What is a PEO? PEO stands for "Professional Employer Organization". A PEO is a business entity that serves small businesses by providing HR Administration. Most small businesses don't have the budget to maintain a full time professional Human Resources team on their payroll. Fortunately difficult issues don't arise everyday. But with our litigious society and the complicated nature of employee administration, employers need help. So, by joining with other small businesses for the HR needs, they can essentially share this resource on an as-needed basis.
What services are included in HR Outsourcing? Payroll and Tax Administration, Safety Services, Benefits Administration and pure Human Resources, (things like handbooks, policies and procedures and training).
BENEFITS ADMINISTRATION includes: Benefit design and enrollment, Major Medical PPO, Dental and Vision, Pre-Tax Section 125 Full-Flex Cafeteria Plans, and 401k Retirement Plans. Benefits Administration also includes, Supplemental Insurance Plans including such as Long-term Disability, Short-term Disability, Life Insurance, Aflac. In addition to the above, the following also fall into Benefits Administration: COBRA and HIPAA Management, Nationwide Toll-Free Support Line for Claims Administration and Employee Questions, Employee Eligibility Tracking, Payroll Deduction for Benefit Programs, and Web-based Access to Providers and Benefits.
Pure HUMAN RESOURCES Services Include: Employee Handbooks, Employee file Maintenance, Employee Related Forms, Web-Access to Forms, Customized Employee Policy Manual with the client's policies and procedures, Criminal Background Checks, Motor Vehicle Record Reports and Credit Checks, Drug Screening and much more.
PAYROLL ADMINISTRATION Services Includes for example: Payroll Processing, Direct Deposit, Tax Deposits and Audits, Certified Payroll , Job Costing , W-2, W3 & 1099 Preparation, Maintain Employee Files, Tax Reports and Employee Deductions and Garnishments.
And SAFETY SERVICES Include: Providing Workers' Compensation Insurance, Investigate Fraudulent Claims, Pay and Report All Premiums, Case Management / Loss Containment, O.S.H.A. Compliance Assistance, Accident Investigation , Substance Abuse Program, Employee Safety Incentive Program, Safety Inspections & Recommendations.
The list of what PEOs can provide to small businesses goes on and on. PEOs can be an extremely valuable resource to small businesses, especially during tough economic times. Get educated about PEOs and benefit.
