In today's world of constantly changing employment regulations, businesses and business owners need assistance with increasingly complex issues such as managing health benefits,retirement plans, workers' compensation claims, human resources, employee relations, payroll and payroll tax compliance. Business owners often find it overwhelming and expensive to either keep up with regulations on their own or to hire the experts they need to keep their company compliant and running smoothly.
For this reason, an increasing number of business owners, boards of directors and non-profit organizations are partnering with a PEO. It just makes sense.
PEOs like Merit Resources provide the expertise and experience that small to medium-sized businesses need to effectively manage Human Resource functions and risks that are inherit in operating any business.
Your PEO helps your business succeed by providing:
- Improved employment practices, compliance and risk management to reduce liabilities.
- Professionally trained employment teams who know the latest laws and requirements.
- Access to comprehensive benefits packages, allowing your company to be competitive in the labor market.
- Relief from the burden of employment administration.
Your PEO delivers integrated services through establishing and maintaining a relationship, called co-employment, with employees at your worksite and by contractually assuming certain administrative and legal functions, employer rights, responsibilities and risk.
Many companies are realizing the benefits of partnering with an organization like Merit Resources. The National Association of Professional Employer Organizations (NAPEO) estimates that about 700 PEOs operate today in every state, covering 2-3 million Americans. The Department of Labor Statistics predicts that by 2020, PEOs will be responsible for half of all U.S. employees.
Learn more about Merit Resources and how we can help your organization increase profitability!
Definition provided courtesy of the National Association of Professional Employer Organizations - NAPEO.
