Perhaps you have heard about the many benefits a Professional Employer Organization (PEO) provides its clients. Many small to mid-sized business and even large corporations are growing faster, reducing employee turnover and increasing employee satisfaction with the help of a Professional Employer Organization.
A qualified and reputable PEO will help your business relieve the stress and burden of HR administration — while keeping the control of your employees and business firmly in your own hands. A Professional Employer Organization handles the time-intensive, non-revenue repetitive HR tasks and record keeping that tax your companies’ resources. The time, staff and resources you need to devote to Human Resources now can be focused on your company’s core objectives. PEOs tailor their HR services and employee benefits to fit company strategy, practices and culture. When executed effectively, PEO services are implemented seamlessly, without disruption of day-to-day operations — delivering tangible, measurable benefits immediately to your company and your employees.
In addition to the relief a PEO provides for HR administration, a PEO relationship can create cost savings for your business. A PEO’s purchasing power can create cost savings for products, such as health benefits and workers’ compensation insurance. Professional Employer Organizations purchase these products for thousands of employees at a time and, in turn, passes savings onto their clients. The economies of scale created by a PEO relationship allow a business to remain competitive even compared to larger corporations. And, mitigating employer risk across a PEO’s broad labor pool, minimizes the effect of claims to create stability for a business.
A PEO (Professional Employer Organization) helps relieve the stress, burden and risk for employers by helping to cost-effectively manage HR services such as HR Administration, Payroll and Taxes, Benefits Administration, Workers’ Compensation, Regulatory Compliance and Retirement Services. In a PEO relationship, the Professional Employer Organization and client share employment risk and responsibilities. PEO clients typically are small- to medium-sized businesses from any industry and can range from one employee to several thousand. A Professional Employer Organization can handle the array of HR tasks an internal HR staff would typically manage — or simply take care of time-consuming, repetitive, day-to-day HR tasks for an existing HR department.
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