Answers To Frequently Asked Questions
Q - What is a PEO, or a Professional Employer Organization?
Answer: Formerly known as employee leasing, a PEO is one of today's best management strategies for small - medium sized business to satisfy its employee administration needs. Solution Services' program is available to your company no matter what your business size; regardless, if your have a business with five employees or a division of a major corporation or any size in between.
By transferring your employees to Solution Services' payroll, Solution Services becomes the employer of record for payroll and tax purposes. However, your company still maintains the day-to-day control of your workers.
Q - What are the benefits of a PEO to a business owner?
Answer: Solution Services will give you freedom from your employee administration responsibilities. More specifically, Solution Services performs the following services:
- Prepare payroll and pay employees
- Pay all payroll and statutory taxes
- Provide assistance with regulatory compliance
- Pay state and federal unemployment insurance; complete, respond, and monitor all unemployment claims
- Provide workers' compensation insurance, audits, and claims management. We also control and monitor workers compensation hearings and reviews
- Consult & develop a workplace safety program
- Provide a complete insurance and fringe benefits package
- Provide HR consulting services - Solution Services' professional human resource staff will give you as much or as little support as you need
- Administer and procure health insurance
- Prepare customized employee handbooks
Q - If the people who work for me are on your payroll, won't I lose control over my workers?
Answer: Absolutely not, you still manage your business as you did before. You continue to set the job responsibilities, measure goals, and monitor employees' performance just as you do now.
Q - What do I have to do?
Answer: All you have to do is to pay Solution Services each pay period to cover the payroll, payroll taxes, benefits, and our administration fee. This greatly simplifies your accounting.
Q - How will my staff be paid?
Answer: In the same way you currently pay them, i.e.; weekly, bi-weekly, or semi-monthly. Solution Services will deliver the payroll and the invoice and then you distribute the paychecks to your employees. You simply pay the invoice and Solution Services takes care of the rest.
Q - How will my employees feel about Solution Services' payroll?
Answer: Your employees will love our service. Your employees will continue to perform the same jobs, report to the same people, and receive the same compensation structure; however, your employees will now have access to a fringe benefit package that is more commonly found in many Fortune 500 companies. The benefits that your employees will have access to include the following:
- Medical insurance plans
- Dental insurance plans
- National provider networks
- Cafeteria 125 saving plans
- Cafeteria 129 saving plans
- Group life/AD&D insurance
- 401(k)retirement plan
- Employee assistance plan (EAP)
These benefits are valuable to you as well as to your employees in today's ever increasing labor market. Employees and prospective employees view company benefits as to be as important as his/her salary. Solution Services' program allows your company to recruit and retain the highest-quality personnel available in today's labor marketplace.
Q - How will Solution Services' program be explained to my staff?
Answer: A member of Solution Services' staff will come to your work site and conduct an enrollment meeting to explain all the services and benefits available to your staff. Subsequent meetings with your staff can be scheduled as you feel necessary to ensure that all current and new staff stay current on Solution Services' program.
Q - Is the administration fee payable to Solution Services tax deductible?
Answer: YES.
Q - Is a PEO beneficial only to certain types of companies?
Answer: No. Solution Services works with all kinds of businesses, from professional offices to manufacturing and other blue-collar companies. No matter what type of business, Solution Services can usually help each client run his/her business more effectively and efficiently by getting the owner or manager out of the employee administration business.
Q - How can I schedule my free Cost/Benefit Analysis from Solution Services?
Answer: Call Solution Services at 1-888-557-1600 and a sales representative will contact you at your convenience. You can also request information via this web site.