Knowledge Center / FAQs
A PEO, or Professional Employer Organization, provides HR solutions like payroll services and benefits administration/management to small and midsize businesses by creating a co-employment relationship. Essentially, a PEO relationship allows a business owner to cost-effectively outsource any and all HR-related responsibilities to the PEO partner experienced in HR management, so that the business owner can focus on growing their company. TEG has been a registered PEO for over 20 years and is certified in 28 states. For more information on PEOs, visit www.napeo.org
We also invite you to visit our PEO page to see a list of services and benefits we offer our PEO clients.
Few small business owners have the resources or the time to add HR-related responsibilities to their plate, and PEOs provide a cost-effective way to pass on those responsibilities to someone else. But not just anyone else: a partner highly experienced in everything HR. This passing of the torch allows business owners to focus on running their company and improving their bottom line. In fact, PEOs are proven to improve companies’ productivity, profitability, and focus. According to NAPEO, small businesses that work with a PEO have been reported to grow 7-9% faster, have 10-14% lower employee turnover, and be 50% less likely to go out of business.
As if that wasn’t enough, PEOs may also help companies recruit a better workforce. Under our PEO model, we’re able to negotiate the same benefits for a small company’s employees as a large corporation would for its employees, resulting in a more comprehensive and more attractive benefits plan.
After a company contracts with a PEO, the PEO becomes a “co-employer” to the company’s employees, and the company and the PEO share employer responsibilities. Typically, a PEO will become responsible for things like remitting wages/withholdings and managing employment taxes, while the company (the onsite employer) will remain responsible for the daily operations of the business. Bringing on a PEO as a co-employer has many benefits for the company; for example, since all of its employees will also be the PEO’s employees, the PEO will be able to negotiate workers’ comp and other benefits with a larger pool of employees, resulting in cost savings.
We pride ourselves on our “unbundled bill approach,” meaning you’ll see exactly what you’re paying for. No hidden costs here! We work with our clients to understand their billing preferences. For example, when it comes to payroll services, we charge a flat fee for each payroll run, as well as a per check fee. We don’t bill for extras, such as delivery of W-2s or quarterly reports, like many of our competitors do. For clients interested in human resources services, we can bill a variety of ways: on a project basis, hourly basis, or retainer basis. Finally, for the clients we serve under a PEO model, we send invoices that itemize all charges billed during the applicable pay period. We arrange for our clients to pay their invoices through ACH (an electronic funds transfer) to ensure maximum efficiency.
We aren’t one of those “800-number” businesses. We assign each of our clients a TEG team member (a payroll specialist and/or an HR consultant), and give our clients their direct line and email address. Our clients love that they can rely on their TEG partner for any and all of their payroll and HR needs. Meet our team or get in touch for more information today.