What Are The Differences Between Employee Leasing Companies?

Employee Leasing/PEO services can provide the impact your business needs in reducing employee related costs. But with over 1000 providers to choose from, the amount you'll save and the services you want require a selective approach.
By: Mike Burgelin
 
March 22, 2010 - PRLog -- If you've heard the buzz regarding employee leasing services and are ready to see if the benefits can improve your company, realize that each employee leasing company is different (just like your business), and unique in their offerings. Their workers' compensation rates and employee benefit plans have very distinct differences in coverage and costs. Each employee leasing company will service different industries, markets and states. Please take a moment to review just a few of the differences between employee leasing providers:

Workers’ Compensation Insurance Differences:

•   Costs
•   States of coverage
•   Rated and non – rated carriers
•   Risk acceptance. Will they approve your line of work?
•   The ability to approve high experience modifiers or a bad claims history
•   Some have per claim deductibles - others don’t
•   True risk management or just a handbook?


Health Care Plan Differences:

•   Costs
•   Blue Cross & Blue Shield
•   Aetna
•   Humana
•   United Healthcare
•   What’s their annual renewal history?
•   Deductible options, co-pays and plans
•   Will leasing provider apply credits to deductibles paid in if moving during the plan year
•   Management carve-outs, choice of plans for each employee
•   Do you have employees in several states?
•   Will provider show up for group enrollment or expect you to do the work?

Payroll Administration Differences:

•   Major pricing differences
•   Per check charge or payroll driven percentage
•   Charges or no costs for: employee enrollment, garnishments, new hires
•   Delivery costs can vary dramatically from $0 - $25 per payroll
•   Remote check printing options
•   Direct deposit
•   Pay cards
•   Secure, 24 hour online access to your company information


Other Differentiating Services:

•   401(K) costs and annual fees.
•   Employer Practices Liability Insurance (EPLI). Charges and deductibles
•   Long and short term disability insurance
•   Life insurance options
•   Multiple Dental & Vision plans


With over 1000 professional employer organizations to choose from, we make it simple to bypass the research, appointments, sales interviews and follow-up phone calls associated with searching for a PEO organization who can deliver the benefits you need. For over a decade now, our experience working with PEO providers make it easy for you relax while multiple employee leasing services - compete for your business.

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About Us:

Employee Leasing Quotes.com is the easiest way to get competing proposals from top rated providers that deliver the benefits your company needs.

Employers have looked to us for HR outsourcing guidance for over 10 years. Join our list of success stories that have saved over $42 million dollars in health and workers' compensation premiums and more importantly, taken control of their business. You'll feel comfortable when you talk to us. We listen, ask questions and simplify the process. We’re here to help.
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