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FREQUENTLY
ASKED QUESTIONS
What is a PEO?
A PEO or Professional Employer Organization means fewer
headaches and more time to devote to your business. It simply means
outsourcing all your human resource needs to a specialist. PEO's are
a cost-effective solution managing the responsibilities and risks
associated with the areas of payroll, taxes, benefits, government
compliance, and numerous other human resource issues facing today's
business owners.
What are the Benefits of
a PEO?
The primary benefit is to free valuable time and energy for you
to focus on increasing revenue and profit. In addition, you will be
able to attract and retain the best employees in your industry by
making available a much broader range of benefits. Finally, you will
have peace of mind in knowing that these critical areas of your
business are being handled efficiently by trusted professionals.
Bottom line: your business will be more productive.
Does the business owner
lose control?
Absolutely not. The owner maintains supervisory control of all
employees and continues to make operating decisions. PaySource takes
care of the human resource functions including payroll, workers'
comp, health benefits and government regulatory issues.
Who uses a PEO?
Any small to medium sized business can find advantages in using
a PEO. Many times there is a direct cost savings. Other times there
is a definite advantage in time savings and reduced liability for
taxes and insurances. Any business owner should at least give it a
look.
What is the future of
PEO's?
American business is undergoing a fundamental change in human
resource management and the PEO industry is one response to market
demands for change. The PEO industry is being driven by business
owners seeking solutions to the increasingly complex and costly
"business of employment". PEO's will continue to be part of a growth
industry for the foreseeable future. |
