WHAT IS A PEO?
The choice for growing companies.
THE PEO DIFFERENCE
Over the last two decades, this nation has seen a significant increase in employment-related federal, state, and local laws and regulations, as well as other fundamental changes in human resources management. As the challenges increase, the expertise required to manage the HR activities for many businesses has outgrown the experience and training of the entrepreneurs who started these businesses.
Working Americans are demanding comprehensive, affordable healthcare, retirement savings plans, and other employee benefits for themselves and their families. Professional Employer Organizations (PEOs) can assume the responsibilities of human resources management, including employee benefits administration.
Companies that use PEOs have seen a wide range of positive effects. In fact, according to research conducted by an independent economist on the PEO industry and commissioned by the National Association of Professional Employer Organizations:
- 70% report revenue has increased since they started using a PEO
- Annual median revenue growth for PEO users was more than double that of comparable businesses not using a PEO
- 66% report their profitability has increased since becoming a PEO client
- 98% of business owners who use a PEO would recommend one to a colleague
EMPLOYEE BENEFITS THROUGH A PEO
In addition to providing important services to their business clients, Fortem HR offers substantial advantages to worksite employees. In many cases, these employees would not be provided the number, or quality, of benefits that Fortem HR can offer. These benefits include health insurance, retirement savings plans, disability insurance, life insurance, vision care, dental insurance, entertainment discounts and more.
For many businesses, establishing and administering this range of plans would be prohibitive. However, due to economies of scale, Fortem HR can sponsor and offer these plans at an affordable cost.
WHAT FORTEM HR DOES FOR YOU
- Provides workers’ compensation insurance for employees
- Pays wages and employment taxes of the employee out of its own accounts
- Reports, collects, and deposits employment taxes with state and federal authorities
- Provides access to benefits like healthcare, dental, vision, and 401(k)
- And more!
CONTACT US
If you would like to learn more about us and what we can do for you, please reach out to info@fortemhr.com or click below. We’d love to hear from you.