IS A PROFESSIONAL EMPLOYER ORGANIZATION (PEO)
RIGHT FOR YOUR BUSINESS?
Your business employs up to 99 persons.
Your typical employee is under 45 years of age.
Your business is geared toward finance, engineering, healthcare, high tech or is mostly a white collar business.
Your employees use the company health plan.
Your business needs someone to manage the HR functions.
If this describes your business, a PEO is worth considering.
ADVANTAGES OF HIRING A PEO
Employers do not need to spend time and resources on HR tasks. Instead, they can focus on their core business and growing their bottom line.
PEOs can provide consistent administration for larger companies and often improved technology resources.
Employers do not have to handle as many legal intricacies regarding HR tasks.
PEOs can negotiate better insurance coverage because of the volume of business that they cover.
Employers do not have to hire as many HR professionals in-house.
When the PEO assumes its client’s payroll into its accounts, it also carries the liability for clients’ employees because it is technically now the legal employer.
PEO assumes the liability of adhering to the legal tax and workplace standards. The PEO will ensure that its clients are knowledgeable concerning relevant standards under local, state, and federal laws.
The counties that we service for
Small Group Health Insurance Plans in New York State:
Albany, Clinton, Essex, Fulton, Montgomery, Rensselaer, Saratoga, Schenectady, Schoharie, Warren and Washington Allegan, Cattaraugus, Chautauqua, Erie, Genesee, Niagara, Orleans and Wyoming Bronx, Kings, Manhattan, Nassau, Queens, Richmond, Rockland, Suffolk, and Westchester Columbia, Delaware, Dutchess, Greene, Orange, Putnam, Sullivan, and Ulster Livingston, Monroe, Ontario, Seneca, Wayne and Yates Broome, Cayuga, Chemung, Cortland, Onondaga, Schuyler, Steuben, Tioga and Tompkins Chenango, Franklin, Hamilton, Jefferson, Lewis, Madison, Oneida, Oswego, Otsego and St. Lawrence Counties
The regions that we service for Small Group Health Plans are:
New York City
WHY YOU MAY WISH TO HIRE A PROFESSIONAL EMPLOYER ORGANIZATION (PEO)
Sometimes companies have trouble meeting their human resources needs, especially while also trying to increase profits. To assist in this area, many companies hire professional employer organizations (PEOs). When engaging one of these organizations, the company and its employees become employees of the PEO. The company delegates many of its HR responsibilities to the PEO. Though the company still officially hires its employees, the PEO handles payroll, benefits administration, workers’ compensation, medical insurance, and retirement accounts. Then, the company pays the PEO for its services (often a percentage of total salaries), along with an amount to cover the payroll for the employees.
Looking to purchase New York health insurance? We offer New York health plans for small businesses and the self-employed. Your business could save 30% with a PEO, Contact us to find out how.