Quite simply, a Professional Employer Organization (PEO) is a firm that can cost-effectively take care of all of your HR needs—from day-to-day administration to complex and difficult issues, leaving you the time and energy to focus on growing your business.
Less Paperwork, Better Benefits
Think payroll, taxes, vacation and Paid Time Off (PTO) administration. Think employee recruitment, training and professional development. Also think Fortune 500 benefits for your employees, with no annual negotiations. A PEO does all of this, and more.
Experts for Compliance, Legal Issues
With a PEO, you have a skilled team to ensure you’re complying with ever-changing regulations—including the Affordable Care Act. Your PEO provides workers’ compensation insurance, and is there to handle unemployment and other employee claims and issues such as discrimination, sexual harassment and wrongful termination.
Attract/Retain Top Talent, Save Time/Money
A PEO reduces your administrative burden, helps develop and retain your talent and takes on the liability of ensuring a sound business that meets state and federal employment laws. It does all of this through a structure called ‘co-employment.’
With co-employment, your PEO actually shares in the risks and responsibilities of being an employer, while saving you time and money. You are the “On-Site Employer” responsible for the culture of your company and for hiring and supervising employees. Your PEO is the “Administrative Employer,” responsible for paying wages, filing taxes, maintaining employee records, providing insurance and benefits, implementing safety and risk-reduction plans and resolving employee disputes.