Cost Efficiency

BridgeGap PEO Brokers offers expert guidance and knowledge that can significantly benefit a company in various ways. Here are some key areas where their expertise is particularly valuable:

1. Negotiating Better Rates

  • Group Purchasing Power: BridgeGap PEO Brokers can leverage their relationships with multiple PEOs to negotiate better rates on health insurance, retirement plans, and other employee benefits due to the larger pool of employees aggregated across our client base.
  • Competitive Bidding: We can facilitate a competitive bidding process among PEOs, ensuring that your company gets the best possible pricing and terms.

2. Reducing Administrative Costs

  • Efficiency Gains: By outsourcing HR functions to a PEO, companies can reduce the need for a large in-house HR team, lowering payroll costs associated with HR staff.
  • Technology Savings: PEOs provide access to advanced HR technology platforms, reducing the need for companies to invest in costly HR software and systems.

3. Mitigating Risk and Compliance Costs

  • Avoiding Penalties: PEOs help ensure compliance with employment laws and regulations, reducing the risk of costly fines and legal fees associated with non-compliance.
  • Risk Management: PEOs provide risk management services, such as workers’ compensation and safety training, which can lower insurance premiums and reduce workplace injuries.

4. Improving Employee Retention

  • Enhanced Benefits: Access to better benefits packages can improve employee satisfaction and retention, reducing turnover costs such as recruiting, hiring, and training new employees.
  • Professional Development: PEOs often offer training and development programs, which can increase employee engagement and reduce turnover.

5. Streamlining Payroll and Tax Administration

  • Payroll Accuracy: PEOs handle payroll processing, reducing errors that could lead to costly mistakes or penalties.
  • Tax Compliance: PEOs ensure accurate and timely tax filings, helping businesses avoid penalties for late or incorrect tax submissions.

6. Economies Of Scale

  • Shared Services: By pooling resources with other businesses, companies can benefit from the economies of scale that PEOs provide, leading to lower costs for HR services and benefits administration.

Summary

Using BridgeGap PEO Brokers can lead to significant cost savings for your company by negotiating better rates, reducing administrative and compliance costs, improving employee retention, and streamlining payroll and tax administration. By leveraging the expertise and relationships of BridgeGap PEO Brokers, your business can access high-quality HR services at a lower cost, ultimately contributing to the company’s bottom line.

Speak To Our Experts 832.431.2037 or Request A Quote

Knowledge – Integrity – Transparency

Helping to empower your Business – our mission, vision, and Strategy

The mission of BridgeGap PEO Brokers is to empower your business by delivering expert guidance in selecting and managing PEO partnerships, ensuring cost savings, operational efficiency, and compliance – all while maintaining the highest standards of unwavering integrity, transparency, and professionalism.

The vision of BridgeGap PEO Brokers is to be the trusted partner for your business, empowering your company to thrive by providing expert guidance, innovative solutions, and unmatched integrity in PEO selection and management.

The strategy of BridgeGap PEO Brokers combines a client-centric approach, market expertise, comprehensive evaluation, transparent communication, long-term partnerships, and cost efficiency to be your trusted partner for PEO selection.

Email us for inquiry:

jblue@bgpeo.com

jblue@bgpeo.com

Example Scenario

Consider a small manufacturing company with 50 employees. The company is looking to reduce HR costs and improve compliance. Here’s how BridgeGap PEO Brokers can help:

1. Negotiating Better Rates:

  • BridgeGap PEO Brokers finds a PEO that can provide more affordable health insurance plans by leveraging their larger employee pool.
  • We negotiates lower rates for other benefits, such as dental and vision insurance.

2. Reducing Administrative Costs:

  • The company can reduce its in-house HR team from three employees to one, saving on salaries and benefits.
  • The PEO provides an integrated HR technology platform, eliminating the need for the company to purchase separate HR software.

3. Mitigating Risk and Compliance Costs:

  • The PEO ensures compliance with OSHA regulations, reducing the risk of fines and legal issues.
  • The PEO provides workplace safety training, which helps lower workers’ compensation premiums.

4. Improving Employee Retention:

  • Enhanced benefits packages make the company more attractive to potential employees and help retain current staff, reducing turnover-related costs.
  • The PEO offers professional development programs that keep employees engaged and reduce turnover.

5. Streamlining Payroll and Tax Administration:

  • The PEO takes over payroll processing, ensuring accuracy and compliance with tax regulations, avoiding costly errors and penalties.
  • The PEO handles all tax filings, reducing the administrative burden on the company and ensuring compliance.

Summary

Using BridgeGap PEO Brokers can lead to significant cost savings for a company by negotiating better rates, reducing administrative and compliance costs, improving employee retention, and streamlining payroll and tax administration. By leveraging the expertise and relationships of BridgeGap PEO Brokers, your business can access high-quality HR services at a lower cost, ultimately contributing to the company’s bottom line.

Experienced – Dedicated – Resourceful

driving success to your everyday business

Expert Guidance & Customization

Conduct needs assessment, find matching PEOs, and navigating complex PEO options

Cost & Time Efficiency

Negotiating better terms and streamlining the selection PEO process

Compliance & Risk Management

Helping to choose PEOs that ensure regulatory compliance which helps mitigate financial risks

Knowledge – Integrity – Transparency

BridgeGap PEO Brokers Demonstrates Integrity and Transparency in Several Key Ways:

Transparency in Recommendations

BridgeGap PEO Brokers provide honest and unbiased advice when recommending PEOs. We prioritize the needs of the client, ensuring that the PEOs they suggest are genuinely the best fit for the company’s needs. This includes being transparent and providing clear reasons for their recommendations.

Commitment to Client Interests

BridgeGap PEO Brokers operate with integrity – and we focus on the long-term success of our clients. We do not push for the most expensive or highest-commission options – but instead advocate for solutions that truly align with the client’s business goals and financial constraints. This client-first approach builds trust and demonstrates a genuine commitment to our client’s success.

Ethical Business Practices

Integrity in business practices includes adhering to ethical standards, such as protecting client confidentiality, delivering on promises, and conducting business in a way that is both legal and morally sound. BridgeGap PEO Brokers ensure that all dealings are above board and that our clients are fully informed at every step of the process.

Ongoing Support & Accountability

BridgeGap PEO Brokers do not simply match a company with a PEO and then disappear. Instead, we offer ongoing support and remain informed on the performance of the PEO we recommended. We regularly check in with clients to ensure that the PEO is meeting expectations, and we are willing to step in to resolve any issues that arise.