What Does a PEO Company Do?
PEO companies allow their clients to outsource administrative tasks like distribution of employee benefits or employee performance reviews. When you enter an employment relationship with one, their HR and payroll specialists will take on any administrative task you no longer want to handle in-house.
Professional employer organizations can also give your business access to software that simplifies and expedites your payroll process. These computer programs are geared towards businesses that want to keep their payroll in-house, but still need some help getting it done.
If you decide to work with a provider, here are some of the tasks you’ll be able to outsource:
- Payroll processing
- Payroll taxes
- Workers’ compensation
- Employee benefits
- Hiring, onboarding, terminations
This list contains just a few of the amazing services you can expect to receive from an outsourcing company. To learn more about what a provider can do for you, schedule a free consultation with our helpful team. We’ll be able to find one that provides all the HR and payroll services your business needs to thrive.
How Do PEO Services Work?
If you choose to outsource your HR or payroll to a provider, you’ll enter a business relationship known as “co-employment.” In co-employment, you and your executive team will retain the right to make decisions regarding your company and employees. Your PEO’s job is simply to provide you with the services your business needs to succeed and grow.
Co-employment can also help you reduce your liability regarding government compliance and workers’ compensation. That’s because providers always make sure that their clients are operating in accordance with federal and state law. They also offer workers’ compensation insurance coverage, and can handle any workers’ comp claims brought against their clients.