Retaining your best employees is essential to growing your business. But for many small to mid-size companies, employee satisfaction can be difficult to maintain. Benefits can be expensive. Recruiting can be competitive. HR teams are often stretched thin.
Professional Employer Organizations (PEOs) offer a way forward. They give growing businesses access to the kind of HR support and benefit packages that large corporations enjoy—without the large price tag.
The results are significant:
- Businesses that use a PEO have an employee turnover rate 12% lower than comparable non-users (NAPEO 2024 Report).
- Small businesses using PEOs also report 20% higher employee happiness, 30% more employee engagement, and 40% higher employee satisfaction (MetLife EBTS PEO Advantage Report).
In this blog, we’ll look at why PEOs like LBMC Employment Partners make a meaningful difference in employee satisfaction, and how using a PEO can impact your bottom line.
What Employees Really Want from Their Employers
The right HR strategy directly impacts employee happiness. Here are a few of the most important factors employees look for and how PEOs make them possible:
1. Retirement Planning Packages
Employees want to know their hard work will pay off in the long run. Retirement planning is a key part of that. Yet, many small businesses struggle to offer competitive options.
NAPEO data shows that for companies with 10–49 employees, 52% of PEO users offer a retirement plan compared to just 23% of non-PEO businesses. Access to retirement plans makes employees feel more secure by signaling that their employer is invested in their future.
2. Affordable Health Coverage They Can Count On
Health benefits remain a top priority for employees. In fact, 92% of workers say health benefits are important to them, according to a 2024 Employee Benefits Survey. When coverage is affordable and accessible, employees can focus on their work without the stress of medical costs or gaps in care. For many smaller companies, offering high-quality healthcare plans at competitive rates is nearly impossible without the collective buying power a PEO provides.
3. Confidence in Company Stability
Job stability plays a major role in how satisfied employees feel. It’s not just about avoiding layoffs—it’s about believing the company is on solid ground.
NAPEO reports that businesses not using a PEO are 50% more likely to go out of business annually compared to similar PEO clients. That kind of stability matters. When employees know the organization is growing and thriving, they are more engaged and committed to the mission.
The LBMC EP PEO Advantage: Benefits Beyond the Basics
LBMC Employment Partners offers a PEO solution designed to help businesses meet these needs. We connect growing companies with competitive benefits, expert HR support, and the resources to keep employees happy and engaged.
1. Competitive Benefits Without the Big-Business Budget
Many small and mid-size organizations don’t have the resources to compete with larger employers on benefits. Our PEO levels the playing field. We help companies access best-in-class benefit packages at a cost that works for their budget. Our team also guides leaders as they choose the best options to create a strategy that will have the most impact on employee satisfaction and retention.
2. Ancillary Benefits That Make Life Easier
Employees value flexibility and choice. We help employers add options like short-term and long-term disability insurance, life insurance, and 401(k) plans. These can be fully voluntary or partially employer-sponsored. Ancillary benefits allow employees to plan for their personal and family needs with confidence. They also help employers stand out in a competitive talent market.
3. A Dedicated HR Expert in Your Corner
With LBMC EP, every client gets a dedicated HR specialist. That means employees have a direct contact for questions and support. It also means business leaders can focus on running the company instead of managing complex benefit administration. We handle enrollment, carrier requirements, renewals, and filing deadlines. The result is a seamless experience for both employers and employees.
A Stronger Future for Your Team
Better benefits lead to happier teams. Happier teams lead to stronger businesses. Working with a PEO like LBMC Employment Partners makes both possible.
If you’re ready to see how better benefits and high-touch HR support can help your business grow, connect with our team today. We’ll help you explore whether a PEO is the right fit for your needs.
