PEO Benefits for Health Insurance Brokers and Their Small and Medium-Sized Business Clients
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PrestigePEO’s New E-Book:
Explore the Value of Partnering with a PEO
Whether you have experience working alongside a Professional Employer Organization (PEO) or are considering this option for the first time, download our E-Book to learn about the value of having a PEO partner by your side.
Discover how a PEO operates, its advantages to health insurance brokers and their small and medium-sized clients, and why PrestigePEO is the ideal partner for benefits advisors. Look below for what you can expect and fill out our form to access this informative piece!
Understanding PEOs:
The Power and Purpose Behind Professional Employer Organizations
PEOs or professional employer organizations offer a comprehensive range of HR services, including competitive employee benefits, retirement plan administration, and guidance on navigating intricate labor compliance laws.
You can complement your current client partnerships by offering varied HR solutions. With a PEO partnership, the PEO services your clients will receive include regular support for managers and employees. Our E-Book highlights all the PEO services your SMB clients get and the benefits that health insurance brokers receive when working with a PEO.
PEOs Are on the Rise
In today’s post-pandemic world, small and medium-sized organizations need help managing their businesses more than ever. PEOs are well-positioned to deliver this help. According to MetLife’s 2023 PEO Advantage Report:
35%
of small business employers now use a PEO, up from 20% in 2021
78%
% of PEO clients say they have protected jobs and reduced layoffs
77%
of PEO clients say they have access to a broader range of benefits than they would have otherwise
73%
% of employers who use a PEO say they have reduced employee turnover
Elevating Brokers' Success:
Strategic Advantages of Partnering with a PEO
Benefits Brokers stand to gain numerous advantages through a PEO partnership. Collaborating with a professional employer organization allows brokers to enhance the value they offer their clients by providing comprehensive HR solutions. Health insurance brokers can leverage the PEO’s specialized knowledge to streamline their services, ensuring their clients receive top-notch support in navigating the intricacies of human resource management (HRM.)
Addressing and Clarifying Common Broker Misconceptions About Collaborating with a PEO
Addressing common misconceptions is essential for understanding and facilitating informed decisions within the broker community regarding potential partnerships with a PEO. Our E-Book clarifies these misconceptions, and we detail clearly, how collaborating with a PEO is not a threat to a broker’s role but rather an advantageous opportunity to what brokers can offer their clients. Contrary to some beliefs, working with a professional employer organization does not diminish a broker’s value; instead, it amplifies it.
How The Small and Medium-Sized Business Clients of Benefits Advisors Also Benefit From a PEO Partnership
Partnering with PrestigePEO offers a myriad of benefits for health insurance brokers’ clients, enhancing their overall business operations and HR management. Clients can leverage PrestigePEO’s dedicated HR experts to streamline their human resources functions. The collaboration ensures that clients receive tailored, cost-effective solutions that align with their unique needs and industry requirements. With access to a comprehensive suite of HR services, SMB clients can focus more on their core business activities, confident that their HR responsibilities are in capable hands.
Health Insurance Brokers and Their Frequently Asked Questions Regarding Partnering With A PEO
Common questions revolve around understanding the intricacies of the co-employment relationship, the specific HR functions a professional employer organization can manage, and the potential impact on a client’s existing processes. Brokers play a crucial role in addressing concerns about cost-effectiveness, the customization of services, and the overall impact on the client’s day-to-day operations. By providing transparent answers to these frequently asked questions, health insurance brokers empower their clients to make informed decisions that align with their business objectives and HR needs.
A Breakdown of PrestigePEO’s HR Services and Offerings for Benefits Advisors and Their SMB Clients
By choosing PrestigePEO, businesses get access to a strategic team committed to enhancing operational efficiency, ensuring regulatory compliance, and fostering a positive workplace environment. With a focus on customization and client satisfaction, our integrated HR solutions empower organizations to concentrate on core business activities while entrusting their HR needs to an experienced ally.
Why Choose PrestigePEO?
Unrivaled HR Solutions for Empowering Business Growth
With a proven track record of delivering top-tier services for over 25 years, PrestigePEO stands out as a reliable HR partner. Help bring your clients’ businesses to new heights with PrestigePEO's unwavering commitment to providing unmatched HR solutions tailored to fuel success.
Client Endorsements
Hear What Our Clients Are Saying About the PrestigePEO Experience
Review the testimonials of our clients as they share their experiences with PrestigePEO. Our commitment to excellence is reflected in these statements as these clients have entrusted their HR needs to us. Experience the PrestigePEO difference for you and your clients.
Double Impact
Benefits for You, Benefits for Your Clients – Unleashing Mutual Success with a PrestigePEO Partnership
The PrestigePEO partnership benefits not only extend to you but also to your clients. Elevate your broker services by offering your clients a comprehensive range of tailored HR solutions.
We invite you to download and dive into The Benefits of a PEO E-book to learn about the advantages of partnering with a PEO for you and your small and medium-sized business clients. The benefits of a well-matched PEO partnership are vast, from cost savings to risk mitigation and compliance to scalability.
Embrace the opportunities ahead, and let the expertise shared here guide you toward a future where your clients’ business operations are efficient and strategically positioned for success while helping build your book of business and service offerings.