PEO:A Business Owners

Secret Weapon

Layne Davlin – Einstein HRCEO, Business Owner & PEO EnthusiastNAPEO Leadership Council Chair770-962-1700www.EinsteinHR.com

The PEO Q: What is a PEO, and why should I

use one? A: Here's all you need to know: A

Professional Employer Organization (PEO) is one of the best-kept secrets of many successful small businesses. Essentially, these bodies handle all your HR needs, including payroll and administration, employee health and retirement benefits, workers' compensation insurance, state and federal compliance issues and even worker training.

PEO’s Provide Leverage PEOs provide you insurance and benefit plans at a significant savings PEOs are experienced professionals in HR, benefits, payroll, risk

management and other aspects of employee administration so you do not have to be.

The PEO will provide HR manuals for your employees, and the policies and procedures will be maintained in compliance with ever-changing state and federal laws and regulations, keeping you legal and up to date daily.  

A PEO will help with employment-related regulatory compliance (ADA, payroll, OSHA, EEOC, etc.), a huge advantage that can be worth more to your business than the money saved on benefits costs.

The PEO provides effective management and access to payroll records, benefits, personnel data, vacation and sick-time accruals and specialized reports.

If you have an HR-related employee claim, such as a discrimination allegation, a PEO will know what to do and will take the lead on managing the claim process as well as will represent you in unemployment claims.

"A recent study by a economic research firm showed that small businesses using a PEO grew almost 10 percent faster than small businesses not using a PEO.”- McBassi & Co.

What would a 10% growth in your business mean to you ?

Food For Thought

ACA, Health Care

& Benefits

PEOs are able to leverage their buying power and offer dozens of plans to each of its clients.

Ordinarily the savings on group health and benefit plans alone will outweigh any costs of hiring a PEO to tackle these duties.

Einstein HR provides easy ACA reporting: Identifying "large" employers Determining which employees

are eligible for benefits Performing affordability

calculations (the 9.5% test) Identifying full-time

equivalent (FTE) employees Calculate age banded policies

for family rated plans Health care tax credit

eligibility

The Affordable Care Act (ACA) has placed new

requirements on employers, many of

which require advanced reporting and calculations.

Compliance

PEOs provide compliance to state and federal regulations.

These include ADA, EEO, HIPPA, OSHA, ADEA, Tax Compliance, FLSA, EPA, NLRA, MHPA (just to name a few).

State and federal laws change so frequently, it takes a full time committed individual to keep a business compliant. Most small businesses owners cannot afford a dedicated individual, making a PEO the perfect solution.

“The cost of noncompliance for one employee has the power to take

out six or more months of a small

businesses’ revenue”.

"If you plan to compete with larger companies, retain top talent and protect your assets, you need to offer competitive benefits." Based on your current offerings…. would you work for your own business ?

Food For Thought

Payroll

Einstein HR offers one of the most cost competitive & comprehensive payroll solutions on the market.

Web based Payroll Services, Onsite Payroll Software, EinsteinHR Connection, Employee Self Self Service @ EinsteinHR Online = Worry Free Payroll Administration.

Document attendance, salaries, PTO, vacation, W-2’s, training, new hire reporting, direct deposit & top rated customer service for employee questions .

A recent study by PricewaterhouseCo

opers in 2014, showed small to

mid-size businesses spend an average

of $2,000 per employee per year to handle payroll,

workforce administration,

time & attendance, and health &

welfare.

A conservative estimate is that PEO clients enjoy a 21 percent savings on HR administration. - Bersin & Associates If you were saving 21% in administration costs, where else could you use that money ?

Food For Thought

Human Resources

Human Resources includes a morass of laws, regulations and requirements. Many that might keep you up at night as a business owner.

One improperly filed or unsigned I-9, employee handbook, policy on harassment, discrimination or employment agreement, will cost a business if an employee chooses to retaliate or make claim.

Losing just one claim dispute can cost thousands of dollars, which can be devastating to many businesses. A PEO protects you.

According to a recent Small

Business Association study, the average small business owner

spends up to 25% of his or her time

handling employee-related paperwork.

Risk Mitigation PEOs share the liability

of legal compliance. The PEO assumes

responsibility for payroll, tax administration, risk management, legal compliance and workers compensation.

PEOs offer Pay-As-You-Go options, a reduction in audits & fixed rates in a volatile market.

Elimination of large upfront costs associated with Worker’s Compensation

"Instead of pecking themselves to death trying to

figure out how to comply with all the state and federal regulations, PEOs

help business owners get ahead on the legal issues such as tax credits, workers comp and

insurance, and focus on what they

do best."

Who is Einstein HR ?

We Are Voted Best in Customer Service For 5 consecutive years by Best of Gwinnett

Nominated in 2014 for The Pinnacle Small Business Award

Awarded in 2014 Atlanta’s 7th Fastest Growing Company by The Atlanta Business Chronicle

Layne DavlinEinstein HRNAPEO Leadership Council Chair770-962-1700770-962-1708 Faxwww.EinsteinHR.com