What is PEO? Is it the right solution for you?
As a Professional Employer Organization – or PEO – we allow our clients to outsource much of the work required by having employees. Our job is to manage and administer areas such as human resources, compliance, adherence to federal and state laws, payroll, and other administrative tasks related to having employees.
What Does Co-employment Mean?
Thanks to the co-employment model of a PEO, we take full responsibility for the HR-focused and administrative requirements surrounding the legalities of having employees, while you manage the day-to-day management of your team. Additionally, we are able to allow all our clients to pool resources, which gives you the ability to offer your employees the same (or better!) benefits at a much more reasonable cost.
Simply put, we become the “employer of record” for your employees, managing all the administrative work. However, you are the operating employer, with direct oversight of the employees who work for your business.
In other words, your employees are co-employed by both the PEO as well as your company.
While you manage the day-to-day life of your employees (determining who to hire, who to fire, how they’re trained, their operational roles, etc.), we assume the risk that comes with having employees (payroll, filing taxes, following state and federal guidelines, administering benefits, etc.)
A Collaborative Relationship
A PEO doesn’t only manage the HR paperwork and administer benefits for your employees. We work as a team with each client, providing support, guidance and insight on areas such as recruitment, employee retention, training and more. We’re also on-call for your employees, answering questions and providing HR-focused resources to help them excel in their roles.
Benefits of working with a PEO
- Time Savings: Removes the minutiae of payroll, taxes, and other Human Resources responsibilities from business owners’ to-do-lists.
- Cost Savings: Lower cost benefit rates due to combined purchasing power of PEO, and the reduced cost of paying for in-house Human Resource staff.
- Reduced Liabilities: Your company will be in compliance with Federal and state employment laws, reducing your exposure to unintended fines and penalties.
- Greater Efficiency: The PEO manages all the administrative tasks associated with employees and compliance, filing payroll taxes and deposits, creating handbooks, and other needed
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