What is a PEO?
A Professional Employer Organization (PEO) provides a consolidated service that integrates multiple functions of employment obligations. A PEO can provide payroll services, workers compensation insurance, employee benefits, retirement accounts, Human Resource assistance and more. By consolidating these services a PEO client benefits by having one point of contact for essential employment related administration.
Professional employer organizations (PEO’s) 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. Who uses a PEO? Any business can find value in a PEO relationship. An average client of a NAPEO member company is a business with 16 work site employees. Increasingly, larger businesses also are finding value in a PEO arrangement, because PEO’s offer robust Web-based HR technologies and expertise in HR management. PEO’s can partner with companies that have 500 or more employees and work in conjunction with their existing human resources department. PEO clients include many different types of businesses ranging from accounting firms to high-tech companies and small manufacturers. Many different types of professionals, including doctors, retailers, mechanics, engineers and plumbers, also benefit from PEO services.
A Professional Employer Organization (PEO) provides integrated services that more cost effectively manage critical human resource responsibilities and employer risks for clients. Businesses contract with a PEO to assume the management of increasingly complex employee related matters such as personnel management, health benefits, workers’ compensation claims, payroll, payroll tax compliance, and unemployment insurance claims. Businesses also contract with a PEO to assume their HR responsibilities, which then allows them to focus on their core competencies.
A Professional Employer Organization (PEO) provides administration services as they relate to an employer’s responsibilities regarding its employees. PEO’s handle: • Payroll • Taxes • Workers’ compensation insurance • Employee benefits management • All aspects of human resources Why outsource? Outsourcing to a PEO provides a variety of benefits, from cost savings to access to specialized expertise on taxes, payroll, workers’ compensation and more. Outsourcing can enable you to focus on your business and free up your time and resources. We do what we do best. You do what you do best. It’s partnership at its finest. What is co-employment? Co-employment is a relationship between AmCheck and a client, in which AmCheck is responsible for handling the requirements of the IRS, Social Security, Unemployment, and more. AmCheck becomes the employer of record as it relates to W-2’s, issuing payroll checks, and working with compliance and regulatory matters.
