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A High-Level Look at PEO Services

Professional employer organizations (PEOs) offer companies of any size the ability to outsource certain administrative or back-office duties in order to focus more on revenue-generating activities. More than 175,000 businesses across the United States look to PEOs to assist in their outsourced HR and benefits needs! Here are some details around the most common solutions available through a PEO.

 

Pay or Be Paid: Payroll Services
The payroll services offered by PEOs include all of the bells and whistles like new hire paperwork, preparing and filing payroll taxes, and issuing W-2s.

 

All About People: HR or Human Resource Management
Human resource automation assists the business in managing their employees through an unbiased look at the company’s technological landscape in terms of employees and benefits value. In an effort to both retain top talent and increase productivity, businesses rely on PEOs to manage personnel files and the HR database, unemployment claims, and other administrative services to help the business stay competitive in the industry.

 

The Art of Attracting and Retaining Talent: Employee Benefits
A competitive, employee-first benefits program is a vital element in not only attracting but also retaining top talent and quality employees. With this, however, making benefits decisions for an entire employee base for the whole year can be overwhelming. Find confidence in knowing employees will receive access to affordable healthcare, vision, and dental services from providers with nationwide coverage. Additional coverage includes 401(k), gap insurance, telemedicine, and critical illness, among others.

 

Managing Injuries: Risk Management and Workers’ Compensation
With Vensure, risk management and workers’ compensation outsourcing means allowing us to provide and administer your workers’ compensation insurance, assist with maintaining a safe work environment through our loss control services and manage claims by getting your employees well and back to work as soon as possible. This would also include on-site guidance with safety and OSHA compliance training.

 

All of the acronyms and abbreviations used when working with a third-party to outsource administration services can be overwhelming. When it comes down to the basics, businesses need a partner in administration services to maintain and improve employee morale and minimize threats to the business. With all these services offered in one place, what else are you waiting for? Get started today!

 

 

https://www.napeo.org/what-is-a-peo/about-the-peo-industry/industry-statistics

 

 

PEO FAQs

Partnering with a PEO provides an array of benefits for any employer. For example, the time the employer is able to focus on the key business elements to support the business’s growth and profitability is a direct result of quality PEO services. While not all PEOs are created equal, Vensure Employer Services will always do the heavy lifting. Contact Vensure today!

 

PEO Basics: What is a PEO?

Companies, regardless of what stage of business they are in, may experience difficulty meeting their human resources needs. This is especially common for organizations who are in the growing stage of the business lifecycle—a crucial time where increasing profits is front-of-mind. Companies in this stage will typically engage in a partnership with a professional employer organization (PEO) to assist the business with HR-related responsibilities, including workers’ compensation, employee benefits administration, and payroll, just to name a few.

 

Partnering with a PEO provides support with compliance matters, as well as access to a team of subject matter experts. The business is then able to reduce unnecessary stress while steadily increasing productivity. The PEO assigns a focused team from each department (e.g. payroll, HR, employee benefits, risk management, etc.) to the day-to-day administration. This frees up the business owners and employees to focus on the tasks and duties that are necessary to keep the business running.

 

Benefits of partnering with a PEO include:

  • Employers have a resource to assist in handling the many legal intricacies regarding HR administration.
  • Businesses gain access to top industry-leading technologies without affecting their bottom line.
  • The PEO can assist with ensuring client knowledge around relevant local, state, and federal laws pertaining to PEO-related administration and services.
  • Businesses that rely on their PEO for payroll will see a decrease in payroll processing-related accounting costs.

 

 

PEOs like Vensure Employer Services offer a multitude of solutions designed to meet the needs of any growing business, regardless of size. Let Vensure help get you back to focusing on growth and revenue, rather than COBRA compliance or employee taxes. We’ll take it from here.