What Will My Employees Think of a PEO?
The word “co-employment” occasionally scares business owners. Will I be giving up control of my own workplace? Will points of contact and communication methods change? What will my employees think of a PEO “stepping in”?
These are common concerns and as a business owner you certainly have the right to be concerned! While the term “co-employment” may sound a bit scary, let’s review a few things first!
You do not lose control over your business in a co-employment relationship. You will retain ownership of the company and control over its day to day operations.
On paper, as co-employers, you contractually share or allocate employer responsibilities and liabilities. The PEO will likely take responsibility for administration, payroll, taxes and benefits. Because a PEO may also be responsible for workers compensation insurance, they may want to focus on improving worksite safety and ensuring your company is continually in compliance.
We always recommend strong communication with employees at the beginning of a new PEO/co-employment relationship. It’s not a difficult transition for anyone within the workplace, but clear communication always promotes a positive working environment.
Many employees would never realize there was actually a PEO operating behind the scenes if it wasn’t for their paycheck. Because PEOs take over payroll responsibilities, the checks your employees receive will likely have the PEO’s name on it.
The only other change they will notice is the number of advantages they now have because your company is associated with a PEO. These advantages include: streamlined payroll and claims processing, robust benefits, better communication and even improved job satisfaction through clear expectations, easy-to-read employee handbooks, and the fact that they’ve got experienced professionals on their side to handle employment-related issues.
If all fears are finally aside and you’re now ready to make the switch to a PEO, call Employer Solutions Plus at 727-698-6207. We can also answer any additional questions or concerns that you may have!