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Considering a PEO?
A PEO is a Professional Employer Organization. These organizations aggregate small employers for the purpose of creating a purchasing pool for benefits, payroll and other administrative services. While many PEO’s purport to offer HR services, most leave it to the client employer to attract, develop and retain staff as well as handle administration. Also PEO’s require a “co-employer” relationship which creates issues for some organizations. For example, PEO’s instantly make small employers larger employers from an HR compliance perspective. Suddenly, small employers must comply with FMLA, provide sex harassment training and other large employer compliance requirements that would otherwise not be applicable.
An alternative to a PEO is sometimes known as an ASO (Administrative Service Organization). These organizations provide flexible, yet integrated HR, payroll and benefits options without the requirement of a co-employer relationship. This alternative is particularly good for organizations who have outgrown their PEO relationship (high service fees) or for those who are uncomfortable with the PEO concept and the “one size fits all” structure.
Employers seeking options to a PEO find SharedHR Essentials the perfect way to administer HR and transition out of the relationship. SharedHR Essentials provides all the services of a PEO, and more, without the cumbersome co-employer relationship. Once benefits alternatives are identified, SharedHR Essentials can offer all the services, including technology, and expert HR consulting advice, to provide a smooth transition out of a PEO and deliver and the integrated HR, payroll, and benefits services desired.
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