David Schek – LeastStaff
We apply our 80 years of staffing and human resource experience to identify the most effective and LEAST expensive source for workers’ compensation insurance. Our clients range from staffing starts ups to large staffing companies that employ hundreds of hourly workers on a weekly basis. From low cost white collar 8810 codes to higher cost heavy industrial codes, Leaststaff can help you review your current rates, and provide quotes for newer lower cost programs.
Every staffing company should review their work comp rates at least once a year with an experienced staffing work comp broker or agent. Utilizing multiple consultative sessions with each client, we analyze their staffing and human resource needs, and match them with the best workers’ comp and human resource programs in the market. Our unique expertise with workers compensation for staffing companies, allows you to secure individually tailored solutions at competitive pricing.
Our clients enjoy specialized workers compensation options that include :
State Funds, Private Carrier Policies, Professional Employer Organization (PEO) and Employer of Record (EOR) Programs.
Workers’ compensation is a critical cost component of any staffing company. Often, it means the difference between generating a profit or a loss with your light and heavy skilled industrial employees.
Even if you staff medical and hospitality niches, where workers compensation rates are generally less than industrial positions, work comp rates are extremely important to your bottom line.
Hundreds of staffing companies use PEOs, and estimates show 2-3 million Americans are currently “co employed” through a PEO.
“Even though there are over 900 PEOs in 50 states, LeastSaff has found only about five PEOs that specialize in servicing the staffing industry, and can effectively manage the large employee turnover that most staffing companies incur.”
The PEO industry currently generates between $136 billion and $156 billion in gross revenues.
PEOs have an 88 percent client retention rate due to strong client satisfaction.
PEOs manage about $1 billion of payroll annually each.
Professional employer organizations (PEOs) enable staffing companies to cost-effectively outsource human resource management including workers’ comp. This allows your staffing firm to concentrate on the operational and revenue-producing side of its operations.