Businesses today need help managing increasingly complex Human Resources related matters that have the potential of placing a company at risk. These include such areas as personnel management, health benefits, workers’ compensation claims, payroll, payroll tax compliance, and unemployment insurance claims. Businesses contract with a PEO to assume these responsibilities, which then allows them to concentrate on the revenue-producing side of operations.
A PEO provides integrated services that more cost effectively manage critical Human Resource responsibilities and employer risks for clients. PEOs deliver these services by establishing and maintaining an employer relationship with their clients’ workers and by contractually assuming substantial employer rights, responsibilities and risk.