4 Things You Didn't Know You Could Get from PEO Companies

As a broker or trusted advisor, you’ve built strong relationships with your clients and are always looking for ways to add value to their business. You know that offering more than just the basics can set you apart.

If you're looking for comprehensive and invaluable expertise for your clients, partnering with a Professional Employer Organization (PEO) is an excellent solution.

The best PEO companies offer a suite of services that go far beyond HR and payroll. Among other things, they can provide innovative solutions for:

• Custom Benefits
• Risk and Safety
• Technology
• Strategic Staffing

By leveraging these services, you can help your clients achieve greater efficiency and success in their operations.

1. Customized Employee Benefits Solutions

Today’s employees have diverse needs. Employers hoping to attract and retain the best talent can gain a leg up in the competition by offering comprehensive and customized benefits to every employee.

Benefiting Every Employee Equally

PEO companies can provide access to benefits packages that go well beyond basic health insurance. This translates to custom benefits solutions for every stage of an employee’s professional career and personal life.

Companies working with PEOs can access:

• Health, dental, and vision insurance
• Life and disability insurance
• Flexible Spending Accounts (FSAs)
• Health Savings Accounts (HSAs)
• Employee Assistance Programs (EAPs)

Reducing Administrative Burden

The best part? PEO companies handle the administrative work. Dedicated professionals are on hand to guide employees through every step of the process. From enrollment support to ongoing plan management, a PEO can make sure everything runs smoothly, freeing up SMB owners to focus on strategic business activities.

While this hidden gem can help attract and retain employees, a PEO company doesn’t stop there. They can also help keep those employees — and the company — safe from workplace safety incidents.

2. Advanced Risk & Safety Consulting

Workplace safety is paramount for any business. Yet, managing risk and ensuring compliance can be overwhelming for SMB owners who are already stretched to their limits.

PEO companies offer advanced risk and safety consulting services to address these challenges head-on.

How PEO Companies Help Keep Businesses Safe and Compliant

PEO companies provide access to experienced risk and safety consultants. These professionals can advise on potential hazards and customized safety programs tailored to a business's specific needs; a proactive approach that not only enhances workplace safety, but also boosts employee productivity and morale.

Companies partnering with PEOs benefit from the following:

• Safety and risk advice
• Assistance developing and implementing safety training programs
• Regular updates on compliance requirements
• Support creating a culture of safety within the organization

Easing the Burden on Management

Most PEOs bring one common, yet significant, advantage: the reduction of administrative burdens.

Risk and safety consultants work closely with every business, offering advice, support, and training to help managers and supervisors maintain a safe work environment.

By addressing safety issues proactively, PEO companies help minimize the risk of workplace accidents and reduce workers’ compensation claims. This efficiency not only protects employees, but also safeguards a business’s bottom line.

Another way PEO companies can help boost a company’s efficiency and drive growth is through technology, which happens to be the next item on our list.

3. Innovative Technology Solutions

There’s nothing more important in today’s digital world than first-rate technology solutions. Optimized technology streamlines operations and enhances efficiency, and the best PEO companies know this.

Leveraging Technology for Business Growth

PEO companies offer advanced platforms that integrate payroll, HR, and benefits administration. This centralized approach simplifies management, making it easier to handle day-to-day tasks.

Companies partnering with PEOs gain access to:

• End-to-end payroll processing
• Employee and manager self-service portals
• Customized reporting and analytics
• Seamless integration with other business systems

Enhancing Operational Efficiency

The technology solutions provided by PEOs are designed to be user-friendly and accessible from any device. This flexibility allows business owners and managers to manage operations on the go, ensuring nothing falls through the cracks.

By utilizing these advanced tools, businesses can save time and reduce errors. Automated processes mean fewer manual tasks and more accurate data, leading to better decision-making.

PEO companies also offer ongoing support and training to ensure businesses get the most out of their technology investments. This combination of innovative tools and expert guidance helps businesses operate more efficiently and focus on growth.

With technology solutions handling the administrative load, companies can concentrate on strategic initiatives, driving innovation and success.

4. Strategic HR and Staffing Support

Finding and retaining the right talent is a critical challenge for any business. PEO companies provide strategic HR and staffing support to help businesses build a strong workforce.

Building a Strong Workforce

PEO companies offer comprehensive HR support, including recruiting, onboarding, and employee development. This strategic approach ensures that businesses have the right people in the right roles.

Here are some of the benefits businesses can expect from partnering with a PEO:

• Customized recruiting strategies
• Comprehensive onboarding programs
• Employee training and development
• Performance management and succession planning

While Reducing Turnover and Enhancing Engagement

One of the key advantages of partnering with a PEO is the ability to reduce turnover and increase employee engagement. HR consultants at PEO companies work closely with businesses to develop a positive culture and implement best practices in employee relations.

By providing ongoing support and expertise, PEOs help businesses navigate complex HR issues and comply with employment laws. This proactive approach reduces the risk of costly legal disputes and ensures a stable, productive workforce.

In addition to HR support, PEOs offer staffing services that can be tailored to meet specific needs. Whether it’s temporary placements, direct hires, or seasonal workers, PEOs have the resources and expertise to find the best fit for any role.

By leveraging strategic HR and staffing support, businesses can focus on their core operations and drive growth. This hidden benefit of PEO partnerships is essential for building a resilient and successful company.

PEO Companies like BBSI Drive Growth by Reducing the Burden on SMB Owners

PEO companies provide a wealth of services that can transform your business partnerships. From customized employee benefits and advanced risk consulting to cutting-edge technology solutions and strategic HR support, these offerings can help your clients thrive.

Partnering with a PEO like BBSI ensures your clients receive comprehensive support tailored to their needs. BBSI’s commitment to mutual growth, transparent communication, and expert guidance makes it the perfect choice for brokers and trusted advisors.

Looking for a PEO partnership that delivers value and fosters growth? Contact BBSI today and discover how we can support your success.