The PEO becomes your one-stop shop for:
Typically, with PEO-sponsored benefit plans, your employees will have access to a wider variety of benefits than your company could obtain on its own. This includes medical, group life insurance, dental and vision coverage
- health care flexible spending account
- a retirement plan
- life insurance
- short-term and long-term disability insurance
- personal accident insurance
- adoption assistance
- commuter benefits
- educational assistance.
- In addition, your PEO can provide guidance on compliance related to the the PPACA to help you avoid costly penalties.
The PEO becomes your payroll service provider, managing the regular compensation of your employees, along with payroll record maintenance and management, payroll compliance, online paystubs and W-2s, payroll management reports, garnishment and deduction administration and PTO accruals.
Supporting your internal HR team, a PEO helps you manage your liabilities as an employer, providing employee handbooks, summary plan description of benefits, new hire onboarding, termination assistance, leave of absence request management, employee relations support, substance abuse prevention services, liability management training, employment verification, and more.
Workers’ Compensation Coverage and Administration, including Claim Resolution
Joining a PEO provides you with worker's compensation insurance coverage. The PEO also manages and resolves your claims in the event of an on-site injury. To prevent injuries before they even happen, PEOs offer workplace safety reviews. Its safety specialists can work with your company to design safety and return-to-work programs.
Performance Management Support
A PEO can help you design and conduct employee performance appraisals on a regular basis. In addition, to support ongoing performance improvement, PEOs often provide you with compensation resources and tools, supervisor coaching, assistance with job descriptions, reward and recognition program design, base pay structures, self-help tools and worksheets for variable and sales compensation structures and company climate surveys.
Training and Development
Many PEOs can offer you training and leadership development services for your employees, such as an online learning management system containing interactive courses and digital books. A PEO’s training services may also include live or virtual training seminar