Why PEO’s Help in an Uncertain Employment Environment 2

By: Anthony Kelly
  
Jobs Employment, Career Job, Employment Job

PEOs work with small businesses as the co-employer of each employee, allowing PEO’s to become the employers of record in the state. PEO's can also calculate the state unemployment rate due for the business, in addition to filing and paying the taxes for you. If you have grown your business across state lines, this process is an extremely valuable time saver for you. Finally, and even more so in an uncertain employment job environment, PEO’s may actually use their own experience rating. This can help as you may have to decrease your costs, but it will not affect the rate you pay through the PEO’s agreement.

Effectively, the PEOs offer you a rate that is less than your current rate, while they may be paying something less than that. Consequently, you immediately save money with a lower rate, and the PEOs sharing responsibility of experience won’t necessarily get socked with a huge SUTA increase during a time of downsizing. The PEO’s responsibilities vary from state to state, however the PEO’s advisors can help you understand just how they can assist, whether it’s time savings, money or both.
Anthony Kelly is a frequent contributor to PEOcompare.com and has experience working for small businesses and employee leasing companies since 1997. He frequently writes about compliance, HR, technology, and other issues affecting the small business owner. He can be reached at a.kelly@peocompare.com. For this original article visit
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