This is incorrect. With PEO- it’s still the company’s own employees. The company determines who to hire and fire and they don’t loss any control. The PEO only remains as the co-employer on paper such as employees’ paystub and really it’s for the convenience of state registrations, unemployment tax, audits, and all compliance-related things. Because a PEO shares the liability of the company and has skin in the game. If the company gets sued by an employee/ candidate, the PEO is sued. To a small company, it’s a peace of mind because it’d allow them to focus on their core business without worrying about the admin tasks, the compliance, and potential risks and liability. With employee benefits- because a large and established PEO operates as a congregated large company, when they go out to get health insurance for small companies, carriers give them access to large company like Google Facebook-level plans and options and large group rates. As opposed to extremely limited small company plans, which they’ll only be be able to get in the open market. This helps the company be seen as a preferred employer in the job market.
This is incorrect. With PEO- it’s still the company’s own employees. The company determines who to hire and fire and they don’t loss any control. The PEO only remains as the co-employer on paper such as employees’ paystub and really it’s for the convenience of state registrations, unemployment tax, audits, and all compliance-related things. Because a PEO shares the liability of the company and has skin in the game. If the company gets sued by an employee/ candidate, the PEO is sued. To a small company, it’s a peace of mind because it’d allow them to focus on their core business without worrying about the admin tasks, the compliance, and potential risks and liability.
With employee benefits- because a large and established PEO operates as a congregated large company, when they go out to get health insurance for small companies, carriers give them access to large company like Google Facebook-level plans and options and large group rates. As opposed to extremely limited small company plans, which they’ll only be be able to get in the open market. This helps the company be seen as a preferred employer in the job market.
😂😅 so much is wrong with this information it's laughable.