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What is a Professional Employer Organization?
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Professional Employer Organizations provide administrative and human resource service to the business community. PEO's become co-employers with the business owner, allowing them to concentrate on the revenue generating side of their business.
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Why should I use a PEO for my business?
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The PEO can be an enormous benefit to the business owner and their employees. The owner can realize cost containment benefits, time management benefits and compliance benefits. The employee can receive training, resources, health and dental benefits along with retirement benefits that might otherwise not become available.
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I only have a few employees. Would it really be worthwhile for me to consider a PEO?
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Yes. A PEO can benefit even business owners with one or two employees. It allows them to offer their employees group benefits that are only available to employees in larger companies.
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Can leasing my employees save me money?
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Yes. Leasing employees can benefit the business owner with cost containment measures that will lead to increased sales and more efficient production.
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Do I have to replace my entire staff to take advantage of employee leasing?
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No. You can keep your present staff in place. You maintain all supervisory, scheduling and performance related control of your employees. The PEO assumes all Human resource responsibilities and assists in adding staff when necessary.
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Why not use a temporary or other ordinary placement agency? What's the difference?
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The PEO offers the business owner a broader menu of services that include but are not limited to:
- Payroll services
- Access to health, dental and retirements benefits
- Benefits coordination, including Workers Compensation
- Government compliance issues: i.e., immigration, safety, labor laws, SCA and prevailing wages.
- Employee training and development
- Developing and implementing policies and procedures for your work place
- Helping employees develop and comply with Quality Control Plans
- Assisting employees in locating family support services such as childcare, elder care, after school programs for youth and counseling services
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What type of businesses can benefit from a PEO (HRO, ASO, Payroll)?
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PEO's are beneficial to ALL types of businesses. Business owners should carefully assess their needs and their desire to reward their employees.
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