Comprehensive Employee Benefit Programs to Businesses
Comprehensive employee benefit programs to businesses are offered by a professional employer organization (PEO). The PEO offers human resource outsourcing solutions to all kinds of organizations. The services provided are flexible according to the individual needs of client organizations, be they small, large or medium-sized.
The benefits that a PEO enables client companies to offer generally cover the following areas:
• Life insurance
• Employee assistance including work/life program
• Personal accident insurance
• Long term and short term disability
• Supplemental plans for cancer, accident, hospital
• Flexible spending account plan
• Individual coverage
• Prescription drug plans
• Credit union
• Adoption assistance
• Educational assistance
• Retirement services
How a PEO Can Help
The more comprehensive and attractive the benefits offered, the greater the chances for the most qualified and talented professionals to be absorbed in your organization. But benefits are expensive, something all companies (particularly small and medium-sized organizations) bent on cutting costs and ensuring sustainability cannot afford. It requires the services of a PEO, that can enable the client company to secure competitive and stable insurance rates and great coverage plans thanks to the PEO’s relationship with major providers and National PPO carriers, in order to offer the best in rewards without sacrificing on resources.
PEOs provide comprehensive employee benefit programs to businesses. Rewards make employees feel valued and appreciated. There can be no greater motivating factor for any employee. With the PEO’s service, businesses can streamline their resources to focus on their core tasks and still offer attractive benefits. It ensures morale of staff, leading to greater efficiency and eventually greater profitability.
Comprehensive employee benefit programs to businesses are one of the HR outsourcing solutions provided by a PEO, the others including payroll management, recruitment and selection, training, legal compliance, and immigration compliance. With HR management in the safe hands of a PEO, companies can get busy with their core processes.