PEO SERVICES Presented by: What Is a PEO? A Professional Employer - PowerPoint PPT Presentation

PEO SERVICES Presented by:

What Is a PEO? • A Professional Employer Organization is a staffing company that specializes in the management of administrative and human resource functions for businesses, including: • Human Resource Management • Payroll Services • Employee Benefits • Workers’ Compensation • Risk Management

How Does a PEO Work? • You can think of a PEO as your off-site departmental manager. Your business recruits and hires employees. Your employees become “shared employees” or “co - employees” of your business and the PEO. While you maintain day-to-day direction and control, the PEO takes care of the ancillary HR functions and government paperwork.

PEO SERVICE OFFERINGS • Human Resources • Payroll • Workers’ Compensation • Risk Management • 401(k) • Other Benefits

HUMAN RESOURCES • Recruitment • I-9 compliance • E-Verify • New hire reporting • Customized Employee Handbooks • Leave of absences • Employee Disciplinary Forms • Unemployment Claims • Management training on laws that affect the employee/employer relationship

PAYROLL • Web-based payroll system • Flexible time clock interface • Production of all quarterly and annual reports, including tax payments • Direct deposit • Job costing • Certified payroll reports • Preparation and distribution of W-2 and 1099 • Earnings detail reports • Commission reports

WORKERS’ COMPENSATION • All shared employees are covered by a master workers’ compensation insurance plan • No up-front deposit/premium audit • Certificates of Insurance • Claims management • Substance abuse program

RISK MANAGEMENT • Accident reporting and investigations • Safety Training for supervisors and employees • Written Safety Programs • On-site Inspections/Audits to review Safety Compliance to ensure Safe Work Conditions preventing costly Workers’ Comp Claims

401(k) • Minimal cost to establish or maintain a 401(k) Plan for employees • Employer contributions are discretionary and not a requirement to adopt a 401(k) plan • Effectively transfer the Fiduciary Liability of having your own 401(k) Plan to the PEO

OTHER BENEFITS • PPO Major Medical • Dental and Vision Insurance • Supplemental Insurance such as AFLAC • Flexible Spending Accounts

WHAT DOES A PEO COST • Most PEO Companies charge a percentage of payroll called an admin fee • This fee covers the cost of payroll preparation, HR Administration, and Workers’ Comp Management • Remember all government paperwork files are done by the PEO allowing you free time to take care of your business • Additional costs for Insurance and 401(k), if you choose to accept this benefit, is normally itemized on your invoice

HOW DO I GET STARTED • Enduring Services will discuss your needs with you to determine the right PEO to fit your needs • You will then receive a “Request for Proposal” form which will give us the information we need to get you a Quote • Once we receive the RFP form, we will get the Quote from the PEO selected and review it with you • If you wish to offer any Health Benefits, you will be sent a Health Questionnaire to complete and return directly to the PEO • If you accept the Quote, you will then sign a contract that will be renewed at the first of each year in most cases.

WHAT HAPPENS NEXT • Once you have signed and know your start date you are ready to exhale and turn a lot of your worries over to the PEO • Most PEO Companies will send out a “Set Up Team” or conduct a Webinar/Phone Conference to help you and your employees fill out the paperwork • At this point you will be instructed on the how, when, and where of reporting payroll • At the “Set Up Meeting” you will also learn who your contacts in the various PEO Departments will be

SUMMARY • Why choose a PEO? • You choose a PEO to take the burden of administrative functions and reporting off your plate • You can then do what you do best and let the PEO do the rest • Enduring Services will not abandon you after signing, if you need us to bring up any issues you are having with the PEO we will get them resolved for you • Enduring Services will periodically check on you thru out the year to make sure all of your needs are being properly taken care of by the PEO