Well Drilling (water) Contractor Companies - Employee Leasing Solutions, PEO Programs and Insurance for Workmans Comp Coverage

PEO programs for Well Drilling (water) Contractor companies

Well Drilling (water) Contractor Employee Leasing quotes

StaffMarket has PEO and employee leasing programs available for Well Drilling (water) Contractor 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.

When your Well Drilling (water) Contractor 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 Well Drilling (water) Contractor business will be able to focus on new sales and revenue growth.

What can a PEO do for your company?

Payroll Services

When your Well Drilling (water) Contractor company hires a professional employer organization, payroll is part of the package. The PEO will handle all payroll calculations. You set the pay rates and report the hours and the PEO does the rest. All taxes, withholding and benefits premiums (if desired) are deducted from the payroll checks and remitted to the proper taxing authorities or benefit carriers. In addition pre-tax (section 125 treatment) values are calculated so that your staff gets the maximum tax advantage possible. Payroll amounts may be delivered via check (including multiple locations) or direct deposited to the employee’s bank. Learn more about PEO payroll services.

Workers’ Compensation Insurance

When you join a PEO, workers compensation insurance is part of the package. Depending on your claims history many Well Drilling (water) Contractor 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 companies can be a challenge, however StaffMarket can help you find a program that fits your company.Learn more about PEO workers compensation insurance.

Employee Benefits and Health 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 Well Drilling (water) Contractor 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.

Human Resources Administration

PEO companies can also assist your Well Drilling (water) Contractor 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.

Well Drilling (water) Contractor - PEO and Employee Leasing Considerations

Hiring a Well Drilling (water) Contractor PEO or a company that provides Well Drilling (water) Contractor employee leasing services can be a smart move for your business. Let StaffMarket help your Well Drilling (water) Contractor company review all of the PEO alternatives available in marketplace and find the best fit for you.

To discuss the viability of a Well Drilling (water) Contractor PEO or Well Drilling (water) Contractor 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 Well Drilling (water) Contractor Employee leasing quotes for your company.

How many PEO and Employee Leasing companies can service your Well Drilling (water) Contractor 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 Well Drilling (water) Contractor companies and associated SIC codes - Standard Industrial Classification.

StaffMarket’s counts of PEO companies covering these related business types:

SIC CodeIndustry DescriptionStaffMarket PEO Count
1381Drilling Oil and Gas Wells206 solutions available **
1781Water Well Drilling209 solutions available **
6514Operators of Dwellings Other Than Apartment Buildings222 solutions available **
7359Oilfield and Well Drilling Machinery and Equipment Rental and Leasing211 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 Well Drilling (water) Contractor companies. According to an updated 2010 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 $8,086 $10,585 $7,454 $7,755
Economic $5,153 $4,120 $4,750 $5,835
Environmental $1,523 $4,101 $1,294 $883
Tax Compliance $800 $1,584 $760 $517
OSHA and Homeland Security $610 $781 $650 $650

According to this SBA study, the regulatory costs for just Economic and Tax compliance averages $6,352 per employee per year for companies with less than 500 employees. PEO and employee leasing programs often cost less than one third this amount. PEO and employee leasing programs can help reduce federal regulatory costs to your Well Drilling (water) Contractor 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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Phone: 941-750-9450 - Fax: 877-471-5608
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