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Professional Employer Organization Glossary:Professional Employer Organization (PEO) A Professional Employer Organization (PEO) offers administration services like payroll, tax administration, workers' comp, employee benefits management & other human resources functions to employees on behalf of employer. Co-employment A relationship between a PEO & employer in which, the PEO is responsible for handling functions like tax administration and reconciliation, human resources and risk management and more, while the employer maintains day-to-day control of their employees and has more time to focus on growing their business. Payroll Administration An Emplicity relationship includes payroll administration that facilitates services like payroll processing, reporting taxes, processing year-end W-2’s, W-3’s, report management and more Benefits Management Emplicity offers benefits management services that includes employee Health and Welfare Administration & life insurance, Flexible Spending Account (FSA), Premium Only Plans (POP), Transportation Reimbursement Incentive Program (TRIP) Administration, COBRA/HIPAA Administration, and other allied employee benefit services. Workers’ Comp Emplicity manages workers' comp on behalf of employers while maintaining compliance with Occupational Safety & Health Act (OSHA). It involves payment of insurance for employers that offer cash benefits and medical care to employee in case of accident or sickness related to employee's job. Human Resources (HR) Administration Emplicity’s HR Administration encompasses developing employee records, ensuring constant compliance with the Department of Labor and employment regulations like ADA, FMLA, FLSA, ADEA, etc... Our HR consultants also maintain career-related and life-event changes and employee status changes, clerical work and management reporting i.e. providing data to various levels of management in order to maintain the communication flow. Employee Leasing This is the original term for, what is now known as, a co-employment relationship. Emplicity does not “lease” your employees because that would imply that they are no longer your own employees. Your employees are still yours, we just help your with the taxes, payroll, HR and workers’ compensation and for that reason the government recognizes us as a co-employer. |
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