make a good business better

Blog Employment Partners

Print Divider Print Divider Branding
 

What to Look for When Choosing a PEO Company

01/27/2017

Share

Social Logo Social Logo Social Logo Social Logo

If you own or operate a business, especially one that's growing, you can definitely attest to the ever-evolving complexity of managing employees. With the daily human resources tasks involving payroll, healthcare, training, and benefits (just to name a few), it can take a lot of time and attention to make sure you are attending to the needs of your team. 

That’s where a Professional Employer Organization (PEO) like LBMC Employment Partners enters the picture. A PEO is a co-employment relationship; meaning LBMC Employment Partners optimizes a wide array of human resources services to best serve you and your business. 

What are the Benefits of a PEO? 

The major benefit of being part of a PEO means that no matter the company size, your employees will be part of a larger pool, giving you lower benefits costs and a lower cost per employee for all human resources services. From benefits, payroll, risk management, and many other aspects of employee administration, you’ll have experienced HR professionals working on your behalf.

If you want to obtain and retain the best and brightest candidates, it’s important to have solid HR practices in place. LBMC Employment Partners can manage these daily HR tasks through multiple PEO services, including compliance management, wage garnishments, payroll processing, healthcare, retirement and so much more

What Industries are Using PEO Services? 

The ease and efficiency of using PEO services continues to gain appeal for businesses of various industries and sizes. Though the use of PEO services are more common among startup companies and small to medium businesses, larger companies are also finding many benefits to using PEO services when it streamlines insurance, payroll and retirement benefits administration. 

Among the types of industries that have found value in PEO services are healthcare, technology, construction, and finance. The popularity of PEO companies continues to show growth each year, and with the passage of the Small Business Efficiency Act (SBEA) in 2014, the industry is well-positioned to grow even more in the days ahead. 

Want to learn more about the popularity of PEO industry? Wondering if a PEO is the right model for your company? We’d love to answer your questions and discuss how we can customize a plan that best fits your business. Contact us today!

Learn more about our PEO.