Your Citrus Park PEO
Why Use A Professional Employer Organization?
A Professional Employer Organization (PEO) can provide aggregate buying power for businesses. Let us help you save on employee benefits, workers’ compensation and employer practices liability insurance.
Professional Employer Organizations: A Shared Responsibility Model
A Professional Employer Organization (PEO) is a human resources company that provides co-employment services. Under a PEO arrangement, the client company’s employees become dually employed by both the client and the PEO through a shared responsibility agreement. The PEO serves as the employer of record for payroll, workers’ compensation insurance, health and retirement benefits administration, and other human resource functions. Meanwhile, the client company maintains day-to-day oversight and supervision of employees at the worksite.
Through this shared services model, both the PEO and its client companies enjoy certain benefits. Risks associated with employment are mitigated by spreading them across multiple client payroll populations. The PEO handles routine HR tasks like onboarding new hires, benefits administration, and compliance reporting. This allows client companies to focus on core business operations while benefiting from expertise in HR management. PEOs also ensure client companies comply with all applicable federal, state and local employment laws and regulations. Overall, a PEO partnership creates operational efficiencies and a safer work environment for both the PEO and its client companies.
Sam Bond Benefit Group Saves Time And Money
Business owners know that outsourcing can save them time and money. Many successful businesses use Professional Employer Organizations to transfer the administrative payroll and insurance responsibilities to the PEO. Many states, including Florida, refer to this as employee leasing (FS§468).
This unique relationship enables employers to purchase employer’s insurances, such as workers’ compensation and employee benefits, through a large group. This saves money, time, and reduces employer liability.
Our firm conducts ongoing research on partner companies to ensure our information remains accurate and up-to-date. We maintain close contact with partners through direct engagement such as calls and visits. This allows us to request timely updates on matters like renewals, carrier changes, and shifts in leadership or operational management. As a long-tenured industry participant, we have developed strong familiarity with many providers. Lasting relationships are built on shared foundations of integrity and trust.