The PEO Edge
Success, for many CEO’s and businesses, is achieving long-term sustainable growth with strong operating profits. Unfortunately, this is also an elusive and frustrating goal for many especially given the constant turmoil of tax labor laws changes.
Since 1989, Staff Leasing has provided outsourced payroll, benefit and human resources services to businesses just like yours. We strive to give you the Edge necessary to overcome the obstacles that confront your business daily, allowing you to achieve your dream of Success.
Through our outsourcing partnerships we:
- Allow your organizations to stay focused on growth and business development
- Work as your partner to administer payroll, benefits, workers’ compensation and core HR functions across your book of business
- Provide top level services that support your needs
- Help maintain compliance
Give Yourself the Edge – free up time.
No matter the size or type of the company you own, there are certain risks and responsibilities of doing business. Ideally, the financial rewards you’re receiving more than make up for the risk, but you may still be bogged down trying to manage the myriad of administrative duties that come with running a company.
Best of all, partnering with Staff Leasing as a co-employer frees you up to do what is most important to you: growing and strengthening your business. You will continue to manage the day-to-day activities of your employees and will always have the final say in how your company is run.
For your business, a co-employer relationship with Staff Leasing may be the answer. Under a co-employment agreement, we become the employer of record for your employees. That means we take on the responsibility of managing those tasks traditionally associated with human resources, including processing payroll and tax information, worker’s compensation claims, maintaining personnel records and administering benefits. This reduces your risk associated with incorrect financial reporting, employee disputes or failure to comply with government agency requirements.
What is a PEO?
A professional employer organization (PEO) provides comprehensive HR solutions for small businesses. Payroll, benefits, HR, tax administration, and regulatory compliance are some of the many services PEOs provide to small and growing businesses across the country.
Why a PEO?
By providing payroll, benefits, and HR services and assisting with compliance issues under state and federal law, PEOs allow small businesses to improve productivity and profitability, to focus on their core mission, and to grow.
Through a PEO, the employees of small businesses gain access to big-business employee benefits such as: 401(k) plans; health, dental, life, and other insurance; dependent care; and other benefits they might not typically receive as employees of a small company.
- Approximately 250,000 small and mid-sized businesses and 2 million people are part of PEO arrangements.
- PEOs provide access to healthcare for as many as 4 to 6 million people.
- The average size of a small business client of a NAPEO member is 20 employees.
- According to one business study, 40 percent of small businesses in PEO relationships upgrade their total employee benefit offerings as a result of the PEO relationship.
- While only 27 percent of small businesses overall offer employee retirement plans (according to the NFIB), approximately 95 percent of NAPEO’s members offered retirement plans to their small business worksite employees. Virtually all of those offered some level of matching contributions.
- To date, 40 states have adopted some form of PEO legislation and PEOs operate in all 50 states.
- Actuarial data shows that PEOs aggressively manage workers’ compensation risks and reduce the basic costs of workers’ compensation by as much as 25 percent for small business enterprises.
The National Association of Professional Employer Organizations (NAPEO) is the national trade association for the PEO industry, representing about 85 percent of the industry’s estimated $92 billion in gross revenues.
NAPEO has more than 300 PEO members ranging from start-up PEOs to large publicly held companies with years of success in the industry, as well as service providers. NAPEO members are headquartered in more than 40 states and have worksite employees in all 50 states.
Staff Leasing has been a proud member of NAPEO since 1990.