| As a business grows, its owners get excited and | | | | The employees are then leased out from the PEO |
| caught up in the moment. And, why shouldn't they? | | | | back to the original company under a shared |
| Seeing a dream blossom and grow is a great | | | | employment contractual agreement relationship. This |
| experience. However, during this time a lot of business | | | | relationship is considered employee leasing. In this |
| owners fail to realize the responsibilities that come with | | | | agreement the PEO assumes responsibility for human |
| employing more than just themselves. The average | | | | resources, payroll obligations, workers' compensation, |
| small business owner isn't an expert of government | | | | and filing taxing. Health, welfare, and retirements |
| regulations on payroll tax, labor laws, and workers' | | | | benefits can also be handled by a PEO if you choose. |
| comp, to just name a few human resource issues. | | | | Because of the cost of running a small to medium |
| Fortunately Human Resource Outsourcing is a solution | | | | sized business, in most cases getting into a relationship |
| that will solve your company's compliance needs, but | | | | with a PEO is the only way to offer benefits to |
| also can provide assistance specific to your company. | | | | employees. Hiring a PEO would be a great solution for |
| One solution for a small to medium sized business is to | | | | a small business who is growing and wants to offer |
| hire a PEO, (Professional Employer Organization). They | | | | benefits to their employees. |
| offer Human Resource solutions designed with the | | | | Bottom line; PEOs can help small and medium sized |
| small and medium sized business in mind, which will help | | | | companies enjoy the same HR benefits as large |
| keep your costs down. For an annual fee a PEO will | | | | companies. A PEO costs less than hiring an internal HR |
| take care of everything such as; payroll, compliance | | | | employee and they will handle the critical paperwork, |
| with state and federal laws, vacation packages, health | | | | negotiating great rates for your employees on health |
| care packages, and workers' compensation insurance. | | | | insurance and more. They will maintain all the critical |
| How it works is a PEO will legally hire a company's | | | | records and provide the forms needed to make sure |
| current employees. This makes the PEO the employer | | | | your company is state and federal compliant with tax |
| of record for taxes and insurance purposes. The | | | | and labor laws. |
| employees of multiple businesses on staff allow the | | | | Getting into business for one's self is a difficult task |
| PEO to be able to negotiate incredible rates on health | | | | even when you're not worried about paperwork and |
| insurance and workers' compensation. This means you, | | | | complex laws. Setting out to hire a PEO to work for |
| the business owner, will save money and your | | | | your company makes sense. Get back to work on |
| employees will pay out less for benefits. | | | | what you do best by hiring a PEO today. |