Archive for March, 2012

PEO vs ASO vs HRO

March 26th, 2012

Do You Know What You’re Shopping For? 

If you are currently an employer shopping for an employee leasing solution, you may be stumbling across various acronymns within the industry such as PEO, ASO and HRO. While there are many similarities amongst all three, there are many differences, and not every option will be the perfect fit for your company and your employees.

Join us as we demystify these organizations, and help you understand which employee leasing solution or human resources outsourcing solution you may really be searching for:

  • PEO:  A Professional Employer Organization, also known as Employee Leasing, assumes and manages critical HR management and employment-related responsibilities including employee administration, compliance, unemployment and workers compensation claims, risk management, health benefits and payroll. Through this co-employment arrangement, you and the PEO contractually share employer responsibilities and liabilities.
  • ASO: An Administrative Service Organization, or ASO, could be considered HRO (Human Resources Outsourcing) but, ASOs are NOT considered a PEO because they do not operate within a co-employment arrangement, as an employer and a PEO do. There is no sharing of employer responsibilities and liabilities. ASOs can provide payroll processing, administration support and more. They can also provide options for and administer insurance and benefits packages—but these policies are written individually for each group. As a co-employer, PEOs provide clients with access to master policy benefits as a part of their large group.  ASOs simply help administer policies,by managing payroll deductions, providing claims support and reconciling invoices.
  • HRO: Human Resources Outsourcing refers to a variety of human resources companies that help clients offload some part of their administrative responsibilities, whether that be payroll processing or managing benefits.  On the contrary, PEOs provide a vast array of outsourced administrative services to the client, including payroll processing, insurance, employee benefit packages, HR support, and more.

PEO Advantage assists companies in truly defining what they are in need of. Finding the right organization, whether that is a PEO or not, is a lot of work. Some of the do-it-yourself web sites available will automate a few steps, but you will still need an experienced team to find the perfect
fit for your employees.

If you are currently shopping for a PEO, ASO or HRO, or perhaps just need some preliminary guidance in which organization would be the best fit, we would love to hear from you! Please fill out this form and we will get in touch with you shortly.

Say Goodbye to Payroll Processing, and Hello to PEO.

March 20th, 2012

We hear it all the time—“PEOs save businesses time and money,” but if there’s one thing we love most about PEOs, it’s their ability to take away many of the tasks that may be slowing your business down and costing you a bundle—especially payroll processing.

Payroll is just one of the many ways a PEO can save you and your staff time and administrative headaches. Professional Employer Organizations manage and deliver payroll to your employees, in addition to accounting for the necessary Federal, State and Local taxes. This responsibility also includes Social Security, Medicare, Federal Unemployment Tax (FUTA), State Unemployment Insurance (SUI) and any other taxes that are applicable.

As a result, your business will be decreasing its liability, and by outsourcing payroll and other administrative tasks to a PEO, your business may be able to limit the number of employees you have within your office location, further reducing labor costs.  Many PEOs have invested hundreds of thousands of dollars into their Payroll and Human Resource Information Systems (HRIS).  PEO clients enjoy the benefits of having access to industry leading systems such as People Soft, Ultimate Software, HR Pyramid, Davidson, Lawson, and Kronos to name a few.  If you’re considering hiring a staff (or additional staff) to manage payroll in-house, it’s worth a consultation before making any costly decisions.

You’ll also notice that with a PEO, business and processes will become a lot more streamlined.  Expertise and improved technology guarantee on-time and accurate payroll and efficient claims processing. A PEO will also manage vacation and day-off accruals on your behalf.

As previously mentioned, it is worth consulting with an expert if you are looking to streamline or decrease the costs associated with payroll. Not every PEO or payroll outsourcing company is the perfect fit for your company- it depends on your current costs, current needs and company size. Through a series of more than 200 questions that cover everything (including payroll processes), we’ll identify and prioritize your current and future requirements and determine what your most cost-effective alternatives to managing in-house are.

Contact us today to learn more.

Need a North Carolina PEO? Welcome Holly Springs Branch!

March 14th, 2012

PEO Advantage has operated nationwide for years, but now, with its new North Carolina branch in Holly Springs, we’re introducing extremely convenient employee leasing solutions to business owners in the Triangle and Triad areas.

There are more than 800 PEOs across the country, and many of us prefer to support local business by entering an employee leasing agreement with a local PEO. But, even by narrowing down the number of PEOs to “local PEOs”, finding the perfect fit for your company still requires extensive work. Finding the perfect fit can involve a review of more than 200 company attributes, covering everything from payroll process, compensation structure, work comp claims history and documentation to HR compliance, technology and your three-year growth plan.

Collecting estimates on top of your already busy schedule can be time consuming and stressful.  With so many estimates from the many North Carolina PEOs, how will you know which one is priced at the most competitive rate and which exact attributes should you be using to evaluate the different options?

PEO Advantage offers the affordable and effective way to get FREE PEO quotes and find co-employment solutions you can count on. In all of our Plans,
(Basic, Business & Enterprise) we offer access to and review of the PEO Buyer’s Guide. And, with PEO Advantage representatives working right in Holly Springs, solid industry partnerships within the state of North Carolina, 50-plus years of experience, proprietary reverse auction RFP process, and expert negotiation skills, we can consistently save North Carolina clients up to 25% on their employee leasing solutions.

Benefits of Working with a Local PEO/Local Business:

  • Community well-being.
  • Keeping dollars within your local community!
  • Valuable face time with your PEO, which greatly reduces misunderstandings that can happen via email and phone.
  • Local providers are available for ongoing work and consultation.
  • A local provider has a thorough knowledge of your local market.
  • Local references that you can easily contact or may even know already.

Look to the experts in North Carolina employee leasing solutions!  Call the PEO Advantage office at 877-636-9525 or contact us today for a North Carolina PEO quote.