Bicycle Repair Employee Leasing quotes
Bicycle Repair 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 Bicycle Repair business can obtain access to competitively priced workers’ compensation insurance and provide better employee benefits for their employees.
Your Bicycle Repair 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 Bicycle Repair 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 Bicycle Repair company’s opportunity for success and profit.
While many payroll services options are available for Bicycle Repair 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 Bicycle Repair 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.
If your Bicycle Repair company is located in any state except Texas, workers’ compensation insurance coverage is mandated by your state government. Companies operating without a policy to cover employees risk significant fines and personal liability for on the job injuries. When you hire a PEO, their work comp policy provides the coverage for your employees. A PEO will also work to establish a safety program for your Bicycle Repair company and ensure that all claims are managed. Work comp insurance can be a significant for many business and PEOs can often offer a significant savings. Learn more about PEO workers' compensation insurance.
As the cost for health insurance has spiraled in the last few years, PEOs have been at the forefront of the battle to constrain costs for Bicycle Repair companies and other small (and mid-sized) employers. If your company wants to offer your employees access to an array of benefits provided by the nation’s best insurance carriers, you need to investigate employee leasing with a PEO. Learn more about PEO Health Insurance and Employee Benefits.
Using a PEO can help administrate your Bicycle Repair 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 Bicycle Repair PEO or a company that provides Bicycle Repair employee leasing services can be a smart move for your business. Let StaffMarket help your Bicycle Repair 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 Bicycle Repair 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 Bicycle Repair 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 |
| 7699 | Retailing New Bicycles from a Storefront and Repairing Bicycles | 198 solutions available ** |
| 5941 | Sporting Goods Stores and Bicycle Shops | 209 solutions available ** |
| 3944 | Games, Toys, and Children's Vehicles, Except Dolls and Bicycles | 208 solutions available ** |
| 3751 | Motorcycles, Bicycles, and Parts | 210 solutions available ** |
PEOs offer some relief (in the form of assistance) from the regulatory burdens often faced by Bicycle Repair 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 Bicycle Repair 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
Research Employee Leasing and PEO programs for other business types.
431 12th Street West, Suite 202
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Phone: 941-750-9450
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