Labor Agent Employee Leasing quotes
If you own or manage a Labor Agent 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.
When your Labor Agent companies engages a PEO, the PEO will act as your outsourced human resources department. Your managers will have time to focus on growing the business instead of handling administrative tasks. By eliminating the non-revenue producing activities like payroll, tax filing, unemployment claims management, worker’s compensation insurance administration and benefit plan management, your Labor Agent business will be able to focus on new sales and revenue growth.
While many payroll services options are available for Labor Agent 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 Labor Agent 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 Labor Agent 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 Labor Agent 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 Labor Agent 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 Labor Agent 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 Labor Agent PEO or a company that provides Labor Agent employee leasing services can be a smart move for your business. Let StaffMarket help your Labor Agent 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 Labor Agent 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 Labor Agent 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 |
| 761 | Farm Labor Contractors and Crew Leaders | 204 solutions available ** |
| 7384 | Photofinishing Laboratories | 209 solutions available ** |
| 7384 | Photofinishing Laboratories (Except 1-Hour) | 209 solutions available ** |
| 7699 | Dental Instrument Repair, Laboratory Instrument Repair, Medical Equipment and Other Electronic and Precision Equipment Repair, Except Typewriters | 196 solutions available ** |
| 8071 | Medical Laboratories | 204 solutions available ** |
| 8071 | Medical Laboratories, Except Diagnostic Imaging Centers | 204 solutions available ** |
| 8072 | Dental Laboratories | 206 solutions available ** |
| 8631 | Labor Unions and Similar Labor Organizations | 209 solutions available ** |
| 8734 | Testing Laboratories | 205 solutions available ** |
| 5995 | Except Optical Laboratories Grinding Prescription Lenses | 209 solutions available ** |
| 3821 | Laboratory Apparatus and Furniture | 210 solutions available ** |
| 3826 | Laboratory Analytical Instruments | 210 solutions available ** |
| 3596 | Scales and Balances, Except Laboratory | 210 solutions available ** |
PEOs offer some relief (in the form of assistance) from the regulatory burdens often faced by Labor Agent 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 Labor Agent 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
(get map)
Phone: 941-750-9450
-
Fax: 877-471-5608
Office hours are 9:00am to 5:00pm EST
Send e-mail to:
StaffMarket Information
Copyright
2008
StaffMarket Services. All rights reserved.
StaffMarket and StaffMarket.com are registered trademarks of StaffMarket Services, LLC.
Patent Pending
