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We offer many services to help you navigate the Human Resources Department of your growing business. Here are many of the services available to you when you partner with Ahead Human Resources PEO:
Payroll, benefits, HR, tax administration, and regulatory compliance assistance are some of the many services PEOs provide to businesses across the country. Companies that work with a PEO experience faster growth, have lower employee turnover and are 50% less likely to go out of business. The professionals at Ahead HR are here to help with these concerns and to allow you to focus on growing your business while we keep your HR Department to standard.
Ready to learn more? Reach out to us today to schedule your consultation.
A Professional Employer Organization (PEO) is a company which contractually assumes and manages critical human resource and personnel responsibilities and employer risks for small to mid-sized businesses by establishing and maintaining an employer relationship with worksite employees.
In the relationship between a PEO, a worksite employee, and a client company, there exists a co-employment relationship in which both the PEO and the client company have an employment relationship with the worker. The PEO and client company contractually allocate traditional employer responsibilities and liabilities. The PEO assumes responsibility and liability for the “business of employment” such as human resource compliance, and payroll and employee tax compliance. The client company manages the employees, and all other facets of its business, such as production, marketing, sales, and service. The PEO assists the client in developing a complete human resource and employee benefit package.
Business owners want, and need, to focus their time and energy on the “business of their business” and not on the “business of employment”. As businesses grow, owners don’t have the necessary human resource training; payroll and accounting skills; knowledge of regulatory compliance; or backgrounds in risk management, insurance and employee benefit programs to meet the demands of being an employer.
It is estimated PEOs provide services to 173,000 small and mid-sized businesses, employing 4 million people. There are 487 PEOs in the United States. The total employment represented by the PEO Industry is roughly the same as the combined number of employees for Walmart (U.S. only), Amazon, Kroger, and Home Depot. The PEO industry's 173,000 clients represent 15% of all employers with 10 to 99 employees.
Reference: 2022-NAPEO-PEO-Fact-Sheet
By providing services like low cost comprehensive benefit plans. By increasing employees’ take home pay through pre-tax cafeteria 125 plan, pre-tax dependent care plan, and tax deferred 401K plan. More importantly, employees appreciate the professionally administered, employee-friendly, service and assistance programs, employee payroll services, and conveniences such as direct deposit, employee manuals, etc.
According to a recent study by noted economists Laurie Bassi and Dan McMurrer, small businesses that use PEOs grow 7 to 9 percent faster, have 10 to 14 percent lower employee turnover, and are 50 percent less likely to go out of business. (Why use a PEO – NAPEO.org)
Yes! Not only can your employees take home more pay at no cost to you, incredibly your cost will be lower as well. The 125 Plan allows employees to purchase health, dental, dependent care, life, and supplemental benefits pre-tax (Federal and State). Additionally, neither the employee nor the employer pay FICA or FUTA on 125 Plan purchases. Not only do the employees increase their take home pay, the employer saves 8.45% on FICA and FUTA on those contributions. The 401K Plan allows employees to defer taxes (Federal and State) in a qualified retirement plan.
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At AHEAD Human Resources and Staffing we partner with companies that result in saving them time, money and hassles.
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