For many small business owners, it can be difficult to hire and retain top talent in today’s tight labor market and still maintain your bottom line. With a professional employer organization (PEO) in your corner, it’s possible to develop a plan to manage rising costs while taking care of your most important resource — your employees. Here are several challenges that can be turned into opportunities with help from a co-employer:
The turnover trap: Preventing the talent drain
Today’ workforce is on the move. But where are they going? And why? Business leaders need to understand and address the root causes of the talent departure and improve their organization’s culture if they want to minimize the impact of turnover.
How a PEO can help you retain talent
Co-employment partners provide strategic talent management support, helping to develop comprehensive strategies like investing in better benefits, adjusting compensation levels, embracing hybrid workplaces and more.
Beyond healthcare: Crafting competitive compensation
Benefits packages can be a game changer when it comes to landing top talent, but employees today are no longer satisfied with just medical, dental and vision coverage. Employers need to take an objective view of their benefit offerings and create competitive compensation packages that also address workforce well-being and lifestyle needs.
How a PEO can improve benefits
Co-employment transforms benefits administration, making it possible to fulfill your employees’ needs without breaking your budget. A PEO can help you create an overall competitive benefits strategy, all while handling every aspect of administration and enrollment to save you valuable time and resources.
Managing workers’ compensation: Protecting your people and your bottom line
Safeguarding a company requires a delicate balance between employee protection and financial security. Every employer wants to keep their employees safe while, at the same time, protecting their company should a “worst case scenario” occur. However, it can be challenging to navigate the maze of workers' compensation compliance and regulations.
How a PEO can help protect your business
Whether you need a risk and safety analysis or want to ensure injured employees get the best care possible, a PEO offers comprehensive risk management and employee support through expert, multi-disciplinary teams. You’ll gain partners that genuinely care about the well-being of both your business and your employees. That’s the true value of co-employment.
Liability lockdown: Minimizing operational threats
Liabilities threaten profit margins and create operational challenges for all organizations, but especially smaller companies. These financial and legal risks can emerge from various sources — from workplace incidents to contractual disputes to regulatory non-compliance — threatening business stability and long-term organizational health.
How a PEO can help support compliance
Co-employment means a PEO focuses on HR-related tasks, such as payroll, benefits administration and regulatory compliance. This relationship also reduces liability when it comes to navigating tax responsibility and enforcing mandates from legislation, like the ACA, FLSA, OSHA and EEOC, ensuring your business remains compliant with ever-changing regulations.
Scaling smart: Mastering business operational growth
A common goal of many organizations is achieving scalable growth. But this is often easier said than done. Operating a business in multiple locations creates a significant workload given today's complex employer landscape, requiring strategic planning to navigate the challenges.
How a PEO can help your business grow
Partnering with a PEO takes the headache out of keeping up with state-to-state policies, wage and hour requirements, payroll taxes and other responsibilities that can be difficult to manage on your own. As a result, your business is empowered to grow at the right pace, reduce operational burdens and save money in the process.
- https://www.apa.org/pubs/reports/work-in-america/2024
- https://www.apa.org/pubs/reports/work-in-america/2024
- https://www.inc.com/annabel-burba/6-in-10-employees-want-a-new-job-in-2025/90996777
- https://www.cigna.com/employers/insights/informed-on-reform/employer-mandate#:~:text=Employers%20must%20offer%20at%20least,employee%20minus%20the%20first%2030
- https://www.jjkeller.com/news/article/Posting-penalties-increase-again_id-760eef21-b657-44c6-e30c95b1219e5c6f?srsltid=AfmBOookRdusHnyF5FWKZ7uqlWAQ4H4y_wAAb1tniwMgmBXB2BKVRjZR
- https://www.osha.gov/penalties
- https://www.dol.gov/agencies/whd/polygraph
- https://tax.thomsonreuters.com/blog/payroll-errors-and-how-to-avoid-them/
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