GTM Adds PEO Offering to Help Small and Mid-sized Businesses

GTM Adds PEO Offering to Help Small and Mid-sized Businesses Reduce Costs, Increase Productivity, and Improve Employee Engagement
 

GTM Payroll Services (GTM), a Capital Region leader in payroll,  human resources, insurance, and employee benefit solutions, today announced the launch of its Professional Employer Organization (PEO) offering. This service is designed to simplify HR, reduce risk, and provide small and mid-sized businesses with access to the same tools and benefits as larger companies.

 

A PEO is a strategic partner that helps small and mid-sized businesses manage essential HR functions by entering into a co-employment relationship, where the organization remains in charge of daily operations, hiring, offboarding, and company culture. A PEO shares certain employer responsibilities, such as HR, payroll, benefits, and compliance, and provides the same resources and support large corporations enjoy.

 

Through this affiliation, the PEO can offer organizations access to enterprise-level HR support, payroll processing, employee benefits, risk management services, compliance assistance, and more, all under one umbrella.

 

Organizations today face a growing number of burdens, including compliance risks, rising benefits costs, leadership time drains, and recruiting and retention pressures.

 

With GTM’s PEO solution, organizations will leverage GTM’s payroll, HR, benefits, and insurance expertise and its HCM technology to enjoy:

According to McBassi & Company, the return on investment (ROI) for an organization partnering with a PEO is 27.3% in cost savings alone. Furthermore, the HR analytics firm states that organizations partnering with PEOs grow seven to nine percent faster, experience employee turnover that is 10 to 14 percent lower, and are 50 percent less likely to go out of business than companies that do not utilize PEOs.

 

Alongside its Administrative Service Offering (ASO), GTM’s PEO provides another option for organizations to effectively manage their payroll, HR, insurance, and employee benefits obligations. An ASO is like a PEO in that it combines a range of services with a single strategic partner. With a PEO, the partner takes on additional employer responsibilities.

 

“Much like our ASO solution, our PEO offering stands out because of our commitment to personal service; proven expertise in payroll, benefits, and human resources; and decades of experience tackling challenging requirements for businesses of all sizes,” said Guy Maddalone, founder and CEO of GTM Payroll & HR. “While national PEOs offer similar core services, they simply can’t match our successful track record in client satisfaction.”

 

Built on over 30 years of trusted service for thousands of businesses, GTM’s PEO combines this high-touch support with human resources expertise and cutting-edge human capital management (HCM) technology.

 

“Our expert consultants become an extension of an organization’s HR team, streamlining processes, providing ongoing compliance support, and offering guidance whenever a client or its employees need it,” said Jennifer Barry, J.D., HR consultant practice leader for GTM Payroll & HR. “With GTM PEO, an organization can save dozens of hours in HR administrative time, boost workforce engagement and satisfaction, and improve employee retention.”

 

Health insurance premiums and benefit expenses continue to outpace inflation, making it increasingly difficult for small and mid-sized businesses to remain competitive and leaving many employers stuck between absorbing higher costs or cutting back on their offerings or employer contributions. A PEO can help solve this issue.

 

“Employee benefits, like health insurance, voluntary benefits, and retirement programs, are delivered through the PEO’s group buying power, making high-quality plans more affordable,” said Keith Dolan, senior benefits manager of GTM Insurance Agency. “Small and mid-sized organizations can offer benefit packages that are competitive with larger corporations as they vie to attract and retain top talent.”

 

For an organization seeking a more effective way to manage its workforce while focusing on its bottom line, a PEO may be the solution they need.