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The Professional Employer Organization or (PEO) is a co-employment full-service human resource outsourcing relationship. Companies look to hire a (PEO) if they are looking diversify their HR and Benefits Administration tasks. When engaging a PEO, there are several HR tasks such as payroll, HR administration, group health care benefits which are managed by the Professional Employer Organization or (PEO).
The (PEO) gives your business the ability to grow with knowing that you have an expert third party running areas of the business such as: Payroll, tax filings, benefits, group health insurance, compliance and talent management.
PEOs run payroll for your company. They will pay federal, state, local, social security and employment taxes on your behalf.
When engaging a (PEO) co-employment arrangement, this will offer your company access to HR administration and group health insurance benefits administration for: medical, dental, vision, short-term and long-term disability insurance. You also will have access to retirement benefits as well as part of the co-employment arrangement.
PEOs will guide your company on payroll tax law reporting requirements, unemployment insurance, workers’ compensation requirements, best practices for hiring and all-around HR compliance and benefits administration.
Occupational Safety and Health Administration (OSHA) inspections and other regulatory examinations or rules, PEO’s will guide your firm on best practices.
PEO provide HR professionals to your company which give your HR support for all areas of your business.
PEO typically also provide recruiting and talent acquisition services and support for your company.