If you own a construction company, the pressure to cover your employees is extraordinary. Construction companies must manage their worker’s compensation insurance, manage risk, and keep the workload manageable so the business can function properly.

Not an easy task. Help is always appreciated, if it gets the job done right.

PEOs cover more than 175,000 businesses and 3.7 million people in the USA. With that many people co-employed, they get a lot of experience in reducing pressure on businesses and employees. In other words, they measure twice and only cut once.

Keep reading to see what a PEO can for you and your construction company’s needs.

Reduce Your Overall Workload

You work hard enough on the job and managing your projects. You shouldn’t have to work more on payroll and other HR tasks than your business’s actual services.

This is where a PEO (Professional Employer Organization) or employee leasing company can help. They take care of a number of day-to-day HR tasks like:

• Payroll
• Regulatory Compliance
• Quarterly and Annual Reports
• Unemployment Filing and Benefits
• Worker’s Compensation
• Risk Management

With a partner like this, you aren’t falling behind your competition by wasting time in the office.

Better Manage Your Safety and Risk

PEOs are entrusted with a shared responsibility in caring for your employees. It’s also their job to find good quality worker’s compensation insurance at a competitive rate. To that end, it makes sense that they help with risk management and safety regulations.

PEOs help create work environments that are safe by providing safety procedures and training that reduce workplace injury, sick days, and improve worker efficiency.

This also helps to reduce or eliminate employment-related lawsuits due to lack of safety controls. They’re your advisor on ADA, FMLA, FLSA, and other regulatory compliance.

A Better Worker’s Comp Insurance Solution

All of this culminates in the bottom line. Worker’s compensation insurance is a necessity, but it also protects you from paying out of pocket. A single claim can put your business at risk and increase your premiums.

If you are following the advice of your PEO, it helps to lower your rate modifier, which in turn reduces your premiums. When you partner with a PEO, you also gain the advantage of the economy of scale.

This means you have access to more competitive rates than an individual business would have. You also avoid annual audits and receive more flexible payment schedules. Did we mention they manage all this for you?

Construction Companies: Benefit Today from a PEO

The question isn’t really how a PEO can benefit construction companies like yours. The question is why you haven’t already contacted us to find the best one for your needs!

Every PEO is different and so is every company. With experience in PEO brokerage since 2008, we know what it takes to find a good match.

Intrepid Payroll is always committed to finding the perfect solution for your needs, and the needs of your employees. We always promise to do the best job we can to find the best services you need.

Get in touch with us today to experience the Intrepid Payroll difference!