7 Ways a Professional Employer Organization Helps Your Business Care for Employees
Your thriving business can benefit from partnering with a full-service Professional Employer Organization (PEO). Not only can a PEO give you back time in your day by taking care of your HR paperwork, but it can also help you save money by lowering costs. Furthermore, when you choose an outsourced HR solution for your business, there are 7 distinct ways you can offer increased employee benefits to your workforce.
1. PEOs secure lower rates
This is easily the biggest benefit you can deliver to your employees. Because a PEO can negotiate on behalf of hundreds and thousands of employees from multiple companies, it has the sort of negotiating power your company could never hope to have on its own. With the expanded workforce provided by the co-employment arrangement, the PEO can engage in talks with leading insurance providers that result in more affordable monthly prices on benefits for your people.
2. PEOs attain better plans
Along with those lower premiums and rates, your employees will gain access to top-tier insurance plans with a PEO. The same logic applies – since the PEO negotiates on behalf of a much larger employee base than you can, it secures plans typically only available to Fortune 500-level companies.
3. PEOs offer more wide-ranging services
Thanks to PEOs working on your behalf in the marketplace, your employees will enjoy a level of ancillary services far beyond what you could have negotiated on your own. This includes in-demand perks like:
- Dental insurance
- Vision coverage
- HRA / HSA / FSA
- Life insurance
- Short-term disability
- Long-term disability
- Wellness programs
- Discount programs
Employees want enhanced services from their employers, and you can deliver them by partnering with a PEO.
4. PEOs offer self-service portals
Few things irritate people more than not being able to access their employee benefits in a helpful manner when they need them most. Put another way, no one wants to chase down their company’s HR administrator after hours, much less stay on the phone listening to long lists of automated menu options and canned music. When you work with a top PEO like G&A Partners, your employees can log into their personal benefits portal to get the help they need on their terms. They can discover which providers are in network in their area, secure a specialist without seeing a primary care physician, and more.
5. PEOs improve workplace safety
Few things irritate people more than not being able to access their employee benefits in a helpful manner when they need them most. Put another way, no one wants to chase down their company’s HR administrator after hours, much less stay on the phone listening to long lists of automated menu options and canned music.
6. PEOs offer training and development programs
Yes, your employees are happy you offer better insurance plans with lower rates, but they definitely will appreciate knowing you have their long-term interests at heart. From career coaching and skills training to mentoring programs and more, forward-thinking companies are choosing to invest time and energy into developing their people internally instead of always looking externally when hiring. Since most small- to medium-sized businesses can’t afford to create such programs on their own, choosing a PEO that can connect you with these services will prove beneficial.
7. PEOs provide expert advice and guidance
Probably the most unheralded item on this list, it’s also the one your employees will value most once they need it. A full-service PEO like G&A Partners prides itself on delivering leading HR experts who can answer anything and everything regarding employee benefits. This will help you lower costs internally – as you won’t need a full HR staff on-hand at all times – while you and your employees can speak to HR authorities about any questions and concerns. We make it our business to know everything about HR so your employees can focus on doing their best work for the company.
As recent studies have shown, the level of benefits and services you can offer is nearly as important as the salary when it comes to attracting and retaining top talent at your company. When you choose a PEO for all of your outsourced HR needs, you can provide better and more well-rounded employee benefits than your competitors.
How G&A Can Help
How G&A Can Help
G&A's dedicated team of benefits specialists can oversee and administer every aspect of your benefit offerings, deliver excellent customer service to your employees, and help ensure you comply with all federal and state regulations. We also leverage the buying power of our 55,000-plus employee base to procure top-rated benefits from the nation's most trusted carriers. When you partner with us, you gain access to an impressive list of benefits options at a price you and your employees can afford.