With an ASO you receive a billing report that is comprehensive and itemizes every charge. You’ll also get a workers’ compensation report for auditing purposes. If you are currently with a PEO, you will notice a big difference here. With a PEO, you typically get a bill that includes all of the services as a percentage of their payroll or “bundled billing”. This can sometimes leave business owners in the dark as to how their money is being spent. As the relationship goes on it can become difficult to know if you are being overcharged for the services you are receiving. For example, if a PEO is only adding 1% to a $1 Million dollar annual payroll with a weekly pay cycle, that’s only $192/week. But that adds up to $10,000/year.
For some business owners, the cost reduction of being with a PEO can still make sense even though they don’t get the transparent billing like they do from an ASO. This is where an expert’s insight comes in. To determine if you are a better fit for a PEO or an ASO, you need someone who knows both organizations to help you make that decision.
If you want to connect with someone to help you walk through it go here.
If you are coming from the open market, and you have a problem with payroll and benefits, you can call one toll free number to find resolution with both issues. This is a time saver and is convenient.
Having your ASO expert on hand to help you resolve problems and shop benefits every year is a real benefit. They become familiar with the plans you like and know what you are looking for upon renewal.
ASO Reports
One of the most important aspects of running your business is the ability to access data to review past performance for future forecasting. The ASO has many “canned” reports and an unlimited number of customizable reports. These reports are an integral tool in running your business.
HR Assistance
More and more companies are starting to understand the value of human resources. Having good human resource policies and procedures can turn a function that used to be considered an expense into a profit center. The ASO will help with all aspects of HR, from hand book creation, to putting together that Fortune 500 type benefits package which will help attract the best talent, to setting up polices for disciplinary action and termination.
A Complete Guide to Working With an ASO
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