Unlock the Full Potential of Your Business with a PEO Partnership!
6 KEY SERVICES AND 18+ BENEFITS OF PEO PARTNERSHIP
Payroll Processing Services
Employee Benefits Administration
Employee Benefits Administration
PEOs handle all aspects of payroll management, including calculating wages, deducting taxes, and issuing paychecks.
Benefits:
- Accuracy: Reduces errors and ensures compliance with tax regulations.
- Time Savings: Frees up internal resources from payroll administration.
- Regulatory Compliance:Ensures adherence to federal, state, and local payroll laws.
Employee Benefits Administration
Employee Benefits Administration
Employee Benefits Administration
PEOs manage employee benefits programs, such as health insurance, retirement plans, and other perks.
Benefits:
- Cost Savings: Provides access to more competitive benefit packages due to the PEO’s purchasing power.
- Enhanced Offerings:Improves benefits offerings that might be unaffordable or inaccessible to smaller companies.
- Simplified Management:Streamlines the administration of benefits, including enrollment, changes, and claims processing.
Human Resources Support
Employee Benefits Administration
Human Resources Support
PEOs offer a range of HR services, including recruitment, onboarding, training, and employee relations.
Benefits:
- Expertise:Provides access to HR professionals who can offer guidance and best practices.
- Efficiency:Streamlines HR processes, improving recruitment and onboarding efficiency.
- Compliance: Helps ensure that HR policies and procedures comply with employment laws and regulations.
Regulatory Compliance
Risk Management and Workers' Compensation
Human Resources Support
PEOs help businesses comply with federal, state, and local employment laws, including wage and hour regulations, OSHA standards, and anti-discrimination laws.
Benefits:
- Legal Protection: Minimizes the risk of compliance-related fines and legal issues.
- Up-to-Date Knowledge: Keeps businesses informed about changes in employment laws and regulations.
- Reduced Liability: Assists in maintaining compliance, thereby reducing the risk of costly legal disputes.
Risk Management and Workers' Compensation
Risk Management and Workers' Compensation
Risk Management and Workers' Compensation
PEOs manage workers’ compensation insurance and risk management strategies, including safety programs and claims administration.
Benefits:
- Reduced Costs: Leverages the PEO’s group purchasing power to obtain lower workers' compensation rates.
- Risk Reduction: Implements safety programs to reduce workplace injuries and associated costs.
- Claims Management: Handles the administration of claims, which can improve response times and reduce administrative burden.
Administrative Support
Risk Management and Workers' Compensation
Risk Management and Workers' Compensation
PEOs handle various administrative tasks such as managing employee records, processing unemployment claims, and handling HR documentation.
Benefits:
Operational Efficiency: Streamlines administrative processes, reducing the workload on internal staff.
Accuracy: Ensures proper documentation and record-keeping, which is crucial for audits and regulatory requirements.
Focus on Core Activities: Allows businesses to focus more on core business functions and strategic initiatives by offloading administrative tasks.