Frequently Asked Questions
A PEO, or professional employer organization, provides businesses with many services including (but not limited too): low-cost workers’ compensation insurance, payroll processing, human resources management, tax/business law management, Group Health Benefits, and safety program management. Our information page provides more detailed explanations of PEO services or you can contact the PEO Link, Inc. today to find out more about how a PEO can provide you with a great business advantage!
A PEO Broker works for and represents you. The PEO Link will go to market, obtain and negotiate bids on your behalf. This saves a ton of time and headache for the business. We take a consultative approach to providing multiple bids. We have over 75 PEO agreements in place that allows you to always find the best combination of price and the highest service.
Using economies-of-scale, PEO’s shop insurance markets and purchase products like workers’ compensation at greatly reduced prices. They pass these savings to the companies they service, providing your business with great protection at an extremely affordable price. In addition, PEO’s can accomplish traditional in-house business functions like payroll generation and human resources management in a more affordable and efficient manner. Talk to one of our brokers to find out more about how a PEO service can benefit your company!
At present, as many as 700 PEOs are operating in the United States. These companies specialize in servicing a wide variety of clients. As representatives to several national PEO services, The PEO Link, Inc. can match your company with a specialized PEO provider, streamline your business functions, and lower your employment costs!
First and foremost, a PEO will benefit your company by lowering your employment costs and providing important protection through workers’ compensation insurance. Additionally, a PEO can help with employee retention by providing a quality and affordable benefits package to your employees. Finally, the PEO will improve the overall viability of the company by ensuring compliance with national, state, and local employment law while providing training and safety services to protect you and your employees.
A PEO provides employers and employees with greatly expanded benefits packages that include things like 401(k) plans, health and dental insurance, life and disability insurance, job training, safety services, employee manuals, flexible spending plans and more. In addition, employers and employees receive protection through affordable workers’ compensation packages.
When a PEO enters into a co-employment relationship with an employer, it allows the PEO to represent the employer’s employees, along with thousands of other employees, when shopping insurance and benefits markets. In turn, this large number of represented employees allows the PEO to achieve far better rates on workers’ compensation insurance, health insurance, etc., than any individual employer shopping the market alone. PEO’s call this concept, economies-of-scale.
In the PEO relationship, who is responsible for employees’ wages and employment taxes?
PEO’s handle all responsibility or liability for payment of wages and compliance on rules and regulations governing the reporting and payment of federal and state taxes on wages paid to employees. PEO’s handle all reporting and handling of FICA and FUTA.
In the PEO relationship, who is responsible for state unemployment taxes?
As the employer of record for tax purposes, PEO’s handle all reporting and liability for state unemployment taxes in a PEO co-employment relationship.
In the PEO relationship, who is responsible for employment laws and regulations?
In the PEO co-employment relationship, both the PEO and employer bear responsibility for the employment law and regulations; however, the PEO uses a staff of professionals to aid the employer with compliance issues for every situation.
NAPEO, or the National Association of Professional Employer Organizations, estimates that as many as 2 to 3 million Americans enjoy the benefits of a PEO co-employment relationship. Find out how your employees can benefit from PEO service, contact us today!
Staff leasing agency or temporary work hire firms traditionally supply labor to job sites on a temporary basis, often technical, mechanical, construction, or low-level office staff in orientation. The PEO co-employment relationship is permanent in nature. Your employees remain exclusive to your company, no temporary arrangement exists. You make the decisions for your workforce.
Short answer, yes. PEOs operate, and are recognized in all 50 states, and have become an important, and advantageous method for employers to gave a tactical business advantage! Contact the PEO Link, Inc. today for more information about how a PEO can help your business excel!