By: Shraga Jacobowitz
You remember when cell phones just came out?? Oh they were big and clunky and slow!! Imagine if you were from those people that said “Hey this will never take off” – you’d probably still be stuck on some remote highway with a flat tire trying to get some help!
Bottom line, there is a need to keep on being innovative and not staying “old school”. As the world and society changes, we need to adjust and make some changes as well, so that we are not left behind and stuck……..
If you are an employer and business owner you must be pulling your hair out by now, wondering if you are ACA compliant. When you think you are done with that – wait till there are some more changes to ACA, and other ACA legislation and regulations continue to roll out. After all the Affordable Care Act (ACA) is 2409 pages long!! ACA is here, and we need to adjust and make some changes to keep us from getting stuck!!
One thing is for sure – no business owner went into business to be fluent with all the ACA legislation and regulations, nor did they go into business to be busy with all the non-revenue aspects of their business. You know and we all know – it just bogs you down. Oh hey, let’s not talk about when a terminated employee files an unemployment claim or files a wrongful termination suit, or how about a Worker’s Comp claims, Benefits renewals, New hires, etc…
WHY SHOULD YOU BE BUSY WITH THIS?? THIS DOES NOT BRING IN ANY MORE PROFITS TO YOUR COMPANY!! IT ACTUALLY KEEPS YOU FROM FOCUSING ON THE PROFIT GENERATING AREAS OF YOUR BUSINESS!!
So what’s the solution??
We got it!! Oh you bet!! – It’s a PEO (Professional Employer Organization) NOW is the time to be innovative and explore this solution. Remember, you don’t want to be that guy stuck on the remote highway without a cell phone!!
One thing is very clear, the amount of money you are currently spending on Payroll processing, Worker’s Comp, State Unemployment, Employee Benefits, HRIS, EPLI, etc… amongst multiple vendors. If you were to outsource all these non-revenue producing aspects of your business to one vendor, one team of experts, you will not only potentially save a significant amount of money, but return your focus to growing your business and focusing on the profit generating aspects of your business.
Recent data released from the Bureau of Labor Statistics shows;
1) The employee turnover rate for PEO clients is 10 to 14 percentage points lower per year than that of comparable companies.
2) Businesses that use PEOs are approximately 50% less likely to fail (permanently go “out of business”) from one year to the next when compared to similar companies in the population as a whole.
3) PEO clients grow 7-9% faster than Non-PEO clients
And the most important recent study from The U.S. Dept. of Labor Statistics:
“The U.S. Dept. of Labor Statistics predicts that more than ½ of U.S. workers will be employed through partnerships with PEO firms by 2020.”
So why be the guy stuck on the remote highway without the cell phone….drop us a note now, and see how you will benefit from a PEO. It’s just a matter of time when everyone will be partnered with a PEO and gaining tremendously from the partnership….why wait???
Check us out now www.arcpeo.com
ARC Consultants is a PEO consulting firm and broker out PEO services for all the leading PEO companies. We have exceptional knowledge in the industry, and all the latest products. With our expertise and knowledge we are able to better understand our client’s needs and concerns and assist them in navigating through the complexities of making the correct decision in partnering with a PEO. We assist our clients in finding them the PEO that best suits their specific needs. We maintain exceptional relationships with our PEO providers and thereby we have the ability to service our client’s needs and advocate on their behalf. www.arcpeo.com