By Wyatt Bland
At AEIS we offer our clients the tools, resources, and partnerships to help save you time so you can focus on growing your business. At this time of year, in addition to shopping for benefits, you may be looking around to join a Professional Employer Organization, also known as a “PEO”.
You may be hesitant to join a PEO as you may want to switch up your HR operations but not your current partnership with your benefits broker. However, nowadays you have the option of working with a PEO while having an expert employee benefits advisor by your side like AEIS. We have built trusted partnerships with leading PEOs such as Insperity, TriNet, Justworks, and ADP.
But how do you know if a PEO is right for your business?
What Is a PEO?
PEOs offer a range of organizational services for their clients, which may include human resources consulting, payroll processing, tax filing, workers compensation filing, among others. PEOs enter into a co-employment agreement with their clients, meaning that you would fall under their company umbrella for tax identification purposes.
When evaluating whether a PEO is the best thing for your company, you must consider the various benefits, drawbacks, and risks that may be involved in your outcomes.
Why Consider a PEO?
A big reason why companies join a PEO is to help them with their Human Resources responsibilities. A PEO can help support your HR needs and administration with a technologically forward platform that helps you and your business thrive.
On the other hand, it is important to consider that there are some limitations when choosing a PEO model for your business. Recall that you now fall under a PEO’s tax ID when you join so depending on your situation you may lose important tax benefits your company currently relies on. A PEO could also limit your choice and options such as when selecting workers’ compensation programs.
The Best of Both Worlds: A PEO with an Expert Benefits Agency
By partnering with us, you can trust that we will advise you on making the best decision for your business.
Whether you are just starting to evaluate PEOs or if you are ready to switch, AEIS, Inc. is there to guide you in the process. As a client, your relationship with us lets you take advantage of special pricing offered through our channel partnerships.
Contact us at Ron@AEISAdvisors.com or 650-348-6234 x12 if you’re interested in learning more about our PEO partners and what they have to offer.
Disclaimer: Any information related to compliance or other subject matters in this blog is intended to be informational and does not constitute legal advice regarding any specific situation. The content of this blog is based on the most up-to-date information that was available on the date it was published and could be subject to change. Should you require further assistance or legal advice, please consult a licensed attorney.