Why Would A Business Use a PEO?
PEOs allow business owners to transfer most of the risks and liabilities of being an employer to a professional third party.
Since 1980, the number and complexity of employment laws affecting businesses has grown dramatically. The National Association of Professional Employer Organizations (NAPEO) created the following graphic to help illustrate the growth in employment related laws and regulations:
Very few small businesses can afford the expertise required to assure compliance with all of the labor laws that affect their business. Entering into a co-employment relationship with a PEO gives your business access to a full time staff at a fraction of the cost.
Visit our Resource Center to view a list of Federal Labor Laws by Number of Employees and the impact they have on your business.
PEOs Allow Business Owners to Spend More Time with Customers
As the graphic illustrates, it is easy to see how business owners are forced to spend more time, energy, and effort on human resources, labor law compliance, workers’ compensation, risk management, employee benefits and payroll. But your customers don’t pay your business for that time. Entering into a co-employment relationship with Rampart Advisors immediately increases the amount of time spent on revenue producing activities and helps you grow your business and develop better relationships with your customers.
PEOs Allow Businesses to Attract and Retain the Most Qualified Employees
Very few small businesses can afford the benefit packages offered by their larger competitors. But the most qualified employees want and deserve comprehensive healthcare coverage and a secure retirement plan from their employer. Entering into a co-employment relationship with Rampart Advisors makes you part of a larger group and gives your workforce access to benefit plans negotiated, sponsored, and managed by our professional benefits team. Many times you are able to offer better benefits and more choice and put your business in a position to attract and retain the best employees to help grow your business.
