Fee Management Employee Leasing quotes
Fee Management 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 Fee Management business can obtain access to competitively priced workers’ compensation insurance and provide better employee benefits for their employees.
Your Fee Management 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 Fee Management 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 Fee Management company’s opportunity for success and profit.
While many payroll services options are available for Fee Management 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 Fee Management 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 Fee Management 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 Fee Management 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.
Finding a PEO that provides the “best-fit” employee benefits program for your Fee Management company can be challenging. PEOs offer a wide variety of coverage plans and administrative options for managing your employee benefits plans. As the cost for health insurance has increased, PEOs have worked hard to keep costs in check. Contact StaffMarket for more information about PEO benefit plans available for your Fee Management company. Learn more about PEO Health Insurance and Employee Benefits.
PEO companies can also assist your Fee Management company handle various HR issues like employee handbooks and pre-employment background screening. A PEO will act as your off-site HR department and will assist will all HR related subjects. With the increased litigation occurring regarding HR related areas, having a HR expert on your team is benefiting companies across the USA. In addition it ensures that your most valuable resource… your employees and managers, are getting solid guidance on HR related subjects.Learn more about PEO Human Resources Administration.
Hiring a Fee Management PEO or a company that provides Fee Management employee leasing services can be a smart move for your business. Let StaffMarket help your Fee Management 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 Fee Management 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 Fee Management 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 |
| 211 | Beef Cattle Feedlots | 205 solutions available ** |
| 212 | Beef Cattle, Except Feedlots | 206 solutions available ** |
| 2043 | Coffee Substitute | 209 solutions available ** |
| 2048 | Prepared Feed and Feed Ingredients for Animals and Fowls, Except Dogs and Cats | 208 solutions available ** |
| 2087 | Coffee Flavoring and Syrups | 211 solutions available ** |
| 2087 | Flavoring Syrup and Concentrate, Except Coffee | 211 solutions available ** |
| 2087 | Flavoring Extracts, Except Coffee, and Natural Food Colorings | 211 solutions available ** |
| 2095 | Roasted Coffee | 211 solutions available ** |
| 7389 | Distribution of Telephone Directories on a Fee or Contract Basis | 196 solutions available ** |
| 4789 | Dining Car Operations on a Fee or Contract Basis | 206 solutions available ** |
PEOs offer some relief (in the form of assistance) from the regulatory burdens often faced by Fee Management 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 Fee Management 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
Bradenton, Florida 34205
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Phone: 941-750-9450
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Fax: 877-471-5608
Office hours are 9:00am to 5:00pm EST
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