By: Bill Lyons
If someone told you that you could lower your employee turnover, improve your company’s chances of survival and increase your revenue just by outsourcing your HR would you believe them? Probably not. But it’s true if you partner with a professional employer organization (PEO) like Lyons HR.
When you’re not worried about employer responsibilities you can focus on growing your bottom line and allow your employees to direct all their energy towards serving customers. PEOs handle the payroll, benefits, tax administration, and workers’ compensation, while providing peace-of-mind with risk management and HR compliance. At Lyons HR, our team of HR experts takes the hassles of being an employer off your plate so you can focus on why you started your business in the first place. After all, that’s why we started our business and why Lyons HR has grown to become one of the largest PEOs in the country.
Research from the National Association of Professional Employer Organizations (NAPEO), shows that businesses that use a PEO grow 7 to 9 percent faster than businesses that do not use a PEO. The same research shows that PEO clients have 10 to 14 percent lower rates of employee turnover and are 50 percent less likely to go out of business. Moreover, NAPEO studies have shown that annual revenue growth of PEO clients was twice that of non-PEO clients; and PEO clients were 16% more likely to report an increase in profitability. That’s why research also found that 98% of business owners who use a PEO would recommend one to fellow business owners.
Are you worried about your employees? Don’t panic. PEOs don’t replace your employees, set their wages or assign their tasks and responsibilities. But we do provide Fortune-500 level benefits which makes attracting and retaining quality employees easier. And our full-service HR department can customize employee training programs and implement other workplace strategies that maximize employee engagement. Happy employees are more productive which leads to greater profitability for your company. Millions of employees and hundreds of thousands of small businesses across the country benefit from working with a PEO every day. Lyons HR has been serving clients and helping businesses grow since 1995.
You started your business because of a great idea, not because you wanted to manage employee paperwork and compliance. Isn’t it time you learned one of the best kept secrets in business? Find out how a PEO can power your business so you can grow, thrive and succeed.