We provide access to various programs to safeguard employees and minimize financial losses from workers’ compensation claims. Imagine how much more you could accomplish if you weren’t bogged down by the day-to-day grind of HR administration. Partnering with a PEO allows you to hand off many of these time-consuming responsibilities. Tasks like payroll processing, benefits administration, onboarding paperwork, and managing employee inquiries can all be expertly handled by your PEO partner. This frees up you and your internal team to concentrate on core business activities—like developing new products, serving your customers, and strategic planning.
Plus, these businesses are about 50% less likely to go under, and they often experience a reduction in employee turnover by as much as 14%. Think about the significant expenses tied to high turnover, like recruitment and training. Reducing these can lead to substantial savings, turning your PEO investment into a driver for success. When you’re considering partnering with a Professional Employer Organization (PEO), the cost is naturally a key factor.
The recession of 2006 through 2012 has forced many small and medium sized companies to close their doors. New start-up companies often hire a PEO since they get turn key insurance HR administrative services. According to this research only 43% of businesses started advanced peo solutions in 2005 were still in existence five years later. Since new businesses often hire a PEO, it can be inferred that any PEO with a five year retention rate over 43% is adding value and expertise that helps start up companies survive and prosper.
Smooth Payroll and Tax Handling
Other warning signs include consistently negative reviews, a lack of experience relevant to your industry, or overly aggressive sales tactics. Regulatory compliance and risk management expertise help protect your business from legal and financial pitfalls. PEOs are answering the call and helping their clients develop new business strategies, support diversity and inclusion initiatives and mitigate the workplace effects of COVID-19. APS handles all payroll management tasks, ensuring businesses comply with federal and state tax laws.
Relying on PEO solutions for help with regulatory compliance
New skillsets and deepened relationships between PEOs and their clients are here to stay. As laws change or the workplace shifts, businesses will rely on their co-employment partner to meet the next challenge. PEOs, to their credit, have shown they’re capable of pivoting when circumstances call for it, regardless of how their clients or the world around them changes. As business partners, PEOs are instrumental in helping employers comply with new legislation and regulatory changes. Historically, business owners sought a PEO to alleviate payroll and other administrative tasks. But the rise of social media and a 24/7 news cycle has put employers under greater public scrutiny, causing them to look to their co-employment partners for assistance with more than just HR.
Employees at Advanced PEO Solutions, LLC
We provide advanced solutions across multiple categories, including payroll management, HR administration, employee benefits, workers’ compensation, and beyond. Discover how Advanced PEO Solutions can streamline your operations and drive your success. Insperity focuses on delivering a comprehensive suite of HR services, including payroll, employee benefits, and risk management, all while emphasizing personalized support. A key aspect of Insperity’s approach is providing businesses with dedicated HR specialists. This means you get a consistent point of contact, someone who gets to know your business and can offer tailored advice when you need it. This focus on personalized service helps businesses not only manage their HR processes efficiently but also ensures they stay on top of evolving labor laws and regulations.
Lighten Your Administrative Load
- APS handles all payroll management tasks, ensuring businesses comply with federal and state tax laws.
- Imagine having seasoned HR professionals ready to help you with more than just paperwork.
- As President and CEO, Kelly now leads with vision and integrity, overseeing all facets of its operations.
- Be prepared for some initial groundwork; it’s an investment that pays off by ensuring everything runs smoothly from day one.
Our broad array of HR consultation services comprehensively addresses individual client and employee needs. We effectively handle potential employee relations challenges, offering guidance to address general employee concerns and specific issues for managers. If I partner with a PEO, does that mean I won’t need any internal HR staff anymore?
Key Questions for Potential PEOs
Only businesses who have registered with StaffMarket and engaged one of our member PEOs are invited to submit their ratings and comments. No trolls or bogus self promotion is allowed and all reviews have been verbally confirmed with our staff.
If you have questions about any PEO you are considering, contact StaffMarket and one of our analysts will be glad to assist you. We are closely monitoring this situation and will provide updates to help our clients navigate any changes. Kelly began his industry journey in 1989 with the nation’s largest privately held PEO in Bradenton, Florida. There, he excelled in marketing group and individual insurance programs and earned numerous awards as a top producer.
Access Insights for Millions of Other Companies
- Once you’ve selected the PEO that feels like the right fit for your business, the next stage is all about getting set up and ensuring a smooth transition.
- The StaffMarket.com website provides a directory of information about companies operating in the Professional Employer Organization industry.
- For example, they might have a deeper understanding of OSHA requirements in manufacturing or typical benefits packages in the tech sector.
- We provide health and wellness benefits administration and our licensed Benefits Specialists assist employees one-on-one, explaining programs and costs.
That reclaimed time can be poured directly into growing your business, which often makes the investment pay off significantly. APS boosts your business by offering your employees the same benefits as larger companies, helping you attract and retain top talent. We provide health and wellness benefits administration and our licensed Benefits Specialists assist employees one-on-one, explaining programs and costs.
This integration can lead to significant efficiencies and reduce manual data entry, making it a strong choice for companies that value cutting-edge HR technology and a unified systems approach. When you streamline your HR functions, offer competitive benefits, and minimize compliance risks, you create a solid foundation for growth. Studies have shown that businesses partnering with a PEO tend to grow 7-9% faster than those that don’t. By handling the essential but often distracting HR tasks, a PEO allows you to focus on strategic initiatives that drive expansion. Keeping up with the complex web of employment laws and regulations can be a daunting task for any business owner.
His dedication to staying ahead of industry trends and regulatory changes positions APS as a leader in the PEO space. In 2013, Kelly joined Advanced PEO Solutions, bringing his extensive experience and expertise. In 2022, he made a significant leap forward by purchasing the company from his former business partner. As President and CEO, Kelly now leads with vision and integrity, overseeing all facets of its operations.
PEOs work to keep insurance and employment risk costs in check and may terminate clients who do not assist with those objectives. When you start exploring advanced PEO solutions, you’ll find a variety of providers, each with its own strengths and specializations. It can feel a bit like walking into a giant department store – so many options, where do you even begin? The key is to find a PEO that truly aligns with your business’s unique needs, your industry, and your company culture. Think of it like finding the perfect business partner; you want someone who gets you and can genuinely help your business thrive.