What is a PEO?
Professional Employer Organizations (PEO) enter into a co-employer relationship with clients, which allows them to share and manage many employer-related liabilities and responsibilities. Clients outsource their human resources to the PEO and maintain control of their companies, while the PEO provides human resources services, employee benefits administration, payroll administration and workers' compensation.
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What is co-employment?
Co-employment is the contractual arrangement between the client and the PEO that allows the PEO to provide a full range of services and to transfer or share many employer liabilities. Each party is responsible for certain employment obligations, and each party shares responsibility for other employment obligations. Workers become employees of two employers: the client retains supervision for production or delivery of service and the PEO assumes responsibility for human resources, payroll and tax filing services.
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Can a PEO fit into my organization?
By delegating many of your employer-related responsibilities to the PEO, you can focus on your day-to-day business and what it takes to grow your organization. A quality PEO can help you attract and retain top talent, reduce your employment liability, enhance your benefit options, minimize transactional HR, improve productivity, ultimately increasing your profitability, all while allowing you focus on running your business.
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Will I have to give up control of my company when I use a PEO?
You'll find that you actually gain more control over your business when you use a PEO. You're freed from the aggrevation of the many administrative issues and details. This allows you to focus on doing what you do best; growing your business. At the same time your employees can access quality employee benefits that motivate and increase employee loyalty.
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Why do I need PEO?
Being an employment expert is difficult and requires years of training. You probably do not have the time or the experience to become a human resources expert, and at the same time grow your business. Let a quality PEO help you manage your human resources, become more strategic and systematic about the success of your company, and realize greater efficiency and productivity. A quality PEO can help free you so you can move your organization to the next level.
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