Full-Service HR

Reduce Risk with a PEO

Ella Baker
Reduce Risk with a PEO
Reading time 4 Mins
Published on Jul 1
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As any owner of a small or mid-size business will tell you, the demands on your attention are constant and your time is very limited. When it comes to managing the risks of owning a business, working with a professional employment organization (PEO) gives you the time to focus on your business instead of employment rules, regulations, and paperwork. Through the co-employment relationship, your PEO partner becomes the employer of record for your employees, while you retain control of your business operations and daily management of employees. By taking on many of the time-consuming tasks of employment and sharing the risks of employment, working with a PEO allows you to focus on growing and meeting your business goals.

Payroll and taxes

When you work with a PEO partner like Sheakley, you can be sure that your payroll administration will be handled by experts. Lapses or errors in payroll processing and tax payments can be costly – resulting in fines or lawsuits – but learning all of the regulations that govern payroll can be extremely time-consuming and frustrating for your staff. When you work with Sheakley, we take on the liability for payroll activities, ensuring that your payroll-related tasks are handled by professionals with full knowledge of local, state, and federal laws. For more information, read Money Matters: PEO Payroll Services.

Benefits outsourcing

Professional employment organizations utilize the collective bargaining power of the 3.4 million employees they represent to negotiate Fortune 500 level benefits for small and mid-size companies. The costs associated with offering health insurance, dental and vision benefits, life insurance, and retirement benefits are prohibitive for many business owners.

With a growing number of employees viewing healthcare benefits as standard, the importance of providing these coverages is becoming increasingly more important in attracting and retaining top talent. By entering into a PEO co-employment arrangement with Sheakley, you can provide your employees with affordable, high quality benefits.

In addition, Sheakley’s PEO team administers your benefits plan. Sheakley makes it our business to ensure that your employees are informed of the benefits available to them, reducing your benefits costs, and keeping your company compliant with government health care laws. Are you offering the right benefits packages to your employees? Check out Selecting the Best Benefits for Your Organization to learn more.

HR Compliance

Unlike consultants or payroll providers, Sheakley provides access to comprehensive training and education opportunities for employers and their employees throughout the year. Covering a wide variety of topics, these training opportunities are conducted across a variety of platforms, including webinars, in-person, and lunch ‘n learn settings.

Additionally, Sheakley’s team of experts issue updates on any policy or regulation changes that may impact your business and employees as these amendments are announced. With in-depth knowledge of compliance issues, Sheakley’s PEO team can guide you through the complicated world of ACA, OSHA, FMLA, ADA and other state and local laws and regulations. Unlike a human resources advisor or consultant, the co-employment relationship between Sheakley and client companies gives Sheakley skin in the game when it comes to keeping you compliant.

With more than 115 years of combined HR management experience, Sheakley’s dedicated staff offers an unparalleled approach to guide you through the complicated world of human resources with confidence and support. Read Human Resources Compliance Checklist for more information on how your PEO can help keep your company compliant with HR laws.

EPLI

While exercising due diligence to mitigate the potential for employment-related claims, Sheakley’s PEO professionals also take shared liability very seriously. Employment-related claims can include:

  • Discrimination
  • Harassment
  • Retaliation
  • Violation of FMLA
  • Wrongful termination
  • Wrongful discipline
  • Wrongful failure to promote

If the situation should arise, Sheakley is prepared to protect the collective interests of the employer and the company with a $3 million EPLI policy.

We let you focus on your business

Accredited by Employer Services Assurance Corporation (ESAC) and Certification Institute, Sheakley’s 120 years of combined PEO experience and expertise are unrivaled in the industry. As your company continues to grow and become subject to more stringent labor laws, Sheakley’s PEO services allow you to reduce risks and stay focused on the daily demands of your business.

Schedule your free consultation with a Sheakley PEO professional today. Stay up-to-date on all things Sheakley by subscribing to our blog and following us on social media. Join in the discussion by commenting below.


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