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.
How a Professional Employer Organization can help your business
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.
How a PEO helps a business save money and reduces employer risk
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.
What is a PEO?
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.
Employee Handbook Development & Review
Employee Records Management
Wage & Hour Compliance and Complaint Resolution
I-9 Tracking & Compliance
Employee Discipline & Termination
Hiring Practice & Procedures
Unemployment Claims Management
FMLA Management & Compliance
Annual State & Federal Labor Postings
Job Description Support & Development
Child Labor Law Compliance
Discrimination Issue Resolution
Progressive Discipline & Corrective Action
Access to HR Forms & Reports Library
Access to HR Specialists
Workers’ Compensation Claims Management
A PEO handles claims from the first report of injury through return to work
When a claim hits, PEO’s investigate thoroughly to prevent and deter fraud
National coverage for all areas and risk
Pay as you go, no large up-front premium deposits
No annual audits or additional audited premium
Risk management & safety services
Occupational Safety and Health Administration (OSHA)
Equal Employment Opportunity Commission (EEOC)
Americans with Disabilities Act (ADA)
Family Medical Leave Act (FMLA)
Department of Labor
Immigration & Homeland Security
Most companies can’t afford the luxury of dedicated benefit administrators or get the advantageous premiums available to Fortune 500 firms, PEOs can
PEOs leverage economies of scale to deliver enterprise-grade coverage at lower costs than many companies pay for even sub-par plans
Expanded offerings and options: Health, Dental, Vision, Life and more
Affordable Care Act (ACA) Compliance
New Hire Compliance Monitoring
Access to Trion’s suite of additional benefits: Travel & Ticket discount, Legal Shield
Standard and Custom Reports (pay journal, check register, liability, job costing, workers’ compensation, time sheet, department and many others)
Direct Deposit & Paycards
24/7 Web Portal
Online Payroll Submission
Time and Attendance Interface
Friend of Court & Garnishments
Paid Time Off Accrual & Tracking
New Employee On-boarding
New Hire Reporting
Zero Corporate Administrative Costs
Multiple Design Options
Traditional & Roth 401(k) Options
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Top 5 reasons to partner with a Professional Employer Organization
Professional Employer Organizations relieve the stress and burden of HR administration.
A PEO’s service-and-technology infrastructure creates efficiencies and streamlines HR tasks.
PEOs share employer risk, reducing exposure and creating stability for your organization.
A PEO’s size provides clients better benefits and HR services available typically to only much-larger corporations.
A reputable PEO will value their clients as partners and offer scalable solutions to grow with your business