Payroll Solutions Group (PSG) is a professional employer organization (PEO). A PEO establishes an employment relationship with all employees, including owner(s) of the business. This turns a traditional two-party relationship into a three-party relationship and allocates the employer responsibilities between the business owner and the PEO.
The PEO takes responsibility for HR administration and compliance, for which it charges a service fee. Your employees continue to work at your company location, and you continue to exercise control over your business.
This relationship provides you with many "Value Added" Services that enable you to focus on developing strategies that create a competitive advantage. By eliminating many of the administrative burdens related to your employees you should be able to:
- Unload Employer Responsibilities and Liabilities
- Eliminate Non-Productive Administrative Functions
- Re-focus on Bottom Line Activities
- Create Predictable Operating Costs
- Reduce Vulnerability to Key Employee Turnover
- Reduced personal owner liability
- Owners/managers wear fewer “hats”
- There is more time of “important” vs. “Urgent”
- An increase in core competency/business momentum
- More profit opportunities
- Ability to attract, hire and retain key employees
- Better employee care
- Increased business valuation
- Recruiting / selection support
- Pre-employment testing resource
- Professional training resource
- Performance review / counseling training
- Personnel consulting management support
- Compensation plan support
