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PAINLESS_SMALL_BUSINESS_COST CUTTING_WITHOUT_LAYOFFS
| PAINLESS SMALL BUSINESS COST-CUTTING... WITHOUT LAYOFFS!
Entrepreneurs know that starting and running a successful
business is hard work. They also know that growing a small
business is like a marathon - long, time-consuming and grueling.
However, what many entrepreneurs don't expect is that the
experience can be like a hurdling event. These hurdles often
appear as endless administrative forms, tax reports, and
compliance with ever-changing workplace regulations. As the race
continues, the obstacles get taller, especially in administering
benefits and competing with large companies to recruit and
retain talented employees. Before long, many entrepreneurs are
unable to concentrate on the business, and they lose speed.
Consequently, a growing number of business owners are turning to
Professional Employment Organizations (P.E.O.s) to remove these
hurdles.
P.E.O.s were born out of the frustration many small business
owners experience when administrative work inhibits the ability
to grow an organization. To overcome that challenge, a business
and a P.E.O. enter into what is called a "co-employer"
relationship with the existing employees, enabling the P.E.O. to
serve as the business off-site human resources department.
According to the National Association of Professional Employer
Organizations (NAPEO) (www.napeo.org), there are three principal
reasons why the P.E.O. industry continues to grow rapidly. Chief
among them is the increase in the number and complexity of
workplace regulations (there are currently estimated to be more
than 4,000 local, state and federal employment regulations). The
second underlying factor stems from the need of business owners
to attract and retain superior talent in a competitive labor
market. For example, with a full-service P.E.O., employees at
small and medium sized businesses have access to big company
health plans, an employee assistance plan (EAP), a credit-union,
educational assistance, a 401K plan, and other employee benefits
that previously may have been unavailable. Third, business
owners seeking to control their operating costs are turning to
P.E.O.s to help them better manage administrative expenses.
P.E.O.s offer a variety of services. On a basic level, most
P.E.O.s assume responsibility for business payroll and related
tax filings, unemployment and workers compensation claims,
employer regulatory compliance, and for providing basic benefits
such as a 401K plan and health insurance.
In addition to these core services, more advanced P.E.O.s can
provide human resources support covering employee hand-book and
policy development, employee counseling, training, recruiting,
selection and performance appraisal assistance. Of course,
owners still make the strategic business decisions and can
delegate various human resources projects to the P.E.O. on an
as-needed basis.
Importantly, P.E.O.s also offer business owners the opportunity
to reduce employment liability exposure! Under this arrangement,
a client company transfers many of its employer-related
liabilities to the P.E.O.. Other liabilities are shared. With
those that are left, the P.E.O. can provide resources such as
safety consultants and human resource specialists to provide the
back-up needed to further reduce a client companys exposure.
At the most sophisticated level, full-service P.E.O.s provide
entrepreneurs with other vital employment resources, including
productivity-based training courses, an expanding array of
online support services, and access to a network of
best-of-class service providers that can help them achieve goals
more efficiently and effectively.
The result is win-win. Employees value the opportunity to grow
professionally while the business benefits from increased
productivity.
Currently, there are over 3,000 P.E.O.s nationwide. Each P.E.O.
has something unique to offer their clients. It is a fact that
no one P.E.O. could ever hope to fulfill the requirements of the
extensive number of businesses, the millions of employees and
the diversity of their needs. So the questions becomes, how do
you find the right P.E.O. for your personal business needs?
Thats where we come in. We find it is far easier to comply with
our clients needs if we're not limiting ourselves to just one
P.E.O.. So we developed a P.E.O. network of the top 100+ A or AA
rated P.E.O.s in the nation.
We now know that we can place all small businesses with a
P.E.O. service that can fulfill all of your current needs; state
compliance, insurance, workmans compensation., etc. that will be
satisfying to you and your company. And our referral service is
FREE to all small business owners in the U.S.A. and Canada. The
last question you must ask yourself is. Is this why my
competitors are kicking my ass when it comes to being
competitive? Think about it...
About the author:
Steve Hartung, consultant. P.E.O. Brokerage Inc..
http://www.saveonpayroll.com (Secure site: use ID: 001025 to
enter site.) lowcost@bouldernews.infi.net 1-303-938-9724
(evenings)
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