What is a PEO?

What is a PEO?

EmPower HR provides Professional Employer Organization (PEO) services. We provide a fully integrated HR solution for you, solving problems in the areas of HR, risk management, employee benefits administration, and payroll and tax administration. Partnering with a PEO frees you up to concentrate on growing your business.

Statistics about the PEO industry

Companies that utilize a PEO have:

  • 10 – 14% lower employee turnover
  • Are 50% less likely to go out of business
  • Grow 7 to 9 % faster than small businesses overall

Between 2.7 and 3.4 million people are employed in a PEO arrangement

14-16% of business with less than 100 employees use a PEO Source: National Association of Professional Employer Organizations (NAPEO)

PEO Industry Stats

How does a PEO work?

You and EmPower HR enter into a shared employment agreement. Shared employment is a contractual relationship between EmPower HR and you, where we agree to split up the duties of being a traditional employer. EmPower HR is responsible for payroll taxes, development, sponsorship and management of employee benefits plans, specific matters involving human resource management and compliance with employment requirements and you direct and control your employees in the day-to-day operations as well as the manufacturing, production, and delivery of your products and services.

How does a PEO work?

Benefits of collaborating with a PEO

Access to Fortune 500-level employee benefits. Through a PEO, employees gain access to benefits such as health, dental, vision, life insurance, retirement savings plans, employee assistance programs and more.

Increased participation in retirement savings plans. Small companies (fewer than 10 employees) who partner with a PEO have more than 3 times greater participation. For businesses with 10 – 49 employees, 52 percent of a PEO client’s employees have a retirement plan, versus 23 percent in those companies that do not use a PEO.

Assistance from human resource professionals. PEOs provide access to human resource professionals as a part of their services. Through this service, PEOs help businesses comply with federal, state and local employment laws and help their employees better understand their rights and responsibilities. Source: National Association of Professional Employer Organizations (NAPEO)

Benefits of a PEO

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Find out more about the professionals who will create strategic and day-to-day solutions in the areas of HR, payroll, tax and employee benefits administration for you and your employees.

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Let’s talk about how EmPower HR can help you grow your business.

EmPower HR provides HR consulting support, employee benefits administration, payroll, wage garnishment, and state and federal regulatory compliance.

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