Once you have selected your Employee Leasing company, they will assign an account representative that will work to assemble the proper paperwork to “make things official”. The sign-up may include I-9s (a governmental document for immigration status), W4 (for tax withholding), benefit plan enrollments, employee pay rate establishment, direct deposit information for employee payroll, and other necessary documents. Most PEOs can work to import your existing payroll data (from Quickbooks or other payroll software) directly into their HR/ payroll system. In addition, be advised that work comp coverage for an individual employee is not effective until the paperwork is completed for that person. Your Employee Leasing company will offer a cafeteria of cost reporting options based on your needs and preferences for check registers and costing reports. In addition, data feeds are available back to your general ledger programs. Also many Employee Leasing companies can offer time-clock systems that feed time and attendance data directly to the PEOs payroll system. Some offer the ability for managers to access real-time attendance data. Part of the sign up also includes establishing your vacation and sick leave policy and setting any vacation account balances.
Your StaffMarket RFP captures your requirements and ensures responding Employee Leasing companies know what you need.
Each pay cycle (weekly, bi-weekly, monthly or semi-monthly) your Employee Leasing company will present you with an invoice. For the most part, the PEO will not pay employees until your payment has cleared. PEOs work on thin margins and one bad account that stings them for a whole payroll is bad business for them. Most PEOs will accept wire transfers, ACH or direct debit arrangement for payment.
A relationship with a Employee Leasing company requires significant interaction. You will interact with them on a regular basis for payoll, HR subjects and insurance claims issues. Most Employee Leasing companies will assign you an HR consultant and/or payroll rep that will be dedicated to your account. These persons are your support when things go wrong (and they will because payroll is involved!). Most Employee Leasing companies work hard to deliver a high service level and want to keep you happy.
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StaffMarket Services, LLC
431 12th Street West, Suite 202
Bradenton, Florida 34205
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Phone: 941-750-9450
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Fax: 877-471-5608
Office hours are 9:00am to 5:00pm EST
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2008
StaffMarket Services. All rights reserved.
StaffMarket and StaffMarket.com are registered trademarks of StaffMarket Services, LLC.
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