If you’ve never heard of a PEO before, you’re not alone!
Before there were PEO solutions, there were staffing agencies and third-party HR services. It wasn’t until the 1990s that Professional Employer Organizations, or PEOs, gained in popularity. New service offerings, like employee benefit administration and advanced regulatory compliance assistance, propelled PEOs to the forefront of the HR world and gave rise to the notion of co-employment as a solution to Small and Midsize Business (SMBs)’ HR woes.
In today’s competitive and ever-evolving business and regulatory landscape, SMBs face a number of daily challenges related to the successful management of human capital. Many of the rules and regulations SMBs must comply with favor large organizations with significantly more resources and the ability to negotiate better prices and more favorable terms.
Work Smarter, Not Harder with WorkSmart Systems
Professional Employer Organizations (PEOs), like WorkSmart, provide comprehensive integrated HR solutions to solve the problems SMBs face with managing the needs of a diverse workforce.
We deliver a full suite of PEO HR services, deep HR expertise, and the latest cloud-based technologies, as well as access to premium employee benefit programs via a co-employment relationship that gives us greater bargaining power.
How Does Co-Employment Work?
When you work with a PEO service provider, your employees are employed – on paper – by the PEO. This may seem strange, but it opens a wealth of opportunities for efficiency and benefits.
You’ll keep complete control over your business operations and company culture. You simply gain a partner with vast expertise in all things HR who will significantly reduce your liability as an employer.
When you choose WorkSmart Systems as your co-employment HR partner, you’ll enter a pool of clients that allows us to negotiate lower rates on health insurance, payroll processing, HR compliance, training programs, and more. This provides your employees with access to world-class benefit plans at affordable rates typically found only at Fortune 500 companies!
As a co-employer, you get all the benefits of the awesome employees you hire without the headaches of managing their HR-related needs.
Benefits of Hiring a PEO
There are many benefits to hiring a PEO for your HR-related needs. In addition to providing greater bargaining power for health, dental, vision, and workers compensation insurance, your PEO can…
- Decrease payroll processing and accounting costs.
- Provide access to a 401(k)-retirement savings program.
- Give expert advice on location-based regulatory compliance.
- Minimize and share legal liabilities.
- Help you hire for the right cultural fit.
- Free you up so you can focus on growing your business!
According to the National Association of Professional Employer Organizations (NAPEO), businesses that work with a PEO…
With a PEO, like WorkSmart, your employees get the best of both worlds: an engaged employer, focused on paving the path to success and providing quality benefits, and a full team of HR professionals ready to help, as needed, with common HR questions and more complex HR-related concerns, like those related to benefit plans.
Contact us today to learn more about how we can help you develop a multifaceted HR strategy that benefits your business and your employees!
*The Small Business Efficiency Act is the Federal law governing PEOs through a voluntary IRS certification program with rigorous quarterly and annual requirements. WorkSmart Systems is proud to be an IRS certified Professional Employer Organization (CPEO).
*IC-27-16 Professional Employer Organizations is the State code that recognizes the co-employment relationship and the regulating agency is the Indiana Department of Insurance.