PEO-based services are provided by companies who essentially act as co-employers with your existing company. They take over many of the administrative tasks that can burden a company, as well as dealing with other human resource concerns.
Here are some of the benefits that you can expect from using a PEO company in Colorado.
Employee Benefits
One of the biggest reasons to outsource to a PEO company is that they provide access to a wide array of high-quality benefits without the parent company having to worry about paperwork, regulations, and negotiating with insurance carriers. This can free up time that can be used on focusing on your business at hand.
Payroll Processing
An outsourced PEO company can handle all of the payroll responsibilities that can be a burden on the parent company. Not only can processing costs be decreased, but they can handle such things as garnishments, withholdings, and quarterly reports. It is best to pay a flat fee for these services versus paying for each service on an individual basis.
Planning For Retirement
A PEO company can also help your employees plan for retirement by offering such things as 401(k) plans and other retirement-focused savings plans. They can provide such things as educational materials so that employees can learn more about what they are contributing to as well as any notices concerning plans that are legally required.
If your business is interested in outsourcing any or all of your human resource needs, you can contact Concurrent HRO. They can definitely ease your workload.
