If you’re running a small-to-medium-sized business (SMB), co-employment is worth exploring, and probably even more so if you feel perpetually bogged down by the administrative tasks required to run a company.
Big corporations have whole departments managing the tasks that many SMB owners or administrators are handling themselves. Not only is it a hassle, it’s a competitive disadvantage as well. By entering into a co-employment relationship, you can act like a big corporation even if you are just a startup.
Since most people haven’t heard of PEOs, let alone co-employment, we thought we’d put together a list of some of the biggest benefits of entering into a co-employment relationship with Avitus Group to help illustrate what that relationship looks like.
Why Choose Co-Employment?
Do any of these sound familiar to you?
You have other work you would rather be doing, but instead you’re stuck doing bookkeeping. You have somewhere else you would rather be, but instead you’re held up at the office running payroll. You have strategic planning to do, but instead you’re putting out a human resources fire.
They may all sound familiar to you. These are standard daily fare for most SMB owners and administrators. The time and energy you could be putting towards growing your business is always spent administering it instead.
Entrepreneurs start companies because they want to turn their passion into a business. They throw all of their talent and energy into making their vision into a reality.
But whatever your vision is, it probably doesn’t involve business administration tasks. It also probably doesn’t involve learning an entirely new skillset just to keep your business afloat. Co-employment offers a way out.
The Benefits of Co-Employment
In co-employment relationship, Avitus Group shoulders the back-office burden and responsibilities so you don’t have to. Here’s a quick list of some of the immediate and tangible benefits of co-employment.
1. Freedom to Focus on Vision
As a business owner, you have a vision, a particular skillset and a finite amount of energy and time in the day. To succeed with your business — not an easy thing to do for anyone under any circumstances — you need the time to focus on growth and profitability.
Co-employment frees you up from running around every day putting out fires. You don’t have to shoulder that burden anymore. Our experts can put out your administrative fires while you focus on with the more important task of growing your business.
2. Worry-Free Compliance
With all the ever-changing state and federal regulations, it’s a full-time job to stay on top of compliance. Big corporations have entire departments dedicated to compliance and reporting in human resources, payroll, accounting, safety and every other area.
To compete with large corporations, you’d essentially have to be an expert in all of these areas. Not only that, you’d have to clone yourself to match the work output done by entire departments. It’s not a fair fight.
When it comes to compliance, co-employment enables you to operate like a big corporation. Avitus Group has entire teams handling compliance in all areas, and we pass on our expertise and economies of scale to our customers.
3. Economies of Scale
Entering into a co-employment relationship opens up a whole world of benefits that you would otherwise be unable to provide your employees. It also helps reduce your overall administration costs.
Big corporations buy in bulk, which means they get better healthcare, retirement and other benefits, and they get them at a better rate than SMBs. Through co-employment, Avitus Group has a pool of tens of thousands of employees, which we can leverage for better benefits the same way corporations do.
Economies of scale also help to reduce administration costs. The more employees you have (some 30,000 by proxy with Avitus Group), the less your company pays for payroll processing, accounting and other administrative duties.
4. Access to Expertise
No one is an expert at everything. No matter how talented, creative and hard-working you are, you can always benefit from the help of professional business services to some degree.
The great part about co-employment is not just that someone else is doing the heavy administrative lifting for you, it’s that an entire team of professional experts are doing the heavy lifting for you.
Additionally, you have access to expertise in all business administration areas. If you have questions about payroll, taxes or recruiting, you can simply call us for informed, expert advice. If you choose, you can take full advantage of the co-employment relationship to educate yourself on business administration.
5. Peace of Mind
If you are currently using a couple or a few different contractors to handle your business administration needs, you already understand the difficulties associated with this approach.
You may find someone you trust to do your books, but you may struggle to find someone you trust to do your payroll, or vice versa. You may spend years working with different vendors, moving from one to another for a variety of reasons through an endless revolving door.
Finding someone you can trust takes time and…well…trust. Once you learn to trust someone, you gain a level of confidence and peace of mind knowing that there’s one less task to worry about.
With co-employment, you can learn to trust once and then never have to do it again. You have one vendor to call if you have a question or an issue, and you can add services without worrying about the quality of the prospective work because trust and accountability have already been established.
The Case for Co-Employment
A co-employment relationship offers independence to focus on your core business, worry-free compliance, economies of scale, ready access to expertise and peace of mind from a single trusted partner.
If you haven’t looked into co-employment yet, it’s always a good time. Co-employment can be a game-changer for your company and your personal life. Want less stress? You got it. Want more independence? It’s yours to keep.
If you have any questions about Avitus Group, our co-employment offerings or co-employment in general, please don’t hesitate to give us a call.
