There are many reasons to utilize a PEO to handle your payroll and HR functions with your organization. Could be to offset the risk and liabilities when retaining employees. Could be to lower overall costs from workers’ compensation or health insurance. Or it could simply be for peace of mind – knowing you will not have any major issues to deal with.
Every business has its’ own situations and reasons. This is where SourceOne’s experience and knowledge would be of great help to you – the business owner. We know the PEO business and are able to help our clients in making educated decisions. To start we suggest you go through the links below to get a better understanding of what a PEO is, why to use a PEO, and how to go about selecting one properly.
What is a PEO?
Professional employer organizations (PEOs) enable clients to outsource the management of payroll administration, human resources, employee benefits and workers’ compensation cost-effectively. Utilizing a PEO makes it possible for business owners to concentrate on their core competencies to maintain and grow their bottom line.
Why use a PEO?
Many businesses don’t have the internal operations and expertise to handle regulatory compliance, risk management, payroll administration, employee benefits administration and other employment related activities. Utilizing a PEO truly allows you to concentrate on growing your business – not running it.
Selecting a PEO
Partnering with the right PEO is a very important decision. However, it is easier said than done. This is where SourceOne’s expertise comes in. We have a long history of working for and with PEO’s throughout the country. We eliminate this tedious and timely process of interviewing and learning about each PEO.