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If you need further information about the TriNet PEO and HR solution, have a story idea that you need background for, or want to arrange an interview with a TriNet executive or an HR/trend subject matter expert, please contact: Jock Breitwieser, director corporate communications at (510) 875-7250 or PR@trinet.com
How Does a PEO Work?
A Professional Employer Organization serves as an outsourced human resources department providing comprehensive employment services such as payroll and benefits administration, HR management, and assistance with employer compliance. A PEO serves as your strategic HR partner that can help:
- Attract and retain talent
- Contain rising HR costs
- Create efficiency
- Minimize liability and exposure to risk
What is Co-Employment?
When working with a PEO, your company enters into a shared employment relationship. The PEO becomes the "Employer of Record” and is responsible for payroll and payroll tax compliance, benefits administration, workers' compensation, processing unemployment claims, and other HR-related administrative tasks. Your company remains the "Worksite Employer" and continues to retain day-to-day control and direction of the worksite employees.
|TriNet's HR Services|
|Your Company is Responsible||TriNet is Responsible|
|Conducts business operations|
|Day-to-day employee activities|
|Delivery of services or product development|
|Processes payroll & payment of employment taxes|
|Sponsors & administers benefits|
|Provides HR management & consulting services|
|Manages workers' compensation issues & processes unemployment claims|
|Compliance & other employee-related liabilities||Shared Responsibility
TriNet joins with your company to oversee
other selected areas of employer
compliance & liabilities
This shared relationship allows you to transfer many of the time-consuming administrative tasks to the PEO, and more importantly, allows you more time to focus on making core business decisions.
Due Diligence When Considering a PEO
Selecting the right PEO is a critical decision for your business. Here are some things to consider when deciding which service provider is right for you:
- Check customer and professional references
- Ask whether the service provider is a member of NAPEO and accredited by the Employee Services Assurance Corporation (ESAC)
- Understand how the employee benefits are funded and insured
- Verify that the employee risk pool matches the employer’s profile
- Confirm that participating employees can receive first-day coverage for benefits
- Ensure that the service provider meets all state regulatory requirements
As a leading PEO for more than two decades, TriNet works with more than 10,000 clients representing 272,000+ worksite employees in the United States and Canada (as of 09/30/14). Our bundled HR products, TriNet Ambrose, TriNet Passport, and TriNet SOI, allow small to medium-sized businesses in a variety of industries to operate more efficiently and cost-effectively.
For more information, contact us.