Payroll Service Company in Alaska
Payroll Can Be A Very Complicated Aspect Of Your Business. Our Alaska Payroll Professionals Are There To Provide The Assurance, Expertise And Flexibility You Require. Experience And Track Record Count When Choosing Your Payroll Provider. Pay Pros Alaska Has Processed Millions Of Dollars In Payroll For Businesses Of All Sizes And Handled Hundreds Of Thousands Of Employees’ Benefits, Liabilities And Taxes, All Without A Single Penalty. Where Experience Matters Most, Pay Pros Alaska Is Your Top Choice For Payroll Processing In Utah!
PEO Firm. So much more than Payroll!
Pay Pros Alaska Is A Complete HR Outsourcing Service / PEO Firm. Find Out More About How Our PEO Services Can Benefit Your Business And Save You Time And Money!
A PEO, such as Pay Pros Alaska, is so much more than Payroll outsourcing. Professional Employer Organizations (PEOs) provides employee management outsourcing such as employee benefits, tax liability, payroll, benefits, workers’ compensation, recruiting, risk/safety management, regulatory compliance, training and development and more.
By hiring a PEO, business owner’s are essentially free from all legal employee management related responsibilities. Business owners continue to direct the employees’ day-to-day work related activities, but a PEO essentially hires a business’s employees, thus becoming their employer of record for tax purposes and insurance purposes. This practice is known as co-employment, which means the PEO contractually shares certain employer responsibilities with the company.
It is most often the small to mid-sized businesses who find a PEO crucial to their business. This is because small business owners can only manage a few employees themselves before the legal responsibilities and liabilities become unmanageable and unrealistic without the help of an administrative assistant or an in house HR representative (which is not typically where businesses want to spend their meager budgets).
Another reason PEOs bring such value to businesses is that PEOs can offer lower rates for employee benefits; rates typically very high for smaller employee pools. These include insurance coverage, retirement plans, and any other employee benefits a business may want to offer. This is due to the fact that a PEO is not just negotiating for your small pool of employees, but for all their client’s employees together; resulting in a larger pool of employees for much lower costs.
Once a business does grow beyond small to mid-sized, an in-house HR department begins to make more sense for some businesses as far as costs are concerned. But it is very common for even large scale businesses to remain with their PEO well past the 200+ employee mark, sometimes for the security and legal risk liability assurance alone which a PEO offers.
5 Big Reasons For Joining a PEO
Access to comprehensive and affordable benefits.
With a PEO, you are part of a larger pool of employees, resulting in you saving money and your employees gaining access to a wide variety of benefits, such as:
Relief from Payroll and HR administration overload
Hand off your daily HR duties – administering benefits, managing employee paperwork, processing payroll and tax reporting – to a group that specializes in HR.
Ongoing government compliance assistance
It’s your PEO’s job to constantly monitor changes to state and federal labor laws that could affect your business as well as advise you on what actions you need to take to comply.
Worker’s compensation coverage and claim resolution
Specialists will guide you through the process surrounding work-related injuries, including monitoring claims and assisting injured workers’ return to work.
A seasoned team of HR professionals
Whether your employees are feuding, or you need an EEOC claim investigation expert, PEOs employ knowledgeable professionals who can manage sensitive employee-related issues.