What is a PEO?
A Professional Employer Organization (PEO) is a vendor that allows small to mid-size businesses the opportunity to outsource human resources management and benefits administration as well as deliver an array of human resources services through a co-employment model. Under the co-employment concept, the vendor is essentially forming one large conglomerate consisting of all its clients’ employees.
A co-employment relationship means you are sharing certain risks and responsibilities with the vendor. So you are not alone when facing the threat from changes to laws and regulations and other compliance mandates. These economies of scale also allow for reduced health and workers comp insurance premiums as well as state unemployment tax rates.
A PEO provides small and medium sized businesses with a comprehensive, integrated solution helping them to:
- Increase Productivity
- Attract and Retain High Performance Employees
- Reduce Liability and Risk
- Outsource Administrative Burdens
- Focus on Core Business
Since the regulatory environment shows no signs of slowing down, HR issues that aren’t managed properly can put businesses at a heightened risk of lawsuits, fines and penalties. By leveraging a PEO, your clients can get in front of it all and focus valuable time on revenue generating responsibilities, worry-free.
PGP has preferential relationships with a vast array of PEO’s to meet your specific needs.