PrestigePEO partners with brokers to help them better support their business clients. Find out what makes us different and why we are truly the Broker’s PEO.
Key takeaways:
- PrestigePEO supports brokers with premium employee benefits at affordable rates for their clients, personalized service and competitive compensation.
- Partnering with PrestigePEO could help your business grow faster. We focus on human capital management so you can focus on revenue generation.
- PrestigePEO doesn’t compete with brokers or take their clients; we collaborate with brokers, serving as a reliable partner to help their business clients secure better employee benefits.
PrestigePEO is a professional employer organization (PEO) that supports benefits brokers, advisors, and agents in helping small and medium-sized business (SMB) clients with their HR needs.
How? By providing premium employee benefits at affordable rates, ensuring businesses are compliant with state and federal legislation, and helping streamline other HR operations and administrative tasks.
We are known as “The Broker’s PEO” because we offer additional partner advantages and incentives for you to succeed and grow while supporting your clients.
Learn more about PrestigePEO and what we do for our broker partners and their clients through this guide.
What Is a PEO?
The use of PEOs has continued to increase since they came onto the scene in the 1970s. PEOs were first introduced to provide additional human resources support to companies.
There are now over 500 PEOs in the U.S., helping out more than 200,000 businesses, which make up 17% of employers with 10 to 99 employees. Small businesses that use a PEO grow 7% to 9% faster than other businesses and see a 10% to 14% lower turnover rate for employees. Businesses are also half as likely to go out of business when they work with a PEO.
PEOs help businesses eliminate operational burdens and provide peace of mind when it comes to human resources. This is a huge competitive edge that benefits brokers can provide to their SMB clients.
Essentially, PEOs leverage their collective buying power to provide competitive employee benefits alongside other HR services that other consultancies don’t offer. It’s a major advantage, as smaller businesses normally don’t have that kind of access to premium benefits.
The Broker’s PEO
PrestigePEO allows brokers to offer their clients cutting-edge, competitive employee benefits and a host of other services as supplemental benefits. Partnering with PrestigePEO as a broker includes these specific advantages:
- Competitive PEO broker commissions: Partnering with PrestigePEO can put more money in your brokerage’s pocket.
- Personalized, dedicated, concierge-level service: We are committed to providing a white-glove concierge approach to our broker partners and their clients. Our team of HR experts is dedicated to you and your clients.
- Competitive rates on premium employee benefits each year: We deliver rates to smaller businesses that are normally reserved for big organizations.
- Transparent pricing for business clients: You and your clients see major cost savings with unbundled pricing on our services.
We are truly “The Broker’s PEO.”
"PrestigePEO provides a special concierge-personalized feel and touch with their service"
Robert F., NY Health Insurance Broker
“They provide dedicated specialists for the life of the client. They make themselves available to the broker, employers and employees, a true differentiator from other PEOs.”
PrestigePEO doesn’t take away clients from brokers. This is a common misconception. Instead, we serve and support brokers, acting as a true partner in the effort to help business clients access better employee benefits.
The Business Owner’s People Partner
PrestigePEO also works directly with businesses once their brokers initiate the partnership. Co-employment is what PEOs are all about, which means that PEOs take on some of the employment liability for businesses. They become a direct extension of the business’s team.
This unique relationship leads to more time and energy for business leaders to focus on bigger concerns within the business, such as long-term growth.
“PrestigePEO is our co-pilot, which means we can focus on growing our company and our brand,” Armelle Crump, director of operations for Okayplayer.com in Brooklyn, said. “ We like the customization they offer for payroll and employee benefits to suit our culture and employee preferences.”
Employee benefits are the biggest advantage of PrestigePEO when it comes to business support. Our collective purchasing power means even smaller businesses can get access to premium benefits that are typically reserved for large companies with bigger budgets and more resources.
"We saw a 30% decrease in health insurance rates as the buying power of a PEO is so much stronger than what you can get on the open market as a small business"
Jamie Castagna, Business Manager, Morey Creative, Syosset, New York
Other services PEOs offer for businesses:
- Human Resources management
- Human Resources consulting
- Payroll processing and management
- Workplace compliance and risk mitigation
- Retirement planning
- Workers’ compensation
PrestigePEO helps your business clients strengthen their workforce with better employee benefits, perks, discounts and overall human resources support. That helps you continue to grow.
Is a PrestigePEO Partnership Right for You?
Partnering with PrestigePEO just makes sense for health insurance brokers. With PrestigePEO, brokers benefit from a unique compensation structure with multiple competitive products and opportunities. What’s more,
PrestigePEO is part of the 1% of PEOs in the U.S. that has the three most stringent credentials
For businesses, PrestigePEO significantly reduces the administrative burden of managing employee benefits and coordinating human resources solutions. This gives you, as a broker, a leg up in delivering your support to your business clients.
Are you ready to take your clients to the next level of employee benefits and HR management? Get in touch with us at brokerpartner@prestigepeo.com or 866-445-9386 today.
