Are you looking for ways to reduce costs without reducing services? In today’s tough market, a trucking PEO (or Professional Employer Organization), also known as an employee leasing company, can give your trucking business a huge advantage over its competition by drastically reducing labor costs.
PEO providers offer you four basic services; payroll administration, work accident insurance, group benefit plans for employees and human resources management. Most PEOs offer you the opportunity to choose which service(s) you think would impact your business the most, and many times adding just one or two of these services will reduce your employment-related costs, minimize your responsibilities and risks. , and it will give you the freedom to work on profitable ideas.
An employee leasing company offers deep discounts on trucking workers’ compensation insurance (up to 40%), with no down payment policies, on a pay-as-you-go plan, helping you keep more cash in your business . You’ll also gain access to healthcare options with reduced employee benefits, dental and vision insurance, even 401Ks and other savings plans.
With one in three businesses paying fines and penalties each and every year for late or inaccurate payroll tax reporting, the PEO takes responsibility for preparing and distributing payroll checks, offers free direct deposit, mails year-end W2 and W3 forms, along with many other tasks associated with payroll.
According to the Small Business Administration, in the last thirty years, the number of employment laws and regulations has increased by more than sixty-seven percent! Most business owners have never received formal training on hiring and firing procedures, how to conduct annual salary reviews, or develop an employee handbook. A PEO company can help you with these tasks and give you the HR help you need for a fraction of the cost of hiring an in-house professional.
With over 1,000 PEOs to choose from, each provider is different and unique in their services, just like your business, so it’s important to choose a service that can deliver the benefits your business needs. Their workers’ compensation rates and employee benefit plans have very clear differences in coverage and costs. Each employee leasing company will serve different industries, markets, and states. Delivering an immediate impact on the specific areas of your business that require attention is how we can help.
For more than 25 years, business owners have trusted HR outsourcing and employee leasing solutions to reduce employee-related costs. Employee Leasing Quotes.com makes it easy for you to choose a provider who can provide the services your trucking company needs.