What Services Are Provided Through a PEO?
A PEO is also known as an employee leasing company. These programs are used by small to mid-sized business looking to outsource a number of employment related administrative tasks. Payroll and HR work is critical, important work that must be done correctly. But also work that doesn't generate a dime of income for a business. A PEO manages all of these tasks, while providing other important advantages for your Tyler operations including:
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Unemployment Administration
- Risk Management
- Complete Payroll Processing
- Healthcare and Other Employee Benefit Options
- Payroll Tax Filing
- Pay-As-You-Go Workers' Compensation
- Pre-Employment Screening
How Much Are PEO Services?
Less than you can do on your own. Average costs for utilizing a PEO company run between 2-4% on your annual employee payroll. Economies of scale make all the difference, as dozens of professional payroll processors work on hundreds of business accounts daily. The leasing company will also office certified work comp risk managers and human resource professionals - streamlining services and costs for their clients.
How Does PEO Company Work?
PEO companies assume part of your employer responsibilities, as well as many of the risks and liabilities. You are still responsible for hiring and firing, training and management of your employees. You are considered a co-employer with the PEO, giving you access to the PEO's HR, compliance, benefit, payroll and tax infrastructure. You maintain the day-to-day operations of your business and never lose control of your business. In short, a PEO becomes your "back office" partner.
Why Choose ELQ?
We've been in the industry since 2001, as the leading PEO brokerage in America. We'll be your best resource to provide a PEO that can best help your unique situation. PEOs are different in their services, terms and pricing - and we save you the time and effort required to interview each one, as we've done the vetting for you. Use our negotiation and leverage in the industry ensure you get the BEST pricing. Call today, ask questions and get answers that make sense. We're here to help.
