Bed And Breakfast Employee Leasing quotes
Bed And Breakfast companies across the United States are often turning to PEOs and employee leasing programs to improve operating efficiencies in their companies. Companies involved in the Bed And Breakfast business can obtain access to competitively priced workers’ compensation insurance and provide better employee benefits for their employees.
Your Bed And Breakfast company is in business to make money. As a business manager your goals should be simple. Increased revenue (sales), decreased costs (expenses) equals more profit. However many times the administrative aspects of running a Bed And Breakfast business can overwhelm even the hardest working owners and managers. Spending precious executive time handling these tasks often means that a focus on revenue growth gets shortchanged. Engaging a PEO to handle these non-revenue producing activities can improve your Bed And Breakfast company’s opportunity for success and profit.
While many payroll services options are available for Bed And Breakfast companies, a professional employer organization (PEO) will take it one step further. In addition handling all payroll calculations for wages, taxes and benefits deductions, a PEO will also directly remit amounts due to the taxing authorities (state and federal) and also provide all insurance premiums to the carrier. Your company avoids the risk of fines for late payments. A PEO will ensure that your Bed And Breakfast company employees get advantageous tax treatment (section 125) so that any deductions for health insurance get deducted prior to tax calculations. Learn more about PEO payroll services.
When you join a PEO, workers compensation insurance is part of the package. Depending on your claims history many Bed And Breakfast companies have found that using a PEO offers significant savings for work comp insurance. A PEO will provide advice on workplace safety so that employee injuries are minimized. In addition, no large deposits are required since the work comp insurance is “pay as you go”. Finding a PEO that provides work comp coverage for
Access to “Fortune 500” level employee benefits is possible with a PEO… depending on your needs. A range of plans are available for PPO, HMO, and HSA programs. StaffMarket will help you find a PEO program that fits your Bed And Breakfast company’s employee benefit needs. Providing a comprehensive employee benefit plans for your employees is optional with a PEO, but many employers have found that offering employee benefits like health insurance improves their employee retention and lowers their costs from turnover. Learn more about PEO Employee Benefits.
Using a PEO can help administrate your Bed And Breakfast company workforce. PEOs offer a full suite of HR related services that ensure your company is following the best practices available for your workers. The HR area can be a mine field of risks for the managers with out formal HR training or on-call expertise. Learn more about PEO HR Administration.
Hiring a Bed And Breakfast PEO or a company that provides Bed And Breakfast employee leasing services can be a smart move for your business. Let StaffMarket help your Bed And Breakfast company review all of the PEO alternatives available in marketplace and find the best fit for you.
Note: HR Outsourcing services are available as a Professional Employer Organization (PEO) or by providing HR administrative services as an Administrative Services Organization (ASO). Contact StaffMarket for assistance with the HR Outsourcing types and options available and to get Bed And Breakfast Employee leasing quotes for your company.
StaffMarket’s national database of Professional Employer Organization - PEO capabilities contains information about the types of companies that can provide workers’ compensation insurance for Bed And Breakfast companies and associated SIC codes - Standard Industrial Classification.
StaffMarket’s counts of PEO companies covering these related business types:
| SIC Code | Industry Description | StaffMarket PEO Count |
| 7011 | Bed and Breakfast Inns | 206 solutions available ** |
| 3842 | Incontinent and Bed Pads | 211 solutions available ** |
| 2515 | Mattresses, Foundations, and Convertible Beds | 211 solutions available ** |
| 2599 | Hospital Beds | 211 solutions available ** |
| 2599 | Except Hospital Beds | 211 solutions available ** |
| 3429 | Convertible Bed Sleeper Mechanisms and Chair Glides | 211 solutions available ** |
PEOs offer some relief (in the form of assistance) from the regulatory burdens often faced by Bed And Breakfast companies. According to a 2005 study provided by the Small Business Administration (See Page 13), the regulatory burdens on small and medium sized business are:
Type of Regulation |
All Firms |
<20 Employees |
20-499 employees |
500+ employees |
| All Federal Regulations | $5,633 | $7,647 | $5,411 | $5,282 |
| Economic | $2,567 | $2,127 | $2,372 | $2,952 |
| Workplace | $922 | $920 | $1,051 | $841 |
| Environmental | $1,249 | $3,296 | $1,040 | $710 |
| Tax Compliance | $894 | $1,304 | $948 | $780 |
According to this SBA study, the regulatory costs for Workplace compliance and Tax compliance averages $2,000 per employee per year for companies with less than 500 employees. PEO and employee leasing programs often cost less than half this amount. PEO and employee leasing programs can help reduce federal regulatory costs to your Bed And Breakfast company or any other type of business. In addition this table does not include any costs for State regulatory burdens (like state unemployment taxes or state imposed workers’ compensation insurance costs). These costs are often significant amounts in addition to the amounts shown here. Learn more about PEO and employee leasing cost savings.
StaffMarket Services, LLC
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431 12th Street West, Suite 202
Bradenton, Florida 34205
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Phone: 941-750-9450
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