Frequently
Asked Questions
Q. Doesn't using a PEO mean that a company "supplies new employees for which I then pay a fee"?
A. No, unlike a "temp service" or "head-hunter organization", a PEO company "hires" your current employees. Then leases them back to you. Usually reducing human resource costs and employer liability.
Q. How will using a PEO be to MY advantage?
A. PML hiring your employees, and subsequently leasing them back to you through a PEO arrangement, enables your business or corporation claim that it has "no legal employees".
Q. If my company no longer has any "legal employees", then is the Peo responsible for employee related reports and business expenses?
A. PML would be the "co-employer" of all of your employees, therefore, the PEO company would handle all of the employee related tasks and expenses such as:
Employee Health, Dental, Life and Disability
Q. How long has the PEO been doing business?
A. PML is one of the longest operating PEOs in the United States. We have been assisting growing companies since 1985.
Q. Will statements be made available upon request?
A. PML offers a variety of statements and/or reports customized to fit each individual PEO client's needs.
Q. Can current clients be contacted at random for their evaluation of the PEOs.
A. PML will be more than happy to provide a list of references.
Q. By leasing my employees to a PEO, do I lose control of them?
A. PEO companies operate one of two ways:
1) as a "co-employer", or 2) as the "complete and legal owner" of the employees.
(PML's PEO companies operate exclusively as "co-employer" companies . . .
to alleviate those concerns . . . the owner maintains operational control of his or her employees.)
Q. So, how much DOES it cost to use PML's PEO service?
A. Believe it or not, PEO services, usually do not cost any more than you are already spending on employee related expenses!
Q. How is it possible that using a PEO will save me money?
A. Most businesses can not get the discounts that larger companies realize. By "pooling" all of our clients' employees together,
we are able to obtain those volume and premium discounts on various employee expenses such as:
1. Workers Compensation
2. Employee Health, Dental, Life and Disability Benefits
3. There are also possible tax advantages.
plus . . . because our PEO services include handling most employee related issues and paperwork,
many clients are able to reduce and, in some cases, eliminate their in-house human resource department,
thereby reducing operating costs, not to mention most business owners don't have the time to handle these
day to day aggravations.