Contracting With a PEO As a Means of Retaining Talent
Talent retention is currently one of the hottest topics in American business. As employers strive to meet the challenges of what is now being called the Great Renegotiation, they are looking at every possible means to keep the current workforce intact. For smaller companies, one possible strategy might be contracting with a professional employer organization (PEO).
Dallas-based BenefitMall acts as a general agency that connects carriers and brokers to provide employee benefits and HR services. They say there are currently more than 700 PEO providers across the country. BenefitMall also explains that contracting with a PEO is essentially entering a co-employment arrangement in which the PEO handles most HR functions while the client manages day-to-day operations.
PEOs and Company Growth
While companies engaged with PEOs typically have fewer than 80 employees, partnering with the PEO often leads to growth. In fact, companies with PEO contracts tend to grow 7-9% …
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