By partnering with a Professional Employer Organization (PEO), you will be able to offer your employees the best group health insurance plans available on the market. Plus, the PEO will assume your HR administrative burden including benefit administration, payroll, and taxes, as well as provide you with support for risk and compliance complexities. In general, you can expect help with the following.
Human Resources Services
- HR administration
- Payroll and tax services
- Workforce management
- High-caliber benefit plans
- Ancillary coverages and services
- Benefit administration
- Employee programs
Risk & Compliance Services
- Employer insurances (WC, EPLI, UE)
- Regulatory compliance
- Risk management
As a PEO brokerage, we shop and compare dozens of PEOs to find you the right provider and negotiate the best terms. By forcing multiple firms to compete for your business, you get a much better deal! Now you can get back to growing your business instead of managing it.
What is a Professional Employer Organization?
A Professional Employer Organization, or PEO, is a business model that helps small to mid-sized business manage the everyday HR needs that smaller businesses struggle to handle alone. Some examples include: Filing payroll taxes, providing health insurance (and other benefits), getting workers compensation coverage, writing employee policies, and managing employee issues. A professional employer organization manages the full employee lifecycle under one roof—consolidating your vendor relationships and, ultimately, freeing you up for everything else that matters to your business. The "employee lifecycle" is a practical way of looking at employment and depicts the critical points where employers can enhance the employee experience.
How does a PEO work?
A PEO standardizes and harmonizes critical employee management processes. Creating uniformity in payroll, benefits administration, and HR processes that help you more consistently meet cost and business objectives. Handling many specific processes and making sure they all fit together harmoniously. When you establish this level of consistency, a series of things can happen. Processes become more consistent and therefore more reliable. With fewer inconsistencies, you can mitigate the risk of unexpected costs, lower the maintenance costs of employee management processes, and increase business agility. With better systems and practices in place, you can reduce the likelihood of errors and miscommunication (whether between technology systems or departments). And ultimately, you get more control over business operations.
What are critical employee touchpoints?
By mastering these essential touchpoints, your business will minimize risk and maximize your return on wage dollars spent.
#1 Recruiting - Attract the employees who will help drive your business and increase profits.
#2 Hiring - Effective hiring processes help employees get up-to-speed and become productive quickly.
#3 Compensation - Determine competitive wages so you can attract better employees.
#4 Benefits - A comprehensive employee benefits package will help you retain and attract high quality employees.
#5 Payroll & Tax Administration - You receive employee productivity in return for your investment of wages, but after that it is mainly a highly regulated administrative function that has to be done properly to avoid penalties and fines.
#6 Performance Management - Gauge the performance of your employees and your company in order to maintain expectations and improve overall employee productivity.
#7 Worker's Compensation & Liability Management - Mitigate risk of fines, lawsuits, and poor return on wage dollars spent by reducing the likelihood of workplace injuries and employee conflicts.
#8 Compliance - Employment is one of the most regulated and risky aspects of running a business, which is why you must have a plan that protects your company from fines and litigation.
#9 Document Management - High quality record keeping is essential because it is required by law, protects companies from frivolous litigation, and helps drive employee productivity.
#10 Employee Termination - Separation can be the riskiest point in the employment relationship. It has a lot of regulation and may impact your customers, revenue, and other employees.
These 10 critical points of the employee lifecycle are often neglected because they are not perceived as value-added tasks. By improving some of these critical points, companies can experience greater productivity, reduce risk, attract better employees, retain employees, and much more. This organization helps you at each of these steps and will focus on the regulatory preparation/paperwork and day-to-day employee administration so you can focus on HR strategies that impact your profitability.
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