What is a PEO?
Exactly What is a PEO?
Professional Employer Organizations (PEOs) enable clients to cost-effectively outsource the management of human resources, employee benefits, payroll and workers' compensation. PEO clients focus on their core competencies to maintain and grow their bottom line.
Businesses today need help managing increasingly complex employee related matters such as health benefits, workers' compensation claims, payroll, payroll tax compliance, and unemployment insurance claims. They contract with a PEO to assume these responsibilities and provide expertise in human resources management. This allows the PEO client to concentrate on the operational and revenue-producing side of its operations.
A PEO provides integrated services to effectively manage critical human resource responsibilities and employer risks for clients. A PEO delivers these services by establishing and maintaining an employer relationship with the employees at the client's worksite and by contractually assuming certain employer rights, responsibilities, and risk.
Businesses across America have discovered the incredible value of PEOs because they provide:
Become an “Employer of Choice"
Effective employee management is one of the biggest challenges owners and managers face in running and growing a business. The tasks of hiring, training, engaging, evaluating and compensating employees are at the heart of all companies, large and small. Successfully managing these tasks is essential to building and keeping an effective team of employees.
Today, largely as a result of the pandemic, employees are wanting more from their jobs and from their employers…and employers are eager to offer more…but only within defined and affordable budgets that do not undermine operating budgets and profits.
It is a truism that when employees feel valued, they have a sense of engagement with each other and with the company. This sense of being valued promotes working toward a common set of goals as a team that will drive your company to meet, and exceed, your goals.
With ProSourceSolutions as your partner, your company can meet the challenge of effectively managing your employees, driving recruitment up and employee turnover down.
As your Co-employer, ProSourceSolutions can help you become the ‘Employer of Choice’ and help you turn your company vision into a reality.