Holding Company Employee Leasing quotes
If you own or manage a Holding Company company, StaffMarket may have a PEO – employee leasing program that can help your company. Professional Employer Organizations (PEO) have helped thousands of small and mid-sized businesses obtain better employee benefits for their employees and access competitively priced workers’ compensation insurance.
Your Holding Company 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 Holding Company 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 Holding Company company’s opportunity for success and profit.
While many payroll services options are available for Holding Company 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 Holding Company 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 Holding Company 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
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 Holding Company 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 Holding Company 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 Holding Company PEO or a company that provides Holding Company employee leasing services can be a smart move for your business. Let StaffMarket help your Holding Company 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 Holding Company 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 Holding Company 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 |
| 67 | Holding and other investment offices | 210 solutions available ** |
| 6712 | Offices of Bank Holding Companies | 210 solutions available ** |
| 6719 | Offices of Holding Companies, NEC | 209 solutions available ** |
| 3523 | Farm Machinery and Equipment (Except Corrals, Stalls, Holding Gates, Hand Hair Clippers for Animals, Farm Conveyors, and Elevators) | 210 solutions available ** |
| 3523 | Corrals, Stalls, Holding Gates | 210 solutions available ** |
PEOs offer some relief (in the form of assistance) from the regulatory burdens often faced by Holding Company 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 Holding Company 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.
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