What is a PEO?
Business growth makes human resources more complex and time-consuming. Without expert assistance, companies can find themselves spending more time on HR administration than they do on revenue-driving activities. According to NAPEO, small businesses that use a PEO:
Businesses face multiple risks including Workers’ Compensation claims and lawsuits can result in lost time and money, lower employee morale.
Spend too much time and energy on administrative tasks like payroll processing, benefits administration and safety programs, and you’ll lose focus.
Costs such as Workers’ Compensation insurance, unemployment insurance, payroll processing and group health insurance can really cut into your profitability. Lack of expertise in managing these areas can result in fines, penalties and litigation as well as rising rates and needlessly excessive costs.
Attracting and retaining the best people often comes down to the benefits you offer. Keeping your people happy can help prevent talent shortages and turnover headaches. In your business, the monthly cost of a comprehensive, ACA-compliant benefits program can be enough to put you out of business.
We provide services the way you want them delivered. We can help you select the best PEO program for your organization. You will get the ideal mix of expertise and personal attention. We offer consulting services to provide a more intelligent and comprehensive approach to address your human capital needs. Contact us for an introductory discussion.
Get in touch to see how Novus can help you!