Tool Rental Service Employee Leasing quotes
StaffMarket has PEO and employee leasing programs available for Tool Rental Service companies across the United States. Over 10,000 companies have engaged StaffMarket to provide single point access to the entire Professional Employer Organization (Peo) industry.
Like many companies, Tool Rental Service 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 Tool Rental Service company's bottom line.
While many payroll services options are available for Tool Rental Service 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 Tool Rental Service 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 Tool Rental Service 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 Tool Rental Service 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.
Access to “Fortune 500” level employee benefits is possible with a PEO… depending on your needs. A range of plans are available for PPO, HMO, and HSA programs. StaffMarket will help you find a PEO program that fits your Tool Rental Service company’s employee benefit needs. Providing a comprehensive employee benefit plans for your employees is optional with a PEO, but many employers have found that offering employee benefits like health insurance improves their employee retention and lowers their costs from turnover. Learn more about PEO Employee Benefits.
PEO companies can also assist your Tool Rental Service 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 Tool Rental Service PEO or a company that provides Tool Rental Service employee leasing services can be a smart move for your business. Let StaffMarket help your Tool Rental Service 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 Tool Rental Service 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 Tool Rental Service 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 | Lawnmower Repair Shops, Sharpening and Repairing Knives, Saws and Tools | 196 solutions available ** |
| 3421 | Except Tool-Type Shears | 210 solutions available ** |
| 3421 | Tool-Type Shears | 210 solutions available ** |
| 3423 | Hand and Edge Tools, Except Machine Tools and Handsaws | 210 solutions available ** |
| 3541 | Machine Tools, Metal Cutting Type | 210 solutions available ** |
| 3542 | Machine Tools, Metal Forming Type | 210 solutions available ** |
| 3544 | Special Dies and Tools, Die Sets, Jigs and Fixtures, and Industrial Molds | 210 solutions available ** |
| 3545 | Cutting Tools, Machine Tool Accessories, and Machinists' Precision Measuring Devices | 210 solutions available ** |
| 3545 | Cutting Tools, Machine Tool Accessories, and Machinists' Precision Measuring Devices (Except Precision Measuring Devices) | 210 solutions available ** |
| 3546 | Power-Driven Handtools | 210 solutions available ** |
| 3644 | Fish Wire, Electrical Wiring Tool | 210 solutions available ** |
PEOs offer some relief (in the form of assistance) from the regulatory burdens often faced by Tool Rental Service 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 Tool Rental Service 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
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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
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