If you run a small business, you understand a challenge. You know the hard work, dedication, commitment, frustration, and everything else that goes into starting a business and helping it grow. You are focused on the important matters—being the problem solver, leader, and being a business owner overall.
With so much already on your plate, why not let someone else handle the other matters for you? HR outsourcing is an affordable and effective way for small business owners to spend more time to focus on the important matters. A PEO, or Professional Employer Organization, works with businesses to manage different tasks, including HR, allowing for more important matters to be the employer’s main focus.
At Rittenhouse Benefits LLC, we can help set you up with a PEO that can help you focus on growing your business. PEO can help small businesses obtain access to benefits that are otherwise out of their reach. PEOs can allow you more time for your business and help you save money.
But how can a PEO do all of these things?
Saving You Money
PEOs can save you and your business money by offering group rates for benefits, allowing them to get better and more affordable benefits for you. These group rates allow for a reduced premium, by about 10 to 15 percent.
With HR outsourcing, a PEO can save you money in several different ways. According to Insperity, there are seven ways:
- Medical Benefits
- Retirement Plans
- Workers’ Compensation
When you have a PEO take care of your HR tasks, you are not only saving money in all the areas listed above, but you are also saving time! Time to work on your company, time to focus on improving every aspect of your business plan, and time to help it grow.
Why Should You Use A PEO?
Many business can thrive with the help of a PEO, here are some factors that can help you determine if your business would. First, consider the number of employees. If your employees range from ten to 100, a PEO would make sense for your business. The second factor is how many benefits you want to offer. PEOs can offer a wide range of benefits for your employees, giving them what they need at a lower cost. The third factor is whether or not your need help in HR related tasks; if so, than HR outsourcing would definitely help you.
If all of these factors sound like your business and your needs, then you will want to consider getting a PEO for HR outsourcing. This could help your business, allowing you to spend less time worrying about HR tasks and giving you more time to focus on your business. Give yourself a chance to grow your business, get help with HR tasks by hiring a PEO.
Rittenhouse Benefits LLC can help you get set up with a PEO, contact us today to get started. Give your business a chance to grow, spend more time focusing on the important stuff, and let a PEO take care of the other things.