Benefits of a PEO

PEOs provide the following benefits to its clients. This is all delivered under a dedicated client services team providing dedicated specialists in Payroll, HR, Benefits, Employee Call Center, Safety & Risk, Regulatory Compliance, and 401K. This setup minimizes the need for PEO clients to staff and maintain a full HR department while having piece-of-mind the ever-changing employment state and federal regulations are maintained to minimize employment liability. Furthermore, PEOs can assist with complex employee relations liability associated with employee terminations, warnings, down-sizing, etc.

Cost Savings

By pooling employees from multiple businesses, PEOs can negotiate better rates for benefits and insurance, leading to cost savings for client companies and a richer benefit package to attract/retain top talent to your firm. Furthermore, PEOs eliminate employment staffing needs or risk-of-turnover with existing staff exposing the firm’s bottom-line.

Compliance Assistance

PEOs stay up-to-date with changing laws and regulations, helping businesses avoid legal pitfalls and ensuring compliance with labor laws, tax regulations, and industry standards when hiring, terminating, or opening new work site locations in new states.

Focus on Core Business

By outsourcing HR tasks to a PEO, businesses can focus more on their core activities, such as product development, sales, and customer service, rather than getting bogged down in employment administrative tasks. Time is money so relying on the expertise and guidance of the professionals provided by the PEO will improve your team’s focus on your business.

Improved Employee Benefits

Access to better and more comprehensive benefits can help attract and retain top talent, enhancing the overall competitiveness of the business over other industry peers. PEO’s deliver a Fortune 100 benefit package, oftentimes not available on the open market due to their economy-of-scale purchasing power with their benefit vendors.

Risk Management

PEOs provide expertise in risk management and help businesses reduce liabilities related to employment practices, workplace safety, and workers’ compensation claims. Oftentimes, PEOs provide legal liability protection insurance against employment litigation claims which is a key value when dealing with multiple work site locations or multiple work states.

Summary

A PEO acts as a partner to small and medium-sized businesses, providing essential HR services to help manage the complexities of employment and compliance. By leveraging the expertise and resources of a PEO, businesses can achieve greater efficiency, reduce costs, and focus on their strategic goals.

For organizations with a fully staffed department, existing broker insurance relationships, capital investments in HR systems, co-employment concerns, but still wanting the benefits of a PEO, an alternative to PEOs is an ASO provider solution or a payroll & technology provider solution. BridgeGap PEO Brokers can also help to find and position these providers.

Statistics for companies using a PEO¹:

1. National Association of Professional Employer Organizations (NAPEO) www.napeo.org, 2023

  • Return on investment of using a PEO

  • Business using PEO grow faster

  • Lower levels of employee turnover for companies that used PEOs

  • Less likely to go out of business

Increased ROI by 27%
Increased Growth Speed by 8%
Lowered Employee Turnover by 13%
Decreased Risk of Going Out of Business by 50%

Knowledge – Integrity – Transparency

Empowering 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

+1 (800) 555 555