What is Co-employment?
Co-employment is a partnership among a professional employer organization (PEO), an employer and its employees.
Managing HR functions like payroll administration and benefits packages are tasks that can keep you, a small business owner, from focusing on growth and profitability. A co-employment relationship with a PEO takes this burden off you and your business. A PEO handles almost every facet of your HR program and becomes the employer of record for tax and insurance purposes, assuming certain legal and liability responsibility for risk management, workers’ compensation, unemployment claims and state and federal regulations. Additionally, having a PEO partner helps in navigating the complexities of the Affordable Care Act, including the variety of tracking, calculating and reporting it entails.
With these responsibilities entrusted to CoAdvantage, you remain in control of virtually all core aspects of your business operations, including employee oversight, hiring and firing, product development, distribution, marketing and sales.
Download CoAdvantage’s Brochure of Services Offerings.