Professional Employer Organizations (PEOs) enable clients to cost-effectively outsource the management of Human Resources, employee benefits, workers’ compensation and payroll through employee leasing. PEO clients focus on their core competencies to maintain and grow their bottom line.
Businesses today need help managing increasingly complex employee benefits related matters such as Health Benefits, Workers’ Compensation Claims, Payroll, Payroll Tax Compliance and Unemployment Insurance Claims. They contract with a PEO to assume these responsibilities and provide expertise in Human Resources management. This allows the PEO client to concentrate on the operational and revenue-producing side of its operations, while saving on the funds that would be required to manage necessary human resources roles. PEO clients save money on human resources related expenses while still being capable of offering more complicated human resources products to their employees.
Employee leasing through a PEO provides integrated services to effectively manage critical Human Resource responsibilities and employer risks for clients. A PEO delivers these services by establishing and maintaining an employer relationship with the employees and by contractually assuming certain employer rights, responsibilities and risk.