Full-Service HR

Spend More Time Growing Your SMB

Ella Baker
Spend More Time Growing Your SMB
Reading time 4 Mins
Published on Dec 17

Growing and managing your own small or medium-sized business is hard enough without the added stress of dealing with administrative tasks, balancing risks, and worrying about turnover. By taking over the time-consuming tasks that don’t contribute to your bottom line, your PEO lets you focus more time and energy on growing and maintaining your business.

It just makes sense

More and more businesses are choosing to partner with a PEO to help them grow. With less time spent on administrative tasks, SMB owners have the opportunity to focus on the big picture of their business.

The numbers say it all. Compared to their competitors who don’t utilize PEO services, SMBs in a PEO partnership:

● Grow 7 to 9% faster
● Have 10 to 14% lower employee turnover
● Are 50% less likely to go out of business

To learn more about how your business can benefit from a PEO partnership, check out The Rise of Small Businesses Using PEOs.

Eliminate time-consuming HR tasks

Working with a PEO partner lets you hand off HR administrative tasks like onboarding and offboarding, benefits administration, payroll processing, and paid time off administration. When you can spend less time stuck on the administrative details and more time on the tasks vital to growing your business. It’s a win for you, your PEO partner, and your employees.

Payroll processing can take 6 to 10 hours of your time every week – and that doesn’t even include the time spent keeping track of PTO accruals and usage! Your PEO partner can take on these tasks for you, saving you valuable time. Additionally, your PEO ensures that all of your employees’ tax forms are properly completed, that all tax withholdings are correct, and that your company stays compliant with payroll-related laws and regulations. Check out Eliminate These 5 HR Tasks by Outsourcing to learn more about how your business can benefit from a PEO partnership.

Reduce turnover and offer more to your employees

Employees are the backbone of every business. In today’s labor market, employers compete against one another to attract high-quality employees. To ensure that you stand out from the crowd, remember that top-tier benefits are the hot ticket that job seekers are looking for when they apply for a position.

PEOs use the collective bargaining power of all the employees they represent to make Fortune 500-level benefits affordable for small and medium-sized businesses. A PEO partner allows you to offer health insurance, dental and vision benefits, life insurance, and retirement plans that are often cost-prohibitive to SMBs.

With a growing number of employees viewing healthcare and other benefits as non-negotiable, the importance of being able to offer these plans is more important than ever in recruiting and retaining top talent. By entering into a PEO co-employment arrangement with Sheakley, you can provide your employees with affordable, high-quality benefits. Reduce Turnover with Better Benefits offers even more tips about how a PEO can help you recruit and retain the best talent for your company.

Manage risk

When it comes to managing the risks associated with running your business, your PEO partner is an invaluable resource. FMLA, training, disciplinary actions, and hiring practices can not only detract from the time you need to be spending on growing your company, but these issues can also mean serious risk if mishandled.

For many SMBs, one lawsuit could spell disaster. Your PEO partner can keep you compliant in employment-related matters, lessening your risk of litigation and penalties. They can help integrate risk management practices into your daily operations, protecting your bottom line and the future of your business. Check out Feeling Stressed Out to learn more about how your PEO partner can help balance the risks of running your SMB.

Solutions that keep you ahead of the competition

Accredited by ESAC and the Certification Institute, and backed by a $3 million Employment Practices Liability Insurance (EPLI) policy, Sheakley’s 120 years of combined PEO experience and expertise are unrivaled in the industry. As your company continues to grow, Sheakley’s PEO allows you to remain compliant, provides you access to top-tier benefits, and gives you more time to focus on the daily demands of your business.

Schedule your free consultation with a Sheakley PEO professional today. For more in-depth information about PEOs, download our What is a PEO e-book today. Stay up-to-date on all things Sheakley by subscribing to our blog and following us on social media. Join the discussion by commenting below.

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