What is a Michigan PEO?
PEO companies take the responsibilities and liabilities of payroll, HR and risk management off a Lansing business owner's shoulders so he/she can focus on growing profits and expanding business opportunities. PEOs also offers smaller businesses the opportunity to attract more talented employees by providing excellent employee benefits plans and other perks they might not otherwise offer.
PEO Advantages Include:
- Complete payroll administration, with direct deposit, pay cards, garnishment assistance, tax filings and more.
- Michigan workers' comp discounts, with little to no money down and no annual audits.
- Unemployment claims management.
- Fortune 500 type employee benefit access.
How Does a PEO Work?
When you partner with a PEO, or Employee Leasing Company, you enter into what is called a co-employment relationship. In this arrangement, you transfer a substantial portion of the risk and liabilities associated with employees to the PEO provider. This includes handling of wage and employment taxes, responsibilities of reporting, collecting and depositing state and federal taxes, and workers' compensation coverage and claims management.
How Many Businesses Use PEO Services?
PEOs provide services to between 156,000 and 180,000 small and mid-size businesses, employing between 2.7 and 3.4 million people.
Why Choose ELQ?
Choosing a PEO service is a big decision and we treat it that way. We listen to your needs, ask questions and create solutions that produce a positive impact on your Lansing business. You'll save the time you would spend calling dozens of outsourcing companies and filling out countless questionnaires. We've done the research and vetting for you. That's what we do since 2001! Call today and use our expertise and leverage to make sure you're getting the best PEO at the best price.