PEO Source is an independent organization uniquely positioned to advise insurance professionals on HR solutions available to their clients including Professional Employer organizations and Administrative Service Providers. We understand that the decision to contract with a PEO or ASP requires an understanding of numerous business operational issues.
We have the experience necessary to guide you and your clients through this complex transaction.
We have the experience necessary to guide you and your clients through this complex transaction.
Services
Our partners have over 25 years of sales and executive management experience in the PEO industry and over 25 years of Insurance industry expertise including both sales and management in the P&C market. It is our goal to provide unbiased professional advice. We will disclose all operational mechanisms of each PEO we represent and the net economic impact to your client's organization and employees.
According to the Small Business Administration, the average small business owner spends 25% of his/her time dealing with issues that can be outsourced. Faced with rising insurance costs and increased regulatory requirement, small businesses are finding it necessary to pay the ongoing salary of a staff HR administrator to manage the employee administration and oversee the company's benefit programs.
It is difficult to understand the Outsourcing / PEO Industry. Commonly referred to as "employee leasing companies", PEO's enable organizations to outsource time-consuming human resource functions, including payroll processing, worker's compensation insurance risk management, unemployment administration, and employee benefits administration.
The growth of the Professional Employer Organization (PEO) industry or what has also been referred to as HR Outsourcing has been phenomenal. In 1986 there were approximately 100 PEO's in the US administering 50,000 employees. Today there are in excess of 1000 PEO's administering the payroll, human resources, risk management, and health and welfare benefits for in excess of 3 million employees.
Let PEO Source identify the most suitable and cost effective solution for managing all of your clients HR related functions. Many insurance professionals in the marketplace have only heard about associates losing clients and commissions to a PEO and are unaware of the valuable HR and other services that a PEO offers.
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