What is a PEO?

A PEO (Professional Employer Organization) is a service provider that allows small to mid size companies to offer their employees benefits normally only available at larger companies.

Your employees are on SIMPLOY’s payroll, but you control your product and business operations. Employees can participate in our health, retirement, and supplemental benefits and are covered by our workers’ compensation policy. We also handle payroll, employment taxes, human resources and provide compliance expertise.

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What is Co-Employment?

In a “Co-Employment” relationship, the PEO becomes the legal, “employer-of record” for employment tax and benefits purposes. The PEO assumes many of the employment-related responsibilities and risks while you retain essential control over the supervision and direction of the work, as well as production and delivery of your company’s products or services.

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What is Employee Benefits Pooling?

This is where SIMPLOY ?pools? together hundreds of companies representing tens of thousands of employees. The economies of scale generated through this is like collective buying power and allows us to negotiate the best rates and benefits programs possible for your organization.

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Why would a business use a PEO?

Day-to-day management of “non-core” aspects of your business can drain resources away from your core business. As you grow, you may not have in place training or internal resources to handle payroll, HR, risk management, regulatory compliance, and employee benefits programs. PEOs bring your company these large-group resources and benefit plans.

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In a PEO relationship, does the business owner lose control of their business?

No. The PEO client retains ownership of the company and complete control over daily operations. The PEO and client will contractually share and allocate employer responsibilities and employer-related liabilities. Typically, the PEO focuses on employment-related issues, and the client will handle direct business operations.

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How do PEOs help businesses contain or reduce employer-related costs and improve profitability?

PEOs generate economies of scale as new clients, and work-site employees are added to their pool. This reduces employment-related expenses faced by the employer. The PEO provides significant time-savings by managing routine employment-related tasks, so the business owner can focus on the company’s core competencies that generate revenues and profits.

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How do employees benefit from a PEO?

Employee job security is improved as the PEO implements efficiencies to lower employment costs. Studies prove job satisfaction and productivity increase when employees are provided with HR, training, employee manuals, safety services and improved communications. Often, co-employment provides employees with expanded benefits such as 401(k), life insurance, disability insurance, discount plans and a flexible spending plan.

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Can a PEO help my company gain focus and a competitive advantage?

A key to gaining a competitive advantage is through a well-trained and highly skilled workforce. Our belief is that by outsourcing various “non-core” functions of your business to a company specializing in those functions, you provide more direct focus to your “core” business and receive the added value of highly skilled specialists to attend to those outsourced functions.

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Are my employees eligible for a comprehensive benefits program?

Frequently, a PEO arrangement is the only opportunity for workers of many small to mid size businesses to receive Fortune 500?-quality employee benefits such as health insurance, dental, vision, life insurance, 401(k) and more. Without PEOs, a small business is typically unable to manage or afford to offer these employee benefits and at attractive rates.

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In a PEO relationship, can I select the benefits vendors that best fit our needs?

Yes. We listen to your needs and then design a benefits package best suited to meeting those needs. This means that you are in control and have the option of selecting from our alliance partners or your own vendors for items such as health, dental, vision, life, 401(k), and workers’ compensation insurance.

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How does Simploy charge for its services?

Our PEO services are customarily charged on a flat fee basis. Simploy human resources consulting services are based on our professional hourly rates structure or a pre-negotiated fee. Our easy-to-understand fee arrangements are disclosed to you upfront, eliminating any surprises.

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How quickly can my company integrate into Simploy's PEO?

Using our proven methodology, we can transition a company having 100 employees or less within 60 days. Smaller companies take less time while larger companies can take longer to transition. We co-develop a transition plan and timeline with you before any work begins to ensure a smooth transition process for your company and employees.

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Does Simploy serve companies with a small number of employees?

Yes. Our existing clients range in size from one employee to hundreds of employees. Since our offerings are fully scalable to fit your exact needs, we can provide our services efficiently and cost effectively to companies ranging in size from 1 to 1,000 employees.

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What is Simploy's client retention rate?

95% to 97%. This average excludes client companies that have failed, been acquired or elected to manage their HR needs in-house. Of those clients that have terminated their relationship with us, only 1% chose to utilize a competing PEO firm.

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What should I consider in selecting a PEO?

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