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Professional Employer Organization
A Professional Employer Organization (PEO) provides an integrated, cost-effective
solution to the management and administration of the human resources (HR) and
employer risks of its clients, by contractually assuming substantial employer
risks and responsibilities. By aggregating the workforces of multiple clients,
the PEO can afford to deliver comprehensive human resource services through
a professional staff to small to mid-sized companies in an affordable manner.
The PEO relationship involves sharing of employer responsibilities
between the PEO and the business owner; this shard employment relationship is
called co-employment. Each party is solely responsible for certain obligations
of employment, while both parties share responsibility for other obligations.
The business owner focuses on revenue-generating activities while transferring
the administrative burden of managing human resource and payroll issues, state
unemployment, related paper work and red tape. The PEO takes charge of payroll
and personnel administration while the company continues to supervise and control
employees in the workplace.
- Saves time and paperwork hassles
- Reduces accounting costs
- Advice helps insulate from wrongful
- Provides professional guidance
- Provides professional human resource services (employee handbooks, forms,
termination or negligent acts in the training, policies and procedures) workplace
- Structured, clear communications
- Payroll on-time and accurate
- Professional assistance with employment-related issues
- Professional, comprehensive new employee orientation
- Clear, easy-to-read professionally written employee handbook and thorough,
fair and well-researched employment policies and practices
- Secure Internet access to critical personal employee information, including
on-line W-2 forms, vacation and sick accrual data, and more
- Exclusive employee discounts and rates on travel, entertainment and services
- Credit union membership and banking privileges
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