Professional Employer Organizations (PEOs) benefit businesses of any size from a team of five to more than 5,000. Where a PEO can really shine, though, is the transition between these two points. Small companies begin with a small-business culture that they may fear losing during times of growth. The strong communication and close-knit feel of a small team can be lost in the shuffle as a company hires and restructures. That’s where a PEO comes in.

Here are a few ways that a PEO partnership can help you attract and retain talent as your company scales.

PEOs Give You More Time

Among the many benefits of joining a PEO, the advantage of time may be the most impactful. Your leadership team spends a substantial amount of time at work handling routine HR-related tasks. These tasks take time away from focusing on your core business functions and building relationships with your employees—two elements of your business that dramatically affect workplace culture and retaining top talent. A PEO ensures that your daily HR tasks are running smoothly and within necessary compliance requirements, leaving your leadership team with the capacity to focus on finer details that shape your company culture and employee experience.

PEOs Help Maintain Company Culture

Did you know that PEOs can decrease employee turnover by as much as 14%? Hiring and employee retention are two factors that directly affect company culture and are also two areas that a PEO can help you manage. Partnering with a PEO means no matter your company size, your employees will be part of a larger pool, giving you lower benefits costs, and a lower cost per employee for all HR services. Competitive employee benefits packages and streamlined HR processes can have a significant impact on your current employees’ satisfaction and new employees’ interest.

A PEO can also assist with developing new hire onboarding processes, benefits orientation, and employee reviews. This partnership enriches your employees’ experience while making your company more marketable to new employees who will fit into the unique culture you’ve created.

PEOs Make Employees Feel Secure

Employees today are looking to move away from what they consider to be corporate culture. The larger your company grows, the more mechanical and impersonal it could become. A PEO allows you and your leadership team to concentrate on what makes your company unique, and to put time into keeping it that way. A PEO partnership gives you the support to take care of your employees’ well-being in both their personal and professional lives while maintaining company culture and continuing to help your business grow—without the fear of leaving your employees’ best interests behind.

Do you worry that your employee satisfaction will suffer as your company expands? Contact us today to learn how LBMC Employment Partners can help you maintain your company culture as you go through periods of significant growth.

LBMC Employment Partners, LLC, was the first Tennessee-based PEO to receive the Certified Professional Employment Organization (CPEO) designation in the first round of IRS certifications.

See what clients are saying:

“We thought we only needed payroll, but once we sat down to talk about what all they did, we realized we needed insurance, retirement plans, and everything. I had all these people who were asking me questions all the time. I can now send them to our HR Account Manager and the whole EP team, and they are quick to respond. The guys working here can directly go to LBMC EP. It’s much better than dealing with multiple vendors and different people at different places. It’s taken a lot off my shoulders. I can send my hours to one person. One point of contact. No finger pointing. And payroll is done…and consistent.” -Controller Mike Borden with Bobcat of Knoxville and Chattanooga

Brentwood, TN | Knoxville, TN | Chattanooga, TN | Charlotte, NC

All content and services on this page are offered by LBMC Employment Partners, LLC. LBMC Employment Partners, LLC, is part of the LBMC Family of Companies and is an independent entity with services and products being provided exclusively by LBMC Employment Partners, LLC.

Learn about LBMC Employment Partners PEO services.

LBMC Employment Partners, LLC, a member of the LBMC Family of Companies, is a world-class professional services firm. LBMC Employment Partners provides a comprehensive suite of human resource related services to businesses including Professional Employer Organization (PEO) services, HR Outsourcing (HRO), Payroll, Payroll Tax Outsourcing, Human Resource Consulting, Employee Benefits, and ACA Compliance Consulting. For more information visit www.lbmcep.com.