Small Business Owners know the importance of providing Employee Benefits for attracting and retaining high quality employees. The challenge Small Business Owners face is controlling the cost of obtaining and maintaining these highly desired employee benefit packages.
At a recent meeting of my Financial Executive Networking Group (FENG) we had a speaker present on an intriguing option for offering high quality employee benefits and controlling benefit cost at the same time.
Codi Napolitano from the Extensis Group educated us on the PEO Option for employee benefits. A Professional Employer Organization (PEO) assists clients in reducing their administrative headaches by sharing the burden of managing their employees. PEOs reduce the time and expense involved in dealing with employee payroll, benefits, taxes, governmental compliance, unemployment claims, etc. PEOs help lower total labor cost and allows Small Business Owners more time to focus on their core business.