LUTZ PEO: WHY USE A PROFESSIONAL EMPLOYER ORGANIZATION?
A Lutz PEO can provide aggregate buying power for businesses. Let us help you save on employee benefits, workers’ compensation and employer practices liability insurance.
WHAT IS A PEO?
PEO stands for Professional Employer Organization. It is a company which provides a co-employment situation, where your employees are also employees of the PEO in a shared responsibility and obligation agreement. The PEO will be the employer for payroll, workers’ comp, human resources, health and other benefits, while the client retains control of the employees on the worksite. Furthermore, working together, the Lutz PEO and Client can achieve a safer workplace, streamline all the HR processes, spread out some of the risk, and ensure compliance with all local, state and federal regulations.
Sam Bond Benefit Group Is A Lutz PEO THat Savers Compoanies Time And Money
Savvy business owners recognize that strategic outsourcing can significantly reduce operational costs and streamline operations. In fact, many thriving enterprises leverage the services of Professional Employer Organizations (PEOs) to delegate administrative responsibilities such as payroll management and insurance procurement to these specialized entities. In several states, including Florida, this practice is referred to as employee leasing, as outlined in Florida Statute §468.
This unique co-employment arrangement enables employers to access comprehensive employer’s insurance coverage, including workers’ compensation and employee benefits, through a large risk-sharing pool. Additionally, this approach not only yields substantial cost savings but also alleviates the burden of time-consuming administrative tasks and mitigates potential employer liabilities.
At Sam Bond Benefit Group, we place a strong emphasis on conducting thorough research and due diligence to ensure the accuracy and timeliness of the information we provide regarding our partner companies. Our team proactively engages in direct communication and on-site visits to foster robust relationships with our partners. We diligently request timely updates on policy renewals or carrier changes, striving to maintain a comprehensive understanding of each organization’s leadership structure, operational management, and key personnel. Our firm’s extensive industry experience and longevity enable us to cultivate familiarity and rapport with numerous service providers. Ultimately, enduring partnerships thrive when integrity and mutual trust serve as the cornerstone of the relationship.