We’ve have had the privilege of helping, consulting and befriending hundreds of small business owners over the past several years. The overwhelming majority of them all say roughly the same thing. They started their business with a vision, lots of old-fashioned sweat equity and an idea of something bigger and better. They certainly did not start their business to become an expert in human resources, payroll taxes and employment law. Inevitably, once their business hired their first, second and third employees, the non-revenue generating and time-consuming responsibilities of employee administration began. Studies show that business owners spend between 25 – 35% of their time on human resource related work. That is time away from strategic activities that lead to growth, profitability and a positive culture.
This is where a Professional Employer Organization (PEO) comes in. A PEO handles every aspect of the non-revenue generating employee administration so business owners can focus on growing their business and fulfilling their vision. PEOs provide expertise in key administrative areas like human resources, employee benefits, workers’ compensation, payroll tax and much more. Essentially, they help you spend less time IN your business and more time ON your business.