The professional staffing industry is an incredibly competitive one. There are numerous different providers out there, and there is only a finite amount of business available for them to compete over. That's why many staffing companies are always searching for new and innovative ways to separate themselves from the competition and position themselves for success.
If this is something you're experiencing within your own organization, then you should consider a PEO for staffing companies. Also known as a professional employer organization, a PEO can assist with the various HR tasks required for your daily operations and provide your business with the benefits it needs to improve its bottom line.
How a PEO helps staffing companies.
Take advantage of more robust employee benefits packages.
One of the main ways a PEO assists staffing companies is by helping them find the absolute best benefits packages for their employees. They can accomplish this goal because they often manage multiple small businesses, which means they have a larger pool of employees.
That allows them to shop multiple benefits options and use their more prominent negotiating position to get you better rates and more robust coverage for everyone within your organization.
Make it easier to hire and retain top-level talent.
Every company's success depends on the people they have on their staff, but this is especially critical for staffing companies. Your reputation relies on staffing highly qualified and motivated individuals for each of your clients, so it's imperative that you have the right people on your payroll.
A PEO for staffing companies can help ensure that's always the case. They can negotiate the best rates on things like healthcare, voluntary benefit options, and pension plans, so you can offer benefits that the competition can't, making it easier to bring on the best candidates and keep them with your organization well into the future.
Free up more time to focus on the business of your business.
If you want to bolster profits, you need to focus on the business of your business rather than the business of employment. In essence, that means spending your time finding new prospective clients, improving internal processes, and educating your staff on the industry's latest best practices.
That's difficult to do when you're also trying to manage healthcare issues, ensure your organization remains compliant with local and federal regulations, and dealing with complex workers' compensation claims. A professional employer organization specializing in staffing companies can alleviate these burdens so you can spend your valuable time on business-critical tasks.
Reduce your operational costs.
Many individuals who manage staffing companies look at the numerous benefits a PEO can provide and assume that the costs to take advantage of them must be prohibitively expensive. However, that's often not the case at all.
No matter what, you're going to have to deal with the challenges that come with tasks like administering benefits, managing compliance protocols, and creating efficient onboarding strategies. When you use a PEO for staffing companies, you simply pay for the services you need. This can save you money when compared to hiring, training, and paying for a full-time, in-house HR department.
Separate your staffing company from your competition.
The experts here at Samuel Hale offer an innovative solution created exclusively for staffing agencies in California, and we're ready to help you grow your business. With years of experience in this niche industry, we've devised services that deliver savings, stability, and growth opportunities specific for organizations just like yours.
With the Samuel Hale Exchange (SHE), you can enjoy innovative, customizable solutions backed by professional support and delivered with the latest technologies that integrate seamlessly into your existing staffing software. Learn more about how we can help your company, or connect with us online to schedule your free claims analysis.