Full-Service HR

10 Benefits of Outsourcing to a Professional Employer Organization

Ella Baker
10 benefits of outsourcing to a PEO
Reading time 6 Mins
Published on May 3
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Explore all the benefits of working with the Sheakley PEO Team.

Making the decision to outsource your human resources functions to a full-service Professional Employer Organization (PEO) can seem like a daunting one. Understanding the benefits and advantages offered to your small or mid-size company by working with Sheakley’s PEO team is a critical first step toward making that choice.

Fortune 500 Benefits Packages

Professional employment organizations utilize the collective bargaining power of the 3.4 million employees they represent to negotiate Fortune 500 level benefits for small and mid-size companies. The costs associated with offering health insurance, dental and vision benefits, life insurance, and retirement benefits are prohibitive for many business owners.

With a growing number of employees viewing healthcare benefits as standard, the importance of providing these coverages is becoming increasingly more important in attracting and retaining top talent. By entering into a PEO co-employment arrangement with Sheakley, you can provide your employees with affordable, high quality benefits.

Human Resources Support

Human resources is one of the most complex aspects of running a business and, if you’re not careful, potentially one of the most costly. The HR experts at Sheakley provide comprehensive solutions, including benefits administration, time and attendance, talent management, and others that free you up to focus on your daily business needs.

With more than 115 years of combined HR management experience, Sheakley’s dedicated staff offers an unparalleled approach to guide you through the complicated world of human resources with confidence and support. From access to our state of the art HRIS to development of policies and onboarding procedures, find out if the HR and payroll services offered by Sheakley’s PEO services are the right fit for your company.

Compliance

You need to focus on what you know best – running your business. Staying on top of legislative changes and updates to employment law that might affect your business can be a full-time job all by itself. Let Sheakley’s PEO professionals ensure that your company stays compliant.

With in-depth knowledge of compliance issues, Sheakley’s PEO team can guide you through the complicated world of ACA, OSHA, FMLA, ADA and other state and local laws and regulations. Unlike a human resources advisor or consultant, the co-employment relationship between Sheakley and client companies gives Sheakley skin in the game when it comes to keeping you compliant.

Risk Management

For most small businesses, one lawsuit could spell the end. By developing risk management programs that are integrated into the daily operations of your company, Sheakley’s PEO team is able to protect your bottom line – ensuring fewer lost days of work and production.

Whether instituting the most recent OSHA compliance reporting guidelines or managing your drug testing program, PEOs are able to mitigate and lessen the impact of known (and unknown) risks to your business. Reach out to Sheakley’s PEO team today for a comprehensive review of your risk management strategy.

Worker’s Compensation Support

Worker’s compensation premiums can be one of the single largest costs of doing business in Ohio. As one of the state’s most experienced third party administrators, Sheakley can help you navigate the complicated world of worker’s compensation.

Sheakley’s comprehensive worker’s compensation support includes a review of your existing workplace safety environment. A team of safety experts will help you develop or maintain your existing workplace safety standards to ensure fewer worker’s compensation claims. When you do have a worker’s compensation claim, Sheakley will manage the process for you. Case managers will monitor the worker’s treatment, remain in contact with the carrier and ensure that proper return-to-work procedures are followed.

Representing more than 16,000 employers, Sheakley is able to offer cost savings opportunities for worker’s compensation like Group Rating, Group Retrospective Rating and Self-Insurance. From claims management to cost containment, Sheakley’s worker’s compensation experts will implement a tailored plan of action that allows you to make the best decision for your company.

Unemployment Support

Approximately 11.2 percent of companies spend more than necessary on unemployment claims, to the tune of about $17.5 billion per year. Sheakley’s PEO team includes unemployment experts who ensure that your business remains compliant with unemployment regulations while saving you money by exploring all available unemployment tax savings opportunities.

Sheakley staff will help you navigate the complicated world of unemployment claims management. Acting on your behalf, experts will respond to claims, offer consultation, and minimize your liability. In addition, you and your staff will receive regular updates and educational opportunities to ensure that you are aware of any changes to unemployment regulations. Should you find yourself at an unemployment hearing, Sheakley will provide experienced hearing representatives to participate in your unemployment hearing.

Payroll and Payroll Taxes

Sheakley’s Human Capital Management application comes complete with Payroll Processing Services, Time and Labor Management, Employee Onboarding tools, ACA Management and online Benefits Enrollment. This complete payroll administration solution offers everything from basic payroll processing to electronic tax filing, while helping you manage costs and stay compliant.

Since a PEO acts as a co-employer, Sheakley’s team will ensure that each employee is paying the appropriate payroll taxes to the appropriate entities at the appropriate time. The Human Capital Management system allows employers and employees to access and update employee information at anytime from anywhere. W-2s are automatically available to employees at the end of the year and employees can access up-to-date PTO accruals at any time.

Training and Education for Employers and Employees

Unlike many consultants or payroll providers, Sheakley provides access to comprehensive training and education opportunities for employers and their employees throughout the year. Covering a wide variety of topics, these trainings are conducted across a variety of platforms, including webinars, in-person, and lunch n learn settings.

Additionally, Sheakley’s team of experts issues updates on any policy or regulations changes that may impact your business and employees as these amendments are announced. Keeping you abreast of the laws affecting your business is a major part of Sheakley’s business.

401(k) Benefit Plan

Included in Sheakley’s PEO services is a 401(k) benefit plan. After a consultative meeting, Sheakley’s retirement team will determine the plan design that best meets the needs of your business and employees.

From design to compliance and from enrollment to distribution, Sheakley will provide comprehensive plan administration for your group’s 401(k) package. You can provide for your future and that of your employees without having to manage the daily complexities.

Employer Practices Liability Insurance for all PEO Co-Employers

While exercising due diligence to mitigate the potential for employment-related claims, Sheakley’s PEO professionals also take shared liability very seriously. Employment-related claims can include:

  • Discrimination
  • Harassment
  • Retaliation
  • Violation of FMLA
  • Wrongful termination
  • Wrongful discipline
  • Wrongful failure to promote

If the situation should arise, Sheakley is prepared to protect the collective interests of the employer and the company with a $3 million EPLI policy.

Explore the many other benefits of working with Sheakley

Learn more about Sheakley’s PEO team and contact us for your free consultation today. Stay up-to-date on all things Sheakley by subscribing to our blog and following us on social media. Join in the discussion by commenting below.


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