PEOs Allow Business Owners to Offer Comprehensive Employee Benefits at Affordable Rates
In a job market with low unemployment, labor trends show business owners making competitive and comprehensive employee benefits programs a top priority to attract and retain good employees. When employees are healthy, the business benefits. Preventive care and affordable access to health care prevents employees from taking extended periods of sick leave, allowing business to be more productive and profitable. Employees who feel supported mentally and physically also tend to stay with a company longer.
However, few companies, especially small businesses, can efficiently employ enough staff to support a strong benefits program, and even if they can, the cost is steep and should be weighed against the option of having a complete PEO Benefits Department. 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.