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A professional employer organization(PEO) helps companies outsource their human resourcesrequirements and manages such areas as employee benefits, payroll andworkers' compensation. This lets the client companies maintain their focus onwhat they do best -- run their business. A PEO is different from standard HRconsulting or outsourcing firms, which may provide a limited number ofservices. PEOs should also not beconfused with temp firms, staffing agencies or payroll administrationcompanies. A PEO integrates completelyinto a company's HR framework, providing a comprehensive approach to manage aclient company's day-to-day HR needs and responsibilities. Just like having anin-house HR department, a dedicated team of HR specialists will be on-hand tohandle critical human resource responsibilities and to manage employer riskfactors. The HR team maintains an employer relationship with the clientsemployees and assumes certain employer roles, along with the correspondingrights, responsibilities and risks. The tasks and functions taken onby a capable PEO include recruitment and hiring, managing workers' compensationand benefits, payroll and payroll tax management, and managing compliance withgovernment requirements. The PEO staff can help formulate and implementtraining and development programs, performance management initiatives andpolicies and guidelines for best practices. This separation of responsibilitiesis called "co-employment." Companies that do not yet understand theprinciples and benefits of the co-employment arrangement with a PEO maymistakenly think that they are giving up control of a key area of companyoperations, and may be hesitant to hire a PEO. But as many success storiesamply demonstrate, working with a PEO can actually give the company morecontrol over details that would have otherwise been overlooked.The PEO industry today isexperiencing steady growth as companies across the country realize andappreciate the value and benefits PEOs offer. These advantages include the following:* Companies get to offloademployment administration and get to focus instead on their core competenciesand revenue generating activities. * Clients have access to a teamof HR experts who can offer a wealth of solutions, boosting their ability tomanage their employees. Having this expertise often translates into higherlevels of efficiency and productivity for the company. * By having someone monitoremployment practices, government compliance, and risk management, companiesminimize their liabilities. The PEO also shares in employer related risks,further reducing the company's employer liabilities. * With someone looking afteremployment benefits for them, companies can become better places to work inbecome competitive in the labor market. Client companies can attract highquality workers and improve their workforce. * A company that partners with amuch larger PEO also gains the purchasing power of the PEO, allowing them toenjoy the same discounts and savings as the bigger company. Commercial Resources, Inc.(CRI) of Iowa is at the forefront of the PEO industry. Offering a wide range ofservices, CRI helps companies establish a solid business foundation byeffectively integrating systems in all areas of a company's operations. CRItransforms its expertise in regulatory compliance, technology adoption andsocial trends into tangible benefits to its clients. CRI's services spanaccounting and bookkeeping, human resource management, financials and webdevelopment.
Professional,Employer,Organiza