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Question: What is a PEO and who is it for?
Answer: A PEO or professional employer organization model provides various HR-related services including payroll, benefits programs, workers’ compensation services and risk management and HRIS under a co-employment agreement with your organization. In essence, Doherty acts as your off-site HR department and becomes the employer of record responsible for employment and insurance-related administrative functions. You retain complete control over your business, including hiring and firing, but with more available time and resources to devote to your core business. Your employees enjoy benefits packages that might not otherwise be available, due to the economies of scale and greater purchasing power of Doherty. Employee turnover may be reduced too, with a positive impact on costs. Attractive benefits are essential in competing for and retaining the best and the brightest employees.
The PEO model is ideally suited for organizations that want the best professional services, benefit packages and value for their HR investment and may not have a dedicated HR department or wide array of employee benefits in place.
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