What is a Maryland PEO Company?
A Professional Employer Organization (PEO), also known as employee leasing - is a business outsourcing service that manages payroll, provides access to great employee benefits, savings on workers compensation insurance, and professional HR help.
A PEO become your back office partner, managing employment related administrative tasks - giving you more time to focus on growing your Maryland operations.
What are the Benefits of Using a PEO Service?
The time and money saved by outsourcing the responsibilities an employer has to manage these issues is one of the biggest advantages of using a PEO. Outsourcing gives the freedom 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)
- Unemployment 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 risk management, payroll and tax reporting, employee benefits administration and other human resource-related tasks. You maintain direct control of the day-to-day activities of your employees, with the PEO provider absorbing many employer-related liabilities.
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
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 research, the vetting and understand the differences in hundreds of PEO companies.
So whether it's improving your employee benefits package, saving on workers' comp insurance premiums, or outsourcing payroll and HR headaches - give us call! Ask questions and see how the right PEO service could impact your Maryland business.
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