Find Better Employee Benefits Packages for Your People
One reason large corporations attract top talent is that they offer some of the best employee benefits packages around. Big companies keep growing because employees who feel valued and protected are more productive. Small and medium-sized businesses often lack the resources to offer such comprehensive perks for their team. However, partnering with a Professional Employer Organization (PEO) to manage HR operations often comes with insurance, retirement plans, and other great benefits at reduced rates.
From health and wellness to 401ks, your new PEO partner can help you attract and retain high-caliber employees. A PEO can spread the cost of generous employee benefits packages across several clients, delivering "insider" prices that you can take advantage of. Delivering better products and services to clients begins with bettering the personal and professional lives of the people in your organization. PEO consulting from The PEO Advisor will help you find a partner to transform your operations and supply small business employee benefits packages that make a difference.
Factors To Consider Before Choosing an Employee Benefits Package
A PEO can make running a business easier for SMBs in many ways. One advantage they bring to organizations is access to better small business employee benefits packages at cost-efficient rates, allowing clients to attract and retain high-quality employees. Not every PEO is alike, and neither is every employee benefits package. Do your due diligence when selecting a PEO partnership to ensure you can give the most incentives to your team while balancing your company's budget and goals.
The right employee benefit package aligns with the company's overall business strategy and employee demographics. Ample 401k and retirement benefits could help employers reduce turnover by convincing staff to stay. Employees with families are particularly interested in insurance packages that can cover children. Companies with a typically younger workforce have also seen success with generous PTO options and discounts on outdoor recreational activities.
There are so many opportunities to explore when trying to tailor an employee benefit package to the demographics of your workforce. An excellent place to start is to ask what your employees value most. If your budget permits, consider a comprehensive employee benefits package that would be attractive to a more diverse workforce. Look for PEOs that can provide access to robust health insurance plans, flexible retirement savings options, and additional perks like life insurance, disability coverage, and employee assistance programs. A well-rounded employee benefits package can significantly improve employee satisfaction and loyalty.
Cost is always a primary concern for any business. SMBs often have tighter budget constraints, so you'll need to look at cost comparisons between PEOs and the benefits packages they offer. The good news is that PEOs feature leveraged buying power by supplying packages to multiple clients, securing lower rates for businesses. You still need to assess the options to ensure you get the best value for your investment. The PEO Advisor has done all the research for you and can make recommendations suiting your budget.
It's also essential to evaluate the administrative support the PEO provides in managing these benefits. The best employment benefit package is only as good as its implementation and management. A PEO should offer excellent benefits and seamless administration, including handling enrollments, managing claims, and ensuring compliance with relevant regulations. This support is crucial in ensuring that your employees can easily access and utilize their benefits, which in turn enhances their satisfaction and engagement.
As a leading PEO consultant, we aim to help you find a partner with excellent benefits and exceptional service. This way, you can focus on growing your business while knowing your employees are well cared for.
We Help You Find the Best PEO and Benefits Packages
The PEO Advisor has a proven track record of matching companies with PEOs for long-lasting and rewarding relationships. Our team of consultants has decades of combined experience and knows the industry inside and out. Our method involves deep-diving into your business, its goals, structure, workforce demographics, and more to pair you with a PEO that can meet your needs and transform your organization from the inside out.
A PEO at the helm of HR operations can bring the employee benefits packages you need to build a workforce that enhances your value and bottom line.
"…the single biggest constraint on the success of my organization is the ability to get and to hang onto enough of the right people."
-Jim Collins
Turn to the industry's most trusted PEO consultant to help you do it.
Jim Collins
The Right Employee Benefits Package Can Be Transformative
People are the heart of every business and what it delivers to its customers. Experience the transformative benefits of giving your team the resources and support that make them happy and productive. Appealing perks and incentives can attract and retain top talent, reduce turnover, and boost overall morale.
Employees who feel valued and supported through perks like health insurance, retirement plans, wellness programs, and recreational benefits often increase their engagement and productivity, leading to better performance and a more positive workplace culture. A well-structured employee benefits package can set your business apart from competitors, positioning it as an employer of choice in a competitive market.
The right employee benefit package has several benefits for employees and your brand:
- Secure and protected employees worry less, have less stress, and perform better
- Less time away from work due to preventable illness or disease
- Greater financial security and commitment to their work
- Boosted morale
- Stronger mental health
- Happier employees give more to their communities
- Financial savings for employers and employees
- Greater employee engagement and team unity
- Stronger brand perception and reputation
- Improved employee loyalty
Find the Best Employee Benefits Packages for Your Budget
Whether you offer these benefits now, have yet to start, or are looking to make a change, your new PEO will guide you through every step of the process to ensure you end up with a package that meets your needs and makes your people happy. Think of an employment benefit package as an investment in your company's success.
When hiring a PEO, you have more options in the kinds of benefits you can offer employees. Not only will PEOs handle the management of these benefits, but by offering plans to multiple businesses, they get better prices from insurance providers. Collective bargaining power turns into significant savings for SMBs and attractive benefits for current and future employees.
Partner with a PEO and find comprehensive and competitive employee benefits packages at a fraction of the usual cost. We'll guide you to PEOs who offer the benefits you want at prices within your budget.
Leading Benefits Package Inclusions
Explore features of employee benefits packages offered by the PEOs we recommend and the effect they can have on your operations.
Explore All Employee Benefits Packages and PEOs
The best employee benefits packages benefit employers and their people. Packages that improve quality of life and establish a safety net for retirement or unexpected occurrences make employees feel valued and want to be more productive. Companies that take care of their people can deliver more value to customers. Make a meaningful difference in the lives of your workforce and stand out in your industry while attracting top talent. A PEO at the helm of your HR operations can deliver small business employee benefits packages at reduced prices, giving you a competitive edge in the marketplace. Explore PEOs and the employee benefits packages they can provide with The PEO Advisor.