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6 Frequently Asked Questions About PEO Firms

6 Frequently Asked Questions About PEO Firms

<p style&equals;"text-align&colon; justify&semi;">Getting an edge on your competition can boost your business profits and expand your organization quickly&period; Many growing companies find themselves bogged down with day to day tasks related to human resources activities&period; Whether employees are worried about payroll or doling out worker’s compensation using your workforce to handle such tasks can create a drag on your business&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">PEOs can help your company by lightening the human resources-related workload experienced by your business&period; By freeing your workforce from these tasks you can grow your bottom line quickly&period;<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;">What Is a PEO Firm&quest;<&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">PEO firms are professional employer organization firms which help customers outsource worker’s compensation&comma; payroll&comma;  employee benefits management and management of human resources&period; A PEO client can focus on business-growing tasks to expand their organization&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><img class&equals;"aligncenter size-Correct-Size wp-image-10769" alt&equals;"6 Frequently Asked Questions About PEO Firms" src&equals;"https&colon;&sol;&sol;medusamagazine&period;com&sol;wp-content&sol;uploads&sol;2014&sol;02&sol;6-Frequently-Asked-Questions-About-PEO-Firms-640x478&period;jpg" width&equals;"640" height&equals;"478" &sol;><&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;">Why Would Companies Use a PEO&quest;<&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Since most businesses are less concerned with the business of employment and more focused on growing their bottom line any company which desires to delegate human resources-related tasks should consider using a professional employer organization&period; Using a PEO can help your organization devote its resources toward creating value for your customers and developing stronger relationships with your clients&period; Outsourcing is the name of the game for both growing and established businesses&period; Go the PEO route to focus your workforce on expanding your business&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Freeing up your employees to concentrate on business-growing tasks makes your organization both lean and mean&period; Streamline your company&period; Use the professional services of a PEO&period;<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;">How Does a PEO Service Clients&quest;<&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">A PEO develops a relationship with both their client company and worksite employees&period; PEOs work to co-employ worksite employees of their clients&period; The client company manages product production and development&comma; service&comma; sales&comma; marketing and business operation&period; PEOs maintain responsibility for employee and payroll tax compliance&comma; human resource management and risk management&period; The PEO usually provides a full benefit and human resource package for employees&period;<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;">Who Would Use a PEO&quest;<&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">If your business employs 19 worksite employees you run the average-sized business which works with PEOs&period; PEOs can also service organizations with 500 or more employees&period; Any company which needs expertise in human resource management and robust web-based HR technologies should consider working with a PEO&period;<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;">Do Business Owners Maintain Control over Their Businesses&quest;<&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Business owners maintain control over their operations and also retains ownership of their companies&period; PEOs simply allocate employer liabilities and responsibilities&period;  PEOs can also improve compliance and safety&period; Think of PEOs as a form of outsourcing for your organization&period; Owners still control over day to day operations whether or not an outsourced partner works with a company&period;<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;"> How Do Temp Services Differ from PEOs&quest;<&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">A temporary staffing service hires and recruits employees similar to employee leasing&period; Temp agencies assign temporary staff to clients who might need to fill special needs&period; If full time employees fall ill or need to take medical leave or if some large scale project requires extra help a temporary staffing agency can supplement a client’s workforce with temp workers&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Professional employer organizations never supply workers to worksites&period; PEOs co-employ permanent workforces and offer services and benefits to both worksite employees and clients&period;<&sol;p>&NewLine;

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