Professional Employer Organization (PEO) Solutions
Professional Employer Organization (PEO) Solutions
Statistics about the PEO industry
Companies That Utilize a PEO:
Between 2.7 and 3.4 million people are employed in a PEO arrangement and 14-16% of businesses with less than 100 employees use a PEO
Source: National Association of Professional Employer Organizations (NAPEO)
How does a PEO work?
FRONTLINE PEO is responsible for payroll taxes, development, sponsorship and management of employee benefits plans, specific matters involving human resource management and compliance with employment requirements and you direct and control your employees in the day-to-day operations as well as the manufacturing, production, and delivery of your products and services.
Benefits of collaborating with a PEO
Access to Fortune 500-level employee benefits. Through a PEO, employees gain access to benefits such as health, dental, vision, life insurance, retirement savings plans, employee assistance programs and more.
Increased participation in retirement savings plans. Small companies (fewer than 10 employees) who partner with a PEO have more than 3 times greater participation. For businesses with 10 – 49 employees, 52 percent of a PEO client’s employees have a retirement plan, versus 23 percent in those companies that do not use a PEO.
Assistance from human resource professionals. PEOs provide access to human resource professionals as a part of their services. Through this service, PEOs help businesses comply with federal, state and local employment laws and help their employees better understand their rights and responsibilities.
Source: National Association of Professional Employer Organizations (NAPEO)
