Professional Employer Organizations (PEOs) enable clients to effectively outsource employer services, including the transactional management of human resources programs, employee benefits, payroll, and workers’ compensation. As a result, PEO clients can then focus on their core competencies to maintain and grow their bottom line.
Any business can find value in a PEO relationship. An average client is a business with 5-25 work-site employees. Increasingly, larger businesses are also finding value in a PEO arrangement because PEOs offer a robust employee resource infrastructure which includes customized payroll software, web-based HR solutions, group benefits, retirement savings and workers compensation management. PEOs can partner with companies that have 500 or more employees and work in conjunction with their existing human resource department. They can also just as easily partner with companies that have less than 5 employees and are looking for strong attraction and retention tools.
PEO Canada clients include many different types of businesses ranging from accounting firms to high-tech companies and small manufacturers. Many different types of professionals, including doctors, brokers, retailers, mechanics, engineers, and plumbers, also benefit from PEO solutions.
Once a client company contracts with PEO Canada, PEO Canada becomes your HR consulting team. We work with you to take care of your employees, providing support from the moment you hire new employees through to their departure. We consult with you on the best practices that assist in attraction and retention, and compliance with legislation.
Business owners want to focus their time and energy on the “business of their business” and not on the “business of employment.” As businesses grow, most owners do not have the necessary human resource program training, payroll and accounting skills, knowledge of regulatory compliance, or background in risk management, insurance, and employee benefit programs to meet the demands of being an employer. PEO’s give small-group markets access to many benefits and employment amenities they would not otherwise have.
No. The client retains control over its employees and operations. PEO Canada will provide guidance, consultation and administrative services to support the employee relationship and mitigate risk for the client.
A temporary staffing service recruits employees and assigns them to clients to support or supplement the client’s workforce in special situations such as employee absences, temporary skill shortages, or seasonal workloads. These workers are traditionally only a small portion of the client’s workforce. PEO Canada partners with clients to provide a full suite of employee resources that will support your HR infrastructure and the lifecycle of each employee. Through PEO Canada employees have access to group benefit and retirement savings and a team of professionals to guide them.
PEO Canada’s economy of scale enables each client to lower employment costs and increase its bottom line. The client can maintain a simple in-house human resource program or none at all by relying on the software we include with our services. The human resource specialists at PEO Canada can provide critical assistance with employer compliance, to help mitigate risk. In addition, PEO Canada provides time savings by handling routine and redundant tasks for its clients. This enables the business owner to focus on the company’s core competency and grow its bottom line.
Employees value financial security, quality health insurance, a safe working environment, and opportunities for retirement savings. When a company works with PEO Canada, it shows that the company cares about its employees. Job satisfaction and productivity increase when employees are provided with professional human resource programs, employee manuals, safety services, and improved communications. And, in many cases, a PEO Canada relationship provides employees with an expanded total compensation package, which may include group retirement savings, health & dental benefits, life, disability insurance and more.
Frequently, a PEO Canada arrangement is the only opportunity for employees of many small businesses to receive comprehensive employee benefits for health insurance, dental, life insurance, retirement savings plans, and additional employee benefits. Without PEO Canada, a small business can neither access nor manage these benefits to the same level as larger companies.
PEO Canada will assist the employer with the initial account registration, claims reporting and management, return to work programs and account administration. PEO Canada will help coordinate and facilitate communication between injured workers’, supervisors and the applicable workers’ compensation board. Communication and timeliness is key to ensuring incidents and claims are managed effectively which in turn helps to minimize costs to employers. PEO Canada works with employers to ensure employees are supported through any situation and are able to return to work as soon as possible.
PEO Canada will provide guidance and recommendations for the application of all earnings, benefits and employment taxes. These will be processed within the guidelines of federal and/or provincial legislation and based on employment agreements and client approved instructions. PEO Canada assumes responsibility for all filing, remittances and year end reporting.