Have you been wondering, “What is a PEO?” PEO stands for a professional employer organization. A PEO provides small to medium-sized businesses with HR solutions as well as access to benefits. When a company decides to do business with a professional employer organization, the two enter into a co-employment relationship. This is considered a cost-effective option for small businesses to provide benefits and other services to employees while outsourcing the HR duties.
That is a basic answer to the question, “What is a PEO?” Now, let’s dig a little bit deeper.
What Is a PEO, and What Can It Provide?
If you’re going to understand what a professional employer organization is, you must consider what it provides. You already know you will have access to HR services. You can also get group health plans, workers’ compensation insurance, payroll processing, and help onboarding and off-boarding employees. Your PEO will also ensure that your company complies with all laws and regulations.
PEO and Decision Making – What You Need to Know
Now that you know the general answer to the question, “What is a PEO?” you probably wonder if it will take over your Westchester County business. A professional employer organization doesn’t control or run businesses. Instead, it provides professional support and guidance. You will still get to call all the shots.
In fact, a professional employer organization is meant to complement your existing structure. That means you will retain your HR staff when you use one. It will run more effectively and efficiently with the help of the HR professionals provided by the organization, but you’ll still maintain full control.
Learn More About Professional Employer Organizations
Charles Newman Co. provides a full range of services, including HR and compliance support. Contact Charles Newman Co. in Peekskill, NY, to learn more about our PEO services and receive a quote. You can reach us by phone by calling (913) 345-1000.
