INTRODUCING THE CORPSTRAT
PEO RESCUE KIT
If your PEO has made promises it’s not
keeping, our PEO Rescue Kit is here to help.
What is the PEO Rescue Kit?
Our PEO Audit Kit is a set of tools to help you see if your PEO is delivering on its promises. PEOs claim to offer a one-stop shop to help businesses manage everything from payroll to HR to employee benefits. As great as some PEOs can be, often expectations don’t align with reality. We’re here to help you decide if a PEO is the right fit for your business.
With our PEO Rescue Kit, we’ll give you an analysis of your PEO offering versus its value in the open market. This way you can determine if the pricing, features, and benefits are more favorable inside the PEO or outside the PEO. (In our experience, the latter is true about 95% of the time.)
Common PEO Misconceptions.
Reduced Costs
THE CLAIM:
Employers will be happier because they’ll reduce their costs and have less responsibility.
The Truth:
Actually, the opposite is true. While initially, costs may appear to be reduced with a PEO, these PEO proposals are hard to read and more complex than they appear. When everything is said and done, PEO’s ultimately cost employers more.
Employee Benefits
THE CLAIM:
Employers and their employees will be happier because they’ll have access to better benefit packages with better pricing. This is because the PEO groups everything together in order to leverage better insurance rates.
The Truth:
As a blanket statement, this is false. Sometimes the benefit plans will cost less, and sometimes they will cost more. The truth is that when you work with a skilled broker, any sized company has access to the same benefit plans that larger employers have access to. When you take the costly monthly fees employers pay into a PEO into consideration, it usually drowns out any potential savings.
Human Resources
THE CLAIM:
The PEO is going to handle all your HR needs. You can take that completely off your plate and not worry about it at all! Congratulations, you’ve outsourced all of your HR functions.
The Truth:
You’ll still have to recruit, hire, train, evaluate, manage, and terminate your staff. This means your team will still have to devote work hours towards processing payroll, conducting performance reviews, calculating raises, and firing employees. In addition, as a co-employer under the PEO, you’re legally liable for any wrongful termination or lawsuits that arise. (It varies from PEO to PEO, but this is generally the case.)
Payroll
THE CLAIM:
PEOs will be employing your staff, taking payroll responsibility off of your plate.
The Truth:
You still need to keep time and attendance and be responsible for reporting payroll, overtime calculations, compensation changes, expenses, and all the regulations surrounding them. (This is where you’ll start asking yourself: “How is this different from what I would do without the PEO?”)
Exiting a PEO
THE CLAIM:
If you don’t like your PEO, you can always leave.
The Truth:
It is extremely difficult to leave a PEO. Once you check-in, you don’t check out. (Even if you can check out, it’s extremely difficult, just not quite as difficult as a roach motel.) Most PEOs make it nearly impossible to get the reports, forms, pricing, and any other documentation that you would need to make a comparison against the open market available to you. Don’t worry, our team is skilled at getting the data together so you can see the comparison and make the best possible choice.
Our PEO Rescue Kit could help save the day.
PEOs are very alluring in their concept and PEO sales teams are very good at selling them. But the fact is, they’re not the right solution for every organization. In our experience, most employers fare far better in the open market versus getting tied down with a PEO. This means even without a PEO, employers can gain access to the same, or very similar, insurance plans. In addition, outside of a PEO, employers find that they receive much better customer service and support and significantly lower prices.
Our promise to you is simple: we will do all the work and help you determine if a PEO is the right solution for your organization or if there are better options in the market. We’re willing to do this work for free, because we’re that confident our work will show you what we suspect—that you’ll do far better outside of the PEO.
Learn why we built the PEO Rescue Kit.
About the Founder
Introducing Matt Taylor, a San Fernando Valley native and Granada Hills High School graduate, with over two decades of experience in Employee Benefits, Payroll, and HR. Throughout his dynamic career, marked by a deep-rooted passion for exercise, fitness, nutrition, and personal development, he has engaged with thousands of business owners.
The inspiration behind the PEO Rescue Kit stems from Matt’s extensive interactions with business owners seeking an exit from unsatisfactory PEO relationships. Recognizing an unmet need, Matt envisioned a solution that empowers employers with a comprehensive process. By meticulously preparing and presenting the features, benefits, and costs of PEO options versus the open market, the PEO Rescue Kit equips employers with the information needed to make informed decisions.
Our Proven Process
At CorpStrat, we can help you see whether or not your PEO is the right solution for your business. PEOs have their place but there are good ones and bad ones; we’re here to make sure you’re not getting taken advantage of. Here’s how we can do that:
- First, let’s have a conversation about your PEO and make sure you’re actually getting the value you signed up for.
- We’ll help you benchmark how your PEO offerings compare with what you could be getting.
- We’ll work together to find the best possible solution in the marketplace for you and your team.
- If you find that your PEO isn’t right for you, we’ll help you set up a PEO exit strategy and we’ll guide you through a smooth transition.
Request a Consultation
Let’s talk. Schedule a call with one of our experts today.