Evaluating PEO Proposal solutions for your company

Understanding your PEO quotes

The StaffMarket Request for Proposals (RFP) process delivers competitive quotes for PEO and HR Outsourcing solutions from our broad membership of providers. At StaffMarket our goal is to help your company understand the value using a Professional Employer Organization can provide for your company.

The Key Steps to shopping for the right PEO are:

	1) Create your StaffMarket RFP to identify the most appropriate PEO service providers.
	2) Obtain multiple PEO quotes and narrow the field to the “top” PEO companies.
	3) Evaluate the value being offered in each PEO proposal in direct financial terms for your company .

After obtaining proposals for PEO and HR Outsourcing services, evaluating the value of each proposal for your company is the final step to making a decision. When evaluating your PEO quotes there are four major financial areas to consider.

PEO Value Analysis Components	Your Current Cost Data	PEO Proposal #1	PEO Proposal # 2
1) HR and Administrative Costs	*Estimated by StaffMarket*	*From PEO Proposal*	*From PEO Proposal*
2) Workers’ Compensation Insurance Costs	*From your Insurance DEC page*	*From PEO Proposal*	*From PEO Proposal*
3) State Unemployment Taxes (SUTA) Costs	*From your 941 or state regulatory agency*	*From PEO Proposal*	*From PEO Proposal*
4) Health and Supplemental Benefits Costs	*From your current insurance carrier*	*From PEO Proposal*	*From PEO Proposal*
Estimated PEO Value	Total Current Costs	Proposal #1 Value / Cost Savings	Proposal #2 Value/ Cost Savings

StaffMarket can provide your company with a customized financial analysis that demonstrates the value of engaging each quoting PEO. For CFOs and Controllers this financial analysis is critical.

The following examples are PEO Value Analysis we have recently prepared for some of our client companies. The names of the client companies and PEOs have been removed but it will give you an idea of how we can help evaluate your options.

Acrobat Reader Required	Business Type	Major Driver	Annual Wages	Employee Count	Amount Saved	Quotes Evaluated
Example #1 PEO Value Analysis	Private Country Club	Work Comp administration	$1,225,000	80	$15,000 - 65,000	4
Example #2 PEO Value Analysis	Multistate Electrical Contractor	Administrative relief and health insurance	$9,100,000	360	$235,000 - 289,000	2

Whether your PEO quotes are delivered with bundled pricing or unbundled, our analysis can help you understand the right answers for your company. We have assisted hundreds of clients evaluate PEO solutions and will be glad to assist you

StaffMarket Services, LLC
431 12th Street West, Suite 202
Bradenton, Florida 34205 (get map)
Phone: 941-750-9450 - Fax: 877-471-5608
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