Does your company have under 100 employees? Do you find it difficult to manage the day-to-day duties of human resources? Are payroll questions mounting? Are you efficient in the selection and hiring of new employees? If you have these questions and more, you are not alone. Recent changes in government regulations, tax codes and newly enacted laws make it increasingly challenging to maintain a legal and efficient human resource management program. Software costs, employee costs and simple overhead can hurt your bottom line. What’s more, fines can be excessive for companies who simply cannot keep up with ever-changing landscape in today’s world.
PEO stands for Professional Employer Organization and simply means that members are part of a network of companies who have chosen to outsource their employee management duties. The PEO allows their client members to use state-of-the-art know-how to manage payroll, insurance, workers comp, benefit programs, administrative, staffing and routine human resource functions.
Employees now have confidence that their paychecks are accurate, timely and professional. Their health insurance premiums are competitive and plans are appropriate for their unique lives. They are also able to quickly and easily file workers comp issues and have a help line for any questions they might have.
Simply put, the word “Professional” is just that. A PEO brings a professional approach to your employee relations. And that’s a nice thing to have at the end of the day.