What is PEO?
A Professional Employer Organization (PEO) is defined as: “an organization that provides an integrated and cost-effective approach to the management and administration of the human resources and employer risk of small to medium size businesses by contractually assuming certain employer rights, responsibilities, and risk through the establishment and maintenance of a “Co-employer” relationship with the client and client’s worksite employees”.
Through its affiliated PEOs, DEM Solutions and DEM Concepts, DEM Group enables clients to cost-effectively outsource the management of human resources, employee benefits, payroll and workers’ compensation. This allows clients to focus on their core competencies to maintain and grow their bottom line.
Benefits to Outsourcing Employee Administration functions:
For the business:
- Provides experienced professionals in HR, benefits, payroll and risk management
- Controls Administrative Costs
- Save Time and Paperwork
- Assumes certain employment related liabilities
- Provide professional assistance with compliance (e.g., payroll, ERISA, OSHA, IRCA, EEOC)
- Reduce Turnover and attract better employees
- Professional Management of Workers’ Compensation and unemployment insurance claims
- Provide better employee benefits for your company
- Provide professional human resource services (e.g., employee handbooks, forms, policies and procedures)
- Stay current with changing governmental regulations
- Safety training
- ACA compliance
For the Employee:
- Comprehensive benefits previously unavailable (e.g., 401(k), Section 125 Plan, Flexible Spending Accounts, comprehensive insurance benefits)
- Provides professional assistance with employment-related issues
- Payroll: On-time and Accurate
- Professional Orientation and employee handbook, policies, procedures and practices
- Provide improved access to payroll information, benefits, personnel data, vacation & sick time accrual
- Extend statutory protection to more employees
- Up-to-date information on labor regulations and worker’s rights, worksite safety
- Efficient & responsive claims processing
- Portability of benefits