HILLSBOROUGH PEO: WHY USE A PROFESSIONAL EMPLOYER ORGANIZATION?
A Hillsborough 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. The client, in turn, retains control of the employees on the worksite. Together, the Hillsborough PEO and Client achieves a safer workplace. Additionally, they 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 Hillsborough PEO That Saves Companies Time And Money
Business owners recognize that outsourcing can save them time and money. Many successful enterprises utilize Professional Employer Organizations to transfer administrative payroll and insurance responsibilities to the PEO. Florida, along with many other states, refers to this arrangement as employee leasing (FS§468).
This unique relationship enables employers to procure employer insurances, such as workers’ compensation and employee benefits, through a large risk pool. This saves money, time, and reduces employer liability.
At Sam Bond Benefit Group, maintaining accurate and up-to-date information on our partner companies is a top priority. We have an established process for conducting ongoing research to verify key details about each organization. This includes proactively contacting the partners on a regular basis through multiple communication channels. During these interactions, we inquire about any leadership or operational changes, such as updates to senior management teams or shifts in carrier relationships. We also request timely notification of renewal information or other adjustments to their offerings.
Beyond simple information exchanges, we strive to foster meaningful relationships with our partners through direct engagement. Members of our research team regularly visit partner offices to discuss strategies, get to know the individuals behind the brands, and learn about organizational developments from the source. Furthermore, by making the effort to understand the people as well as the business matters, we aim to build the rapport and familiarity that strengthens collaborative efforts.
Our extensive experience and long history in the industry also provide valuable context for partner evaluations. Having navigated various market cycles alongside different providers, we maintain well-informed perspectives that support diligent research practices. Where integrity and trust are shared core values between our firms, relationships can flourish in a spirit of mutual understanding and success. We are committed to upholding the highest ethical standards in all of our work with partners.