A professional employer organization (PEO) provides comprehensive HR solutions for small and mid-size businesses. Payroll, benefits, HR, tax administration, and regulatory compliance assistance are some of the many services PEOs provide to growing businesses across the country.

A PEO works through a co-employment arrangement, which means the PEO contractually shares certain employer responsibilities with the company.

Companies partner with PEOs for various reasons. Some want to gain access to the benefits an employee leasing company provides, such as payroll, HR, workers compensation, or health insurance. The main reason businesses want to partner with a PEO is the convenience & streamlining of their business that the partnership offers.

No. Since a PEO & business enter a partnership through a co-employment arrangement, business owners retain control over their company & business operations. The PEO will generally only assume responsibilities associated with a “general” employer for purposes of administration of benefits and remittance of payroll and payroll taxes.

One of the reasons business owners look at partnering with a PEO is for the benefits. Employee benefits are usually hard to get & administer, becoming a thicket of rules & regulations. Since employee leasing companies concentrate on the employees of many different businesses, they’re able to offer a variety of employee plans & benefits, depending on the state you operate in.

PEOs provide services to an estimated 175,000 small and mid-size businesses, employing close to 4 million people.

From a week to week, payroll to payroll basis, an employee leasing company will function much like your current payroll provider. You’ll receive an invoice, where you can see each employee or all your employees put together, how much money they earned, how much you owe in taxes, how much you own in workers compensation coverage, & how much the PEO is charging you. You pay one bill, one time, & you’re covered for the pay period.

Through a PEO arrangement, employees can get big business benefits, such as health, dental, life, & other insurances; as well as other benefits, they may not receive from the small business alone. Also, by partnering with a PEO, businesses can provide comprehensive human resources, which helps job satisfaction & productivity increase.

When a business partners with a PEO, they outsource their mundane human resource tasks, saving them time & money. This allows business owners to focus on growing their products & services without the stress of everyday human resource challenges.

We are a boutique PEO company, based out of Boca Raton, Florida. We love working for our local businesses & others within our field. But no matter where you’re located in the country, or even the world, Employee Leasing Marketplace is here to be your comprehensive, outsourced human resource experts.

With more than thirty years in the industry we work with all the larger firms.  We would be happy to get you multiple quotes and show you the best PEO for you to work with if we are not a fit.