Benefits of Using a PEO Company
The benefits of using a PEO company are numerous, both for your company and your employees. The following is a list of the benefits of using a PEO company.
PEO Benefits for the business:
- Refocuses energy on revenue-generating tasks (sales, marketing, etc.)
- Controls costs
- Saves time and paperwork hassles
- Provides professional compliance (e.g. payroll, IRCA, EEOC)
- Reduces turnover and attracts better employees
- Claims management (e.g., workers’ compensation, unemployment insurance)
- Provides better benefits package(s)
- Provides professional human resources services (e.g., employee handbooks, forms, policies and procedures)
- Reduces accounting costs
- Reduces some employer liabilities
PEO Benefits for the employee:
- Comprehensive benefits (that were unavailable without a PEO company)
- Better employer/employee communication
- Payroll is on-time and accurate
- Professional assistance with employment-related problems
- Professional orientation with an employee handbook
- Extends statutory protection to more employees
- Up-to-date information on labor regulations and workers’ rights, worksite safety
- Efficient and responsive claims processing
- Online Access to Personal Data
