What is a PEO?
A Professional Employer Organization (PEO) enables clients to cost-effectively outsource the management of human resources and other employment-related tasks including employee administration, workplace safety, compliance, unemployment and workers compensation claims, risk management, benefits, payroll, payroll tax compliance and more.
Through this co-employment arrangement, the client and the Professional Employment Organization contractually share employer responsibilities and liabilities. Clients come in all sizes and industries, and are able to focus on their core business to maintain and grow their bottom line, while the PEO concentrates on what they do best, all of the back office administration.
What are the Advantages of Partnering with a PEO?
- Write one (1) check
- No work comp deposit
- Unemployment claim support
- No work comp audit
- Improved productivity and profitability
- No quarterly reports
- Expert administrative help with risk management and compliance
- Focus on the growth of your company
- Streamlined payroll and claims processing
- Better handling of workers compensation claims
- Help attract and retain top employees
- Improved job satisfaction for your employees
- Relief from the burden of HR and much, much more!
How will My Business change with a PEO?
Transitioning to a PEO relationship is very easy. You are connected with an onboarding team that will take of everything for you. Once you are set up, communicating with them is simple. You would keep track of your employees hours for bookkeeping just like normal, you would send that information to the PEO and they would then process the payroll checks, taxes and other administrative tasks. Receive an invoice and write one check that covers payroll, taxes, processing and workers compensation.
Growth for the Future and Flexibility
As your business changes and grows, the PEO relationship will be right there with you. You are communicating with them regularly and any employee changes will current with no additional charge. This is a Pay-As-Go program that eliminates Annual Audits which can be huge surprise financially.