PEO Services: An HR Solution to Help You Grow Your Business
A PEO Service is one of the best kept secrets for small and medium business owners. Adding a PEO service saves your company time and money, while wowing your staff with great benefits.
What is a PEO?
PEO stands for Professional Employer Organization. PEO services allow your company to outsource your HR needs. The PEO firm will manage all aspects of HR for you, including; workers compensation compliance, employee benefits, payroll, recruitment & background checks, applying new state and federal regulations that may be impacting your employees.
A PEO service works by partnering with your company and acts as co-employment. While you manage the day-to-day work load and company policies, the PEO service manages the HR side of the company. This HR solution saves you money and time, freeing you to manage other aspects of your business.
Access Additional Benefits
The PEO provider can negotiate better rates and benefits packages, therefore increasing employee satisfaction.
We manage all aspects of HR from new hire to termination and workers compensation, freeing you to grow your business.
HR compliance is always changing. If you are not on top of these fluctuations you could be putting your company at risk.
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PEO Services Offered
Arch Resource Groups provides a number of PEO services for our clients. Our goal is to provide the best service that allows you to focus on expanding your business, rather than developing HR solutions.
- Payroll Services
- Compliance of Government Regulations
- Employee Benefits
- Workers’ Compensation Administration
- Human Resources Management
- Benefits Administration
- Recruiting and Background Verifications
- Financial & Retirement Services
- Employee Self-Service
- Time & Attendance
Why You Should Partner with a PEO Service Provider?
You work tirelessly to grow your business. You invest hour, money, and energy into creating your dream. PEO services are here to help you realize your company’s potential. According to renowned economist Laurie Bassi and Dan McMurrer, small businesses that use a PEO provider grow 7-9% faster than companies that don’t use them. They also see a 10-14% decrease in turnover. Not having to hire and train new staff can go a long way towards helping your business succeed. Maybe the most powerful stat that Bassi and McMurrer provides is that business using a PEO service is 50% less likely to go out of business.
Not only is hiring a PEO good for the long term health of your company, but they can also mitigate risk that you may not know you were taking. As part of the constant state and federal regulations flux, it can be nearly impossible to stay up to date. A PEO service is responsible for being aware and creating plans to disseminate this information. Reducing liability to your company is an added benefit that most business owners could use.
A PEO service is designed to help your company better serve your staff and employees while giving you the leverage to focus on other areas of your business.
Frequently Asked PEO Questions
Who uses PEO service?
For the most part small businesses are the main user of PEO services. On average, a business with around 19 employees would benefit from this service. There have been a number of large businesses who have also started to work with PEOs. In many cases, companies with 500+ employees have partnered with PEO provider to help guide their HR departments. Due to the diverse services PEOs work great with both small and large businesses.
How do PEOs work?
Once a client and PEO service provider contracts are completed ,the PEO and company will then co-employee the onsite staff. This partnership allows the PEO to manage payroll, taxes, benefits, and even background and reference checking. The company retains responsibility for employee production and development.
Do businesses lose control over their company when working with a PEO?
No. The PEO service is a partnership. The PEO provides management and assistance with human resources, but all production, deliverables, and work that is necessary for your business, is your responsibility. Think of the PEO provider as a helpful assistant that knows how you like your coffee. The assistant makes sure the maintenance on the coffee pot is up to date, that there are enough supplies, and everything is kept within budget. You get to sit back and enjoy your steamy cup of Joe.
How do employees benefit from a PEO?
They get the best benefits! Through the co-employment status, PEOs are able to negotiate health and life insurance, 401Ks, and dependent care for a large group. This lowers the cost of these benefits, saving your staff money while providing them with the employment extras that can help retain them on your staff for longer.
Learn How Our PEO Service Works
Contact Us Today To Learn How our PEO Service We Can Help Your Business Stay on the Track to Success