Top 3 Benefits Of Using A Professional PEO Broker

A Professional Employer Organization or PEO brokerage firm helps business owners find the PEO firms that match their needs. Because they are highly knowledgeable in management, financial planning, legal compliance, and contracts, PEO brokers are best positioned to help business owners assess their human resource and management needs and match them with the industry's right PEOs.

In today's competitive business atmosphere, it's challenging to manage market pressures, outsource a job, manage employees, and work on tight budgets. Thus, having a PEO broker as your partner in employee management is an excellent move. 

When choosing a PEO brokerage firm, you're looking for a company expert who:

• understands your corporation's diverse workforce;

• knows the needs related to your industry market;

• recognizes the legal compliance of your business;

• can create customized plans for your business; and

• has the right network and offered services

While there are many benefits of using a professional PEO broker, here are three that stand out:

Reduces Costs

The PEO brokerage industry is evolving and steadily progressing. Partnering with one saves time and resources and helps set your business up for success. As a business owner, having streamlined operations and reduced overhead costs through outsourcing human resource functions gives you peace of mind that you are running a sustainable and productive business.

Businesses need to have efficient operations to run smoothly, and sometimes, hiring an HR manager isn't enough, nor does directly hiring a PEO team work. These are the ways you can be efficient when you work with a PEO broker:

You can save a lot of time used up in hiring or outsourcing.

PEO brokers have a network of professionals at their disposal. They have streamlined a process that helps assess and find the best PEO for you.

In addition to serving clients better, PEO brokers also have a ready list of services or packages you can choose from to suit your business needs.
Such services include; 

PEOs help you with

Payroll
Health Insurance
Workers’ Compensation Insurance
Retirement
Human Resources

• Employee Payroll

• Health Insurance

• Worker's Compensation Insurance

• Retirement

• Human Resources

You can save 30% of your cost or more by tapping the services of PEOs.

Businesses can enjoy reduced costs by just partnering with PEO brokers. They can help you get your complete human resource needs from a single company.

But this relationship does not end with matching clients with the right PEO company. They continue to supervise partner PEOs to make sure there is proper compliance. 

You can save money from hidden costs.

When hiring workers, your business pays hidden costs such as employee benefits and social security taxes. These additional employee benefits can be costly in the long run. But with a PEO broker finding you the right PEO team, you don't have to worry about these expenses.

The savings are substantial and give added benefits such as:

• No more hoops to jump through, such as filling out forms or waiting for approval letters.

• Being able to choose from different PEO companies with different specialties and expertise

• Greater chances of getting the best PEO fit for your organization

• Regardless of the size of your business, a PEO brokerage firm is worth considering, with the many other benefits that you can get from the partnership.

Streamlines Operations

Running a business requires significant money, time, energy, finances, and human resources. A PEO broker can help structure operational tasks for clients by assessing them, including hiring employees, providing administrative support, and more.

At the onset, the PEO profiles your business to understand your company's model, processes, and problems. It then proceeds to structure business solutions fitted to your needs.

A PEO broker could also benchmark your existing PEO to see if you are getting the most from the services it has committed to providing you. Otherwise, the PEO broker could offer you some alternatives. This process takes five to seven working days to complete.

Reduces Risk Liability

Another top benefit of partnering with a PEO broker is reducing your risk liability.

• Matches you with PEOs who will do all the HR, payroll, and other administrative tasks, which reduces liability from making mistakes.

• You reduce the risk of hiring a professional that does not fit your company. You just need to deal with one point of contact. If something goes wrong which requires a change in your PEO, you only need to work with one PEO broker to find a better match for your business needs. 

A PEO broker to match your business’s human resource needs

 As your partner, we help structure your business operations and offer a range of benefits that might not be available elsewhere in one package. These services will ensure that administrative tasks are taken care of and that your business is free to focus on what you need to do best—managing the company.

We are proactive in client consultations and can help you even with solutions outside the PEO marketplace. We help clients not only with immediate and or short-term solutions but also with finding long-term solutions to problems that beset your business.

Moreover, Dinsmore Steele works with leading IRS-certified PEOs. Because of this, you will not only be working with the best PEOs, but they will also protect you from the risks of incurring additional tax due.

In summary:

As PEO brokers, we are pro-clients, the middleman that provides the best match between the business owner and the PEO service. It's our job to identify, evaluate, and research prospective PEO to solve our clients' problems.

Gear yourself up for success and be one of the 15% of business owners in the United States enjoying the benefits of PEO brokers’ services. To find out if a PEO makes sense for you, let’s chat.