Advantage September 2013
From The Top
By Rob Basso
President, Advantage Payroll Services
Advantage Payroll Services is excited to announce that we have formed a strategic alliance with Alcott HR, one of the nation’s leading Professional Employer Organizations. Due to challenging economic conditions, businesses across the New York Metro area and beyond find themselves underserved in terms of human resources expertise and services and they are looking for effective, affordable and scalable solutions. Alcott HR and Advantage Payroll have come together to provide a greater array of options for our clients. Together, we will work to continue to educate businesses about the cost savings and risk management aspects associated with outsourcing payroll, HR, workers’ compensation, benefits, time and attendance and other related functions.
Advantage and Alcott share a common business philosophy which places clients first. We recognize the strengths each company brings to the table and this new formal arrangement will allow clients to have access to cost-effective and scalable solutions. It is getting more and more complicated for organizations to manage various employee-related and HR functions on their own. Health care reform and its many regulations have further intensified the situation. Our services and approaches will alleviate some of their burden by giving companies easy access to the best solutions.
For more information on Alcott HR and how we will be working with them, please check out the short Q&A below.
Q & A Portion
Q: What is co-employment?
A co-employment arrangement is established in which both the PEO and the client company have an employment relationship with the worker. The PEO and the client company contractually allocate some and share other traditional employer responsibilities and liabilities. The PEO assumes responsibility and liability for the “business of employment” such as risk management, personnel management, Human Resource compliance, and payroll and employee tax compliance. The client company provides direction and control of the employees and manages tasks like product development and production, marketing, sales and service.
Q: Why would a business use a PEO?
Business owners want their time and resources focused on the “business of the business” and not on the “business of employment.” Leveraging the expertise and economies of-scale of a PEO provides small and large businesses with employee benefits, Human Resource expertise and software infrastructure that would require significant resources to obtain, administer, and maintain. Other reasons to use a PEO would be for risk avoidance and improved employee retention.
Q: Why would a worker want to be employed by a PEO?
Workers seek financial security, quality health insurance, a safe working environment, and opportunities for retirement savings. PEOs provide Fortune 500 quality employee benefits including health insurance, 401(k) savings plans, and aggressive workplace risk management. It is very common, when workers that have been employed by Alcott change employers that they recommend Alcott to their new employer because they are used to having superior benefits and HR support.
Q: How can I get started?
If you think a PEO might be a good option for your business and would like more information, call Agatha Konstantatos at 516-931-8400 X25 or email Agatha@liadvantage.com.