LARGO PEO: WHY USE A PROFESSIONAL EMPLOYER ORGANIZATION?
A qualified Largo 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. Working together, the Largo 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 LARGO PEO BROKER THAT SAVES COMP0ANIES TIME AND MONEY
Outsourcing has become a strategic approach for business owners to streamline operations and reduce costs. Many successful enterprises leverage Professional Employer Organizations (PEOs) to transfer administrative responsibilities, such as payroll and insurance, to these specialized entities. In several states, including Florida, this practice is referred to as employee leasing (FS§468).
This unique co-employment relationship enables employers to access employer’s insurances, such as workers’ compensation and employee benefits, through a large group, resulting in significant cost savings, time efficiency, and reduced employer liability.
Sam Bond Benefit Group places great emphasis on maintaining accurate and up-to-date information about our partner companies. We proactively engage with our partners through regular calls and visits, fostering strong relationships. We diligently request timely renewal information or carrier changes to ensure seamless transitions. Furthermore, we make concerted efforts to familiarize ourselves with the key personnel, including top management, operations managers, and other critical roles within these organizations. Our extensive industry experience and longevity have allowed us to cultivate familiarity with numerous providers. Relationships thrive when integrity and trust are shared values.