How PEO Services Empower Small Businesses with Big Benefits
At a recent GWBC Radio interview, I had the pleasure of sitting down with Lee Kantor to talk about what I do as a Professional Employer Organization (PEO) broker and why PEO services are a game-changer for many businesses.
Let’s dive into the key takeaways from our conversation and explore how partnering with a PEO can benefit your business.
What is a PEO?
If you’re new to the concept, a PEO, or Professional Employer Organization, is a service that combines multiple small businesses into a large group, creating significant buying power.
This pooling effect helps companies access better rates and benefits on essentials like health insurance, workers’ compensation, payroll, and HR services. It’s an affordable way to offer top-tier benefits — think Fortune 500-level packages — without the Fortune 500 budget.
Who Benefits Most from a PEO?
My ideal clients are small to medium-sized businesses with 10 to 200 employees, particularly those with teams spread across different states. As companies grow, they face a mix of compliance issues and higher costs for employee benefits.
PEO services are a fantastic way to address these challenges by providing bundled packages that include everything from payroll to health insurance.
Why Consider PEO for Your Business?
PEOs are about more than just saving on premiums. They help businesses like yours focus on growth by taking the pressure off HR and compliance tasks. Health insurance is a significant expense, often ranking as the second-highest line item on a company’s financial statements.
With a PEO, you can secure more affordable rates and reduce the administrative burden, letting you dedicate more time and resources to scaling your business.
Is Your Company Facing a Premium Hike?
As we head into the fourth quarter, many companies are reviewing their benefits plans for the new year. If your current provider has increased premiums by 20% or more, it might be time to explore new options.
Even if your increase is less than 10%, it’s still wise to compare rates regularly. If your business is looking for better solutions, reach out to me — I’d love to help you find the right fit.
Why I Joined GWBC and Latina Rise
Joining the GWBC community was important to me because I wanted to connect with fellow women business leaders. Many of these businesses need the same support that a PEO provides.
I’m also on the board of Latina Rise Foundation, where we’re dedicated to supporting Latina entrepreneurs through events and networking opportunities.
Ready to see how a PEO can benefit your business? Reach out to me, Suzanna@PEOfortheCEO.com!
Visit
PEOfortheCEO.com or connect with me on
LinkedIn. Let’s chat about how we can simplify your business needs and help you achieve your goals.