What is a Professional Employer Organization (PEO)?
Just like your business was established to build a specific product or provide a specific service, a Professional Employer Organization (PEO) is a business established specifically to employ people. And just like you employ people skilled in building your products or providing your services, PEOs have highly qualified personnel that specialize in nothing but the ever growing and changing rules and regulations associated with employing people.
Why Should You Use A PEO?
If you have your own workers compensation policy and have had a frequency of claims or some severe claims, you have seen your experience modification sky rocket from 1.00 times the State rate to 2.00 or 3.00 times the State rate, and that makes you uncompetitive in the market place.
This rating system is not really fair. For example, some of your employees can be involved in vehicle accidents, none of which was their fault, and all of their injuries will become worker’s compensation claims under your policy, even though your workers compensation insurance provider used a process called “subrogation” to get fully reimbursed from the “at fault” drivers vehicle insurance policy. The frequency of those claims are held against you, and if the dollar amount of your claims exceed your premium for that year, you may encounter an experience modification problem that will last for several years.
One way to avoid this unfair treatment is to use the services of a Professional Employer Organization (PEO), which is also called an Employee Leasing Company.
Most PEO’s have an experience modification of 1.00 times the State WC rate, and often it is much less than that. When you buy your workers compensation coverage through a PEO, they will carefully re-evaluate your actual claim frequency, severity, and injury details during the last 5 years and adjust your future workers compensation costs accordingly.
Let me give you a proposal to show you just how much this can save you. Just fill out my request form, and I will get it right to you.
PEO Services Summary
Payroll check processing including direct deposits
Federal withholding tax deposits
State unemployment tax deposits
941 and 940 filings
State unemployment tax return filing
W-2 and W-3 filing and distribution
Child support garnishments
Customized payroll reports
Job costing reports
Certified payroll reports
Eliminate IRS payroll tax audits
Employee document maintenance and storage
Elimination of workers’ compensation premium deposits
Elimination of workers’ compensation premium audits
Workers’ Compensation claim management and administration
Aggressive fraudulent claim defenses
Safety manual development
Safety training services
Drug free workplace development and administration
OSHA record keeping assistance
Return to work program development and coordination
Human Resources Services
SUTA claims, hearings and appeals administration
Provide Federal and State labor postings
Employee handbook development
Employee job description development assistance
Assist in managing and resolving employee conflicts
Assist with employee performance reviews
Assist with employee termination issues
Wage and hour claims assistance
ADA compliance assistance
PRWORA compliance assistance
FMLA compliance assistance
Employee Benefit Services
Administration of employee benefit plans
Administration of Section 125 Plans
Employee benefit plan enrollment
Address employee benefit inquires, claims, and questions