PEO
Organization
Professional
Employer Organizations have prospered because
they help their client companies do well by
offering:
•
Improved employment practices, compliance
and risk
management
to reduce legal responsibility
• Assistance from the burden of employment
administration
• A wide range of personnel management
solutions with a team of professionals
• Access to a all-inclusive employee
benefits package, giving access
to clients to be competitive in the work
force
Hiring
a PEO involves more than simply allowing them
to manage
your HR department; the PEO organization
actually become a co-employer of your personnel.
As the legal employer of record for your employees,
the PEO organization hires your employees
and leases them back to you. They then use
their own tax ID to submit payroll records
and file taxes, offer benefits, and secure
workers' compensation insurance on your behalf.
Many employees fear this change, thinking
they are being farmed out to another company,
but with a bit of planning and open, honest
communication, nearly all employees embrace
this change, seeing the benefits they gain.
PEO
services may appear to be a solution only
for large companies, and they certainly can
be; however, the majority of PEO organization
customers are actually small businesses with
15 - 20 workers and virtually no HR staff.
It all depends on what your company wants
to do. A PEO organization helps the small
companies get the savings and benefits those
large companies enjoy. On the other hand,
they also allow large companies to offer employees
new benefits that are hard to administer,
like 401k and flexible spending plans.
Whether
your company is small and growing or large
and booming, a PEO organization can help you
manage areas of your business that can be
time consuming. Imagine having more time,
money and resources to devote to the essential
pieces of your company. A PEO organization
can do that for you.
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