A PEO is an organization that provides its client companies with Worker’s Compensation Coverage as it processes the client’s payroll. PEO is an acronym of Professional Employer Organization. Simply put, your employees are reported under the PEO’s State and Federal Tax numbers. This allows the PEO to pay your State and Federal Employer Taxes as well as extend Worker’s Compensation to your company. It should be made clear that you, as the employer, lose no control over your day-to-day operations. You are still squarely in charge of whom you hire, terminate, and the setting of wages for your employees. A PEO is used to reduce Worker’s Compensation costs and ensure proper handling of employer’s legal obligations.
Your Worker’s Compensation premiums are greatly reduced by outsourcing your employee administration through a PEO. On top of a Worker’s Compensation premium reduction you will be able to take advantage of an entire suite of Human Resource Services that ensure the following:
These are just a few of the human resource issues that a PEO can help you with. In addition to their trained personnel, they have retained some of the finest human resource attorneys to assist your human resource management needs. We work with a PEO that will provide you with Employment Practices Liability Insurance. This insurance offers protection from the following:
The PEOs that we work with offer Employment Practices Liability at an unbelievably reduced rate of only $10 per week.
In conjunction with our Drug Free Workplace Program, most PEO’s offer you and your employees (and their immediate family members) a full service Employee Assistance Program (EAP).
In these ways and so many more a PEO can give you the availability to reduce your Worker’s Compensation and Employee Administration costs.