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Professional Employer Organization (PEO) Quotes and Comparisons
Outsourcing Consultants, Inc. has been answering the question “What is a PEO?” and matching businesses throughout the United States with best-in-class Professional Employer Organization (PEO), co-employment, staff leasing, ASO, HRO, payroll, employee benefits, and workers’ compensation solutions for nearly 20 years. Whether your business is well-established and stable and seeking information on leasing employees or new and growing, we will match you with a Professional Employer Organization while helping you answer, “Why use a PEO?“
We are paid directly by the Professional Employer Organizations we represent. Due to our long-standing and reputable relationships with our PEOs, we can get paid directly by the Professional Employer Organization without increasing the cost to you.
Professional Employer Organizations, or PEOs, have been in use now for around 20 years. Early on, Professional Employer Organizations were commonly referred to as employee leasing companies or staff leasing. While all PEOs function by leasing employees, not all employee leasing companies are Professional Employer Organizations. PEOs become additional employers by utilizing co-employment along with the worksite or common-law employer. The Professional Employer Organization takes over many of the necessary but non-productive functions for the worksite employer like payroll processing, quarterly 941 tax filings, new hire reporting, workers’ compensation claims administration, employee benefits administration, human resources advice and compliance, and much more.
Professional Employer Organizations can also at many times save employers money by helping to stabilize group health insurance and workers’ compensation premiums by becoming part of a larger risk pool through the co-employment or staff leasing relationship. Many PEOs will allow companies to keep certain aspects of their business in-house if they have a better solution in place than what the PEO can offer. The bottom line is that Outsourcing Consultants, Inc. can match your business with the “Goldilocks” solution for your human resources outsourcing needs that fits just right.
The term PEO is an abbreviation for Professional Employer Organization but many people also refer to PEOs as staff leasing, leasing employees, and co-employment.
The benefits of leasing employees through a co-employment relationship can be numerous. The most common benefits include allowing the business to transfer liability to a third-party while focusing on revenue-generating activities. Also many times cost savings can be achieved through economies of scale and larger risk pools for employee benefits and workers’ compensation.
While leasing employees takes on many forms, PEOs utilize a co-employment relationship whereby the PEO and the worksite employer share certain responsibilities in the eyes of the government.
Leasing employees helps business owners stay focused on their core businesses while outsourcing the liability and hassle of being an employer like benefits administration, payroll, workers’ compensation, OSHA compliance, and unemployment insurance and claims.
Outsourcing Consultants, Inc. works with both clients and PEOs throughout the United States but considering we are headquartered in Texas, we are specially equipped to handle the unique needs of PEO clients and prospects in Texas.