PEO stands for Professional Employer Organization.
How a PEO Company Works for You
CBR has adopted the co-employment phraseology for PEO to define the relationship between you and us.
Basically, this means that we act as an “Administrative Employer” while you act as the “Managing Employer”, both of which are equally important yet exclusive responsibilities. Since some tasks just can’t be outsourced, you will need to continue directing and controlling your workforce hours, pay rates, and employee benefits. However, as your PEO company, CBR will conduct the administrative tasks (which, let’s face it, can be a huge chore) necessary to carry out the HR functions and keep you in compliance with benefit vendors, government agencies, the Industrial Commission, and all other employee-related entities.
Want more on Co-Employment? Read our section called What is Co-Employment?
Still wondering if it’s for you? Read about the Benefits of Using a PEO Company
Are you wearing more HR hats than you think? See the Real Definition of HR
A PEO Company Keeps You Focused on Growing Your Business
A PEO company focuses on one thing…keeping you focused on growing your business. The PEO company model is the tool used to accomplish the greater goal of reducing your administrative headaches and cost, allowing you to spend your time doing what you should be doing…growing your business and enjoying the benefits of ownership.
FACT: The U.S. Department of Labor estimates that “by the year 2020, about 50% of the American workforce will be employed through an HR Outsourcing Company [PEO Company]”