Take Care of Your People With Employee Benefits Packages From PEO Advisor
Investing in a strong employee benefits package can create strong returns for your organization. When your workforce feels secure about their financial and physical health, they are happier and more productive. Large corporations have the resources to offer comprehensive wellness and rewards plans that enable them to attract and retain top talent. On the other hand, small business employee benefits packages typically need to be more focused to maximize value on a limited budget. PEO Advisor can help small companies achieve this by finding a co-employer that offers the desired package at a price that fits their budget.
Factors To Consider Before Choosing an Employee Benefits Package
Investing in a strong employee benefits package can create strong returns for your organization. When your workforce feels secure about their financial and physical health, they are happier and more productive. Large corporations have the resources to offer comprehensive wellness and rewards plans that enable them to attract and retain top talent. On the other hand, small business employee benefits packages typically need to be more focused to maximize value on a limited budget. PEO Advisor can help small companies achieve this by finding a co-employer that offers the desired package at a price that fits their budget.
5 Essential Employee Benefits To Maximize Talent Development and Retention
The best employee benefits packages give team members a sense of value and support. Options like healthcare and retirement plans have real monetary value that can be considered as added compensation on top of wages or salaries while providing a safety net in case of sickness or the inability to work. Investing in a workforce that feels valued and fairly compensated is an investment in business success.
Overcome the Number One Difficulty Holding Most Companies Back
The biggest hurdle in the way of growth for most small- to medium-sized businesses is turnover. Becoming the company people aspire to work for, rather than a stepping stone in the meantime, requires building a strong culture of trust and feelings of security. The best employee benefits packages make team members feel that their time with you is meaningful and rewarding.
Organizations have all felt the pain of hiring great people only to see them leave too soon. A common reason for this is weak or inconsistent employee benefits packages. When top talent feels undervalued or unsupported, especially in areas like health coverage, paid time off, retirement planning, or wellness, they’re far more likely to seek opportunities elsewhere.
The cost of constantly replacing employees, from recruiting and onboarding to training and lost productivity, accumulates quickly and stalls momentum. Offering tangible, competitive incentives is a strategic tool for building loyalty, reducing turnover, and creating a stable, engaged workforce that drives long-term growth.
Employers Stand to Benefit Just as MuchInvest in the growth of your organization by first investing in the success of the people at its core. The essential features that job seekers want today from employee benefits packages are not excessive or superfluous. In fact, most companies report that their teams are more productive and better performing when they have access to employer-sponsored medical coverage, paid time off (PTO), retirement accounts, and professional development opportunities.
A healthier labor pool takes fewer sick days, experiences less stress about themselves and their loved ones, and delivers better performance to the company. Finding ways to alleviate people's stress and anxiety about their future promotes stronger engagement in the present.
Striking a better work-life balance can reduce burnout and increase overall efficiency.
Enterprises face numerous challenges in today’s business environment, particularly recruitment and retention. Partner with us to find solutions that reflect the needs and expectations of today’s workforce.
How Much Does an Employee Benefits Package Cost?
The cost of employee benefits packages through a Professional Employer Organization depends on many factors. The size of your workforce, the industry, state laws, and the scope of the benefits all impact the price. Third-party insurance providers also typically raise the renewal price yearly, resulting in steadily fluctuating costs.
Administration fees from your HR provider should also be factored into the calculation. However, choosing us means getting competitive pricing with strategic solutions that offset administration fees. We tailor small business employee benefits packages to your unique needs, including helping you find the right plans that appeal to the type of talent you’re trying to attract and keep.
Whether you're a growing company with just a few employees or a more established business in a highly regulated industry, we’ll help you find a PEO that can allow you to attract high-performing team members who contribute to greater productivity and a healthier bottom line.
Attracting and keeping top talent in today’s competitive job market takes more than just a paycheck. Employees want companies that invest in their well-being, growth, and long-term satisfaction. A thoughtfully designed employee benefits package creates a workplace that motivates people to stay and grow. 5 top features of an employee benefits package that people get excited and motivated about include:
- Comprehensive Health Insurance: Help covering medical expenses is a desirable incentive for any job. Small business employee benefits packages that include vision, dental, coverage for prescription medication, primary care visits, health savings accounts, and more will stand out to job seekers. A good HR provider can also extend these perks to employees’ immediate family members.
- Retirement Plans: 401(k) plans and matching contributions are often difficult for small to medium-sized businesses (SMBs) to offer for various reasons. This doesn’t mean that offering a retirement plan is out of reach. A Professional Employer Organization can offer businesses several platforms for group retirement plans, providing reduced costs and complexity. Some auto-IRA programs don’t require matching contributions and are a way to incentivize employees to take control of their post-career financial security.
- Paid Time Off: Employees are increasingly looking for employers who recognize they have other obligations and passions outside the office. PTO accumulates slowly but provides your people with immense value, enabling them to discharge personal and familial duties when necessary. An alternative to PTO (or an add-on) is flexible work arrangements, including remote work, hybrid schedules, and flexible hours. These aspects of an employee benefits package provide a better work-life balance in today’s culture.
- Professional Development and Training: Investing in growth through courses, mentorship, and skill-building opportunities boost engagement, innovation, and long-term retention. Helping people refine their skills and advance in their careers is also an investment in the business’s success.
- Mental Health and Wellness Programs: Access to counseling, mindfulness programs, and fitness incentives improves overall well-being, reducing stress and increasing productivity. These perks are affordable additions to small business employee benefits packages with enormous benefits. Counseling platforms can even be accessed online or over the phone, offering lower costs and added convenience. Many gyms and fitness centers also offer group discounts when businesses sign up.
We Help You Find the Right PEO for Your Goals and Budget
Professional Employer Organizations pool employees from multiple client companies to deliver large-group discounts. Small business employee benefits packages can access the same robust perks and advantages that are typically only available to large corporations. These resources are available at a reduced cost. These organizations also provide HR services, eliminating administrative burdens for their clients and enabling them to focus on their core mission and growth.
There are several Professional Employer Organizations to choose from, all offering different services. Finding the right one requires an in-depth look into the kinds of employee benefits packages they can offer, their rates, ongoing fees, and administrative management. Managing a benefits plan can be a significant challenge for SMBs. The right co-employer creates a strong HR department that takes care of compliance and disbursement. We’ll help you find the right partnership that suits your needs and budget.
Contact Us for a Reliable Way to Find Core PEO Services
Outsourcing HR needs is an excellent way for small and medium-sized organizations to invest in their people with less administrative burdens and costs. Choosing the right co-employer who can also offer attractive employee benefit packages will make you more competitive while attracting the talent that brings long-lasting growth. Discover how our industry experience and insights can help you find the perfect PEO services by contacting us today.