Uncovering the Power of PEO Consultancy: How Employer Solutions Provided a Local Electric Company $27k in Annual Savings

Introduction

In the competitive landscape of business, every dollar saved can make a significant difference. This is a story about how a local electric company in Sarasota County, with a history spanning over 30 years and a team of 21 dedicated employees, discovered the financial benefits of partnering with Employer Solutions, a leading PEO consultancy. This case study explores how Employer Solutions was able to provide the company $27k in annual savings on their PEO and health costs, demonstrating the power of effective PEO consultancy.

The Client: A Long-Standing Electric Company in Sarasota County

Our client is a reputable electric company that has been serving the Sarasota County community for more than three decades. With a team of 21 skilled employees, they had been with their previous PEO for five years. However, they were actively seeking ways to reduce their PEO-related costs without compromising the quality of their employee benefits. This is where Employer Solutions stepped in.

The Solution: Employer Solutions PEO Consultancy

Employer Solutions is a PEO consultancy that specializes in helping businesses optimize their PEO costs. They offer a comprehensive range of services, including payroll, workers’ compensation, human resources, risk management, employer practices liability insurance, and employee benefits. By leveraging their expertise and industry connections, Employer Solutions is able to provide businesses with cost-effective solutions that meet their unique needs.

“PEOs have better access to the health insurance options and carriers and ancillary options that you and your employees want. In this partnership, the business will come away with all the perks, including not having to manage the business/carrier relationship, not carrying the burden of searching for new plans each year or having to force yourself to understand what changed in each plan and why. This is the job of the PEO.” – Employer Solutions

The Results: Significant Annual Savings and Enhanced Benefits

Through their partnership with Employer Solutions, the electric company was able to save $17k on their PEO costs between admin fees and workers’ comp. Additionally, they saved $10k a year on their health costs. These savings were achieved without compromising the quality of their employee benefits, proving that businesses can indeed have the best of both worlds.

“Employer Solutions is saving businesses up to 30% or more off your total payroll burden by customizing coverage and tailoring products & services to meet your business needs and exceed your expectations.” – Employer Solutions

The Impact: A Win-Win Situation

The impact of these savings extends beyond the financial aspect. By reducing their PEO and health costs, the electric company was able to allocate more resources towards their core business operations and employee development initiatives. This not only improved their bottom line but also enhanced their employee satisfaction and retention rates.

Conclusion: The Power of PEO Consultancy

This case study is a testament to the power of PEO consultancy. By partnering with Employer Solutions, the electric company was able to significantly reduce their costs while still providing their employees with excellent benefits. It’s a win-win situation that more and more businesses are starting to recognize.