PEO Advantages
Our buying power gives you “big company” leverage.
Get a Competitive Edge
Your business can gain strategic advantages by participating with our Professional Employer Organization (PEO). In fact, it has been demonstrated that PEO clients actually achieve higher growth rates than other small businesses.
Leveraging the buying power of our PEO, you’ll pay less for more comprehensive benefits – an important recruiting advantage that will differentiate your company with applicants. Because you’ll be offering better benefits than you could on your own (i.e. retirement plans), you’ll find you have high participation rates in the benefits you’re able to offer.
Most small businesses can really only handle the basic HR needs on their own: hiring employees, getting them paid on time, and navigating taxation (including FICA and FUTA) and compliance requirements. By offloading or sharing your employee-related responsibilities with OEM, you can accomplish much for your employees while simultaneously limiting your short and long term liabilities.
Basically when you participate in our PEO, your company and employees get more and better benefits, and your company pays less for them. You can attract and retain better employees, and become a more efficient company as a whole. These are serious competitive advantages for any business.
Competitive Benefits
The competition of today’s talent market is pushing employers to offer more incentives to their employees without dramatically increasing costs. Job candidates pay attention to companies that provide attractive benefits over ones that might not, which is why a PEO can help you stand out. Partnering with a PEO can provide benefits to your employees at a more affordable cost, such as employer-sponsored retirement plans and healthcare options.
Reduce Employee Turnover
Replacing an employee can be expensive, time-consuming, and disruptive to workflow. A PEO can handle HR functions that deal specifically with employee screening, training and hiring, as well as curating a policy handbook to ensure your company is protected. By providing competitive benefits and efficient service, a PEO can help you attract and retain talented candidates to reduce employee turnover rates for your business.
Compliance with Employment Laws and Regulations
Partnering with a Connecticut PEO can help you stay on top of changes that can affect your business’ compliance with employment laws and regulations such as minimum wage regulations, safety/OSHA requirements, workers’ compensation and state unemployment insurance. Having assistance in managing these changes can reduce stress and bring peace of mind knowing that your business is following standards and follows federal and state regulations.
Benefits for Your Business
Lower HR Costs
Cost reduction and containment for HR, administration, and benefits.
Higher Profits
Productivity increases when you attract and retain “star performers” with more comprehensive benefits packages.
Stronger Focus
Your executives stop managing HR administration and start focusing more on managing business growth.
Advantages for Your Employees
More and Better Benefits
PEO packages are competitive with those of large companies: health care, retirement plans, employee assistance plans and more.
Safer Environment
Better workman’s comp controls mean a focus on safety, raising productivity and morale.
More Rewards
Unique compensation and reward programs spur motivation, improve productivity and enhance job satisfaction.
