Tag: employer-of-record

27 Sep 2018

Why use an Administrative Service Organization (ASO)

What is an ASO

An Administrative Service Organization (ASO) is an organization that provides administrative and human resources services for its clients; this is a simple way to outsource tasks that can be more efficiently handled outside the company. ASOs can provide a variety of services for your company, including the following:

  • Payroll – direct deposit, W-2 processing, tax filing, reports, 401(k) administration and other tasks
  • Human resources – employee newsletters, help desk, handbooks, file maintenance, employee surveys, background checks, recruiting and other service options
  • Employee benefits – benefits enrollment, payment and premiums, COBRA administration and more

Difference between ASO and PEO

ASOs differ from professional employer organizations (PEOs), which provide a more comprehensive package of services and include a co-employment arrangement. The co-employment arrangement in a PEO contract means that the PEO becomes the employer of record and the PEO assumes some or all of the risks and liabilities related to employment.

Should I use an ASO

Whether or not an ASO is right for your company depends on several factors. First, you need to consider whether you want or need to outsource administrative and HR tasks. If so, do you need a full-service contract or just a few tasks handled for you? If you’re looking for a complete package of services and are willing to enter a co-employment agreement, a PEO may be a better choice. ASOs might be the favored option if you want to keep more employment control and need to choose only a few services to outsource.

Looking for ASOs in Jamaica? Contact us at 1-876-971-7632 or email us at sales@caribbeanhrsolutions.com.

Read more

http://clarkandassoc.com/wp-content/uploads/sites/2/2014/09/HR-Insights-Adminstrative-Service-Organizations.pdf

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20 Sep 2018

Should I use an employee leasing company?

What is employee leasing?

Employee leasing is a contractual arrangement in which the leasing company, also known as a professional employer organization (PEO), is the official employer. Employment responsibilities are typically shared between the leasing company and the business owner (you, in this case). You retain essential management control over the work performed by the employees. The leasing company, meanwhile, assumes responsibility for work such as reporting wages and employment taxes. Your main responsibility is writing a check to the leasing company to cover the payroll, taxes, benefits and administrative fees. The PEO will become the employer 0f record for the employee and will do the rest.

Why should I use an Employee leasing company?

The full list of the benefits of using PEO services was discussed in detail in the previous blog Professional Employment Organization (PEO): The Benefits. Here is a brief overview of the key benefits that were highlighted.

Employee leasing lets you add workers without adding administrative complexity. Employee leasing firms manage compliance with government regulations, payroll, S01 and So2 filing, and other paperwork. Some also offer pension and employee assistance programs.

By combining the employees of several companies into one large pool, PEOs can also offer business owners better rates on health-care and workers’ compensation coverage. The net effect can be significant savings of your time and money.

Employee leasing is a very popular choice for owners of small- and medium-sized businesses who want to focus on the business, not the administrative burdens behind it. If you think employee leasing might be right for your business contact us at 1-876-971-7907 or email sales@caribbeanhrsolutions.com.

 

Read more

https://www.entrepreneur.com/encyclopedia/leased-employees

 

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