Raw Material Mining Companies - Employee Leasing Services, PEO Services and Worker's Compensation Insurance Coverage
PEO programs for Raw Material Mining companies
Raw Material Mining Employee Leasing quotes
Raw Material Mining 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 Raw Material Mining business can obtain access to competitively priced workers’ compensation insurance and provide better employee benefits for their employees.
Like many companies, Raw Material Mining business owners and managers have discovered that as their business grows, the administrative aspects require more and more time. Eventually the company needs to hire additional administrative staff or outsource those tasks to a third party. As the regulatory and legal environment for business gets more complicated many companies have hired a PEO or employee leasing company to handle those non-revenue producing activities that do not enhance the Raw Material Mining company's bottom line.
What can a PEO do for your company?
Payroll Management
Regardless of the way a Raw Material Mining company handles payroll, a PEO will work with your preferred method. PEOs are adept at handling all types of payrolls including, hourly, salaried commissioned and piece-work based wages. A PEO will also handle all tax withholding and payments to the government. Using a PEO ensures that your payroll is handled properly. Learn more about PEO payroll services.
Work Comp Insurance Administration
PEOs offer a great workers’ compensation insurance program for Raw Material Mining companies. Obtaining competitively priced coverage is part of the program when you join a PEO. A Peo will provide your employees with work comp coverage (mandated in all states except Texas). In addition a PEO will help establish or improve your Raw Material Mining company safety program. All claims are against the policy of the PEO and they will work to ensure claims are administered fairly and in a timely fashion. All PEO programs are “pay-as-you-go” and eliminate the need to make a large insurance deposit in order to get coverage in place. Learn more about PEO workers compensation insurance.
Health Insurance and Benefits
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 Raw Material Mining 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.
Human Resources Administration
PEO companies can also assist your Raw Material Mining 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.
Raw Material Mining - PEO and Employee Leasing Considerations
Hiring a Raw Material Mining PEO or a company that provides Raw Material Mining employee leasing services can be a smart move for your business. Let StaffMarket help your Raw Material Mining company review all of the PEO alternatives available in marketplace and find the best fit for you.
To discuss the viability of a
Raw Material Mining PEO or
Raw Material Mining employee leasing services, contact StaffMarket for free quotes and consultation.
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
Raw Material Mining Employee leasing quotes for your company.
How many PEO and Employee Leasing companies can service your Raw Material Mining 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 Raw Material Mining 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 |
| 171 | Strawberry Farms | 202 solutions available ** |
| 3952 | Drawing and India Ink | 210 solutions available ** |
| 4789 | Horse-drawn Cabs and Carriages | 205 solutions available ** |
| 5159 | Farm-Product Raw Materials, NEC | 209 solutions available ** |
| 3315 | Steel Wiredrawing and Steel Nails and Spikes | 208 solutions available ** |
| 3315 | Steel Wire Drawing | 208 solutions available ** |
| 3315 | Nails, Spikes, Paper Clips, and Wire, Not Made in Wire Drawing Plants | 208 solutions available ** |
| 3351 | Rolling, Drawing, and Extruding of Copper | 206 solutions available ** |
| 3355 | Aluminum Rolling and Drawing, NEC | 208 solutions available ** |
| 3356 | Rolling, Drawing, and Extruding of Nonferrous Metals, Except Copper and Aluminum | 208 solutions available ** |
| 3357 | Drawing and Insulating of Nonferrous Wire | 205 solutions available ** |
| 3357 | Aluminum Wire Drawing | 205 solutions available ** |
| 3357 | Copper Wire Drawing | 205 solutions available ** |
| 3357 | Wire Drawing Except Copper or Aluminum | 205 solutions available ** |
** All 50 states. The best PEO solutions will also depend on your operating state. Your StaffMarket
Request for PEO quotes will narrow this number to only solutions available in your area.
Estimated Federal Regulatory Costs per Employee:
PEOs offer some relief (in the form of assistance) from the regulatory burdens often faced by Raw Material Mining 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
Raw Material Mining
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.
Research Employee Leasing and PEO programs for other business types.
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