The management of your business’s HR and payroll is a crucial part of the success of your company. However, many business owners have a difficult time with the complexity of these critical tasks. Whether it is the management of your employees’ well-deserved benefits, helping your business stay compliant with labor laws in your area, or something in between, businesses tend to do better when they have a professional handling their HR and payroll tasks.
At SWBC PEO, we specialize in partnering with businesses like yours to ensure that your employees receive the pay and benefits they deserve while you focus on achieving your goals. With our experienced team, you can rest assured that your HR and payroll needs are in expert hands, allowing you to navigate the complexities of labor laws and business ownership with confidence.
The 3 Main Advantages of Partnering with a PEO
Partnering with a PEO can offer your business a multitude of benefits. The three main advantages of this partnership, as named by the National Association of Professional Employer Organizations (NAPEO), include:
Increased Growth
If you’re running a business, growth is likely one of the main goals for which you are aiming. However, if your business is lacking a sturdy foundation in its operations, your growth can quickly become stunted. A PEO can be effective in helping your company scale more efficiently by taking on the burden of HR and payroll tasks.
PEO clients grew more than twice as much as other available national comparisons, as measured by employee growth rates by NAPEO. With the heavy lift of HR and payroll-related tasks taken off your shoulders, business owners and employees can dedicate more time and energy to driving innovation, expanding products and services, and pursuing a larger audience.
On top of the valuable benefit of taking on your administrative tasks, PEOs often have access to up-to-date technology and critical expertise. This allows you to rest assured that your HR and payroll-related tasks are in good hands. With tools to assist with boosting recruitment, analyzing performance, and enhancing employee engagement, a PEO can help your company ensure you have everything you need to nourish your company’s growth.
Lower Employee Turnover
NAPEO reported that PEO clients experienced a 12 percent lower employee turnover rate compared to non-clients in 2024. Employees are the backbone of a business, making employee retention an essential part of your business’s success.
With every new hire comes a need to search, recruit, and train — all necessary hiring steps that are draining for your business’ time and money. Employee turnover can also impact the continuity of business, ultimately affecting workplace morale and the quality of your business’ output.
PEOs can be a great resource to help you create a more attractive workplace for your employees, reducing draining turnover rates greatly. By providing a comprehensive range of employee benefits, HR support, and career development opportunities, PEOs can help keep your valuable employees happy, ultimately boosting employee retention.
If you're looking to enhance employee retention and reduce turnover within your organization, SWBC PEO is here to help! To learn more about how we can partner with you to build a happier, more dedicated workforce, click here.
Greater Resilience
NAPEO’s 2024 white paper reported that organizations who do not use a PEO are 50 percent more likely to go out of business on an annual basis than those who do. From ever-changing compliance regulations to industry shifts and economic uncertainty, the resilience of your business is key to your success. Working with a PEO grants you access to expertise and support that is often necessary for staying strong through your business’s ups and downs.
PEOs are well-versed in employment laws and requirements for maintaining compliance with constantly shifting federal, state, and local regulations. This protects your business from costly fines or legal disputes that can greatly harm a growing business.
Additionally, PEOs provide your company with the resources you need to create a stronger, healthier workforce, including employee wellness initiatives, safety programs and courses, and other resources for managing your workforce risk.
Ultimately, a PEO provides your company with the resources it needs to help it remain adaptable and prepared for shifts and challenges in your business operations.
SWBC PEO: A Partner You Can Grow With
The statistics show just how beneficial partnering with a quality HR and payroll outsourcing organization can be for your business. From boosting growth to retaining valuable talent and remaining resilient in the face of a challenge, your company’s goals can greatly benefit from a partnership with a PEO.
SWBC PEO wants to be the partner with whom you choose to grow. Our employment experts will work with you toward your goals at a fraction of the cost of hiring your own HR and payroll team. Named a Certified Professional Employer Organization (CPEO) by the IRS and accredited by the Employer Services Assurance Corporation (ESAC), you can rest assured that SWBC PEO is a partner you can trust to adhere to the best practices for your business!
Connect with SWBC PEO and let us support your employees while they support the growth of your business!
