What is a Professional Employer Organization (PEO)?
A Professional Employer Organization (PEO) gives businesses an easy way to outsource payroll, employee benefits, human resource management, and workers’ compensation insurance. When these tasks are on someone else’s shoulders, employers are free to focus on growing their business.
If you own a logging company, workers' compensation insurance can be the most expensive part of running your business and sometimes forces you to take risks just to stay afloat. Using a PEO service means it doesn't have to be that way. PEOs can save you up to 40% off state insurance and traditional programs. Plus, you'll get rid of frustrating audits by using a pay-as-you go plan while the PEO manages the headaches of payroll administration.
PEO Company Benefits Include:
- Affordable workers' compensation insurance
- No large deposits and little to nothing down
- No more audits
- Pay-as-you-go payroll
- Complete payroll management - garnishments, direct deposit, reports, and tax deposits included
- One easy payment to cover all employee-related expenses
How Does a PEO Work?
Your business and the PEO enter into a co-employer relationship, which means the PEO handles administrative tasks, and the client acts as the worksite employer. The employer maintains control of the business and is in charge of all business decision making.
Typical PEO services include human resources services, payroll processing, benefits administration, risk management, and more.
Why Use ELQ?
As the nation's leading PEO brokerage since 2001, ELQ makes it easy to find the right company for you. While the majority of PEOs and other outsourcing companies manage payroll, most do not have workers' compensation carriers that approve timber or logging risks.
So use our years of market industry experience and drive down your employment costs today! Give us a call, we're here to help.