Professional Employer Organization (PEO)
Fundamental Services
It’s your choice how you get it done!
- Employee Benefits
- Human Resources
- Payroll
- Workers Compensation (Risk Management)
- Compliance
- Online web payroll reporting with optional employee access,as well as, time upload capabilities
What is a Professional Employer Organization (PEO)
A PEO is a single source provider that provides employee benefits, human resource advice, payroll processing, workers’ compensation coverage,
employee leasing with risk management services along with compliance services. The PEO’s support services are provided to small through midsize companies through the use of a co-employment relationship. The PEO processes your
employees’ paychecks through the PEO’s Federal Employer Identification Number (FEIN). This affords the client companies buying power in the areas of employee benefits, worker’s compensation coverage and payroll processing. This relationship saves thousands of companies millions of dollars every year.
The PEO model offers the buying power of a large group. This affords small through midsize businesses benefits packages like those of a Fortune 500 company. As an added inclusive service, the PEO becomes responsible for many of the compliance issues that small through midsize businesses now face. From the new benefits rules, to accurate and timely employer wage tax filings. The PEO has the ability to save your company money while shifting liability.
In addition to the core offering, many PEO’s offer Employer Practices Liability Insurance (EPLI) as part of their inclusive service. In today’s litigious environment all employers should have this coverage. EPLI covers employers for wrongful termination, harassment and discrimination lawsuits.
While partnering with a PEO, your company will enjoy the benefits of larger companies. In addition to Health, Dental, Vision, Long and Short Term Disability, and Life Insurance, your company will be able to participate in affordable retirement plans.
The business owner maintains control of the day to day activity of their employees, while the PEO becomes a consultant / partner.
Why Consider at Professional Employer Organization (PEO)
- Buying power for employee benefits
- The PEO can open up an array of benefit options that would not normally be available to smaller employers at a competitive cost
- Cash Flow you don’t need to hire your own overhead staff
- Compliance - you can rest easy knowing that the burdens of many compliance issues are handled by your PEO as the co-employer.
- Buying power for Workers Compensation
- Workers compensation incentive / refund programs for companies that pay a lot in premiums
- Professionally managed programs with top rated carriers
- Risk management programs, including safety programs.
Share the risk. As co-employers, the PEO and you work together to mitigate risks that abound in every day management of your business. The PEO becomes a valuable partner as you move through the lifecycles of your business.