What is a Maryland PEO Company?
A Professional Employer Organization (PEO), also known as employee leasing - is an HR outsourcing company that manages payroll, employee benefits, workers compensation, and compliance with any state or federal employment laws.
PEOs differ from HR outsourcing firms in that they become your back office partner. In other words, you still manage and run your business and your workers, while the PEO provider deals with the administrative hassles.
What are the Benefits of Using a Maryland PEO Service?
The time and money saved on outsourcing all of the duties and responsibilities a business owner typically has to handle is one of the biggest advantages of using a PEO. Outsourcing provides the freedom you need to focus on your core business functions, like sales, service and growth.
Other Maryland PEO Provider Benefits:
- Increased savings on health insurance and higher quality of health benefits
- Experienced HR professionals
- Employee handbooks with company policies
- Help with ADAs, payroll, OSHA, EEOC and more
- Employee record administration (payroll, benefits, vacation, etc)
- Workers' comp claims administration
How Does a Maryland PEO Work?
When working with a PEO service, your company enters into a shared or co-employment relationship. The PEO becomes the “Employer of Record" and is responsible for workers' compensation, payroll and payroll tax compliance, employee benefits, unemployment claims, and other human resource-related administrative tasks.
You maintain direct control of the day-to-day activities of your employees, and the employee leasing provider absorbs many employer-related liabilities. All of these preventative measures make it far less likely you will ever have to face an employee lawsuit, or that you will ever have to pay fees for failing to conform to government compliance rules and regulations.
Maryland Workers' Comp Benefits with a PEO Include:
- Big savings- Pay up to 40% less than state rates on insurance premiums
- No Audits
- Risk management and safety programs
- OSHA compliance
- Improved cash flow with pay-as-you go plans
- Partnerships with top-rated carriers
- Return to work programs
Why Choose Employee Leasing Quotes?
Choosing the right PEO program is a big decision and we treat it that way. We're licensed insurance agents with over 20 years of experience in the PEO industry. We've done the reseach, the vetting and understand the differences in each employee leasing company. Give us call and see how your Maryland business could benefit.