Orlando, FL (PRWEB) January 31, 2014
Professional Employer Organizations handle issues like workers comp/risk management, employee benefits, HR and payroll, so companies can concentrate on what they do best: create jobs and expand the economy. iPEO Solutions (http://iPEOsolutions.com) makes sure firms know what to ask when considering a PEO.
“Most people invest in the services of a PEO to thwart some level of pain,” Michael Ortoll, founder and CEO of iPEO Solutions, candidly observes. “We can deliver lower Workers Comp costs, including better service aimed at keeping costs lower, as well as provide improved HR compliance and Payroll Administration via higher-end technology and resources.”
That means iPEO can help deliver Fortune 500 type employee benefits at affordable prices and advise on all viable coverage options, Ortoll explained.
“This is what we do and why they hire us,” he said.
In addition, iPEO can help manage implementation of the Affordable Health Care Act and improve cash flow through “pay-as-you-go insurance and taxes,” thus spreading out a company’s cash a bit.
These are just some of the reasons for PEO’s gain in popularity.
According to the National Association of Professional Employer Organizations (NAPEO), “Since 2010, employment growth among PEO clients has been 9 percent higher than other small businesses (based on the Intuit Small Business Employment Index), and 4 percent higher than employment growth in the U.S. economy overall.”
These and other findings about how Professional Employer Organizations help fuel small business growth can be found at http://www.napeo.org/docs/McBassi_keyfindings.pdf.
Why are Professional Employer Organizations statistically more successful in such challenging and uncertain economic times? Because PEOs tackle time-consuming administrative tasks while allowing savvy business people to focus on revenue-producing activities—thus reducing the level of pain endured to achieve a higher degree of success.
“iPEO Solutions tailors PEO solutions producing the greatest value for its clients,” says the company’s founder and CEO. “Outsourcing to a Professional Employer Organization allows companies to leverage a PEO’s world-class technology and personnel.”
Industries in which iPEO Solutions specializes include: Private Equity portfolio firms, Associations, Franchises, Real Estate/Property Management, Healthcare (Senior Housing), Construction, Hospitality and Transportation.
“In addition, we oversee the customized onboarding and enrollment services to make the transition to a PEO a success,” Ortoll said.
Here are the key questions executives should ask themselves when considering a PEO:
ONE: “Will I have to give up control over my company or employees?”
TWO: “What will my employees think of this arrangement?”
THREE: “Who is the employer in this arrangement?”
FOUR: “How often does the PEO process payroll?”
FIVE: “How are a PEO's payroll capabilities superior to utilizing a payroll processing service?”
SIX: “Why would I want to engage a PEO if I already have someone handling payroll and benefits?”
SEVEN: “Will I have to stop and deal with health insurance and benefit questions?”
EIGHT: “What happens if I have an employment issue or concern?”
Answers to these key questions can be found online at http://iPEOsolutions.com/faq.html.
ABOUT: iPEO Solutions is an independent broker and single-source co-employment solution that works with the industry’s best Professional Employer Organizations, ensuring that each meets the following requirements: A-rated insurance carriers, leading technology, experienced and stable management teams, strong financials, a history of success and qualified internal personnel in all service areas.