Think of a PEO as a company in itself, focused specifically on small business tasks like health insurance, payroll, ACA compliance, and various ancillary HR services. The partnership of a business and a PEO is called co-employment, which means that the business’s employees also become the PE...
managing, motivating, and termination. The PEO takes on the remaining responsibilities of having employees that usually are out-of-reach for a payroll service or an HR administrator. Working with a PEO is a key step to building an effective and unique...
How a PEO works PEOs operate under a co-employment model. A co-employment arrangement is a contractual relationship in which a company and a PEO share certain employment responsibilities that would otherwise be handled only by the company's internal HR team. When you work with a PEO, you and...
What is a PEO relationship? PEOs serve as the employer of record for a business for tax purposes. This type of relationship also helps employers manage payroll, HR, benefits, workers’ compensation and regulatory compliance so they have more time to pursue other business goals. What is a co-...
PEOs provide a valuable suite of services that take the burden of human resources (HR) management off your hands. Once called employee leasing companies, now PEOs are commonly referred to as co-employers. Legally, your employees become employees of your PEO. However, this relationship is in nam...
business partner, or HRBP, is an HR professional who can handle everything from hiring and benefits to compliance and employee relations. Some employers hire a dedicated HRBP within their HR department for such purposes, while others choose to partner with aprofessional employer organization (PEO)....
Another major drawback of using a PEO is that you lose control of some internal processes. Customer service shortfalls and a lack of personal touch in communication between PEOs and employees are two factors that can lead a company to keep its payroll and HR services in-house. If your firm...
The chief benefit of bringing on a PEO is that it lets leaders focus on growing their businesses instead of spending time on labor-intensive administrative duties. In order to manage these employee-related liabilities and responsibilities on behalf of the business, the PEO must enter into a co-...
PEO's provide various services related to human resources (HR) management, such as payroll processing, benefit management, and regulation compliance. In this article, data from the U.S. Census Bureau is being used to shed some light on PEO's, how they operate, what types of companies ...
Working with a PEO is an excellent approach for small- and medium-sized businesses to provide great benefits to their workers without cluttering their HR departments or in-house HR resources. What are their main duties? PEO services mainly handle these areas: Areas Function Payroll Handle staff...