LAKE MAGDALENE PEO: WHY USE A PROFESSIONAL EMPLOYER ORGANIZATION?
A Lake Magdalene PEO provides 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. Working together, the Lake Magdalene 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 Lake Magdalene PEO Broker That Saves Companies 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.
At Sam Bond Benefit Group, we place a high priority on keeping accurate information about our partner companies. It’s important to us that we provide our customers with the most up-to-date details. That’s why we’re regularly checking in with our partners. Whether it’s giving them a call or stopping by for an in-person visit, we try to keep the lines of communication open. By staying in touch, we can maintain strong working relationships.
We also ask that our partners keep us informed about any changes on their end in a timely manner. If there are leadership or policy updates, for example, we want to hear about them as soon as possible. It helps tremendously to know the names and roles of key people like top executives and operations managers. Having familiarity with who’s who makes our coordination much smoother.
After so many years in this industry, we’re fortunate to have longstanding connections with numerous providers. We really value the familiarity that comes with longevity. Where there’s mutual trust and integrity, relationships can truly thrive. That’s important to us as we aim to deliver the best possible service and experience for our customers. Overall, communication and reliability are what allow our partnerships to flourish.