March 17, 2015 8:00 AM
Human resources is a very important part of any business, but it can take a lot of time and money to properly manage. Even then, there are cashflow hurdles that you may come across simply because you aren’t an HR professional with all of the proper tools of the trade.
A Professional Employment Organization (PEO) like GMS can get over those hurdles because HR is what we do. We’ve already discussed how a PEO can improve your cashflow through loss prevention, cost containment, payroll, and unemployment claims management strategies, but there’s another major factor as to how we can save you money: economy of scale.
Bigger Scale, Bigger Value
What the heck do we mean by economy of scale? Economy of scale is the term for the cost advantages that enterprises obtain due to size, output, or scale of operation. In short, GMS can get you lower premiums and tax burdens because we represent roughly 20,000 workers over 850 different companies.
That means you can get competitive benefits that attract talented applicants and retain valuable employees, all at a reduced rate. Even if you own a small business, our expertise can help your bottom line because of economy of scale.
PEOs Are an Extension of Your Business
You don’t need to own a big business to get big-business treatment. In fact, think of a PEO as an extension of your company – one that helps your bottom line and makes your life simpler, and you never have to fear about losing control of your business.
GMS can save you time and money, so get a quote from us today if you think that a PEO is the right move for you.