The Power Of A PEO: Services That Can Benefit Your Business

A professional employer organization (PEO) is a company that provides comprehensive human resource (HR) services to small and medium-sized businesses. By partnering with a PEO, businesses can outsource their HR functions, allowing them to focus on core business activities. Here are some services that a PEO can offer.

HR Management

PEOs can provide businesses with a range of HR services, including recruitment, hiring, onboarding, and employee relations. PEOs can also assist with compliance and regulatory issues, such as employee benefits and tax filings. 

By outsourcing HR functions to a PEO, businesses can save time and resources, while ensuring that they comply with relevant laws and regulations.

Payroll Services

Payroll is a critical function of any business, and PEOs can provide businesses with comprehensive payroll services, including payroll processing, tax withholding and reporting, and direct deposit. 

PEOs can also help businesses manage employee records and provide employees with access to online portals, allowing them to view their pay stubs and benefits information.

Payroll processing involves calculating employee wages, withholding taxes, and other deductions, and issuing paychecks or direct deposits. PEOs can use advanced payroll software to ensure accuracy and efficiency, while also ensuring compliance with federal, state, and local tax regulations.

Benefits Administration

PEOs can provide businesses with access to a range of employee benefits, such as health insurance, retirement plans, and employee assistance programs. PEOs can help businesses find the right benefits packages for their employees, while also managing the enrollment process and ongoing administration. 

When assigning benefits administration to a PEO, businesses can save time and resources, while also offering their employees valuable benefits.

Risk Management

PEOs can help businesses manage their risk by providing access to workers' compensation insurance and other liability coverage. PEOs can also assist with workplace safety programs and compliance with regulatory requirements. 

By partnering with a PEO, businesses can reduce their risk of accidents or lawsuits, while also ensuring that they are in compliance with relevant laws and regulations.

Employee Training and Development

In addition to HR management, payroll services, benefits administration, risk management, and other services, PEOs can also provide businesses with employee training and development services. These services can include leadership training, compliance training, and skills development.

Leadership training can help businesses develop their employees' leadership skills, which can lead to improved performance and productivity. PEOs can provide businesses with access to online training programs, workshops, and coaching sessions, designed to help employees develop their leadership skills.