEO?
- The management style has become passive.
- Competing companies are wooing your employees with five-star benefit packages.
- Realize the impact of a poor performer only after he takes medical leave.
- The company has been fined or penalized for compliance violations.
- Employees quit on short notice.
- Spend much time on thinking about the mountain of things to keep up with in the realm of payroll and compensation.
What are the benefits of using a PEO?
- Better benefits package options for employees.
- Comprehensive legal guidelines and supports for protection.
- Support Human Resources managers on a professional level.
- Facilitate operational support to concentrate on core business.
What are the risk issues that a PEO can solve?
The burden of the health and safety of employees can overwhelm a company since pain and injury can occur in the workplace. The law mandates employers to provide workers compensation insurance programs. A good solution for small businesses is to resort to a PEO company for spreading the risk of potential individual harm and corporate expense:
- Guide safety regulations to prevent loss.
- Contain cost during the employment process.
- Educate on the importance of risk management.
What are the benefits of working with a third-party firm?
Finding the right solutions for a particular business problem can be difficult and time consuming for many business owners. Companies may be unsure about their specific needs or how to decide the coverage that has the right experience to match their issues. Working with a 3rd-party firm, like Lions Financial, can have many benefits:
- Help customers through the process to find the right coverage.
- Pricing analysis with multiple PEO carriers.
- Match the company with a qualified solution of coverage quickly and efficiently.
- Take the pressure off of the company owner or administrator.
