Teaming with a PEO to Cross the Goal Line

You know the old saying, “Defense wins championships.” Well, if you’ve paid attention to any of the football going on in the modern era, it appears that defense doesn’t always exist, and offense is all you need. But, I digress…

When it comes to business, the truth is you need both. A strong offense, or revenue generation for those keeping track at home, is just as important as your solid defense, or risk management and cost control. Working hand in hand, it’s your best path to victory and the solid foundation for a winning season year after year.

Whether it’s on offense or defense (or both), some businesses find it’s best to get a little support to push toward the goal line. You need a second team, if you will, poised to step in and take care of that which you don’t have the time or resources to focus on.

An accredited Professional Employer Organization (PEO) like Aureon HR is a great addition to your team when it comes to making sure you’re managing risk and controlling costs while also generating that revenue to keep your offense moving. Here are some ways a PEO can keep you in the game on both sides of the ball:

A Staunch Defense

A good PEO will investigate and manage your Worker’s Compensation claims process for you, making sure you’re not paying out what you shouldn’t and taking that burden off your employees. In addition, some PEOs like Aureon HR eliminate the Worker’s Compensation audit process by building premium collection into the payroll function. Paying premiums through payroll rather than paying them quarterly based on estimations removes the need for a timely audit later.

A PEO is also positioned to negotiate better group medical insurance rates than a small business can do on their own, offering great savings and better plans for your employees. A human resources business partner will consult with you about the growing alphabet soup of regulations at the federal, state and local level, and help devise strategies to ensure compliance.

A Versatile Offense

The Fortune 500-level employee benefits you can secure due to utilizing a PEO’s HR infrastructure helps you attract and retain the best team members, which is instrumental in generating revenue for your business. Working with a PEO means you have a scalable HR department at the ready - a roster of professionals that can expand or shrink according to your needs.

According to the Small Business Employment Index, small businesses using a PEO grow at a rate of 7-9% faster than their counterparts. They also enjoy 10-14% lower turnover, thus reducing the cost of hiring, onboarding and training new teammates. In 2015-2016, businesses teaming with a PEO were 16 times more likely to see an increase in profitability (according to the National Association of Professional Employer Organizations).

The stats are clear, when the game is on the line you want both sides of the ball to be in the best position for success. Teaming with a great PEO partner like Aureon HR will get you moving in the right direction and help you build a record for success.

Matt Nuetzman

Matt Nuetzman is Director of Business Development at Aureon HR where he has worked since 2012. In addition to Aureon HR, Matt also serves as the Chairman of the Urbandale Chamber of Commerce and is a Board Member of the Greater Des Moines Partnership. Matt is a 2012 Member of the Business Record's Forty Under 40, and a graduate of Iowa State University, where he received his Bachelors Degree in Sports Management.

Published

October 23, 2018

Posted by

Matt Nuetzman

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