How Professional Employer Organizations can Affect Your Business
Outsourcing your human resources to a Professional Employer Organization (PEO) is a popular way for small and mid-sized businesses to manage the risks associated with human resources, benefits, and safety regulations.
PEO Responsibilities
Thousands of businesses across the country have begun a strong trend toward the PEO due to its single-source convenience and expertise in assisting with certain HR related items, employee benefits, payroll, and workers' compensation.
A PEO provides the services and support needed to:
- access broad benefit options;
- take care of benefits administration and compliance;
- establish support systems without having to invest in technology;
- assist with the employee lifecycle, from hiring and onboarding, to training, employee retention, and separation procedures.
The PEO model has also proven to be a cost-effective way for small businesses to offer competitive employee benefits.
Your Responsibilities
You're still the boss in charge of the day-to-day operations of your business. Your employees report to you as normal. Essentially, with a PEO you get to focus on running your business instead of dealing with all the hassles regarding certain human resource related functions.
On-Site Support
Paychex HR Solutions PEO* offers an on-site HR representative, an experienced professional who will periodically come to your place of business to work with you, your managers, and your employees as a member of your team.
Your on-site HR representative can provide you assistance with various aspects of the employment cycle, from hiring and managing employees to employee termination, administering employee benefits orientation, training, and annual enrollments.
Administrative Services Organization (ASO)
An ASO provides similar HR services and support to your business. Learn about ASO.
* For clients with 10 or more employees.
Professional employer organization (PEO) services are sold and provided by Paychex Business Solutions, Inc. (PBS) and its affiliates, which are registered and licensed as required to sell and provide PEO services, including in Florida. PBS FL license numbers are GL7, GM46, and GM14.
