Risk Management One Benefit Of Working With A PEO

The obvious benefit of partnering with a Professional Employer Organization (PEO) is the ability to offer top-notch benefits to employees. A less well known benefit of working with a PEO is that the PEO takes over risk management. The PEO becomes responsible for local, state and federal compliance with various laws and regulations. The ever complicated process of compliance can be handled entirely by the PEO allowing business owners to focus on income producing strategies.

Twenty Years Later Professional Employers Organizations More Popular Than Ever

Employee leasing became an industry as a result of TEFRA tax legislation in the 1970's. The tax-advantage of working with an employee leasing company became ever more attractive when businesses realized they can outsource all of their Human Resources functions while offering employees a myriad of benefits previously thought to be too expensive.

The industry association, the National Association of Professional Employer Organizations (NAPEO), celebrated the anniversary during their annual conference held September 20-22, 2007. NAPEO encourages members to offer a truly collaborative partnership with clients that goes far beyond simply offering benefits to employees.

Outsourcing has become a popular trend among businesses who look to consolidate business functions while saving money. This growing acceptance of outsourcing has helped the PEO industry to grow at a rapid pace. An important change during the past twenty years is that many states are regulating and licensing PEOs with some states even requiring that PEOs be bonded. These changes have made the industry more stable and more attractive to employers of all sizes.

To discover how you can partner with a PEO visit http://www.peo-quote.com