What is a PEO?
A professional employer organization (PEO), provides human resources to small businesses and their employees. These services include:
- Payroll, medical benefits and benefits administration
- Risk management consulting and compliance assistance
- Expert guidance for HR policy development and employee relations
- Recruiting and retention strategies
When you partner with a PEO, you enter what is called a co-employment agreement. Co-employment is a tri-dimensional relationship among a PEO, an employer and its employees. The PEO becomes the employer of record for tax and insurance purposes, while your company retains control of business operations and worksite employees.
Outsourcing your HR functions to a PEO like CoAdvantage helps ensure your business resources are focused on growth-oriented activities. Added HR support means you can offer a better benefits package to attract and retain valued employees. With HR experts on your side, you will more easily navigate employee and healthcare laws, reducing your risk of liability exposure.
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Strengthen Your Small Business with a PEO Partnership.