TOTAL SERVICE PROVISION
Professional employer organisations (PEOs) take HR, payroll and benefits headaches out of your hands so you can focus on running your business.
Small- and medium-sized businesses (up to 3,000 staff) have the most to gain through working with a PEO. This is because small- and medium-sized businesses can focus on managing the core business and avoid having to be experts in the people and legal matters.
The role of a Professional Employer Organisation is also to provide a ‘total people provision’ to ensure consistency throughout and synchrony with the business’s commercial goals.
So, contrary to sole providers in pensions, HR, payroll, skills development etc. a PEO maps the entire business to design a tailored and joined–up people strategy that focuses upon building business value.
PEOs operate under a unique co-employment model, where your employees will legally appear on a PEO’s books, but remain under your control. This model alleviates risk from your company/brand (see vicarious liability) but also allows for PEOs to leverage major health benefits plans with the best providers, access the very best software and hire the top experts. Each of these gains is then offered back to the clients.
PEOs are growing at a rapid rate in the US but are , as yet, uncommon in the UK. As business owners look to offset administrative tasks and offer better benefits, PEOs are answering the call.
Currently, PEOs employ 3.7 million worksite employees in the US and have annual wages around $176 billion. These numbers are only expected to increase in the coming years, offering small businesses better benefits options and more HR resources.
Foxton Wren is the UK’s leading PEO, we work with employers like you to mitigate against risks and create more profit from employees.
Driving Business Value
Learn more about Foxton Wren’s approach.