Human Resources

Five reasons why Professional Employer Organizations have evolved to become the business solution you might really need.

Payroll Solutions
Staff Leasing Companies now referred to as PEO's or Professional Employer Organizations bring sophisticated web payroll systems into place streamlining your entire payroll process.
Depending on the size of your organization and or your specific accounting needs, you might find a better solution with a quality PEO. They might help offset any additional set up fees for more sophisticated time clock or software packages. So, look into a PEO before going it alone.
All payroll administration is handled by the PEO. You pay as you go and the PEO takes care of quarterly reporting. Once you have partnered with a PEO, you operate off their low SUTA rate, which is factored into the fee they charge for outsourcing services.
Direct Deposit or ATM pay cards are suggested as an alternative to paper payroll checks.

Budget Solutions
With the pay as you go method of payroll, you are paying your employees, employment taxes and workers' compensation insurance each time you cut pay. No quarterly payments will come due as the PEO is responsible for employment taxes. No longer will your run the risk of penalties should the payments be made late. In addition, no upfront premiums for workers' compensation and no end of the year audit asking for more money.
If profits are running low due to a slower work season, you won't be hit with quarterly payments or large workers' comp premium payments... no financial juggling.

Workers' Compensation Insurance
Employers have a legal responsibility to their employees to make the workplace safe, however accidents happen. To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees injured in workplace accidents, in almost every state, businesses are required to have workers' compensation insurance. Workers' compensation insurance covers workers injured on the job, whether they are hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses. Which of these three categories regarding workers' compensation do you fall in? 1) Un-insured or what's called self-insured - If your business falls into this category you don't have the protection of exclusive remedy. 2) Insured - With just a few exceptions, the workers' right of recovery against the employer is limited to the benefits provided by the Workers' Compensation Act. This is called exclusive remedy. 3) Certified Self-Insured - This can provide the very best coverage. If a company can provide proof of financial security, a long-term commitment and financial guarantee this type of coverage can offer the best solution. A company that's certified self insured with local claims management could offer a better solution. Headquartered in Corpus Christi, Unique is the only PEO in Texas that offers this category of workers' compensation insurance protection.

Keep going, it gets better! Asset Protection
Risk mitigation is the best when you have appropriate workplace policies in place. If you are going it alone you need to ensure state and federal compliance. Employment laws change frequently; call for information on what laws apply to a company your size and how to meet required compliance mandates.
A PEO supplies you with employee manuals (tailored for your specific company), job descriptions, multiple asset protecting HR solutions, workers' compensation insurance with claims management, and unemployment claims management.
Are you running a big risk? A strategically designed plan that is structured effectively will prevent losses and reduce the cost of losses that do happen while creating a safer environment for your employees. A quality PEO program will assist in driving change in areas that will enhance business performance and assure continuity of business operations.

Freedom
A PEO provides you with the freedom to execute your day-to-day business plan without all the HR worries. You can rest assured knowing all the bases are covered, that you are legally compliant, and that you are not afflicted from a myopic view of your business due to wrong or insufficient data supplied to you by employees not professionally trained for handling HR matters.

For a closer look at the PEO industry and to see if it's right for you and your business call or email Connie Laughlin for more information. Connie can be reached at (361) 852-6392 or at conniel@uniquehr.com.