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Which Employee Benefits Should You Be Offering?

This has been a big topic and question asked recently, so I thought I would share with you what we do.
We use a PEO which stands for Professional Employee Organization. It’s definition: an outsourced HR department. We are are able to offer a wide variety of benefits to our employees because we use a PEO. Before going with the PEO, we were only able to offer 401K along with our vacation & personal time. They are a one stop shop for all your HR and employee benefit needs.

They offer the following benefits at a group rate for our employees: health insurance, vision insurance, life insurance, short/long term disability as well as flexible spending accounts. Our PEO takes care of our payroll, worker’s comp, 401K, vacation time, sick time, personal time, unemployment claims management and maintains our employee personnel files. All I do is report hourly numbers to the PEO office bi-weekly. We don’t pay for the benefits for our employees but you could pay a % or a dollar amount towards their benefits if you wish. A great service provided by the PEO is keeping track of all of the vacation, personal time, etc. and logging it on the employees pay stub each pay period. We have also opted to go completely paperless, so there is a direct deposit and employees are given a login to review and print their pay stub if needed. The employee can go online and print off the whole year if needed. I don’t have to go back and find all the pay stubs and recreate them like I used to do if an employee was buying a house and needed three months of pay stubs they lost. Does that sound familiar?

A real benefit of working with a PEO company is that they make sure you are always compliant and up to date with labor laws. If anything changes, they let you know and send out a new labor law poster to be posted. I have to confess, I was always hesitant to delegate this type of task because I didn’t think it took me very much time. However, 15 minutes here and there really does add up and I didn’t realize how much time I was spending on these tasks until I turned them over to the PEO. They have made handling any HR matter so much more efficient and we are able to offer many of the benefits of a large company. For that, I am forever grateful. The PEO we use is Merit Resources. Google them or contact me and I would love to help!

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