Georgia PEO Information
A PEO, also known as an employee leasing company, provides small and midsize businesses with a wide range of human resource related services. The PEO manages all payroll administration and employee benefits, which frees a business owner up to focus on growing and maintaining his/her core business.
The employer continues control over the day-to-day functions of the business, while the PEO provider removes many risk and liability issues.
Some of the tasks a PEO arrangement will manage for your Georgia business include:
- Workers' compensation administration and audits
- Section 125 plans
- HR management
- Employee benefits administration
- Section 125 plans
- Payroll administration and processing
- State unemployment insurance
- 401(k) retirement plans
Why Should Your Business Use a PEO Company?
One of the best reasons to use a PEO is that they dramatically decrease your administrative tasks so you can focus on business growth. Employers who utilize a PEO service, eliminate payroll, tax reporting, unemployment claims administration and more.
PEOs also allow you to unload the burden of having to keep up with the constantly changing HR and governmental regulatory laws. Many PEOs will provide employment liability insurance (EPLI) in for discrimination or wrongful termination lawsuits.
Other reasons to use a Professional Employer Organization:
Lower workers' compensation insurance rates
- Ability to offer your employees excellent benefits packages
- Complete payroll administration
- Access to HR professionals for all employee questions and issues
- Ability to attract higher quality employees
- Reduced liability as it relates to payroll and taxes
How Does a Georgia PEO Arrangement Work?
A PEO arrangement is also called a co-employment relationship. This unique situation allows businesses to outsource liabilities and HR management, while still maintaining the day-to-day control of their employees. The business owner never loses control over his/her business and retains the ability to hire, fire, train, reprimand and schedule their employees.
The PEO becomes the employer of record for tax purposes and is responsible for all of the HR-related tasks, such as paying the employees and providing the benefits.
Workers' Comp Costs with a PEO
Workers' compensation insurance is many times the biggest costs associated with running a business, so it's not surprising many employers are turning to a PEO to lower their costs. PEO companies negotiate competitive programs with insurance providers, which can often save employers up to 40% off the state rates for work comp.
In addition to drastically reducing their rates, employers also use PEOs to make sure that their employees are properly classified under the correct work comp code to avoid audits and possibly save even more.
Additional PEO Work Comp Advantages:
- Uniquely designed workplace safety programs to helps prevent injuries
- Claims managed efficiently when they occur
- Injured employee relationship management
- Return-to-work program to reduce the length and cost of workers' comp claims
ELQ began our mission to help employers in 2001. We understand the differences in PEO providers and how they work. Not every one can provide the services and programs your unique business needs.
We save you the time and effort from interviewing multiple companies to access the one that works. We work with dozens of PEO companies, so we can be objective and work for your best interests. Most importantly, we use our negotiation power and leverage to ensure you get the best PEO at the best possible price.
Getting started is easy. Just give us a call or fill out our simple quote request form and we'll get to work.
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