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A
Co-Employer of Sorts
In the fast pace of business, we continually look for ways to get
things done more quickly, more efficiently and for less cost. The same
holds true for Human Resource responsibilities.
A PEO does all that and more. A Professional Employer Organization, or
PEO, becomes a co-employer to your employees. A PEO then takes on the
responsibility of handling your employee payroll and employee taxes;
provides your employees with benefits; and assumes the responsibility of
Workers' Compensation, labor law compliance and risk management.
Basically, your PEO gives you the time to do what you really should be
doing — handling the day-to-day tasks of maintaining and growing your
business. And, all for less than it would cost to have the experts on
staff.
The
Direction of Business
Like test driving a new car or changing dry cleaners, businesses like
yours shop for a PEO that meets their individual needs and the needs of
their employees. The PEO industry is growing by more than 35% every
year. Ten years ago, the industry was in its infancy. Today, there are
more than 2,000 PEOs in the United States, co-employing more than two
million workers — from lawn maintenance workers to lawyers. It's the
direction business is taking.
To you, the business owner, the perks of having a PEO are obvious. To
your employees, the benefits of having a co-employer arrangement are
enormous and the transition is little more than a hiccup in their normal
work day. |