Elevate Broker Offerings Even Further with PEO Premier®
Quick look: To strengthen client relationships and keep SMBs competitive, brokers are constantly on the lookout for innovative tools, services, and strategies to help them grow their businesses without an added burden. ExtensisHR’s PEO Premier® delivers HR services with an edge, complete with a personalized approach, saving time, costs, and sanity.
A company is only as strong as its HR department, though the complexities of these responsibilities are challenging to manage, especially for small- and medium-sized businesses (SMBs) also juggling what’s needed for company growth.
Rather than being left behind on the latest in HR compliance, trends, and operations, why not offer clients the benefit of a professional employer organization (PEO) partner with its own premier solution?
As a people-first PEO, ExtensisHR understands the importance of delivering a comprehensive solution which serves as an extension of an SMB’s team and is tailored to meet specific HR demands. However, there are instances when companies would rather fully outsource to a trusted partner.
With PEO Premier®, broker clients have this option. Each PEO Premier® client is linked to a dedicated team of certified HR professionals who manage all HR services—including payroll, benefits, and risk management—and tackle arising HR challenges to keep operations running smoothly and efficiently.
Though traditional PEO services already offer an accelerated level of support for SMBs, there are several distinctions of PEO Premier® which drive results and take HR management up a notch. Here’s a look at ways this industry-first opportunity advances broker offerings by outsourcing clients’ HR to the experts.
Enhanced employee benefits
Working with a PEO partner already provides broker clients accessibility to Fortune 500-level benefits at cost-effective prices to help them compete with larger corporations. These include traditional healthcare and retirement savings benefits, as well as voluntary offerings, such as supplemental life insurance, pet insurance, and employee discount programs, among other perks and plans.
With PEO Premier®, broker clients also receive access to an exclusive line of additional benefits, including One Medical™ primary care services, healthcare advocacy through Alight Solutions, international benefits for employees working abroad, legal services, gym subsidy programs, and more. With 78% of employees willing to stay with an employer with a competitive benefits program, it provides a recruiting and retention advantage at a time when it’s needed most.
Built-in retention and recruiting services
Speaking of a recruiting and retention advantage, these services are included as part of ExtensisHR’s service-first PEO solution. Whereas, big-box PEOs typically offer it as an a la carte value. Talent management services include recruiting consulting, conducting background checks, and interview training assistance.
And, with the addition of PEO Premier®, broker clients receive an applicant tracking system seamlessly integrated into the Work Anywhere® platform, as well as premium-level recruiting services from an executive-level talent pool. SMBs can put talented prospects in vacant positions faster and in a way which best fits their needs.
Concierge client management
As a PEO partner, ExtensisHR offers SMB clients mobile-friendly HR technology and personalized support, bridging the best of both worlds. While convenient access and automation create efficiencies, individualized attention promotes peace of mind when resolving client issues.
SMB leaders shouldn’t have to deal with call centers or DIY service models. Instead, employers and employees can be met with concierge client management through PEO Premier® to effectively fulfill all the HR demands of a company.
Each broker client benefiting from this solution is directly assigned a Premier Account Manager, HR Manager, and Payroll Manager as part of their world-class team. They get the experience, expertise, and knowledge of a complete HR department without having to do any of the work.
Reduced cost savings and HR workloads
One study shows HR leaders spend over 73% of their time handling tedious administrative tasks and paperwork management. Introducing clients to PEO Premier® frees up their time to focus on other areas of operational growth.
A PEO expertly tackles these time-draining HR responsibilities, reducing the administrative workload many businesses face. Meanwhile, PEO Premier® also addresses employee handbook and policy review, managing and distributing client reports, spearheading diversity, equity, and inclusion (DEI) initiatives, and much, much more.
Broker clients can reduce overhead needed for HR functions while maintaining control over all business operations, like hiring and firing decisions and setting pay rates and schedules.
Optimized employee performance
Actively engaged employees lead to 23% greater profitability and 51% lower turnover for low-turnover organizations. Though benefits largely contribute to employee engagement, purpose and professional development are also key drivers.
Performance management, including a performance review system and goal development, is part of a full suite of PEO services through ExtensisHR’s centralized HR platform. SMB leaders can use the Performance Cloud, powered by 15Five, to synchronize goals and performance, evaluate peer reviews and social feedback, and improve retention.
Furthermore, PEO Premier® enables SMBs to stay on top of annual performance reviews and new hire training to keep employees engaged and focused on their strengths as they work toward their growth within the company.
A premier tool to add to your portfolio
As a PEO partner, ExtensisHR works collaboratively with brokers to help expand, protect, and grow their book of business. PEO Premier® saves SMBs time and money and provides yet another way for brokers to stand out from the competition.
This turnkey, all-inclusive solution offers SMB clients a luxury HR experience with a
single point-of-contact support team, extensive health coverage and benefits, risk and compliance management, and simplified implementation. For companies looking for the greatest level of service with a fully managed approach beyond the traditional PEO offering, PEO Premier® perfectly fulfills this need.
Strengthen client relationships and secure new business by opening the door for SMB leaders to platinum-level HR service with a personalized touch.
To learn more about the benefits of PEO Premier® for your SMB clients, contact ExtensisHR today.
