PEO Options

P. E. O. options that are available for the small (10+ employee) to medium-sized (100+ employee) employer, can improve your ability to attract and retain quality employees by significantly expanding your choice of available benefits, reducing the costs of those benefits, and providing cost effective payroll, workmens compensation, and HR advisory services. A P.E.O. is an acronym for a Professional Employer Organization, and is defined as a 'co-employment' arrangement between you and a third-party organization. While not suitable for all employers or situations, in many instances we can develop cost-effective solutions for employers seeking to out-source payroll administration and HR, while lowering workmens compensation and benefits costs, all while retaining your flexibility as an employer. How do we do this? By combining the best parts of a traditional insurance and HR consultancy with a low-cost, nationwide employee leasing organization that we have partnered with, which provides for more efficient pooling of risk and flexibility of plan design, not limited to state-regulated group health insurance.

BACKGROUND: PEO's work in ways similar to traditional employee leasing, but you retain complete control of your employees. The obvious advantages of human resources management, benefits management, payroll and other services which a PEO brings to the smaller employer merit serious consideration.

The cost per employee is the key to an effective PEO program. Some PEO programs are not cost effective - many PEOs have exorbitant marketing costs, which must be borne by the client, for example. Many PEO's don't allow you to opt out of services or features that you can get on a more cost-effective basis outside of the PEO umbrella. And very few PEO's break out their cost structure - they 'bundle' the services, making it almost impossible to make an apples-to-apples comparison between what's offered through the PEO and what's available elsewhere, or are available independently. Using a professional benefits advisor, either on retainer or paid through commission, to help you evaluate your choice is a smart idea.

For the employer who is interested in a professional consultation about PEOs and other alternatives, email us below or call our offices at 303-422.1660 for a free initial consultation.