Delaware PEO Overview
Professional Employer Organizations (PEOs), also known as employee leasing companies, have been helping Delaware business owners for over 40 years. PEOs provide businesses with a wide range of HR services, to remove time consuming employment administrative tasks. Outsourcing non-revenue producing work to a PEO, allows for more time to focus on sales, service and growth!
What Can a PEO Do for Your Business?
Most business owners don't have the necessary skills in risk management, HR, payroll and accounting. PEOs share, or remove many of the employment responsibilities and liabilities of your company, pertaining to compliance, payroll, tax reporting and more.
They can also lower your workers' compensation insurance premiums, which is often the most expensive cost in running some businesses. Plus, many PEO providers offer Fortune 500 type benefits with great rates, a key in attracting and retaining talented employees.
Other ways a Delaware PEO can help include:
Complete payroll management
- Compliance with all employer-related laws
- Benefits administration
- Risk management
How Does a Delaware PEO Work?
In a co-employment relationship, the PEO acts as the administrative employer and the client acts as the worksite employer. The employer maintains control of their business and is in charge of all business decision making including employee supervision and staffing decisions. The PEO handles the time-consuming administrative tasks associated with the employment relationship. Typical services include: human resources services, payroll, benefits administration and risk management.
Do PEOs Lower Workers' Comp Insurance Rates?
Yes! Workers' compensation rates can often have a large financial impact on an employer's business. That's where a PEO provider can help. As work comp rates rise, they offer discounts that your company may not be able to receive on its own. The PEO offers no down payments, or state policy fees. PEOs also work with you when a work comp claim happens to reduce the overall impact, both immediately and long-term.
Other work comp advantages:
Pay as you go plans
- Complete claims management
- Risk management from workers' compensation experts
- Training to reduce further risk liabilities
Why Use ELQ?
We've been in the PEO employee leasing business since 2001 and we know the industry. We'll be your best resource to provide a PEO solution that will best help your unique business.
PEOs are different in their industry preferences, services and pricing. We save you the time and interview effort as we've done the vetting and research for you - that's what we do! Call today, get answers to your questions and see if a PEO program could benefit your Delaware operations.
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