There are many industries that are benefiting greatly from the advent of PEO (Professional Employer Organization) companies. Among such industries, roofing companies must be at the top. This is due to the presence of roofers who employ people indirectly to save money that is a must for legitimately run roofing organizations. There are workers, who just to get paid jobs are willing to work for unscrupulous companies. But all this has changed with the advent of PEO services.
When bidding on tasks, legitimately run roofing companies not only have to think about materials and workers’ wages, but also payroll taxes and workers’ compensation costs. The big roofers lost their competitive advantage to roofers who employed people with cash and got new workers after getting new jobs every time. Such roofers did not have to follow all state rules and regulations regarding payroll taxes and worker’s compensation.
Again, before these PEO companies came on the scene, small and new roofing companies had little choice when it came to choosing insurance companies for workers’ compensation, etc. The big insurance companies obviously liked to work with big roofing companies with a proven track record of safety. This meant that small businesses were at a disadvantage compared to the large, established roofing companies. They had no choice but to opt for the services of the state workers’ compensation program, which increased their premium costs too much and made them lose their competitiveness.
But when roofers partner with an efficient PEO company, these PEO companies take care of all your worries about employee issues. Whether it’s payroll taxes or workers’ compensation premiums, PEO Company takes care of all the hassles, resulting in big savings for roofers, regardless of company size. On average, roofing business owners have increased savings of 15% to 40% on workers’ compensation packages when they use the services of a PEO company. In stark contrast to large insurance companies that require thousands of dollars to start such a compensation package, PEO companies require only a few hundred dollars up front for these services.
This is not all, as the PEO Company also takes on the responsibility of managing payroll, which is nothing short of a headache for roofers. This reduces the time and effort of roofing companies, allowing them more time to focus on business activities.