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Case Study on HR Support Services for PEOs

Overview

The concept behind a Professional Employer Organization (PEO) is co-employment, where two employers, the business and the "PEO" co-employ the individuals who work for the business. The PEO typically handles the administration side of employment, providing paperwork, establishing and maintaining employee files, processing payroll, filing payroll taxes, developing employee handbooks, benefit administration, workers compensation management, compliance assistance and human resource support. A PEO serves as an offsite HR department.

Client

PEO firm - Idaho

Client's Challenges

Handling lot of paperwork
TAT
Managing peak load

O2I's Back Office Services Provided

New hires - Going through all the paperwork including forms like I9, employee undertakings etc to determine if everything is in order or to locate missing information to be taken from the employee
Setting up new employees in Accountix (payroll and A/P software)
Help in payroll processing services during the pay days
Do benefit reconciliation
Enter invoices in the A/P module of Accountix and do the reconciliation

Impact on Client's Business

Staff and related expenses cut significantly
Faster TAT
Seasonal load managed well

At Outsource2india, we have been providing accurate and high-quality Finance and Accounting Services for our global customers, enabling them to save on time, effort, infrastructure and revenue. Read more finance and accounting services case studies on Equity Research, Accounts receivable, Bank Loan Production, Financial Research, Billing and Title Search.

Please contact us for further information about O2I’s HR Support Services and Pricing details.