From significant cost-savings, increased productivity to lower compliance risks, there are many ways a PEO can benefit your business. But what about the employees? How can partnering with a PEO help your employees?
According to a recent NAPEO study, employees working in businesses that use a PEO reported their employer:
Employees also reported significantly higher scores related to their satisfaction and confidence in management, including:
Access to Better Health Plans & Benefit Packages. By partnering with a PEO, employers can offer top-rated health insurance plans and enterprise-level benefit packages similar to those offered at large corporations. This is because of a PEO’s ability to group employees of small businesses into one pool to negotiate better packages at lower rates.
Accurate and on-time paychecks. A PEO provides the assurance that paychecks are accurate and delivered on time.
Simplified Conflict Resolution Process. A PEO can provide assistance on how to handle difficult workplace issues.
Easier Access to Human Resources. Working with a PEO is similar to having a dedicated HR department. Employees have access to a wealth of knowledge and resources, along with support from a team of HR experts. The arrangement makes it easier to onboard new hires and facilitate tasks, such as the approval of paid time off.
READ MORE: How A PEO Helps an Established Business
When employees feel they are being taken care of, they are productive and committed to your success. PEOs boost employee satisfaction and engagement by helping employers demonstrate a commitment to their employees. For employees, the result is a better work-life balance, stronger trust, and a more positive workplace.
As an IRS-Certified PEO, Propel HR continues to seek innovative solutions to help our clients take care of their employees, as well as their bottom line. To learn more, download our free E-guide, The Small Business Guide to Choosing the Right PEO.