Focus on Growing Your Business With Professional HR Support

JUNE 6, 2023

Limited personnel and budget often make it difficult for employers to keep up with the daily demands of human resources and benefits management. These challenges can also make it tough for businesses to compete with other larger organizations for talent and customers.

USI Insurance Services can assist organizations that want to expand their HR and benefits offerings by assessing the value of a professional employer organization (PEO). USI offers expertise in evaluating the many PEO options available and will assist in selecting a program that meets an employer’s unique needs.

How Do PEOs Support Small Businesses?

PEOs are outsourced firms that can provide smaller businesses access to the same benefits and amenities available to much larger organizations, including:

Full-Service HR Support: Depending on the arrangement, PEOs generally take on the responsibility of routine and often redundant administrative tasks, leaving business owners time to focus on core competencies and growing the bottom line. Partnering with a PEO can save employers an average of 27% on HR-related costs, or up to $1,775 per employee per year.

Expertise On-Demand: Many PEO organizations have HR, employment law, and accounting professionals on staff, allowing employers access to valuable expertise and reducing exposure to liability without the overhead expense of hiring and maintaining additional departments.

Benefits and Benefits Administration: In addition to managing employee benefits programs and associated administrative tasks, PEOs can provide businesses access to richer and more affordable benefits such as 401(k) plans, health, dental, life and disability, and other insurance. PEOs also pool resources and negotiate better group rates, helping employers offer more competitive benefits at a lower cost.

Risk Management: PEOs help employers manage risks related to employment, such as workers’ compensation insurance, liability insurance and workplace safety programs.

Before contracting with a PEO, take the time to understand your needs and the service offerings different vendors can provide.