Small business owners and benefits brokers have increasingly turned to outsourcing HR in recent years. And one solution in particular, professional employer organizations (PEO), have seen rapid growth as more companies turn to outsourcing in today’s challenging HR climate.
Despite the popularity of PEOs amongst broker and small businesses, some are still hesitant to partner with them, partly because of these 5 common myths:
Myth 1: Working with a PEO Causes Business Owners to Lose Control of Their Company
Myth 2: Professional Employer Organizations Only Take Business Away from Brokers
Myth 3: All PEOs Are The Same
Myth 4: PEO Partnerships Only Help Benefits and Insurance Brokers
Myth 5: A PEO Relationship is the Same as Employee Leasing
Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance.
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