The services of a PEO come under four basic headings. These are:
- Payroll. Mainly this involves keeping track of employee work time, deducting federal and state taxes, and issuing checks.
- Human Resources Compliance. Ensuring that all of your employee procedures comply with federal and state laws, including race or gender discrimination laws.
- Benefits Administration. This can include things such as health benefits, vacation, sick leave, and retirement.
- Risk Management. A vital area that has to do with insurance, primarily workers’ compensation insurance.