Emily Clarke

How to Obtain a PEO Quote

A PEO, or Professional Employer Organization, can be a great resource for many businesses. With a PEO, you can outsource certain tasks that your business doesn't currently have the bandwidth or employees to handle. But, when you're looking at PEO options, you should make sure to look at your quotes carefully and choose one that best fits the needs of your business. Here are some things to consider when you're fielding PEO quotes.

Get Clear Pricing

Some PEO quotes will come bundled and some are unbundled. Bundled quotes lump all services and fees into one set price while unbundled quotes show you the cost of each service. Make sure you get a clear breakdown of pricing regardless of the type of quote you're getting. You should clearly understand what the fees are and how much you'll be paying in total.

What Benefits Does the PEO Offer and Are You Required to Utilize Them?

One of the perks of using a PEO is the fact that they often have deals with benefits and insurance providers that reduce the cost for their clients. However, if you already have the benefits package for your employees that you're happy with, make sure that the PEO doesn't require you to use theirs. This should be clearly outlined in the quote so you understand how flexible your benefits options will be.

Can You Customize Your Services?

Professional Employer Organizations offer a myriad of services, but there's a chance that your company doesn't need all of them. Make sure that the PEO you choose has flexibility and customization options for their services if that's what you're needing. Find out if you can just use the services they offer that you need, rather than their entire service offering.

Carefully Review Your Contract

Make sure the contract is favorable for your business. Make sure you have options to cancel if the relationship isn't working out. You don't want to be stuck with a PEO that isn't doing what you need them to do.

Understand PEOs More Clearly

If you're looking at PEOs and need a clearer PEO definition to help you make your decision, make sure to take the time to do your research and learn everything you need to know. This will ensure you don't rush into anything that could hurt your company.

Author Resource:-

Emily Clarke writes about employee management, benefits and payroll service. You can find her thoughts at employer organizer blog.