HOW CAN MY BUSINESS
BENEFIT FROM PARTNERING
WITH A PEO COMPANY?
Working with a Professional Employer Organization (PEO) brings expert value to your business in the areas of Human Resources, Payroll, Employee Benefits, and Risk Management. Diamond PEO takes on the administrative aspects for you, which allows you to:
LOWER EXPENSES AND
Outsourcing your Human Resource tasks, benefits your business in many ways. Since we work with so many businesses, we qualify for very low rates. Our buying power allows us to pass those savings on to you. You’ll also save since we’ll be doing the work that otherwise you’d be paying wages and benefits for an in-house HR staff to do. Ongoing training to keep you HR staff aware of the most recent government employment, workers compensation, and insurance related mandates and laws is another expense you can avoid by outsourcing your HR services to Diamond PEO. Instead, we pay for the ongoing training necessary to keep our professionals highly-qualified to serve you and all of our clients.
WE LET YOU FOCUS ON
Productivity improvements for business owners and managers can be essential components in your strategy to improve the bottom line. By removing time-consuming administrative tasks, you and your managers can spend more time on what counts: managing and growing your business. Ultimately, this is why your business exists! You can trust Diamond PEO to provide the expertise, peace of mind, and professionalism that your company deserves.
PEACE OF MIND
Diamond PEO is a trusted partner in the business world. We help support and protect your business with guidance on legal compliance and administration, including navigating Healthcare Reform (Affordable Care Act). We also bear full liability for workers compensation and we manage the risks, safety support, training and claims processing services. Diamond PEO specializes in the laws of human resources and employee benefits.
BECOME AN EMPLOYER
When you partner with Diamond PEO, your business can cost-effectively access similar benefits offered by many Fortune 500 companies. By providing world-class benefits programs, your business can attract and retain quality employees, and have the potential to become a top-ranked employer.
FREQUENTLY ASKED QUESTIONS
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ABOUT THE PEO INDUSTRY.
WHAT IS A PEO?
Professional employer organizations (PEOs) provide human resource services for their small business clients—paying wages and taxes and often assisting with compliance to a myriad of state and federal rules and regulations. In addition, many PEOs also provide workers with access to 401(k) plans, health, dental and life insurance, dependent care, and other benefits not typically provided by small businesses. In doing so, they enable clients to cost-effectively outsource the management of human resources, employee benefits, payroll and workers’ compensation. Professional employer organizations (PEOs) make it possible for their clients to focus on core competencies so they can effectively maintain and grow their bottom line.
WHY WOULD A BUSINESS USE A PEO?
Business owners want to focus their time and energy on the “business of their business” and not on the “business of employment.” As businesses grow, most owners do not have the necessary human resource training, payroll and accounting skills, the knowledge of regulatory compliance, or the backgrounds in risk management, insurance and employee benefit programs to meet the demands of being an employer. PEOs give small-group markets access to many benefits and employment amenities they would not have otherwise.
HOW DO PEOS HELP THEIR CLIENTS CONTROL COSTS AND GROW THEIR BOTTOM LINE?
A PEO’s economy of scale enables each client company to lower employment costs and increase the business’s bottom line. The client can maintain a simple in-house HR infrastructure or none at all by relying on the PEO. The client also can reduce hiring overhead. The professionals at the PEO can provide critical assistance with employer compliance, which helps protect the client against liability. In many cases, the client can pay a small up-front cost for a significant technology and service infrastructure or platform provided by the PEO. In addition, the PEO provides time savings by handling routine and redundant tasks for its clients. This enables the business owner to focus on the company’s core competency and grow its bottom line.
HOW DO EMPLOYEES BENEFIT FROM A PEO ARRANGEMENT?
Through a PEO, the employees of small businesses gain access to big-business employee benefits such as: 401(k) plans; health, dental, life, and other insurance; dependent care; and other benefits they might not typically receive as employees of a small company. And, when a company works with a PEO, job security is improved as the PEO implements efficiencies to lower employment costs. Job satisfaction and productivity increase when employees are provided with professional human resource services, enhanced benefits, training, employee manuals, safety services and improved communications.
HOW MANY BUSINESSES USE A PEO?
PEOs provide services to between 156,000 and 180,000 small and mid-size businesses, employing between 2.7 and 3.4 million people.