You have an idea for the next big thing and are ready to build a startup to capitalize on it. What now? You may have a great product, but can you channel your entrepreneurial spirit into the mundane tasks that make a successful business run? By outsourcing administrative services to a professional employer organization (PEO) like PEMCO, you can concentrate on what you do the best — growing the business and conquering the marketplace.
The administrative oversight that keeps a business running takes time. The hours spent on bookkeeping and accounting eat up profits as the time cannot be used on profitable tasks. In addition, federal and state employment laws and regulations are continually changing. Keeping your business in compliance with these laws and complex reporting requirements can require staffing an entire human resources department. That’s an expensive proposition.
Outsourcing these functions to PEMCO’s experts will relieve you of the burden of managing payroll administration, employee benefits, and employment law requirements. This means you and your employees can devote your time to increasing company profits
Startups spend their time innovating new products or technology, but there is no reason to pour money into reinventing administrative systems. PEMCO offers ready-to-go payroll administration technology to manage your payroll administration requirements online. The greater purchasing power of a PEO will also give you access to more cost-efficient employee benefits.
Using a PEO has proven growth benefits. Some research indicates that small businesses that contract with PEOs can grow 7 to 9 percent faster than average and are 50 percent less likely to go out of business. A partnership with PEMCO will allow you to focus on that growth instead of administration. To learn about the benefits of outsourcing and how it can increase your profitability, contact Progressive Employer Management Company today.