What is a Florida PEO Company?
A Professional Employer Organization (PEO) is an HR outsourcing company that handles your human resource needs. Typically, this includes payroll, employee onboarding and offboarding, benefits, workers compensation, and compliance with any state or federal employment laws.
PEOs differ from other HR outsourcing firms in that they become co-employers to your business. In other words, while you still manage and run your business, your workers have two employers: you and the PEO.
What are the Benefits of Using a PEO Service?
The time and money saved on outsourcing all of the duties and responsibilities a business owner typically has to handle on his/her own is one of the biggest advantages of using a Professional Employer Organization. Outsourcing provides the freedom you need to focus on your core business.
Other PEO Provider Benefits Include:
- Increased savings on health insurance and higher quality of health benefits
- Experienced HR partners
- HR handbooks with regulations and company policies
- Help with ADAs, payroll, OSHA, EEOC and more
- Employee record administration (payroll, benefits, vacation, etc)
- Workers' comp claims administration
How Does a Florida Professional Employer Organization (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 PEO 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.
Florida PEO Workers' Comp Advantages
PEOs have many benefits, but one of the biggest lies in their workers' compensation insurance coverage for their clients. When you use a PEO, you will start saving money immediately by eliminating the down payments associated with your workers' compensation policy. Instead of a large down payment, you can make smaller, manageable payments as you go. Full-service management of workers' comp also eliminates the burden of having to annually shop for lower rates on your policy.
Other Workers' Comp Benefits with a PEO Include:
- Big savings- Pay up to 40% less than state rates on insurance premiums
- Easy certificates of insurance
- Return to work programs
- Risk management and safety programs
- OSHA compliance
- Improved cash flow with pay-as-you go plans
- Partnerships with top-rated carriers
- No audits
Why Choose Employee Leasing Quotes?
Choosing a Professional Employer Organization 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.
As independent brokers, you'll get all the facts and questions answered up front. We eliminate the concerns, so you're comfortable with your decision. We take responsibility for the providers we recommend and hold them accountable for the promises they make.
We're the only PEO brokerage service that guarantees your satisfaction. Call us today to see how much you can save.
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