Imagine a business environment where your time, energy and resources are focused on increasing your company’s bottom line. As a business owner or manager, you are free from the headaches, confusion, and hassles associated with managing payroll, benefits, unemployment insurance and workers’ compensation claims.
You have access to a team of specialists who provide expertise in a number of areas, including human resources, compliance, benefits, and risk management. Your company offers top-notch benefits not available with your competition, so you’re able to attract and retain better employees.
Sound too good to be true? It’s not when you partner with a professional employer organization (PEO).
A PEO is a company that provides integrated business services that more cost effectively manage critical human resource responsibilities and employer risks for its clients. PEOs deliver these services by establishing and maintaining an employment relationship with their clients’ workers by contractually assuming substantial employer rights, responsibilities, and risks.
It is estimated that more than 2 million American workers are currently employed by professional employer organizations. These employees represent every facet of the workforce, from accountants to zookeepers. There is no stereo typical PEO client – professional employers services appeal to companies of all sizes and profiles. According to a 1997 survey conducted by the National Association of Professional Employer Organizations (NAPEO), PEOs retain approximately 90% of their clients from year to year, proving that businesses who use PEO services truly appreciate the benefits of the co-employment relationship.