Offer Premium Benefits on a Small Business Budget
This week, I’m introducing you to a secret weapon I recommend to our clients all the time: Professional Employer Organizations (PEOs).
PEOs are a genius solution for small businesses and startups because they leverage economies of scale. Because PEOs work with lots of businesses, they can offer your employees benefits that might otherwise be out of reach, like high-quality health insurance, retirement plans, and more — often at better rates than you could get on your own.
They’re able to do this because you enter into a co-employment relationship with the PEO. Essentially, your employees are employed by your company and the PEO. You’re able to leverage the scale of the PEO’s total number of employees. PEOs also frequently handle payroll and other basic HR tasks. Pretty smart, right?
Now, imagine complementing your setup with Fractional HR services. This is where customization meets strategy. HRuprise offers the expertise and personalized touch that understands the heart and soul of your business, focusing on culture building, performance management, and strategic HR planning that aligns with our vision.
Why both? The magic happens when synergy is created between the broad capabilities of a PEO and the specialized and personalized consulting of a firm like HRuprise.
Here’s how we work with PEOs:
PEOs handle the groundwork, ensuring your business is sold in terms of payroll, benefits, and compliance, leveraging economies of scale to bring you cost-effective options for your employees.
HRuprise brings the strategic edge, focusing on building a thriving workplace culture, enhancing performance management, and ensuring your HR strategies are compliant, leading-edge, and aligned with your growth ambitions.
This dynamic duo empowers your business to operate with the efficiency of a large corporation while maintaining the agility and heart of a small business. This is the ultimate flexible strategy that is the future of support for your business.
Here’s your pro-tip: We have relationships with great PEO providers who offer huge discounts to HRuprise clients.
We’ll help you do more than just tick off HR tasks; you’ll strategically invest in your biggest asset — your people.
We’d love to talk about how to elevate your business. The future of HR is collaborative, strategic, and most importantly, tailored to your unique vision.
