XcelHR’s workforce management services administer day-to-day employee related matters like payroll, health benefits, workers’ compensation, tax compliance, and unemployment claims. We work with you to build a solution that fits your business’s needs. Our comprehensive human capital management solution is based off the PEO model.
What is a PEO?
A Professional Employer Organization (PEO) manages all of the moving parts of your business associated with employee management, including payroll, benefits administration, human resources, workers’ compensation, compliance, and 401k administration. Essentially, a PEO brings all of these processes (and vendors) under one roof, helping business owners better manage their employees and their businesses.
How does a PEO relationship work?
PEOs and business owners share responsibility and liability for the business’s employees, this is called co-employment or employee leasing. The PEO technically becomes the employer of record, allowing the PEO to file payroll taxes on behalf of the business owner.
What are the benefits of using a PEO?
What does a PEO not do?
PEOs do not take control away from business owners. Business owners remain in charge of all hiring and firing decisions and daily business operations, while the PEO assumes responsibility for administrative tasks.