How to give employees access to Fortune 500-level benefits

For the majority of laboratories in our industry, the idea of offering a top-tier benefits package is simply cost-prohibitive. But by partnering with a Professional Employment Organization (PEO), Laboratory Owner Don Inman, Inman Orthodontics, Coral Springs, FL, has found he can take advantage of economies of scale to bulk up his employee perks.

Fifteen years ago, Inman started working with a PEO, which became his employees’ ”Employer of Record.” Though he continues to make hiring decisions and dictate things like wages, time off and job responsibilities, the PEO handles human resources-related tasks including payroll and tax compliance, benefits administration, workers’ compensation and unemployment claims. 

But most important to Inman is that, because the PEO represents a large pool of employees, it can negotiate lower insurance costs and better benefits rates than he is able to do on his own, which allows...