Summary
Professional employer organizations (PEO) have developed over the years toward higher standards, more-complete services, and electronic solutions. For companies using or considering a PEO, today's PEOs represent less risk and more resourcefulness than before. Potential customers and their advisors should understand how the industry has changed and what new standards of criteria should be used when considering a PEO. The PEO industry, under the leadership of the National Association of Professional Employer Organizations (NAPEO) and its state chapters, has responded by initiating various checks nationwide. Perhaps the most important of these measures has been the formation of the Employer Services Assurance Corporation (ESAC), an independent, nonprofit organization led by experienced regulatory professionals. Some states have enacted legislation requiring PEOs to meet certain registration or licensing requirements. Web-based information systems can allow secure online access to payroll records and personnel information from any compatible location.
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Extract
Peo Industry Continues to Grow
Professional employer organizations (PEO) have developed over the years toward higher standards, more-complete services, and electronic solutions. For companies using or considering a PEO, today's PEOs represent less risk and more resourcefulness than before. Potential customers and their advisors should understand how the industry has changed and what new standards of criteria should be used when considering a PEO.
The PEO industry has matured to a $51 billion industry serving ...See the full content of this document
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