PEO & Payroll Renewal: What You Need to Know About Year-End Contract Reviews

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President Jeff Hecht of SourceOne Partners Offers Expert Advice on Reviewing Your PEO or Payroll Service Contract

PEO & Payroll Experts
Reviewing a PEO contract that’s nearing its end is a smart way for businesses to ensure they’re getting their money’s worth from their PEO.

Companies throughout the United States are looking to renew their contracts with professional employer organizations (PEOs) and payroll providers. Many companies explore their options in PEO and payroll provision in the fall because of the fiscal year ending, or because they want to start the new calendar year with the best PEO or payroll contract.

Payroll providers and PEOs are essential to the success of many small and medium-sized businesses because they allow these companies to outsource tasks that are legally and financially complex. Rather than hiring one or more professionals to take care of issues like payroll, benefits, and workers’ compensation, companies partner with PEOs to provide these essential business functions. Doing so allows businesses to keep costs down, avoid expensive errors, and offer better benefits packages than they would be able to otherwise.

When PEO contracts near an end, many companies choose to review their contracts and look at all of their available options to ensure they’re not overpaying and that they are receiving the services they need to stay competitive and help their businesses thrive. According to SourceOne Partners President Jeff Hecht, “Reviewing a PEO contract that’s nearing its end is a smart way for businesses to ensure they’re getting their money’s worth from their PEO.”

As a service to small and medium-sized businesses, SourceOne Partners is currently offering a free, no-obligation year-end PEO or payroll provider analysis. This service can help companies make the best decision about whether to stay with their current PEO or look for a new PEO partner for the new fiscal or calendar year. “As an independent representative, we can negotiate better rates for companies than they can get from going directly to PEOs and payroll companies, and we can explain the different fees associated with these providers,” says Hecht.

Companies rely on PEOs to take care of the many complex procedures associated with hiring, payroll, benefits administration, and workers’ compensation administration. Choosing the right PEO for their companies’ interests can be a critical step toward cost containment and being better poised to compete in today’s business world. According to Jeff Hecht, “Reviewing PEO contracts that are nearing an end and evaluating options for renewal or finding a new PEO partner are simply smart business, and right now we are helping businesses do that for free.”

SourceOne Partners offers customized solutions to fit each client’s unique needs, presenting complete and accurate proposals and working closely with underwriters. By shopping both the PEO and traditional market, and providing cost-benefit analysis, SourceOne Partners empowers clients to make informed decisions about payroll outsourcing, employee benefits, and workers' compensation insurance.

About SourceOne Partners

SourceOne Partners is a leading provider of PEO and payroll services in South Florida, New Jersey, New York, and Pennsylvania. The services SourceOne Partners provides help companies reduce HR costs, minimize employer risk and liability, and relieve the administrative burdens of HR and payroll. Visit sourceonepartners.com or call 561-674-0748 for a free payroll or PEO analysis for your business.

SourceOne Partners Locations:

South Florida
2255 Glades Road
Suite 324
Boca Raton, FL 33431

New Jersey
990 Cedarbridge Ave #7
Brick, NJ 08723‎

T: 561.674.0748
info(at)sourceonepartners(dot)com

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Jamie Maloney
simply180.com
+1 (561) 674-0757 Ext: 0
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Jeff Hecht
@source1partners
since: 09/2010
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Sourceone Partners
since: 09/2013
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SourceOne Partners

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