The right PEO for your growing business
A PEO provides a business with an outsourced HR team, and they help you manage your most important assets, your employees. But, what does a PEO do exactly?
Payroll and Tax Solutions
When you work with a PEO, you no longer have to spend time working on tedious paperwork related to payroll and employment taxes. These functions are absorbed by the PEO. The PEO’s payroll team makes sure paychecks and taxes arrive to the correct parties and that they are accurate and are delivered in a timely manner.
When onboarding new employees, the HR team helps you gather the correct applications, paperwork, and employee identification to keep you compliant with all current state and federal employment laws. The risk and safety PEO team members can work with you to implement a safety manual and/or an employee handbook to help make your employees aware of any rules and regulations within your company.
Workers’ Compensation Claims Management
If one of your employees were to become injured on the job site, you will contact your claims team at the PEO so that they can walk you through the claims process and next steps. This will allow you to do everything correctly from the start of the claim while avoiding any missteps throughout the entire process.
The job market is extremely competitive right now, and more and more companies are offering benefits to their employees to make sure their top talent sticks around. It can be hard for businesses to afford benefits, but with a PEO, you will have access to the kind of plans that are usually only available for large corporations. Being under the PEO’s umbrella allows you to group your employees onto their benefit plans for more affordable prices then you would find on the standard market.
So what does a PEO Do? While they manage just about all of your employee related administrative tasks, they also keep your company safe and compliant with state and federal laws pertaining to having employees. A PEO is an asset to a growing business. Let us find a PEO to grow with you.
What is a Professional Employer Organization?
A professional employer organization (PEO) provides comprehensive HR solutions for businesses of all sizes. Payroll, benefits, HR, tax administration, and regulatory compliance assistance are some of the many services PEOs provide to growing businesses across the country.
Businesses that work with a PEO grow 7 to 9 percent faster, have employee turnover that is 10 to 14 percent lower employee turnover, and are 50 percent less likely to go out of business.
Definition provided courtesy of the National Association of Professional Employer Organizations – NAPEO.