The title may seem to the point, but everyone in the PEO Industry has had someone who is confused by what a Professional Employer Organization is.
Most PEO professionals have gone through the effort of introducing the concept of PEO to a prospective business client, only to have them say; oh, my Insurance person does that for me, or my Accountant handles that for me.
But they don’t, they can’t do what a PEO can do for the business.
Sure a business may outsource one or many of the offerings that a PEO handles for them. Several businesses outsource their Human Resources, Workers Compensation, Benefits, or Payroll. But just because one or more of the core services that a PEO offers is outsourced, a business owner can’t compare outsourcing to the benefits of having a quality PEO to help manage their employment process.
Co-employment makes the difference, in a PEO relationship, the PEO becomes a co-employer with the business and the PEO is the employer of record for tax purposes.
Under the PEO arrangement, the business eliminates several vendors, which are then consolidated through the services the PEO provides. On average, over 12 different vendor relationships can be consolidated through using a PEO, the services may include Human Resources Management, Payroll, Employment Technology, Medical Insurance, Dental Insurance, Life Insurance, Workers Compensation, 401k or other Retirement Programs, Disability Coverage, Employers Liability, Employee Handbooks, Employment Compliance, I-9 Verifications, Unemployment Management, and the list goes on and on.
The only way to find out the true advantages of using a PEO is to engage the services of a PEO. Today is a perfect time to discover the advantages of using a Professional Employer Organization.