PEOs and Your Labor Costs Especially in the recent difficult economic times, many owners have seen a dramatic difference in how a PEO can stabilize their overall labor costs. One piece of this equation is keeping the company’s SUTA (State Unemployment Tax) rate as low as possible.
Read more →Why Contractors Should Consider Partnering With A PEO – Part 8: Core Principles Most construction companies partner with a PEO in order to streamline their operation. Owners who utilize PEO services spend less time “pushing paper” and more time focused on their bottom line. The PEO assumes
Read more →Why Contractors Should Consider Partnering With A PEO – Part 7: Safety and Risk Management Safety of your employees is one of the most important responsibilities for you as an owner. Partnering with a PEO allows you to have additional support with OSHA compliance, weekly safety meetings,
Read more →Why Contractors Should Consider Partnering With A PEO – Part 6: Employee Benefits We’d all probably agree that one of the secrets of a successful construction company is attracting and keeping highly-skilled employees. Providing benefits such as healthcare, dental insurance, and 401k plans are essential in attracting
Read more →Why Contractors Should Consider Partnering With A PEO – Part 5: Payroll & Tax Administration We all know by law you must pay your employees correctly, withhold the proper amount of taxes, garnishments, etc., and most importantly, pay them on time (to ensure happy employees!) Recently, I
Read more →Why Contractors Should Consider Partnering With A PEO – Part 4: Cash Flow Management Let’s face it, cash flow is critical for all construction business owners! One way that a PEO helps owners beat this burden is by allowing them to simply “pay as they go” for
Read more →Why Contractors Should Consider Partnering With A PEO – Part 3: HR Expertise Most construction owners would probably admit that they don’t know each of the nearly 200 Federal labor laws currently enforced by the Department of Labor, and they aren’t always familiar with the most recent
Read more →Why Contractors Should Consider Partnering With A PEO – Part 2: Time Savings Time may be considered a construction business owner’s most precious commodity. You may be able to make another dollar, but you’ll never get back the hours wasted on “pushing paper” and non-revenue generating tasks
Read more →Why Contractors Should Consider Partnering With A Professional Employer Organization (PEO) – Part 1: Intro We’ve all heard the old saying that very few things are “for sure” in this life. For business owners in the construction sector, one thing though, is for sure. It’s not getting
Read more →The Silent Killers in Construction – Part 4: State Unemployment Taxes The majority of construction company owners I’ve met with in the past year have shared with me their ongoing frustrations of rising SUTA costs (state unemployment taxes) which have ultimately increased the cost to run their
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