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Business Owners Only |
How to launch your
own PEO business |
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What Is A Professional Employer Organization - PEO/ASO/HRO? |
- A Professional
Employer Organization is a dynamic new outsourcing
industry that offers independent business owners a convenient
and effective opportunity to come together and "level the playing field" through
group purchasing, economy of scale, and vendor
consolidation.
- PEO - ASO offers a host of
high-tech, environmentally friendly business
solutions for astute hard driving business owners who
need to compete with the "big guys"
appreciated by both the client and the
employees.
- PEO
companies are growing at an explosive rate (30%). Most experts
predict this rate of growth will continue to increase as
more and more business owners turn to PEOs to provide the
tools needed to increase productivity and profit, thereby
maintaining a sharper business focus.
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What Does A Business Owner Outsource? |
- Business
owners outsource most of their human resource function and
responsibility to a PEO. In this arrangement, the business
owner continues to retain full operational control over
the employees' activities.
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What are the major benefits to the business
owner? |
- According
to the U.S. Business Administration, the
average annual cost of regulation, paperwork, and tax compliance
for firms with fewer than 500 employees is about $5,000
per employee, compared with $3,400 per employee for firms
with more than 500 employees. The average small business owner spends
between 7% and 25% of his or her time handling employee-related
paperwork. - U. S. Small Business Administration
- Business
owners often want, and need, to focus their time and energy on
the "business of their business" and not on the
"business of employment". As businesses
grow, owners often don't have the necessary human resource training;
payroll and accounting skills; knowledge of regulatory compliance;
or backgrounds in risk management, insurance and employee
benefit programs to meet the demands of being an employer.
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What are the major benefits to the employee?
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- Employees
gain: a 401K retirement plan; a pre-tax 125 cafeteria plan,
a choice of bigger/better benefits tailored to the
employee's
individual needs; professional claims processing and
assistance;
increased take-home pay; a regularly updated employee
manual;
direct deposit to savings/checking accounts; and low interest
loans from credit union membership and much more.
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Who uses PEOs? |
- Business
owners with 5 to 1,000 employees benefit by outsourcing
their human resource functions to a PEO.
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MORE PEO FAQ's |
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Benefit Administration |
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125
Cafeteria Benefits Pre-tax Plan
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Child
Care/Dependent Care Reimbursement
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Medical
Expense Reimbursement
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Health,
Prescription Card, Dental & Vision
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Life,
Accident, Disability & Supplemental Benefits
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Professional
Claim Processing
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401K
Tax Deferred Retirement Plan: With Or Without Employer Participation
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125
Plan & 401K 5500 Form Processing
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Credit
Union & Low Cost Checking, Savings & Loans
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Direct
Deposit - Checking & Savings
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Benefit
Change Notifications
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Record
Retention/Storage
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COBRA,
HIPAA, ERISA Compliance
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OSHA
300 Log Compliance and Poster
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Help
Line (Employee/Client)
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Human Resources |
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Recruiting,
Advertising, Screening
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Interviewing
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Reference
& Background Checks
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Drug
Testing
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Discipline
and termination
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Employee
Bonding
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I-9 & W-4
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Record
Retention & Storage
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Required
Employment Forms Provided
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Performance
Review Forms
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Human
Resource Consulting and Support
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Employment Law Consultations |
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COBRA
- Consolidated Omnibus Budget Reconciliation Act
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FCRA
- Fair Credit Reporting Act
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WARN
- Workers Adjustment and Retraining Notification Act
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EPA
- Equal Pay Act
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NLRA
- Nation Labor Relations Act
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FMLA
- Family and Medical Leave Act
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FLSA
- Fair Labor Standard Act
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HIPAA
- Health Insurance Portability and Accountability Act
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AA
- Affirmative Action
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ERISA
- Retirement Income Security Act
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Title
VII - Civil Rights Act
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ADEA
- Age Discrimination In Employment Act
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ADA
- Americans With Disabilities Act
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CCPA
- Consumer Credit Protection Act
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USERRA
- Uniformed Services Employment and Re-employment Rights
Act
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Rehabilitation
Act of 1973(Government and Financial Assistance Recipients
Only)
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Employer
Polygraph Protection Act
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VEVRA
- Vietnam ERA Veterans' Readjustment Assistance Act
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PDA
- Pregnancy Discrimination Act
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IRCA
- I-9 Immigration Reform and Control Act
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OSHA
- Occupational Safety and Health Act Recommendations
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Employee Manuals |
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Employee
Manual Updates & Custom Addendi
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Trade
Secret, Confidentiality & Restrictive Covenant
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State Unemployment |
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Rate
Management Consultations
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Monitoring
of Changes in Regulations & Laws
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Management
Reports
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Claims
Filing & Monitoring
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Deposits
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Required
Postings
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Workers' Compensation |
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Monitoring
of Changes in Regulations & Laws
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Claims
Filing & Monitoring
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Rate
Management & Management Reports Records Retention
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Audits
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Assistance
Creating Employee Safety Programs and Training
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Post
Accident Drug Testing
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Payroll Administration |
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ACH Paychecks,
Payroll Register & Payroll Deductions
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Tracking
& Management Reports On: Vacation, Holidays, Bonuses, Paid
Leave, etc...
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Advances,
Loans, Child Support Payments & Garnishments, Overtime Pay,
Severance Pay, Holiday Pay, Sick, Accident Pay and Bonus
Pay
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Paycheck
Signature
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Direct
Deposits
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Phone-Fax-Direct
Entry of Payroll Hours
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Courier
Delivery of Payroll
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Payroll
Help Line
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No
Fines or Penalties
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Magnetic
Media Reporting
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Tax
Preparation & Tax Deposits
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Quarterly/Annual
Tax Filings
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Returns
& Audits
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Record
Keeping & EEO
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YTD
Earnings Reports - Specialized Reports
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W2
& Postage
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Use
Our Bank Account Including Bank Reconciliation
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Stop
Payments
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Records
Storage
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visit NAPEO site |