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3 Functions a Small Business Can Outsource to a PEO

Ella Baker
3 Functions a Small Business Can Outsource to a PEO
Reading time 4 Mins
Published on May 31
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Freeing you up to focus on your business

As a small business owner, it can be hard to know where to turn for help with employment related questions or concerns. Working with a professional employer organization (PEO) allows you to not only outsource many employment related functions of your business, but can help you remain compliant, save money, and grow your business.

Payroll and Payroll Tax

With employers spending an average of six to ten hours per week on payroll processing, the task is one of the single greatest drains on time for business owners. In addition, payroll processing and payroll tax can prove costly to businesses in other ways. Frequent change in the tax code can result in stiff penalties and fines as the result of incorrect reporting or withholding. When you work with a PEO, you enter into a co-employment relationship in which the PEO becomes the employee of record for your employees. You remain in control of your team, while sharing employment related costs and liabilities with the PEO, shielding your business from potential liabilities.

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. 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.

Recruitment and Termination

In 2017, the US Equal Employment Opportunity Commission (EEOC) received 84,234 charges of workplace discrimination, costing employers an average of $250,000 per lawsuit. Hiring and termination may seem like standard tasks, but with so much liability and risk, having a PEO partner that you can trust to keep you compliant is more important than ever.

An effective PEO partner will help you craft job postings and descriptions that help attract talented applicants. Your PEO can identify the best places to post your openings and assist in sorting through resumes to select the most qualified candidates. In addition to identifying and hiring the right talent, your co-employment partner will help you develop policies and access benefits packages that will allow you to retain top talent. Working with you to craft and establish appropriate equal employment opportunity compliant hiring practices, your PEO will help shield you from potential lawsuits and costly liabilities.

The termination process can be fraught with its own set of unique challenges. Ohio is an at-will employment state, but employers must remain cognizant of progressive discipline and termination compliance issues. Among other termination related activities, your co-employment partner can train you and your management staff on progressive discipline strategies, assist in the development of termination policies, and process any unemployment claims that may arise.

Sheakley’s human resources outsourcing experts will be able to help you navigate all of these potential pitfalls to reduce liability for your company and help you attract and retain the right talent. Sheakley works with you and your managers to ensure adherence to proper employment practices that can ensure you avoid turnover and lawsuits.

Worker’s Compensation Support

Worker’s compensation premiums can be one of the single largest costs of doing business in Ohio. From cost saving strategies to workers’ compensation claims support, your PEO partner will be able to provide you with a strong backing in the area of workers’ compensation.

Through the co-employment relationship, PEOs are able to access many of the Ohio Bureau of Workers’ Compensation money saving opportunities on your behalf, like Group Rating, Group Retrospective Rating and Self-Insurance. Additionally, your co-employment partner will conduct a thorough review of your existing workplace safety environment, helping you to develop or maintain your existing standards to ensure fewer workers’ compensation claims. In the event of a claim, your partner will also monitor the worker’s treatment, maintain contact with the carrier and ensure that appropriate return-to-work procedures are followed.

Representing more than 16,000 employers, Sheakley is one of the state’s most experienced third party administrators for workers’ compensation and can help you navigate the complicated world of workers’ compensation. Sheakley’s worker’s compensation experts will work with you to develop and implement a tailored plan of action that allows you to make the best decision for your company.

Explore more functions your small business can outsource to Sheakley

Learn more about Sheakley’s PEO and Human Resources Outsourcing Solutions 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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