CONROE, Texas, Jan. 27, 2014 /PRNewswire/ -- As small business owners struggle to manage the cost of insurance, employment liability and health care reform requirements, Questco, a leading provider of Professional Employer Organization (PEO) business solutions announced its expansion into Dallas, Austin and San Antonio.
In today's demanding business environment, small businesses are vulnerable to unpredictable insurance costs and unintentional errors while administering HR functions. Questco helps mitigate these risks for small- to mid-sized business by serving as a Professional Employer Organization (PEO). PEOs provide integrated services through a co-employment model, where the client company continues to direct employees' day-to-day, job-related duties, while the PEO contractually assumes certain HR-related rights, responsibilities and risks as the "employer of record" on an employee's W-2.
"This is an extremely exciting time at Questco. We set a new record in new client growth as well as achieved an industry leading client retention rate of over 96%," said Chief Executive Officer Ben August. He further states, "Our ability to attract new clients is a direct result of our ability to deliver cost effective insurance, payroll and HR solutions and even tailor them to meet the individual needs of our clients. Coming off years of unprecedented growth and with the full support and backing of our new investment group, Acacia Partners, we will begin a year of expansion into several markets throughout Texas."
August notes that economic indicators point to business and employment growth throughout the Texas. "As companies emerge from the recession, business owners today are demanding more than ever from their human and financial resources. This reality makes engaging a PEO an attractive and compelling business solution," he adds.
"Ideally, business owners would focus their efforts on growing their business. However, in the today's world, business owners spend a significant amount of time struggling to manage employment related costs and complying with the growing regulatory complexities," said August. "Questco helps business owners focus on what matters most to them because Questco's uniquely experienced professionals handle the intricacies of payroll, benefits, workers' compensation, risk management, tax, insurance and compliance. We offer business owners peace of mind, while also freeing up valuable time that can be redirected to growing the business."
Questco, founded in 1990, is a Professional Employer Organization ("PEO") headquartered in Conroe, TX. A PEO provides human resource management and administrative services through a co-employment relationship with its clients. Questco enables its clients to cost-effectively outsource the management of employee benefits, workers compensation, human resources, payroll, and employment liability.
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