AffinityPEO

PEO

Pronunciation: \pē- \ē-\ ō\
Function: abbreviation
Definition: Acronym For Professional Employer Organization

A business processes outsourcing company that provides complete HR (human resources) management for small and medium-sized employers under a contractual co-employment relationship through which the PEO assumes responsibility for many employment-related obligations and liabilities.

What Can A PEO Do For An Employer?

Reduce the cost and relieve the administrative burdens of human resources management:
	payroll tax reporting time and attendance record-keeping garnishments employment verification

Provide employment practices liability insurance protecting against lawsuits for:

discrimination
wrongful termination
harassment

Provide workers’ compensation insurance


Professionally manage occupational risks: safety and loss control workers’ comp claims management

Offer large group employee benefits:

	health insurance retirement / 401k plans life insurance disability dental flexible spending accounts employee assistance plans

Ensure compliance with the dozens of federal and countless state and local employment laws:

ERISA
EEOC
HIPPA
COBRA
FMLA
OSHA
ADEA
ADA

Professionally manage employment functions:

	recruitment and selection termination background checks drug testing employee handbooks performance appraisal systems job descriptions training and development outplacement services relocation services

PEO Clients Can Improve Their Bottom Line By Making Better Use of That Always-Scarce Commodity: Time
Partnering with a PEO makes it possible for a company to spend more time building and running its business instead of devoting countless hours and expense to managing the myriad details associated with employment responsibilities.

PEO Clients Manage HR More Effectively And Professionally For Less Cost PEOs provide a cost-effective alternative to hiring an HR staff or asking one of the company’s employees to handle HR in addition to the other duties that already fill the day. PEOs put a full complement of experienced HR specialists (payroll, benefits, regulatory compliance, tax reporting, workers’ compensation) at the service of their clients every day.