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What is a Professional Employer Organization (PEO)?
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Professional Employer Organizations (PEOs) enable clients to cost-effectively outsource
the management of Human Resources (HR), Employee Benefits, Workers' Compensation and Payroll.
PEO clients focus on their core competencies to maintain and grow their bottom line.
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Businesses today need help managing increasingly complex employee related matters such as
Health Benefits, Workers' Compensation claims, Payroll, Payroll Tax Compliance and Unemployment
Insurance Claims. They contract with a PEO to assume these responsibilities and provide expertise
in Human Resources management. This allows the PEO client to concentrate on the operational and
revenue-producing side of its operations.
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A PEO provides integrated services to effectively manage critical Human
Resource responsibilities and employer risks for clients. A PEO delivers these services by establishing
and maintaining an employer relationship with the employees at the client's worksite and by contractually
assuming certain employer rights, responsibilities and risk.
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For your Business, a PEO:
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- Provides experienced professionals in HR, benefits, payroll and risk management.
- Delivers professional assistance with compliance (payroll, OSHA, EEOC).
- Provides specialized reports and secure internet access to payroll, benefits and personnel data.
- Provides access to professional HR guidance and materials.
- Manages unemployment and Workers' Compensation claims.
- Supplies a standardized employee handbook, policies, procedures and practices, as well as the option for custom policies and procedures.
- Improves cost control.
- Delivers access to better benefits.
- Helps reduce turnover.
- Provides quality benefits to attract and retain the best employees.
- Provides you more time to focus on your bottom line.
- Gives you the opportunity to grow your business faster.
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For your Employees, a PEO:
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- Provides access to comprehensive benefits which may include 401(k), Section 125 plan, comprehensive health insurance benefits, Flexible Spending Plan and Employee Assistance Program (EAP).
- Delivers on-time and accurate payroll.
- Provides professional assistance with employment-related issues.
- Supplies employee handbooks, policies, procedures and practices.
- Offers up-to-date information on labor regulations, workers' rights and worksite safety.
- Processes Workers' Compensation claims efficiently and responsively.
- Enables employees who move from one PEO client to another to avoid loss of eligibility for benefits.
- Provides improved access to payroll information and benefits.
- May offer credit union membership and banking privileges.
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For Government, a PEO:
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- Consolidates several companies' employment tax filings into one.
- Provides professional preparation and reporting of payroll taxes and new hire information.
- Extends access to medical benefits to more workers.
- Provides access to 401(k) retirement savings opportunities to more employees.
- Improves the communication of government requirements and changes to small businesses and their employees.
- Reduces litigation by helping to resolve many workplace disputes before they reach court.
- Allows government agencies to reach businesses through a single-employer entity.
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