On average, small business owners spend 25% of their time on paperwork and
other non-revenue generating tasks. What if you could get that time back to focus on
what matters the most?
PEOs provide HR expertise, processes payroll, administers employee benefits, and
manages insurance programs and more. This makes it possible for PEO clients to
have fewer HR challenges and more time to focus on strategy and business growth.
Using a PEO for HR
Paperwork and policies can be overwhelming. PEOs provide a wealth of resources
including forms, policy outlines, handbooks, performance review guidelines and
guidance on best HR practice. They are available to answer questions and do so
promptly, freeing up more precious time.
Using a PEO for Payroll Processing
When you partner with a PEO they become the employer of record and can process
even the most complex payrolls such as certified, multi-state and payrolls and job
costing. The payroll team provided by a PEO can manage wage garnishments,
withholdings, and tax withholding and filing so all clients have to do is complete the
employee application process and track employee hours.
Using a PEO for Worker’s Compensation
At some point every year, business owners who are not using a PEO endure the
grueling process of completing a worker’s compensation audit, which can take days,
if not weeks to complete. In a PEO partnership, business owners can avoid that
audit, and get that valuable time back. When a claim arises, the PEO takes care of all
of the details in compliance with state rules and regulations. A PEO also prepares
and submits OSHA reports annually on the client’s behalf. They also provide “pay as
you go” premiums which improve cash flow.
A PEO provides resources and support when it comes to injured workers, including
a preferred provider network, case management, and an established return-to-work
program. If the PEO has a safety team, it can save employers time by reducing or
identifying worksite accident causes and helping train employees.
Using a PEO for Employee Benefits
Another way PEOs save business owner’s time is by developing an employee
benefits program and offering a variety of packages. Joining the PEOs master health
plan or adopting other available packages in fast and easy. PEOs can even
administer plans that business owners may already have in place.