Buyers Guide for PEO - Professional Employer Organization Services
What kinds of companies Are using a PEO?
Since 1999 StaffMarket has assisted thousands of companies with as many as 10,000
employees and as few as one. In 2004, the average PEO client size StaffMarket assisted
was 26 employees. PEO clients range through all industries from roofing to medical
practices. In general, most small companies enjoy competitive work comp pricing
and the convenience of a single bill that covers all of their employer related
liabilities. Mid-sized companies also appreciate the
work comp pricing and the
HR services. Many times they have had no formal HR person or department. Larger
companies are usually seeking access to supplemental HR expertise or competitive
health insurance. In addition many larger companies are seeking a way to avoid
major capital investments in HR systems (HRIS). Outsourcing their HR to a PEO allows
them access to “state of the art” computing systems without investing in an IT staff
or expensive software.
Will I lose control of my company?
No. A common misperception of the PEO relationship is that the client will lose control
of the company. Rest assured; no PEO wants to run your company! (They would
probably just mess it up anyway!) In a PEO relationship you will contractually
separate the administrative duties, responsibilities and liabilities. For regulatory
purposes the PEO is the administrative employer and the client company is the
workplace employer. Remember, you are the PEO’s customer and you can terminate the
relationship (commonly on 30 days notice) at any time. However the co-employment
relationship is also a partnership. If your PEO advises you on certain HR practices
and you ignore their advice, then they may also end the agreement.
What will my employees think?
Engaging a PEO will not change the day to day work-life of your employees. Most
employees are excited to have a robust suite of employee benefits. All PEOs will assist
you with explaining the changes and additional services offerings available from the PEO.
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.
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