Hallmark
- Thread starter somarco
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EmpRx
New Member
As with insurance agents, brokers and carriers - there are good and bad employee leasing companies and professional employer organizations.
Unfortunately, AM Best or S&P have no ratings on the financial or operational capabilities of individual PEO's.
There ARE several good and a few great PEO's that operate across the country. The trick is finding the "right" fit.
Performing a proper needs analysis will help you to identify which type of employee leasing company or PEO is best suited to help your client.
Unfortunately, AM Best or S&P have no ratings on the financial or operational capabilities of individual PEO's.
There ARE several good and a few great PEO's that operate across the country. The trick is finding the "right" fit.
Performing a proper needs analysis will help you to identify which type of employee leasing company or PEO is best suited to help your client.
- 7,790
Bob, whenever I send greeting cards, I always send Hallmark!
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- 7,790
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Me: What is the smallest size group do you think can justify hiring a PEO? (Cost-effectively)
Really? Cost effectively? (I am not asking the legal minimum)
Really? Cost effectively? (I am not asking the legal minimum)
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- #10
PEO's have their own minimum. Some will have a minimum 5 lives while others will go lower.
PEO's offer a multitude of services, not just group health. Their primary function is payroll but they also create a legal barrier between the (former) employee and employer to minimize employer liability. Many include EPLI in their package. PEO's handle the legal requirements (state & federal) of employee management. Many will offer WC and group life, medical, dental, disability.
There is a fair amount of abuse and mismanagement on the insurance risk side and many PEO's have lost access to WC and other insurance products. When working with a PEO make sure you understand what they offer and how it integrates with the employer.
PEO's offer a multitude of services, not just group health. Their primary function is payroll but they also create a legal barrier between the (former) employee and employer to minimize employer liability. Many include EPLI in their package. PEO's handle the legal requirements (state & federal) of employee management. Many will offer WC and group life, medical, dental, disability.
There is a fair amount of abuse and mismanagement on the insurance risk side and many PEO's have lost access to WC and other insurance products. When working with a PEO make sure you understand what they offer and how it integrates with the employer.
