ATA PEO Services
Businesses can enhance their focus on core competencies by utilizing Professional Employer Organization (PEO) services, which assist with HR and administrative tasks. By teaming up with a PEO, businesses can avail of diverse HR services such as employee benefits, payroll processing, tax administration, and risk management. PEOs can also assist with compliance, ensuring that businesses stay current with labor laws and regulations.
What is PEO?
In Short, PEO is a form of comprehensive human resource outsourcing, also referred to as co-employment, where a PEO performs diverse employee administration duties like payroll and benefits administration on behalf of a business.
Why use PEO?
Partnering with a PEO can help businesses reduce costs, save time, mitigate risk, and improve the employee experience, allowing them to focus on their core business activities and achieve their goals.
Why PEO
We Handle Complexity, and You Focus on Growth
Reduced Costs
By utilizing a PEO, you can avoid costly and time-consuming procedures. The primary benefit is that you won't need to establish a distinct legal entity in Thailand, which can be a significant cost saver.By utilizing a PEO, you can avoid costly and time-consuming procedures. The primary benefit is that you won't need to establish a distinct legal entity in Thailand, which can be a significant cost saver. Additionally, PEOs adhere to industry best practices and can simplify the onboarding process. According to the National Association of Professional Employer Organizations, small businesses that partner with PEOs experience a lower employee turnover rate of 10% to 14% and grow at a rate of 7% to 9% faster compared to those who do not. PEOs can also reduce the expense of administering benefits, and ATA utilizes industry best practices to minimize administrative costs. Collaborating with a global PEO can also assist in streamlining the expansion process and provide predictable expenditures.
Understanding HR Services
Differences Between Human Resource Services
PEO
PEO stands for Professional Employer Organization. It is a type of outsourcing company that provides human resources services to small and medium-sized businesses. PEOs typically handle tasks such as payroll processing, benefits administration, compliance with employment laws, and risk management.
When a company contracts with a PEO, the PEO becomes the employer of record for the company's employees for tax and insurance purposes. This arrangement allows the PEO to leverage its size and scale to negotiate better rates for benefits such as health insurance, workers' compensation insurance, and retirement plans. It also allows the client company to focus on its core business operations while leaving HR and administrative tasks to the PEO.
In addition to handling HR and administrative tasks, PEOs can also provide other services such as employee training, recruiting and hiring, and performance management. By using a PEO, small and medium-sized businesses can access expertise and resources that might otherwise be cost-prohibitive.
PEOs operate under a co-employment model, where the PEO and the client company share certain employer responsibilities. The client company remains responsible for managing its employees' day-to-day work and retaining control over business operations.
In summary, a PEO is a business that provides human resources services to other businesses. By outsourcing HR and administrative tasks to a PEO, small and medium-sized businesses can access expertise, resources, and cost savings that might otherwise be out of reach.
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