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PEO Business Impact Value… TIME and MONEY
Your Total number of Employees
Your Payroll Frequency / Method
Your Workplace Safety Risk Factor
Your Employee Benefits Products Offering Level
Your Turnover Rate Per Year
Frequency of Employment "Issues / Problems"
What will you do with the Saved Time?
i.e., Number of terminations/new-hires in a year, divided by baseline number of employees.
Scale of 1 to 10. Just ballpark yours. i.e., 1 = all administrative, and 10 = a roofer.
i.e., Medical, Dental, Vision, Life, STD, LTD, Retirement, Voluntary benefits, EAP, etc
i.e., Injuries, unemployment claims, disciplines, legal complaints/threats, fines, OSHA, DOL, etc
Leverage it to improve Revenue, Cashflow, and Profits? Or reduce Hours / Wages?
What is the potential hourly VALUE of the Saved Time?
Human Resources Benefits Management Workers Comp and Safety Payroll and Tax Admin
103 employment tasks, services and products in this model.
Laws not applicable to the size business you entered are automatically not included in the time estimate.
If your company is NOT doing all or most of the remaining things, there would be great value in doing so, both from the aspect of controlling employment risk, and optimizing the performance of your employees.
Workplace Safety Risk Factor -
1: totally administrative/clerical
2: exposure outside of office -
4: autobody shop
5: printing company
6: sheet metal shop
7: inside electricians
9: building erection
These are just examples. Your exact profession/profile may not be listed here.
If this Time is currently that of an administrative support person, leverage its value by having that person take administrative tasks away from Revenue Driver and Margin Impactor employees, thus “giving” the freed up admin hours to those high value people.
If this Time is currently that of upper management who drive the business, then its value is immediately obvious.
If these hours can be eliminated, ensure you enter the TOTAL cost of wages, taxes, and benefits.
Included in PEO services is the handling of payroll through a very advantageous co-
Additional costs replaced may include 125 plan fees, retirement plan fees, employment related legal costs, etc. And other costs that may be reduced include drug testing fees, background checks and more.
In addition to saving money on Employee Benefits through a PEO's larger group, many clients use this method to significantly enhance their benefits offering, at a fraction of the cost of doing so themselves. This gives them a competitive edge in attracting and retaining the best employees. Be sure to include your total costs (not just employer portions) of Medical, Dental, Life, Disability, etc.
A PEO's larger group may allow a client to receive lower WC costs. Plus enhanced safety initiatives further reduce risk, and improve productivity.
Many businesses now carry Employment Practices Liability Insurance (EPLI) and spend additional monies to protect themselves from the highly regulated and highly litigious employment environment.
A PEO client may be covered by ELPI insurance the PEO, and the PEO legal relationship further protects the client against employment risks.
Disclaimer: This tool's sole purpose is to illustrate reasonable potential value that might be available from a relationship with The Applied Companies PEO, based on the general business model of recovering time from outsourcing, joining a larger group for its better buying power, and getting access to better employment expertise. The numbers illustrated are not guaranteed in any way and may be different based on variables not contemplated in this simple model. This model does not constitute a proposal nor a quote for PEO services.
PEO Value Illustrator Instructions:
PEOs provide great value to all small/mid sized businesses (SMBs) for many different reasons that will vary depending
on the client's type of business and employment profile. Advantages for a 20 employee landscaping firm will be different than those for a 12 employee CPA firm or a 40 employee manufacturer. This tool is just a quick way to realistically APPROXIMATE the value your company may receive from The Applied Companies. It does not constitute a proposal nor a quote for services. When you're done please give us a call for no-
Clicking Next will take you to a "Quik Profile", 8 question value estimater tool that only takes a minute or so.
If you want a more custom value estimate for your comany profile, click the "Detailed Profile" link on the menu.
This web page does not "save". When you're done creating your own worksheet, use the print button at the upper left to print a copy.
If you type a number in an entry, and you want to take it out, type a zero (0) instead of using the delete key.
An example profile has been pre-