What is a PEO?
What Can it Do and What are the Benefits of Partnering with a PEO?
Our PEO Definition
A professional employer organization (PEO), like VensureHR provides a variety of services including human resources administration, payroll processing, benefits, risk management, and workers’ compensation (regulatory compliance assistance) to businesses of any size.
A PEO is more than your partner in outsourcing back-office administration. In fact, partnering with a PEO frees up business leaders to focus on productivity, growth, and revenue. Vensure’s PEO’s experts and industry-leading technology platforms help employers manage employee taxes, COBRA compliance, and researching competitive health and dental benefits, greatly reducing your risk of compliance infractions and fines.
How Do You Define PEO Relationships?
A client and the PEO enter into a relationship where the PEO provides consistent administration for a company of any size. Essential administration business tasks are streamlined, while risk and business threats are minimized. Consider the PEO partnership your launch pad for accelerating the success of your business, but the PEO does all the heavy lifting.
PEO and Client Partnership Responsibilities
Manages workers’ compensation and unemployment claims.
Handless administrative HR and back-office functions.
Oversees payroll administration including payroll, taxes, quarterly reports, claims management and benefit procurement.
Researches and provides access to cost-effective, competitive benefit plans which can include health, dental, vision, long and short term disability, life insurance, 401(k), and COBRA.
Develops policies and procedures and provides consultation around the Family Medical Leave Act (FMLA), discrimination and termination procedures.
Remains responsible for directing and controlling the daily activities.
Continues their responsibility in ensuring a safe work environment.
Tracks actual hours worked and reports those hours to the PEO for processing.
Provides the payroll funds to the PEO to keep employees paid.
How Does a PEO Benefit a Client’s Business?
A PEO helps save an organization time and money.
A PEO frees up business leadership to focus on growing the company, improving employee morale, and gaining market share.
A PEO can make new competitive benefits available aiding recruitment and retention of top talent.
A PEO can help businesses protect against risk by eliminating compliance pitfalls.
The Evolution of PEOs at VensureHR
VensureHR offers all of these services in a flexible, customized bundle designed to be cost-effective and help reach your business goals. What is a PEO? A PEO is the set of services you need to offload the non-revenue generating responsibilities that are eating up your time and energy so you can focus your expertise and passion where it is needed most: on growing the business.
With offices across the U.S., VensureHR’s professional, seasoned experts have been helping business leaders with HR and back-office administrative needs for the last three decades.