Share what you know with millions of people
Focus is the best place to turn what you know into remarkable content
0
What are the benefits/detriments to using a PEO?
How does it affect workers comp and benefits?
Events
- Dos and Don'ts of Small Business Marketing May 29 @ 11 am PT
- Lead Nurturing 202: The Next Generation May 31 @ 11 am PT
- The Tricks to Paid Media June 6 @ 11 am PT
- Display Advertising for Brand Awareness June 20 @ 11 am PT
Related Activity
1 Answer
Benefits
1. You become part of a a "larger benefits" buying pool and the PEO can therefore negotiate better plan rates. This prevents large year over year spikes in benefits costs. Workers comp costs however are generally the same
2. PEOs offer multiple plans for employees to choose from
Detriments
1. Evaluate your business' employee demograhics carefully. PEOs don't offer tremendous benefits savings for younger employees (ie., single, 20-25). The savings are most notable for older employees and families. If you have a young workforce, the cost of using a PEO may outweigh the benefits savings
Answer This Question