PEO Professional Employer Organization & Staffing Services Solution
What is a PEO?
A professional employer organization (PEO) is an outsourcing firm that provides services to small and medium-sized businesses (SMBs). Typically, PEO offerings include human resource consulting, safety and risk mitigation services, payroll processing, employer payroll tax filing, workers’ compensation insurance, health benefits, employers’ practice and liability insurance (EPLI), retirement vehicles (401(k)), regulatory compliance assistance, workforce management technology, and training and development. In addition, the PEO enters into a contractual co-employment agreement with its clientele. Through co-employment, the PEO becomes the employer of record for tax purposes through filing payroll taxes under its own tax identification numbers.
How Does a PEO Work?
You maintain control over your employees and daily operations while Oakwood becomes a co-employer. Oakwood HR can also help your company manage employee relations issues that may result in litigation risks and potential regulatory penalties. HR is complex, but Oakwood PEO and Oakwood HR make it a lot simpler.
The PEO Enters into a contractual Co-Employment agreement with its clientele.
Why Is Oakwood A Smarter Co-Employment Solution?
1- We will find the talent
Oakwood handles everything once you onboard the new contractor, and we assign a Senior Recruitment team to acquire the best members for your contingent team.
2- We work across the globe
With few exceptions, Oakwood can handle employment solutions across the globe.
3- No Service-Term Agreements
Unlike other co-employment services, you can leave our service at any time without a penalty. We trust you’ll be pleased with our flexibility, responsiveness, and expertise.
4- Safety Program
Your dedicated expert will conduct a safety assessment, develop a program, and provide employee training.
Customized Solutions for Your HR Needs
1- Dedicated Service
Experience the personal support of your HR professional, who is trained to take a proactive interest in your HR operations. Your HR professional will assess your needs, create a customized strategic plan, and then help you implement it.
2- Health Insurance
When your employees are combined with other Oakwood clients, we can leverage our increased buying power for better pricing and coverage options from widely known carriers.
3- Proactive Compliance
Your Oakwood HR professional is highly trained in federal, state, and local labor laws and monitors compliance, and conducts assessments to help you keep up with changing regulations and mitigate risk.
4- Find and Retain Top Talent
Attract and retain high-quality employees by offering top benefits without breaking the bank, including 401(k), HSA, FSA, wellness & discount programs, and more.