Outsourcing proves to be a major advantage for businesses and increases employee job satisfaction.
According to a recent study conducted by Mcbassi and Company, firms that partner with a Professional Employer Organizations (PEOs) have seen a 70% increase in revenue along with a 66% increase in overall profits. These businesses also reported failures at half (50%) of their peers who were not engaged with a PEO.
The above findings are in large part due to a PEOs ability to significantly lower operational costs in areas such a group health insurance, workers’ compensation, payroll, technology, taxes, legal compliance and 401(k) plans.
As an added bonus, the study showed that PEOs increase employee job satisfaction which lead to lower staff turnover. Small and mid-size employers can now afford Fortune 500 level services through a PEO partnership.
At BRG Advisory Group, we work with over 60 of the top HR outsourcing firms to develop customized cost-effective programs that employees love and employers can afford. We have unique PEO solutions for any industry, which means we have a solution for you.
Give us a call to learn more about how we can help your business retain employees while lowering costs.