Retaining both skilled and unskilled labor continues to be a challenge for manufacturing. PEO is a tool that can give your company a competitive edge, saving money while reducing many of the “people problems” inherent in the manufacturing business.
By offloading HR functions to a PEO, companies can save $2,000 per employee, per year while reducing employee turnover by 23-32%.
When it comes to job satisfaction, employees in manufacturing weight the quality of the benefits very high. PEO lets manufacturing companies of all shapes and sizes offer “big company” benefits to their employees, by using economy of scale to reduce the costs of benefits.
By saving money on health insurance, manufacturing companies can often afford to offer benefits that include dental, vision, life insurance, disability, 401(k) and more.
Businesses that use a PEO grow an average of 7-9% faster than companies that do not. Get information on how PEO can help your manufacturing company.
