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| General PEO Information |
| What is a PEO? |
The PEO (Professional Employer Organization) industry, previously known as employee leasing, is booming and it’s targeted squarely at small to medium sized companies.
A PEO traditionally takes over the benefits, payroll, workers compensation, and labor responsibilities that drive many business owners to distraction. In short a PEO is the business owner’s Human Resource department.
When hiring a PEO, you write one check per pay period to cover wages, taxes, benefits, full human resource consulting, and a PEO fee ranging from 2 percent to 6 percent of total payroll. By pooling your employees with those of other companies, a PEO can negotiate for lower insurance rates and amortize the cost of benefits plans over a broader base, creating potential savings for its small and medium-size business customers.
PEO services are the ultimate win/win situation. Go back to concentrating on your business and leave the human resource worries to a Professional Employer Organization.
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