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A Professional Employer Organization (PEO) enables you to concentrate on your core business while maintaining control the day-to-day management of employees such as hiring, firing, promotion, demotion and client service. Behind the scenes the PEO takes care of payroll tax administration, benefits administration, risk management and Human Resources support.
You focus on growing your business while the experts focus on non-revenue generating activities such as payroll processing and benefits administration. Because the PEO is in the business of employee administration it can handle the administration of benefits, payroll taxes, regulatory compliance and human resources support more efficiently than a single business could on its own. This allows you to focus on your business, saving time and reducing your employer liability. A PEO pools the buying power of companies like yours to offer each client access to reduced rates on Workers' Compensation insurance, Health benefits and more. “Thousands of businesses have turned to professional employer organizations (PEOs) for relief. A typical PEO takes over the time-consuming task of HR management, freeing companies to refocus resources on their core discipline. Besides handling a company’s payroll processing, full-service PEOs often provide small and medium-sized businesses with access to big-company benefits they could not offer on their own.”
“Small Businesses Confront HR Woes with the Help of PEOs,” American Payroll, July 7, 2007
The buying power of PEO’s enable them to negotiate rates on things like Workers’ Compensation insurance and Health benefits that are typically lower than a single business could obtain on its own. These cost advantages are passed down to your business, saving you money and generally enabling you to offer a broader scope benefits to your employees. A PEO can help relive the liability that comes with payroll tax deposits, labor law compliance, fraudulent Workers' Comp and Unemployment claims and more. A PEO shares the employer responsibilities of your business. In this co-employment relationship the PEO helps to alleviate the burden of employer risks, from background checks and accurate tax reporting to keeping you up-to-date on current labor laws and fighting fraudulent claims. May PEO's also provide EPLI Insurance to help protect employers against wrongful lawsuits pertaining to discrimination, sexual harassment and wage and hour disputes.
To find a PEO that's the best fit with your company's requirements, contact EmployHR.com today or request a free no-obligation quote online.
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