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Do You Understand the 7 Key HR Functions in PEOs and ASOs?

Posted by: on April 6, 2016 in PEO

shutterstock_379007665 As a business owner, you are managing day to day administration tasks while closing new sales and accommodating your clients’ needs. Why juggle so many responsibilities when you could focus your time building your company brand? Instead of dealing with government regulations and employee management, look into a professional administrative organization to cut your HR costs. Imagine giving yourself more time to focus on your business by your human resources. We’ve taken the time to break down the top tier services of many HR Outsourcing firms (ASO and PEO) so you can understand the differences and make the best decision for your company.  
What is offered in… PEO (Professional Employment Organization) ASO (Administrative Services Organization)
Partnership •HR professionals develop a co-employer relationship with your company and file under the same tax codes •Joint ownership that involves HR firm to create handbook guidelines and benefit plans •You will file taxes under own company’s identification number •HR firm allows a balance between your control over your company while relinquishing HR functions to professionals
Payroll •You can entrust the HR company to process these tasks •Your team will manage this service under your own tax codes  
Employee Benefits •HR firm administers all inclusive HR tasks like pension plans, individual retirement accounts (IRAs), vacation time, sick time, and more
  • • HR firms may offer supplementary assistance for your company
  • • Your company has the option to be a part of the HR firm’s benefits program
Health Insurance • You and your team are included in PEO’s plans which has 401k and/or medical/dental plans • Opt in or out of the HR firm’s health insurance for a premium/fee
Workers’ Compensation •You and your team are covered in the PEO’s plans •HR firm arranges this for you and your team
Risk Management •HR firm will ensure your company stays within compliance laws and regulations •Your company can provide or this can be covered for additional charge under HR firm  
Onboarding •HR firm integrates your employees and give advice on how to retain employees for efficiency
  • • Advice on this service can be obtained from HR firm or handled within own company
Emplicity offers the services listed above and is available to address any questions or concerns you may have. Reach out to us at 877-476-2339 to request more information on human resources, benefits management, and other facets of your business. You can also visit our services breakdown for a more detailed explanation. We provide services in California – Orange County, Los Angeles, and the greater Sacramento and San Francisco area.