PEO Professional Employer Organization & Staffing Services Solution
What is a PEO?
A professional employer organization (PEO) is an outsourcing firm which provides services to small and medium sized businesses (SMBs). Typically, the PEO offering may 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. 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, joining your people with the employees of other Oakwood clients to gain efficiencies of scale. Oakwood HR can also help your company manage employee relations issues that may result in litigation risks and potential regulatory penalties. HR may be complex, but Oakwood PEO and Oakwood HR makes it a lot simpler
The PEO Enters into a contractual Co-Employment agreement with its clientele.
Why Oakwood is a smarter Co-Employment Solution
1- We will find the talent
Not only does Oakwood handle everything once you onboard the new Contractor, but Oakwood goes one step further and will 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 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 trainings.
Customized Solutions for Your HR Needs
1- Dedicated Service
Receive the personal support of your own 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
Highly trained in federal, state, and local labor laws, your Oakwood HR professional 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 and discount programs, and more.