Protect your employees with the help of a PEO organization
A professional employer organization is like an outsourced HR department that works behind the scenes to ensure that your business is staffed with capable, reliable and protected employees. Essentially, instead of hiring new employees directly, your business hires the PEO to provide new employees for open positions. Besides assuming the task of staffing, the PEO can also concentrate on business aspects such as payroll services, employee benefits and risk solutions to ensure that your company continues to function well. A PEO can be a good choice for your business, and you can find a trustworthy company that will help your business succeed.
How a PEO Organization Can Help
PEO companies have much in common with human resource consulting companies or an HR department, but they also offer some unique services. A PEO deals with a network of professionals that can be matched with companies in need of staffing. In certain situations, a company's internal HR department doesn't have the time or resources to search for the perfect candidate for a leadership role. In the case of a long-term illness, a resignation or a termination, PEO services will determine the skill set that is required and provide a qualified candidate to keep the organization operating smoothly.
Alternatively, some companies choose to work with PEO services at all times rather than simply calling on them in times of crisis. In this case, you share the managerial duties: the PEO handles the traditional HR tasks that keep your business in compliance with government and industry organizations, and you continue to handle everyday responsibilities to your employees. Essentially, the task of the PEO is to relieve some of the pressure and responsibility so you can focus on the health and growth of your business.
Find the Right PEO Organization
Choosing a PEO involves a careful assessment of your company's human resource needs along with some thorough research into the services that a given PEO can offer. Insurance coverage and legal affiliation are particularly important areas to look into: What companies do they use for workers compensation and health insurance? Are they legally represented in labor and general business issues by attorneys with PEO experience? You will want to make sure that the PEO has a solid relationship with compliance agencies and has a good handle on employee benefit funding to ensure that your employees are taken care of and that you, the business owner, are protected from liabilities.
Ultimately, you need to be able to trust the PEO with running a good part of your business; their actions will definitely affect the present and future state of your company. Look online for PEO reviews and compare companies—the PEO vendor that you choose should have experts in all areas of HR in order to ensure that your employees are protected and satisfied.