Professional Employer Organization
A professional employer organization, or PEO, is a firm that provides small and medium-sized companies with cost-effective, outsourced HR services that allow business owners and managers to focus their efforts on high-value activities to grow their business.
Some of the services offered by PEOs include:
- Payroll and tax services
- Risk management
- Employee benefit administration
- HR management
- Workers’ compensation
- HR compliance
- Recruiting services
- Learning and development
Why work with a PEO?
Working with a PEO helps business owners gain back valuable time, ensure compliance with employment legislation, enhance employee benefit offerings, boost retention and recruiting efforts, and reduce HR-related costs. Additionally, the National Association of Professional Employer Organizations (NAPEO) has conducted research that has shown just how valuable a PEO can be to small and medium-sized employers:
- The ROI from working with a PEO is 27%
- PEOs help lower employee turnover by 10% to 14%
- Clients grow 7% to 9% faster with a PEO partner
- PEO clients are 50% less likely to go out of business
What are the services offered by PEOs?
A PEO can offer business owners a personalized HR solution that fits the exact needs of their business and employees. The most common PEO offerings include employee benefits services, risk management and compliance services, and HR services. Within each of these solutions there are numerous products and services available to business owners.
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Employee Benefit Services
- Healthcare benefits
- Vision and dental
- Life and disability
- Retirement plans
- Voluntary benefits
- Complimentary benefits
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Risk Management and Compliance Services
- I-9 verification
- Workers’ compensation
- OSHA support
- Employee handbooks
- Leave of absence management
- Workplace safety improvements
- Return-to-work programs
- Employee policies and notifications
- ACA compliance
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HR Services
- HR administration and management
- Payroll services
- Tax services
- Learning and development
- Time and attendance
- Performance management
- Recruiting services
Want to Learn More?
Alternative Funding: Savings & Renewal Increase Mitigation
In the end, Exude was able to provide our client a program that not only mitigated the 17% increase, but also ended in a savings of $148k over the fully insured renewal.
Improving Employee Benefits through Communication
Improved the employee benefits communication and overall employee experience through Exude’s dedicated employee benefits team.
Improving the Overall Employee Experience
By creating intentional HR touchpoints we created a more engaged, connected staff that better reflected their employer brand and delivered their desired employee experience.