Detroit, MI, April 05, 2006 --(PR.com
)-- Let's look at the real profit picture for construction companies.
In today's competitive market, only the smart construction company owner sees profit margins climbing. He/she realizes that one of the largest expenditures (which must be constantly addressed) is balanced and cost-effective staffing. The successful construction company owner realizes that a PEO provides a competitive edge.
A PEO arrangement is not a totally new concept. It has been tried and proven by some of today's leaders and most profitable construction companies. It can help to stabilize your costs and insulate you from unexpected increases, which can send your profit margins tumbling.
The PEO industry can be referred to by many different names; PEO (professional employer organization), employee leasing, staff leasing or human resource outsourcing companies, just to name a few. These types of companies will handle many of the day to day tasks that can rob you and your staff of it’s valuable time, which could be redirected towards growing your business.
Services offered to construction companies by most PEOs are as follows;
1. Payroll Calculation And Processing For Construction Employees
2. Employee Health Benefits And Administration (Health, Dental, Vision And Retirement) For Construction Employees
3. Provide Workers’ Compensation And Administration For Construction Employees
4. Provide Unemployment Compensation And Administration For Construction Employees
5. Provide all proper forms so that you are sure your employees are in compliance with all Local, State and Federal laws governing construction companies.
The best part about the PEO arrangement is that the construction company owner writes one check per payroll to cover all employee related expenses. Furthermore, since the PEO becomes the employer of record, the PEO is responsible for all Unemployment and Workers’ Compensation Claims and court appearances further reducing wasted time.
A PEO arrangement is not for every construction business owner, but for the majority, a PEO is a viable solution to save money while freeing time to grow their construction business.
You can save time looking for a PEO in your area by visiting http://www.planmarc.com or contact them at 800-567-0235. PML Worldwide is a company dedicated to educating construction company owners about the benefits of a PEO (professional employer organization) and to help construction company owners find a PEO that best fits their needs.
P.S. This service is completely free!
2006 PML Worldwide. All rights reserved