What is a Professional Employer Organization (PEO)?

A PEO provides organizations with instant buying power through a cost effective solution for the management and administration of the human resources, benefits, payroll, labor law, and risk management functions. A PEO contractually assumes substantial employer rights, risks, and responsibilities through the establishment and maintenance of a co-employment relationship with its clients. YourSource not only handles the administration of Human Resources for its clients but it also provides richer benefit packages to its employees.

A PEO can also be referred to as a co-employer or employee leasing arrangement. As co-employers, YourSource and the client contractually share or assume employer responsibilities. The client retains ownership of the company and manages the day-to-day activities of the employees. YourSource handles the administration of the employees and offers a wide variety of services that include:

• Payroll and Tax Management • Employee Benefit Design and Administration • Government Compliance • Workers Compensation/Health & Safety • Unemployment Management • Employment Verification	• Employment Records Management • Government Reporting & Agency Interface • Human Resource Management Reports • Safety Review & Policy Management • Employee Handbook Design • Job Description Consultation
Co-Employment Relationship
The human resources function represents a necessary, expensive, and yet, non-revenue generating portion of your organization. Employees are typically responsible for a mixture of both revenue and non-revenue generating tasks. Therefore, when Human Resources is outsourced, employees are left to focus on the revenue generating side of the business. The rest is up to YourSource’s Human Resource Management System that offers a variety of comprehensive human resource services and technology that can positively affect your bottom line by more cost-effectively managing the critical human resource responsibilities and employer risks for clients.