Why You Should Consider a PEO for Your Temp Staffing Business
Does your temporary staffing business have a partnership with a professional employer organization? If not, here are four reasons why you should consider a professional employer organization (PEO) partnership for your business.
Reason 1: Personalized, Comprehensive Workers’ Compensation Coverage
Since temporary staffing is often considered a high-risk industry, it can be difficult to find the Workers’ Compensation coverage you need to protect your business and your employees. When you do find coverage, you might also struggle with high premiums or limited coverage options. When you partner with a PEO, you’ll gain access to the PEO’s wide network of insurance carriers. They’ll use this network to help you find affordable, comprehensive coverage that meets the unique needs of your temporary staffing business.
Reason 2: Improved Benefits Options
Similarly, your PEO can also help you improve benefits offerings for your hardworking employees. Like with Workers’ Compensation, partnering with a PEO gives you access to a wider range of offerings on benefits like health insurance and retirement plans. By partnering with a PEO, you can give you employees the benefits they want and need, which improves employee morale and reduces your risk of employee turnover.
Reason 3: Compliance and Risk Management Support
Since temporary staffing can be a risky industry, it’s important to stay up-to-date with compliance and risk management. A PEO can assist your business with compliance and risk management tasks, such as updating employee handbooks, implementing safety training, or preparing for an audit. By assisting with tasks like these and working with you to improve your compliance and risk management, a PEO can greatly reduce the risk of workplace accidents and injuries.
Reason 4: HR and Payroll Support
A PEO can also assist your temporary staffing business with a wide variety of payroll and human resources tasks. By taking over some of your most important day-to-day tasks, like processing payroll or keeping track of employee classification, a PEO can help you stay organized and reduce the risk of costly errors, like miscalculated wages or misclassified employees. By taking over key payroll and HR tasks, a PEO can also free up time in your schedule to focus on other areas of running your temporary staffing business.
Ready for a PEO?
At Work Comp Business Insurance Solutions, we help temporary staffing businesses find solutions to their everyday challenges, like managing payroll or securing strong Workers’ Compensation coverage. With products like our full PEO product, we’re ready to help temporary staffing businesses find great solutions.
At Work Comp Business Insurance Solutions, we help temporary staffing business owners find the best Workers’ Compensation and payroll solutions.
