The Pros of Working with a Professional Employer Organization
If you’re new to the world of co-employment and professional employer services, you’re probably still getting familiar with professional employer organizations (PEOs).
Although you may understand the technical function of these entities, you might still be on the fence about whether or not to partner with one.
So, let’s take a look at all the benefits of doing business with a PEO.
Many companies turn to PEOs for complete administrative relief. PEOs provide information packets, on-boarding literature for new hires, immigration service forms, and tax deposits for employees. They also help manage employees by handling staff files, issuing W-4s and I-9s, and distributing company benefit information.
PEOs also draft quarterly reports to analyze key metrics and evaluate specific quality standards. And, an experienced PEO even conducts annual internal audits to verify compliance and measure the effectiveness and accuracy of each service.
With countless employee-related liabilities, like EEOC, OSHA compliance, Affordable Care Act, and Americans with Disabilities Act, business owners have more staff risks to address and less time to effectively do so. Working with a PEO is a great way to ensure that every area of your business meets government compliance.
By working with a PEO, your business has access to specialized benefits designed to minimize employee liabilities, such as workers’ compensation.
Human Resources Relief
Human resources is a vital department to a healthy business. HR gives employees a place to voice their concerns, update their personal statuses, and address any job-related inquiries. However, not every business owner has the experience or time to fully dedicate enough resources to HR.
Fortunately, PEOs offer HR services that decrease employee liability and drive employee performance. PEOs assist businesses with employee on-boarding, termination, and counseling. They also compile policies and procedures, and provide guidance with employee discipline to ensure that quality standards are under control.
Your Professional Employer Services Partner
The right PEO partner can educate your business and elevate its productivity. Since 1997, Professional Employer Resources (PER) has partnered with small to mid-size businesses to deliver a series of professional employer services. If you’re ready to maximize your business’s productivity and minimize the administrative, HR, and employee liability tasks that come with it, contact us today at 888-599-4991.