PEO SERVICES Presented by: What Is a PEO? A Professional Employer - - PowerPoint PPT Presentation

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Nov 30, 2023 810 likes •968 views

PEO SERVICES Presented by: What Is a PEO? A Professional Employer Organization is a staffing company that specializes in the management of administrative and human resource functions for businesses, including: Human Resource Management

SLIDE 1

PEO SERVICES

Presented by:

SLIDE 2

What Is a PEO?

A Professional Employer Organization is a

staffing company that specializes in the management of administrative and human resource functions for businesses, including:

Human Resource Management
Payroll Services
Employee Benefits
Workers’ Compensation
Risk Management

SLIDE 3

How Does a PEO Work?

You can think of a PEO as your off-site

departmental manager. Your business recruits and hires employees. Your employees become “shared employees” or “co- employees” of your business and the PEO. While you maintain day-to-day direction and control, the PEO takes care of the ancillary HR functions and government paperwork.

SLIDE 4

PEO SERVICE OFFERINGS

Human Resources
Payroll
Workers’ Compensation
Risk Management
401(k)
Other Benefits

SLIDE 5

HUMAN RESOURCES

Recruitment
I-9 compliance
E-Verify
New hire reporting
Customized Employee Handbooks
Leave of absences
Employee Disciplinary Forms
Unemployment Claims
Management training on laws that affect the

employee/employer relationship

SLIDE 6

PAYROLL

Web-based payroll system
Flexible time clock interface
Production of all quarterly and annual reports,

including tax payments

Direct deposit
Job costing
Certified payroll reports
Preparation and distribution of W-2 and 1099
Earnings detail reports
Commission reports

SLIDE 7

WORKERS’ COMPENSATION

All shared employees are covered by a master

workers’ compensation insurance plan

No up-front deposit/premium audit
Certificates of Insurance
Claims management
Substance abuse program

SLIDE 8

RISK MANAGEMENT

Accident reporting and investigations
Safety Training for supervisors and employees
Written Safety Programs
On-site Inspections/Audits to review Safety

Compliance to ensure Safe Work Conditions preventing costly Workers’ Comp Claims

SLIDE 9

401(k)

Minimal cost to establish or maintain a 401(k)

Plan for employees

Employer contributions are discretionary and

not a requirement to adopt a 401(k) plan

Effectively transfer the Fiduciary Liability of

having your own 401(k) Plan to the PEO

SLIDE 10

OTHER BENEFITS

PPO Major Medical
Dental and Vision Insurance
Supplemental Insurance such as AFLAC
Flexible Spending Accounts

SLIDE 11

WHAT DOES A PEO COST

Most PEO Companies charge a percentage of

payroll called an admin fee

This fee covers the cost of payroll preparation, HR

Administration, and Workers’ Comp Management

Remember all government paperwork files are

done by the PEO allowing you free time to take care of your business

Additional costs for Insurance and 401(k), if you

choose to accept this benefit, is normally itemized on your invoice

SLIDE 12

HOW DO I GET STARTED

Enduring Services will discuss your needs with you to

determine the right PEO to fit your needs

You will then receive a “Request for Proposal” form which

will give us the information we need to get you a Quote

Once we receive the RFP form, we will get the Quote from

the PEO selected and review it with you

If you wish to offer any Health Benefits, you will be sent a

Health Questionnaire to complete and return directly to the PEO

If you accept the Quote, you will then sign a contract that

will be renewed at the first of each year in most cases.

SLIDE 13

WHAT HAPPENS NEXT

Once you have signed and know your start date you are

ready to exhale and turn a lot of your worries over to the PEO

Most PEO Companies will send out a “Set Up Team” or

conduct a Webinar/Phone Conference to help you and your employees fill out the paperwork

At this point you will be instructed on the how, when,

and where of reporting payroll

At the “Set Up Meeting” you will also learn who your

contacts in the various PEO Departments will be

SLIDE 14

SUMMARY

Why choose a PEO?
You choose a PEO to take the burden of administrative

functions and reporting off your plate

You can then do what you do best and let the PEO do

the rest

Enduring Services will not abandon you after signing, if

you need us to bring up any issues you are having with the PEO we will get them resolved for you

Enduring Services will periodically check on you thru
ut the year to make sure all of your needs are being