What Is
A PEO?
Discover the benefits of partnering with a Professional Employer Organization (PEO) and redefine the way your business handles HR management.
Understanding
Professional Employer Organizations with Priority HR
A Professional Employer Organization (PEO) with Priority HR is a transformative solution for businesses seeking comprehensive HR services. As a full-service HR outsourcing provider, we specialize in co-employment arrangements, where we manage critical employee administration tasks such as payroll, benefits administration, and compliance. Tailored for your unique business needs, our PEO services not only streamline HR operations but also offer strategic support, enabling you to focus on your core business objectives. Discover the benefits of partnering with Priority HR for an efficient, compliant, and well-managed workforce.
Advantages
of Partnering with a PEO
Payroll and Tax Services
PEOs manage payroll and may handle local, state, and federal employment taxes. Many integrate payroll with time and attendance, minimizing duplication and errors.
Benefits Management
Co-employment often provides access to premium, affordable health insurance, dental care, retirement benefits, and other perks for employees. The PEO typically oversees employee enrollment for these benefits and processes claims on your behalf.
Compliance
PEOs often have compliance experts to protect your business from fines and penalties. This may include areas such as payroll tax law, reporting requirements, unemployment insurance, workers’ compensation, hiring, and HR compliance.
Risk Management and Safety
Beyond workers’ compensation insurance, PEOs may provide safety audits and training programs to help minimize claims. They can also assist with Occupational Safety and Health Administration (OSHA) inspections.
HR Support
PEOs often have HR professionals who offer HR services and support, partnering strategically and administratively with your in-house HR team, if you have one.
Talent Acquisition and Management
Some PEOs provide comprehensive talent services, such as strategic hiring and recruiting, employee training and engagement, and performance management.
Empower Your Small Business
with a PEO
If you’re a small to mid-sized business owner, a Professional Employer Organization (PEO) can manage critical HR tasks for you. This allows you to focus on what matters most – developing and selling your unique products and services. Uncover the transformative impact a PEO can have on your business operations.
Enhance HR Management
with Advanced Data
Discover
the Power of PEOs!
In a shared partnership known as co-employment, your business and the Professional Employer Organization (PEO) divide key employer responsibilities. While you focus on your core business operations like serving your customers and deciding who to hire or let go, the PEO takes care of payroll processing, payroll tax withholdings and payments, workers’ compensation coverage, and employee benefits administration. Additionally, they provide crucial human resources guidance, allowing you to concentrate on growing your business.
Making The Right Choice
Choosing the Right Professional Employer Organization
Boost Your Business
Partner With Priority HR
PEO
What It Doesn't Do
While a Professional Employer Organization (PEO) takes on the responsibility of HR administration, it does not take over your business. Here’s what a PEO does not do:
- It does not make independent decisions about your business operations.
- It does not assist with tasks related to marketing, sales, or distribution of your products.
- It does not set pay rates, work hours, or schedules for your employees.
With a PEO, you retain full ownership and control over your business while gaining valuable HR support.
The Cost
Of PEO Services
Understanding PEOs
An Unique Business Model
PEOs, or Professional Employer Organizations, are often known for their unique business model called co-employment. However, there has been some confusion surrounding PEOs. This is largely due to the inaccurate use of the term ’employee leasing’ to describe PEOs and their services. Even today, certain state legislations refer to PEOs as a form of leasing. Let’s clear the confusion: There is only one type of PEO, and that operates on the co-employment model.
PEOs' Unique Position
in Outsourcing
Employee leasing companies
Staff leasing firms
Human resource outsourcing organizations (HROs)
Administrative services organizations (ASOs)
Managed payroll services
enjoy the security
Choose a Certified Professional Employer
Organization (CPEO) for your business, and enjoy the security of working with a partner that meets the IRS’s stringent financial, legal, and reporting standards. Partnering with a CPEO can provide you with financial protections and tax advantages, such as the ability for the CPEO to pay federal taxes on your behalf, thereby shielding you from potential double taxation. It’s worth noting that only a small fraction of PEOs have achieved this IRS certification.
Benefits of Partnering
with a Certified PEO
ESAC Accredited PEOs:
Trusted and Verified
Besides achieving IRS certification, Professional Employer Organizations (PEOs) can also earn accreditation from the Employer Services Assurance Corporation (ESAC). ESAC-accredited PEOs have proven their financial stability, commitment to ethical business practices, and compliance with operational standards and regulatory requirements. Choose an ESAC-accredited PEO for a trusted and verified HR solution.