Why
Onyx?
"Time is the most precious
resource we have"
- Steve Jobs.
With over 15 years in the industry, our team is appointed with the top Professional Employer Organizations (PEOs) in the nation. A PEO is often used by small to mid-sized businesses and referred to as co-employment or HR outsourcing. A PEO partnership allows for the successful management of human resources, employee benefits, payroll, workers' compensation, and other insurance services so your team can focus on the core business.
Our experience, relationships and vast amount of expertise becomes your competitive advantage. We will not only advise you on the best PEO for your company, but also manage the entire proposal and contracting process through our simple three step process.
Not all PEOs are created equal. Our experience and contacts with various PEOs can streamline the process in deciding the best PEO fit for your organization.
Let Onyx Business Advisors save your most precious resource...time.
Workers Compensation
Employee Benefits
Health Insurance
Human Resources
Payroll Services
What PEOs Can Do For You
*Statistics provided by "NAPEO An economic Analysis: The PEO Industry Footprint in 2018"
Onyx
3-Step
Process
1. Initial Meeting
In one single meeting, our advisors are able to determine your exact needs through data collection and comprehensive inquiry.
In this meeting, our certified advisors are trained to identify costly gaps in your current services and/or coverage.
3. PEO Selection & Terms
After negotiating on your behalf, our team will provide you with a side-by-side comparison of all quotes with a cost/benefit analysis.
We will then act as the liaison between you and the PEO to help structure the services and agreement.
Businesses partnering with a PEO grow 7-9% faster, have 10-14% lower turnover, and are 50% less likely to go out of business.
Administrative expenses are around $450 lower per employee for businesses that use a PEO.
The return on investment of using a PEO (in cost savings alone) is 27.3%.
What is a PEO?
Professional Employer Organization (PEO)
A Professional Employer Organization provides comprehensive HR solutions for small to mid-sized businesses.
PEOs utilize their size in the insurance markets to stabilize costs with respect to Medical Benefits, Workers Compensation Insurance, Employers Practices Liability Insurance (EPLI), 401K, Life Insurance, Disability Insurance, Dental and Vision, and Payroll Solutions.
In addition, PEOs provide HR compliance that helps small to mid-sized companies stay abreast to the ever changing HR laws in our country.
Joan Mandrell, Director of HR
Onyx really delivered for our company. They were able to select the right PEO that saved 13% in health insurance coverage alone.
Rahem Patel, CFO
We were able to find a gap in liability coverage that could of been the end to our business in litigation fees.
Peter Barrington, Founder
This was a game changer for my start up. I was able to outsource most of my HR functions and choose a new health plan that saved me 26%.