#9 - Tad Griffin and Troy Smithson talk about BBSI
December 16, 2022
Troy and Ted from BBSI, a local business part of the South Jordan Chamber, discussed the benefits of partnering with a Professional Employer Organization (PEO).
Troy and Ted from BBSI, a local business part of the South Jordan Chamber, discussed the benefits of partnering with a Professional Employer Organization (PEO). Troy has been with BBSI for four years and previously was a client for 13 years. He grew his small business from 8 employees to 2150 at its peak with the help of BBSI. Ted joined BBSI after spending 8-25 years in the payroll industry.
He was impressed by their breadth of services and culture and has seen amazing results from current clients and case studies. Research from the National Association for PEOs shows businesses with a PEO are 2150-2275% less likely to go out of business, have 25-26 to 270-2100% higher return revenue, 5563-2556% higher employee retention, and 27500-22023% higher return on investments.
Administrative Services Organizations (ASOs) are similar to PEOs but differ in terms of tax structure and how employees are paid. With BBSI clients get dedicated payroll analysts, HR consultants, risk managers, workers comp services, health plan options, and more. Ted is also a strategic business partner for Crumble which is the fifth largest company in the nation; 20 accounts have been brought on in recent months with an expected 100+ within 4-6 months.
Troy gave examples of clients he has seen grow significantly due to his help renegotiating terms with suppliers so they do not run out of money as well as focusing on sales and production for better results. Troye and Tad from the South Jordan Chamber of Commerce discussed their services and how they can help businesses. BBSI is one of the largest and most reputable PEOs in Utah, with five locations throughout the state.
They offer educational events, such as a supervisors academy for 2023, as well as lunch and learn sessions throughout the community. They encourage businesses to reach out to them even if they are not clients, as they have many events that can be beneficial. People can contact them by calling Tad at 801-556-7500 or emailing either Tad at email@example.com or Troye at firstname.lastname@example.org for technical questions.
Their message is that no matter how hard things may seem in business, it will get better with help from a reliable partner like BBSI.