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PEO is an acronym for Professional Employer Organization. Businesses outsource all employee-related functions to a PEO, including human resource services, employee benefits and payroll administration. PEOs are based on the concept of "co-employment." The PEO and its client business sign a co-employment agreement, dividing duties for administering and managing employees. The PEO becomes the "Administrative Employer" while the client remains in charge of running the business as the "Worksite Employer."
The PEO industry is growing rapidly (about 30% annually). The compelling benefits of time, money and peace of mind keep business owners loyal to the PEO concept. Nearly all employers who contract with a PEO stay with PEOs.
Not all PEOs are created equal. Tandem clients benefit from full-service Human Resource, benefits and payroll administration departments, Fortune 500-type benefits and a proactive approach to Human Resource management. Our goal is to create an ideal, benefit-rich work environment to attract the best employees for your company.
We provide these service for our clients:
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| Human Resources |
Benefits |
- Customize employee handbooks/policy development
- Consult on legal compliance and other employee related issues
- Customize training and safety programs
- Performance management, compensation and incentive plan design
- Recruitment
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- Pool clients to maximize benefits packages
- Provide smaller firms with Fortune 500-type benefits like medical, dental, life, STD, LTD, retirement plans, flexible spending accounts and much more
- Orient and enroll new employees to benefits plan
- Field employee benefits questions
- Represent employee interest with claim issues
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| Payroll |
Worker's Comp |
- Produce paychecks and W-2's
- File taxes/returns
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- Generally lower clients' Workers' Comp rate
- Stabilize cash flow, eliminating large insurance payments
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| Unemployment |
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- Fight claims
- Provide guidance on discharge methods
- Minimize unemployment liability
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