What Are The Principal Reasons For Using A PEO?
Employers say they use PEOs to: • allow them to devote more time to growing and managing their core business; • obtain access to professional, up-to-date human resources expertise; • ensure compliance with increasingly numerous and complex federal, state and local employment and payroll-tax laws and regulations; • reduce employment-related liabilities; • develop and implement clear, consistent employment policies and procedures; • assist with recruitment and hiring practices and processes; • offer better insurance and retirement benefits to employees, often at less cost; • secure workers compensation insurance and obtain professional risk management services; • improve employee job satisfaction; and • attract and retain the best employees.
