Imagine spending each working day doing what you love to do and making money for your business while you do it. An Employee Leasing Company, a.k.a. Professional Employer Organization (PEO) allows you to do just that, by taking away the areas of your business that waste time and don’t produce revenue. Outsourcing the administrative headaches of employee payroll, workers’ compensation insurance, employee benefits management and a slew of governmental compliance issues with a PEO, will drive down your costs and give you more time for profit producing tasks.
Hiring a PEO tightens and streamlines the administrative portion of your business. Employee Leasing Quotes.com makes it simple for you to see the savings potential with easy to understand proposals from competing providers - that can deliver the services you need. Get PEO quotes!
What services are provided through an employee leasing company?
What is an employee leasing quote based on?
How can I receive employee leasing quotes?
How do we receive employee payroll checks from the employee leasing service?
How do I get the payroll information to the employee leasing company?
How quickly can I expect to receive payroll from the employee leasing service?
Whose bank account is the employee payroll drawn from?
How does the employee leasing company receive payment for the payroll?
What do I receive with my payroll?
Are there advantages for my business in regards to workers’ compensation insurance?
What are the benefits of a pay-as-you-go general liability policy?
How does human resource outsourcing benefit me?
Why does the employee leasing concept work?
We have a unique payroll system, can the employee leasing company adapt?
Who is responsible for the employees' wages and employment taxes?
How are Employee Leasing companies and PEOs recognized at the state and Federal levels?
Who is responsible for state unemployment taxes?
What are the differences between Employee Leasing and a Professional Employer Organization?
How many Americans are employed in a co-employment PEO arrangement?
What services are provided through an employee leasing company?
Complete payroll management, workers’ compensation insurance, a large variety of employee benefit options and professional human resource management serve as the core services provided by an employee leasing company also known as a Professional Employer Organization or PEO.
What is an employee leasing quote based on?
An employee leasing proposal is based on the five employee-related cost factors you currently have- nothing more, nothing less. They include:
FICA – Employee matching Social Security and Medicare
FUTA – Federal Unemployment Tax
SUTA – State Unemployment Tax
WORK COMP – Workers’ Compensation rates vary by job duties (ex: painting, sales, clerical) with each business.
ADMINISTRATION – All of the internal employee personnel work involved in running your business. These services include complete employee payroll administration, professional human resource services, workers’ compensation and benefit claims management.
Regardless of the method used, these are the five cost factors that every employer has.
How can I receive employee leasing quotes?
For a quick employee leasing proposal, simply fill out the form on our “receive a quote” page. If we need more information based on your request, we’ll call or email you with those questions. If we’re able to move forward immediately with a PEO proposal, you can expect to receive proposal(s) within a day or two.
How do we receive employee payroll checks from the employee leasing service?
You have options for receiving employee payroll. Most PEO companies offer free direct deposit for payroll processing. Many offer remote online payroll printing, so that you can print checks right at your office. A majority of owners choose to have their business payroll sent by courier, where each paycheck is secured in individual envelopes.
How do I get the payroll information to the employee leasing company?
Payroll outsourcing is easy and can be done in a variety of ways, depending on which is most convenient to you. Options include online payroll reporting (through a secured network), faxing or calling in your employee payroll.
How quickly can I expect to receive payroll from the employee leasing service?
If you choose remote printing, employee payroll can be done almost immediately. Otherwise, many PEO organizations offer a 24 hour turnaround courier service (FedEx) if payroll is reported by noon, the day before payday. You determine your payroll processing and delivery dates.
Whose bank account is the employee payroll drawn from?
Depending on the employee leasing provider, payroll checks can be drawn off the employee leasing company’s account or the employers. In most cases, the employee payroll is drawn off the employee leasing company’s account. This benefit here is less administrative work by writing one check to cover everything (payroll checks, employer related taxes, workers’ comp insurance and administrative fees) avoiding check reconciliation.
However, some employers prefer some extra “float”, by just having the payroll taxes, workers’ compensation and administrative charges taken out. In this scenario, payroll processing is performed in the same manner – but the payroll checks “clear” as the employees make their deposits off your account.
How does the employee leasing company receive payment for the payroll?
