ST. PETERSBURG PEO: WHY USE A PROFESSIONAL EMPLOYER ORGANIZATION?
A St. Petersburg 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 St. Petersburg 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 St. Petersburg PEO Broker That Saves Companies Time And Money
Business owners recognize the benefits of outsourcing to streamline operations and reduce costs. Many successful enterprises leverage Professional Employer Organizations (PEOs) to transfer administrative responsibilities related to payroll and insurance. Several states, including Florida, refer to this arrangement as employee leasing (FS§468).
This unique relationship enables employers to secure employer’s insurance coverage, such as workers’ compensation and employee benefits, through a larger group, resulting in cost savings, time efficiencies, and reduced employer liability.
Our approach involves conducting thorough research on partner companies to ensure the information we provide is current and accurate. We maintain regular communication with our partners through phone calls and on-site visits, fostering strong relationships. We prioritize obtaining timely renewal information or carrier changes. Additionally, we make efforts to familiarize ourselves with key personnel, including top management, operations managers, and other critical roles. Our extensive industry experience allows us to cultivate familiarity with many providers. Relationships thrive when integrity and trust are shared values.