LBMC Employment Partners, LLC, a leading Professional Employer Organization (PEO), HR outsourcing, payroll service bureau and benefits broker, is partnering with an increasing number of business owners, human resources managers, and C-level leaders. These leaders turn to the company’s PEO experts to help navigate rising costs, inflation, and talent shortages while enhancing overall performance and improving the employee experience.
Five Ways PEOs Can Help Set Up Organizations for Success
1. Improve performance.
Businesses utilizing a PEO develop 7-9% faster, are 16% more likely to report an increase in profitability, and are 50% less likely to fail compared to those without a PEO, according to the
National Association of Professional Employer Organizations (NAPEO).
A PEO can save $1,775 per year per employee and yield a 27% ROI by allowing organizations to focus on core business functions, reduce HR costs, and improve scalability.
2. Offer better benefits.
PEOs allow small and mid-sized companies to provide competitive benefit packages typically reserved for large enterprises. Through pooled purchasing, companies gain access to better health, dental, vision, and retirement options, as well as wellness programs and lifestyle perks like insurance discounts and fitness plans.
3. Streamline processes.
Consolidating all HR services under one roof means fewer vendors, unified platforms, and more streamlined communication. This leads to improved data management, easier troubleshooting, and enhanced employee experience.
4. Stay in compliance.
Staying up to date with federal, state, and local regulations—like FUTA, SUTA, and FICA—can be complex and time-consuming. PEOs simplify this by combining technology and compliance expertise to ensure all policies, deadlines, and legal requirements are met consistently.
5. Attract and retain top talent.
NAPEO research shows PEOs can reduce turnover by up to 14%. Access to strong benefits, simplified HR tools, and dedicated support can enhance recruitment and retention—especially in remote or hybrid work environments. A PEO can also play a key role in shaping a positive company culture.
Get in touch with LBMC Employment Partners to learn how a PEO can support your company. LBMC Employment Partners, a member of NAPEO since 1999, is the only IRS-certified PEO headquartered in Tennessee.
About LBMC
LBMC is a 2024 USA Today Top Recommended Firm and an Accounting Today Top Firm serving 11,000+ clients across industries such as healthcare, manufacturing, technology, and private equity. With 900+ professionals in TN, KY, and NC, LBMC is a four-time national certified Great Place to Work and was named a 2023 Best Workplace in Consulting & Professional Services.
About LBMC Employment Partners
LBMC Employment Partners, LLC provides comprehensive HR services including PEO, HR Outsourcing (HRO), Payroll, HR consulting, benefits, and ACA compliance consulting. As a UKG Ready partner and the first Tennessee-based PEO to receive IRS CPEO certification, LBMC Employment Partners offers scalable, automated tools to support business success. Learn more at www.lbmcep.com.
