A Professional Employer Organization (PEO) provides comprehensive HR solutions for small and medium sized businesses including Payroll, Benefits and Human Resources Compliance Support through a co-employment platform.
PEOs combine the employees of their client companies into a single large group.
By aggregating the employees into a large group, PEOs achieve size advantages which they use to negotiate comprehensive benefits packages similar to those of major corporations.
PEOs also manage the paperwork and administration associated with having employees.
In partnering with a PEO, business owners gain access to subject matter experts, reduce employment related liability and are free to concentrate on growing their business.
What is a PEO?
Professional employer organizations (PEOs) enable clients to cost-effectively outsource the management of human resources, employee benefits, payroll and workers’ compensation. PEO clients focus on their core competencies to maintain and grow their bottom line.
Businesses today need help to manage 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.
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.
Is being an employer more complicated and expensive than you thought? OELS can help! It all starts with a quick Phone call (315)-463-7838