The document discusses what a professional employer organization (PEO) is and how it can provide comprehensive payroll, benefits, and human resources services through a co-employment relationship. Specifically, a PEO takes on employer responsibilities like payroll, benefits administration, and compliance requirements, allowing the client company to focus on core business operations while gaining access to expanded benefits and HR support. However, the client company remains in control and there is typically minimal disruption to employees.
1. What is a PEO
WorkFor can work with your company to provide comprehensive and affordable payroll, benefits and
human resource services through a business-to-business relationship called “co-employment.”
What is co-employment?
Through the co-employment relationship, a PEO takes on many of your employee-related employer
responsibilities, while you continue to manage and run your business. Here’s what that actually means for
your business:
Your role
Your company remains the primary employer. You’ll still maintain control over managing your employees’
daily to-dos and core job functions as well as maintaining your organizational structure.
The PEO’s role
As the co-employer, the PEO takes on certain, specific employer obligations, as set forth in your service
agreement. This allows the PEO to handle functions such as payroll, benefits, tax remittance and related
government filings. Because it acts as an employer for those purposes, the PEO can assume a greater amount
of responsibility than, for example, a payroll company.
Employee benefits
Typically, with PEO-sponsored benefit plans; your employees will have access to a wider variety of benefits
than your company could obtain on its own. This includes medical health care coverage, retirement plan, life
insurance and personal accident insurance, short-term and long-term disability insurance, adoption
assistance, commuter benefits and educational assistance.
Payroll processing
The PEO becomes your payroll service provider, managing the regular compensation of your employees,
along with payroll record maintenance and management, payroll compliance, payroll management reports,
garnishment and deduction administration and PTO accruals.
HR administration
Supporting your internal HR team, a PEO helps you manage your liabilities as an employer, providing
employee handbooks, new hire on-boarding, termination assistance, leave of absence request management,
employee relations support, substance abuse prevention services, liability management training, employment
verification, and more.
2. Recruiting support
A PEO can help you design the ideal recruitment process that fits your unique business. It may also work
with you to develop job descriptions, conduct wage and salary surveys, and improve your hiring
managers’interview and candidate selection skills.
Strategic HR support and planning
A PEO can help you develop a strategic HR plan that allows you to make HR management decisions now
that will support the future direction and growth of your organization.
A PEO does NOT
Control your business
PEOs provide access to seasoned HR professionals whose guidance and advice you can solicit when you
need assistance. They help manage your company’s employee-related administration and risks, but you
maintain control of business and operational decisions.
Replace your internal HR staff
PEOs align with your company’s existing HR department or staff to provide complimentary expertise, such
as support in administering workplace policies and making shifts in company culture. A good PEO will
employ seasoned HR staff who is certified HR professionals who have experience with various industries.
And as a PEO client, their expertise is at your disposal. This can prove invaluable when you’re faced with
complicated HR situations or workplace improvement initiatives, such as increasing employee engagement,
addressing conflict effectively or developing compensation programs that connect to business goals.
Cause disruption to your workplace
There is minimal, if any, disruption to employees when you work with a PEO. They will see the PEO’s
name on their pay check and other documents, but will likely appreciate the greater depth and breadth of
benefits offered as a result. In addition, some PEOs offer online self-service options that allow employees to
access and manage their personal, benefits and pay-check information whenever they want.
Contact-us.
http://www.work-for.com/
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