Perhaps the most common question we hear when we first meet with potential clients is, “What is a PEO?” The answer is simple, but we often encounter confusion. Let’s try to expand on the definition a little.
The first key term to note is outsource. In today’s market, this word often garners boos and hisses, but in this application it deserves accolades! When a small or mid-sized business outsources to a PEO, that simply means they are taking a portion of that workload and giving it to their PEO. A similar scenario could be drawn up using IT services. For your particular business it might not make sense to have an IT professional on staff let alone an entire department! This does not mean that your business does not have IT needs. The most cost effective solution would be to pay a third-party, or, to outsource your IT services. Additionally, you have an expert resource in your third-party provider.
To understand the PEO model, simply substitute the term “IT” above with “Employee Benefits, Payroll, Human Resources and Work Comp”. The PEO helps small and mid-sized businesses to alleviate the onus of those time-consuming,
administrative tasks. As you are thinking about it, try to keep the IT model fresh in your mind. If your internal email was acting up, who would you call? If you had a third-party vendor managing those services, one phone call would get someone on the issue and it would be resolved sooner than later. The same goes for your HR, Benefits, Payroll and Work Comp.
If you have a question on one or more of those issues, who do you call? Right now you may have to call up to four (4) different providers. A PEO gives you a single-source solution for all those areas (at least most PEOs).
Discovery can be your partner and resource for Benefits, Payroll, Health Care Reform and Work Comp to name a few. Call us at 303.225. 0400 or visit us at http://www.discoveryoutsourcing.com
The first key term to note is outsource. In today’s market, this word often garners boos and hisses, but in this application it deserves accolades! When a small or mid-sized business outsources to a PEO, that simply means they are taking a portion of that workload and giving it to their PEO. A similar scenario could be drawn up using IT services. For your particular business it might not make sense to have an IT professional on staff let alone an entire department! This does not mean that your business does not have IT needs. The most cost effective solution would be to pay a third-party, or, to outsource your IT services. Additionally, you have an expert resource in your third-party provider.
To understand the PEO model, simply substitute the term “IT” above with “Employee Benefits, Payroll, Human Resources and Work Comp”. The PEO helps small and mid-sized businesses to alleviate the onus of those time-consuming,
administrative tasks. As you are thinking about it, try to keep the IT model fresh in your mind. If your internal email was acting up, who would you call? If you had a third-party vendor managing those services, one phone call would get someone on the issue and it would be resolved sooner than later. The same goes for your HR, Benefits, Payroll and Work Comp.
If you have a question on one or more of those issues, who do you call? Right now you may have to call up to four (4) different providers. A PEO gives you a single-source solution for all those areas (at least most PEOs).
Discovery can be your partner and resource for Benefits, Payroll, Health Care Reform and Work Comp to name a few. Call us at 303.225. 0400 or visit us at http://www.discoveryoutsourcing.com