What is a P.E.O?
PEOs (Professional Employer Organizations) partner with companies to provide comprehensive HR to help manage a company’s human resources, employee benefits, regulatory compliance, and payroll outsourcing.
A PEO works through a co-employment arrangement, which means the PEO contractually shares certain employer responsibilities with the company.
Covering you under our umbrella
We like to think of Leading Edge as an umbrella because as a PEO, we can band our customers’ employees together under the Leading Edge umbrella. That way, our clients get access to big-company benefits for affordable rates and support for their employment-related compliance needs. They can also streamline their back office functions like payroll and HR in one place.
When a company enter into a relationship with a Professional Employer Organization (PEO), there exists a co-employment arrangement in which both the PEO and client have an employment relationship with the employee. The PEO contractually allocates and shares traditional employer responsibilities with the client company. The diagram illustrates the responsibilities, benefits and synergies between the client company, the employees and Leading Edge HR.
Hire/Release Employees with the Assistance of Leading Edge.
Manage and Operate Business
Control Worksite Activities
Focus on Business Development and Profitability
Establish Worksite Policies and Procedures
Ensure Worksite Safety
Comprehensive Benefits On-Time and Accurate Payroll
Professional Orientation and Employee Handbook
Assistance with Employment-Related Problems
Improved Employer-Employee Communication Statutory Protection
Professional Human Resources Services
Provide and Administer Extraordinary Company Benefits
Packages Payroll Administration
Workers’ Compensation administration/Risk Management
Why Companies switch PEOs
Lots of companies hire PEOs to handle their Payroll, HR and Workers Comp services – and for good reasons too. Research has shown that the average company that hires a PEO will save 35% on the cost of HR Administration!
Other Reasons to work with PEOs include:
Experienced a 35% cost savings on HR Administration
Were 50% less likely to go out of business
Experienced 23-32% lower employee turnover
Grew 7- 9 % faster on average
Were 28% more satisfied with selection of health care benefits