Business Owners Can Offer Comprehensive Employee Benefits at Affordable Rates When Using a PEO
In today’s market, with the low unemployment rate, labor trends are showing that business owners are making competitive and comprehensive employee benefits programs a part of their strategy to attract and retain good employees.
Unfortunately, very few companies, especially if they are smaller, can afford the staff required to support a strong benefits program. Working with a Professional Employer Organization (PEO) for group health insurance and other employee benefits allows business owners to offer health coverage without sacrificing as much time or money as they would spend to figure out how to administer a benefits program on their own.
Popular Benefit Trends of 2018
- FSA (Flexible Spending Accounts)
- Health for the Family
- Retirement Options
- Paid Time Off
- Life Insurance
- Short and Long-Term Disability
A PEO can combine employee benefits program, payroll, workers comp, human resources and more, all under one umbrella. This process not only saves time for business owners, but money as well. PEOs are connected in the industry and can find the best combination of programs for business owners and their employees.