Question 1

How Does a PEO Work?

Accepted Answer

A PEO works by forming a co-employment relationship with an organization, where the PEO handles critical HR responsibilities while the business continues to manage day-to-day operations. More specifically, the organization and/or business retains control over its employees' jobs and daily work responsibilities, while the PEO takes on the administrative workload tasks, like managing payroll, administering employee benefits, ensuring compliance with labor laws, and handling risk management.

Question 2

What Are PEO Services?

Accepted Answer

PEO services are designed to simplify and streamline HR tasks by outsourcing key functions like payroll, employee benefits, regulatory compliance, and more. By reducing administrative responsibilities, PEOs allow businesses to focus on growth and strategy. They also help identify competitive benefits packages to attract and retain top talent while ensuring compliance with employment regulations.

Question 3

What Is A Global PEO?

Accepted Answer

A global PEO helps businesses expand internationally by providing employment solutions that allow them to hire in foreign countries without setting up a legal entity. These services include managing payroll, navigating tax regulations, and offering localized employee benefits. Global PEOs also simplify the intricacies of international expansion, making sure businesses stay compliant with local labor laws.

Question 4

How Much Does A PEO Cost?

Accepted Answer

The cost of a PEO depends on factors like the size of your business, the services you need, and the complexity of your operations. PEOs typically charge a percentage of payroll or a flat fee per employee.

Question 5

How To Leave A PEO?

Accepted Answer

Leaving a PEO involves several important steps. Start by reviewing your PEO agreement for termination terms, timelines, and potential penalties. A brokerage firm like ours can help interpret these details to minimize financial or operational impacts. Next, secure a smooth transition by handling payroll, benefits, and HR responsibilities effectively—a process we can also help with to reduce risks.

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