PEOs provide numerous valuable services to customers. They comprise some or all of the following:
• Paying and accounting salaries for employees
• Completing the withholding and/or coverage of payroll-related taxation
Companies, irrespective of the size and form, can use PEO as a co-employer of a business' employees.
Just as PEOs solve innumerable issues for companies (for example, providing employee benefits, filing taxes, decreasing the administrative burden of running/managing a payroll, outsourcing human resources function etc), many staffing agencies basically turn to PEOs for one primary reason this is worker's compensation solution which could be inaccessible to them within the conventional marketplace. Undeniably, most staffing agencies normally struggle to locate inexpensive employee's compensation coverage from insurance carriers. The following three reasons can notify such a situation:
• Paying and accounting salaries for employees
• Completing the withholding and/or coverage of payroll-related taxation
Companies, irrespective of the size and form, can use PEO as a co-employer of a business' employees.
Just as PEOs solve innumerable issues for companies (for example, providing employee benefits, filing taxes, decreasing the administrative burden of running/managing a payroll, outsourcing human resources function etc), many staffing agencies basically turn to PEOs for one primary reason this is worker's compensation solution which could be inaccessible to them within the conventional marketplace. Undeniably, most staffing agencies normally struggle to locate inexpensive employee's compensation coverage from insurance carriers. The following three reasons can notify such a situation: