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Professional Employer Organizations (PEO)
Professional Employer Organization (employee leasing) relationships are designed to transfer the administrative payroll and benefit responsibilities for current employees to the PEO. The PEO company assumes the responsibility for paying the employees, paying the FICA, State and Federal Unemployment Taxes, thereby creating an insurable interest in the employees. The business owner retains supervision of the employees, to include hiring and dismissal decisions.
This expanded role gives the PEO the right to include all of the employees, and their combined respective payrolls under a single application for workers’ compensation coverage. More employee payroll equals more workers’ compensation insurance premiums which results in more volume discounts. Plus, risk management responsibilities are shared by the professional staff of the PEO.
Health insurance, retirement plans, EAP and a wide selection of voluntary benefits are frequently offered to the employees of the PEO. Specifically, the size of the PEO group determines the employee population viewed by the insurance company as the eligible group. Contact us to learn more now.
Millions of employees nationwide enjoy the co-employment relationship established when an employer uses a professional employer organization. Decreased employee turnover reduces cost and increases productivity.
Our team has done the research and has the experience to explore the opportunities available to your organization. We can assist you in developing a profile specifically addressing your company’s needs. Pre-screened PEO provider companies capable of fulfilling your needs are then contacted by our staff so that your valuable time can then be spent making the final decision with the help of our highly experienced professionals.