The Smarter Growth Strategy
Between COVID-19 outbreaks and regulations, ever-changing and complex legal landscapes, and the phenomenon known as “The Great Resignation,” employers may rightfully feel overwhelmed. Businesses must also navigate rising inflation, staffing shortages, and supply chain disruptions. Partnering with Emplicity PEO can be the difference between your business surviving and thriving during these challenging times.
What is a PEO?
A PEO is a Professional Employer Organization that provides Human Resources, payroll, worker’s compensation, and employee benefits to small or mid-size employers. Businesses retain responsibility for their daily operations and strategic goals but alleviate the administrative burden of personnel management. Put simply, it is a co-employment relationship that grants companies access to benefits and services they would not have otherwise.
By the Numbers
Partnering with a PEO can help businesses with employee retention, growth, and cost reduction associated with benefits and personnel management. The National Association of Professional Employer Organizations (NAPEO) estimates that the annual return on investment for businesses that use a PEO is 27.2%. The Association further estimates that companies have a 7 to 9% higher growth rate than businesses that don’t use a PEO and are 50% less likely to shut down operations during times of emergency.
SEE ANNUAL ROI OF
FROM COST SAVINGS ALONE
LESS LIKELY TO FAIL
LOWER EMPLOYEE TURNOVER
There are many benefits to partnering with a PEO, like Emplicity. Below is a snapshot of the services we can provide:
Human Resource Management
Human Resource experts assist employers in multiple facets of HR and compliance. HR assistance might include employee relations and investigations, building HR infrastructure with policies and handbooks, disability management, compliance, and other aspects of personnel management. A PEO is a powerful resource that can help reduce liabilities in many employment law issues.
Employee Benefit Plans
Businesses who choose a PEO can provide employees with access to benefits and 401K plans that are not typically available due to their small size. These benefit programs are cost-effective and comprehensive.
Processing payroll and applicable taxes while up-keeping personnel records can be both time-consuming and costly for businesses. PEOs offer payroll services and robust HR technology to support businesses.
Worker’s Compensation Insurance and Claims Management
Businesses that choose a PEO remain responsible for worksite safety and compliance but have access to worker’s compensation and risk management experts. By partnering with a PEO, businesses can reduce claim costs and mitigate risks that could lead to expensive litigation.
The Bottom Line
When every cent counts, partnering with a PEO, like Emplicity, is a smart growth strategy. PEOs can help businesses lower employment costs and increase their bottom line. As a business grows, management may not have the expertise or training to develop and build its human capital. By arming employers with tools and resources to manage their employees effectively while remaining compliant with state, federal, and local laws, PEOs allow employers to focus their time and energy on being a business.
Learn More About Our Services
Since 1995, Emplicity has provided a smarter, more secure, and integrated platform of employer services to its 300 business clients and their 8,500 employees. As a Professional Employer Organization, or PEO, the California-based HR outsourcing firm simplifies the compliance, administration, and support businesses need in the areas of employee benefits, payroll, and human resources technology.
NOTICE: Emplicity provides HR advice and recommendations. Information provided by Emplicity is not intended as a substitute for employment law counsel. At no time will Emplicity have the authority or right to make decisions on behalf of its clients.