Unlike the types of HR outsourcing companies that provide only one or two specific services, a professional employer organization (PEO) can handle much of your business’s administrative HR tasks.
In fact, partnering with a PEO can provide a wide range of benefits and resources. Here are some examples.
Employee Access to Comprehensive, Cost-Effective Benefits
Your employees want a variety of comprehensive benefit plans, and a PEO can deliver access to:
- Health-care coverage: medical, dental and vision
- Health-care flexible spending account (FSA) plan
- Life insurance and personal accident insurance
- Short-term and long-term disability insurance
- Adoption and educational assistance
- Commuter benefits
Bonus: The responsibility for keeping the PEO benefit plans in compliance with applicable laws (e.g., ACA, COBRA, HIPAA and ERISA) falls on the PEO, relieving you of this burden.
Payroll and Admin Support
With a PEO, you can benefit from payroll-related tools that can help your industry, such as time tracking technology that’s designed to accommodate multiple-shift operations.
You’ll also receive:
- Payroll processing (as reported by the client)
- Payroll tax reporting and deposits
- Paycheck/paystub preparation and delivery with online access
- Administration, withholding and remittance of garnishments
HR-Related Compliance Support
A PEO should be able to:
- Provide resources to support your FLSA, state, and local wage and hour compliance
- Administer unemployment claims
- Respond to employment verifications
Employer Liability Management
PEOs will assist you with a variety of HR tasks, including:
- Employee handbooks
- Workers’ compensation claims support
- Interface with certain agencies
Access to Experienced HR Professionals
PEOs employ knowledgeable professionals who specialize in HR and can consult with you to handle issues in a timely and thorough manner, including:
- Employee relations support
- Harassment and discrimination training
- HR-related claim investigation and mediation assistance
Comprehensive Loss Prevention and Program Development Assistance
Help minimize the risk of occupational injuries on your worksites. A good PEO can provide guidance from field safety consultants, experienced professionals who offer practical solutions to your safety and risk management problems, including:
- Safety program review
- Safety program templates
- Loss prevention programs
- Access to safety training and tools
Support for Attracting and Retaining Talent
From enhancing your current hiring strategies to developing rewarding career paths for your employees, a PEO can help you foster a high-performing culture. They can help you become an employer of choice by aiding with:
- Job description development
- Wage and salary surveys
- Employee upskilling and reskilling training and development
- Professional development units (PDUs)
- Employee access to competitive benefits
About Insperity
If you would like to explore how a PEO can benefit your business, Insperity is ready to help. Insperity, which was established in 1986, is a publicly traded company with $6.5 billion in revenue. It is also a certified PEO.
For more information, contact Dan Jorstad, Business Performance Advisor for Insperity at Dan.Jorstad@insperity.com.
This article was adapted from “A Step-by-Step Guide to HR Outsourcing for Manufacturing,” an e-book series produced by Insperity.
Photo credit: Awesome Content/PIKWIZARD
This content is sponsored by Insperity.