Business owners need and want to focus their time and energy on the “business of their business” and NOT on the “business of employment.” And even more troubling, as businesses grow, most owners do not have the necessary human resource training, payroll and accounting skills, the knowledge of regulatory compliance, or the backgrounds in risk…
DetailsOnce a client company contracts with a PEO, the PEO will then co-employ the client’s worksite employees. In the arrangement among a PEO, a worksite employee and a client company, there exists a co-employment relationship, which involves a contractual allocation and sharing of employer responsibilities between the PEO and the client pursuant to a client…
DetailsPEOs provide services to 175,000 small and mid-sized businesses, employing 3.7 million worksite employees – that HUGE economy of scale can benefit your business greatly. The total employment represented by the PEO industry is roughly the same as the combined number of employees for Walmart (United States only), Amazon, IBM, FedEx, Starbucks, AT&T, Wells Fargo,…
DetailsProfessional Employer Organizations (PEOs) provide human resource services for their small business clients—paying wages and taxes and often assisting with compliance in response to the myriad state and federal rules and regulations. In addition, many PEOs provide workers with access to Fortune 500 Benefits such as 401(k) plans, health, dental and life insurance, dependent care,…
DetailsA PEO’s economy of scale enables each client company to lower employment costs and increase the business’s bottom line. The client can maintain a simple in-house HR infrastructure or none at all by relying on the PEO. The client also can reduce hiring overhead. The professionals at the PEO can provide critical assistance with employer…
DetailsNo. The PEO client/business owner retains ownership of the company and control over its operations. As co-employers, the PEO and client will contractually share or allocate employer responsibilities and liabilities per a client service agreement (CSA). The PEO will generally only assume responsibilities associated with a “general” employer for purposes of administration of benefits and…
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