If you’re thinking about using a PEO, do yourself a favor and ask these five essential questions.
How long has the PEO been in business? There’s no replacement for experience and know-how, and in general, the longer the PEO has been in business, the more efficient and effective they are in serving your needs.
Is the PEO ESAC-accredited? Accreditation through the Employer Services Assurance Corporation provides a $15 million surety bond to clients in the event that the PEO were ever to go bankrupt. It protects clients and provides assurance that their workers’ compensation insurance, their benefits premiums, and their payroll taxes are paid accurately and on time.