The Silent Killers in Construction – Part 3: Cash Flow
Cash flow remains one of the most critical factors in the construction sector. Blue collar businesses using PEOs have the distinct advantage of better cash flow because they are not required to hand over thousands of dollars for down payments on their workers’ comp insurance. They simply “pay as they go” through their weekly payroll. This also eliminates the need for time consuming audits at the end of the policy year. Companies with expensive “high risk” workers’ comp codes typically benefit the most because they can keep those tens of thousands of dollars in their pockets to grow their bottom line.
About M2 PEO Solutions
M2 PEO Solutions is an independent consulting firm that helps construction and blue collar companies find PEOs (“Professional Employer Organizations”) who have expertise in the labor intensive industries. We help solve employment problems for business owners in the areas of Payroll, Workers’ Comp, HR, Safety/Risk Management, and Benefits Administration.