Depending on the PEO provider and your preference, there are number of ways payment can be made. They include: cashier’s check or company check when payroll is delivered, automatic withdrawal (ACH) from your account and wire transfer.
What do I receive with my payroll?
Besides employee paychecks, you can expect detailed payroll invoice, a payroll register and an input sheet for your upcoming payroll if needed. Depending on your business, you may require special reports for departments or job costing as well.
Are there advantages for my business in regards to workers’ compensation insurance?
Yes, there are a number of ways to save on workers’ comp with an employee leasing company. Unlike traditional “stand alone” policies, you don’t have the large down payments or annual state expense fees. Many times there are no deposits required at all! Most businesses also receive discounted rates that aren’t accessible with traditional policies. And because workers’ comp is based on payroll, premiums are withdrawn with your pay cycle– saving you time and the frustration of audits.
What are the benefits of a pay-as-you go general liability policy?
The benefits of our General Liability include:
- No audits
- Pay-as-you-go
- No money down
- No financing fees
- Reduced premium rate due to the employee leasing model
- No more risk of overpaying on general liability and not getting your money back
- Reduced premium paid because in most cases, premium is based on a percentage rate of payroll per hundred and not on gross sales
- General liability and workers’ comp are on the same certificate of insurance
How does human resource outsourcing benefit me?
From hiring to termination, professional human resource services has become increasing invaluable to employers in maximizing their return on investment from employees. Communicating employee expectations, pay rates and reviews, even unemployment claims and immigration documentation are just a few of the dozens of HR benefits provided through an employee leasing service.
Why does the employee leasing concept work?
Simple – it allows you to concentrate on work that affects your bottom line. The small business administration (SBA) estimates that employers spend up to 40% of their time dealing with non-income producing administrative tasks. Consider what you could accomplish if all of your time, energy and focus evolved around ways to create more profits?
We have a unique payroll system, can the employee leasing company adapt?
Employee leasing companies work with business owners who employ from 1 to over 1,000 employees in different industries, states and professions. Not every employee leasing company is equipped to handle unique payroll systems, but we can help you access those who do.
Who is responsible for the employees' wages and employment taxes?
The employee leasing company assumes responsibility and liability for payment of wages and compliance with the rules and regulations governing the reporting and payment of federal and state taxes on wages paid to employees.
How are Employee Leasing companies and PEOs recognized at the state and Federal levels?
PEOs operate in all 50 states. Many states provide some form of specific licensing, registration or regulation for PEOs. These states statutorily recognize PEOs as the employer or co-employer of worksite employees for many purposes, including workers' compensation and state unemployment insurance taxes. The IRS has accepted the right of a PEO to withhold and remit federal income and unemployment taxes for worksite employees.
Who is responsible for state unemployment taxes?
As the employer for unemployment taxes, PEOs assume responsibility and liability for payment of state unemployment taxes, and most states recognize the PEO as the responsible entity. In those states that require the PEO to report unemployment tax liability under its clients' account numbers, the PEO still manages this responsibility.
What are the differences between Employee Leasing and a Professional Employer Organization?
Although many still view these two staffing arrangements as the same, they are, in fact, quite different. The term "employee leasing" means different things to different people and has been, and continues to be, used in many diverse contexts. The confusion surrounding this terminology is one reason NAPEO has been active in defining and distinguishing the PEO concept; however, many commentators, regulators, and statutes use the terms interchangeably.
Through the use of a PEO relationship, client companies make a long-term investment in their workers, because in most cases, the PEO provides access to health insurance, retirement savings plans, and other critical employee benefits for their worksite employees. In the event a PEO relationship is terminated, the co-employees will cease to work for the PEO but will continue as employees of the client. Once again many employee leasing companies claim to provide these same beneficial services. Employee Leasing Quotes.com will help you sort through the confusion by providing you with a professional employer organization or employee leasing solution that delivers the benefits your company needs.
How many Americans are employed in a co-employment PEO arrangement?
It is estimated that 2-3 million Americans are currently co-employed in a PEO arrangement. PEOs are operating in every state, and the industry has grown between 20-30% per year. Today, there are approximately 2,000 PEO companies who are responsible for over $18 billion in employee wages and related human resource and employee benefits.
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