What is a PEO?
PEO stands for “Professional Employer Organization,” which is an entity that contractually assumes and manages critical human resource responsibilities and employer risks for small to mid-sized businesses by establishing and maintaining a “co-employer” relationship with their worksite employees. Nothing changes operationally and the employees still remain under the direction and control of the client company. The main difference is that client-company and employees now have the PEO to process and administer all payroll and HR functions.
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What is an ASO?
ASO stands for “Administrative Services Organization,” which is virtually the same as the PEO model, except the main difference is there is no co-employer relationship.
Infiniti HR still handles all critical human resource functions for and on behalf of the client company, without the transfer of liability.
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What is the biggest misconception about hiring a PEO?
The myth is that business owners lose control over their business. Actually, the reverse is true. Business owners can now allocate precious time in developing their brand and building their business while having a dedicated full time HR staff.
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What is the difference between temporary staffing services and a PEO arrangement?
A temporary staffing service recruits employees and assigns them to clients to support or supplement the client's workforce in special work situations, such as employee absences, temporary skill shortages, or seasonal workloads. A PEO contractually assumes and manages employer responsibilities for all or a majority of a client's workforce. Industry ratios identify the PEO arrangement as a long-term relationship with nearly 90% of our clients and worksite employees remaining with the PEO for a year or longer. Worksite employees participate in the PEO's full range of employee benefits including, health, dental, and life insurance, vision care, and retirement savings plans.
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What sets INFINITI HR apart from larger publicly-traded competitors?
It is true that there are larger PEO/ASO firms out there in the marketplace. However, in the HR Outsourcing industry, where service is what sets companies apart, bigger does not necessarily mean better. The main reason that companies look to the larger firms out there is financial concern for taxes, etc. Infiniti HR has taken steps to make sure that you are protected with over $30 Million in bonding, the highest in the industry. Infiniti HR finds itself to be in the best position in that we are big enough to offer all the HR services and technological functions offered by the larger competitors, yet we are small enough to actually know our clients. In addition, all of our key personnel have a minimum of 10 years industry experience.
Infiniti HR’s philosophy on customer service is that every client should be given prompt, accurate, and consistent results. Clients want to speak to a person familiar with their account, not to someone who has to review their account history each time they call. In short, industry experience and a customer service focus are what set us apart from the larger competitors.
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Who is responsible for our employee's wages and employment taxes?
We assume responsibility and liability for payment of wages, as well as compliance with all rules and regulations governing the reporting and payment of federal and state taxes on wages paid to your employees. The IRS recognizes
Infiniti HR as an employer for federal income and unemployment taxes, and case law affirms the principle(s) that PEOs are responsible for payroll taxes.
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Who is the Employer of Record?
Under the PEO service model, the Internal Revenue Service acknowledges that
Infiniti HR is the employer-of-record for federal income and unemployment taxes. Twenty-seven states provide some form of licensing, registration, or regulation for PEOs. Among many of these states it is statutorily recognized that
Infiniti HR is the employer or co-employer of worksite employees for purposes of workers' compensation and state unemployment insurance taxes.
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Who uses INFINITI HR?
INFINITI HR’s service model is a good fit for companies from start-up to 1,500 worksite employees. We can work with a diverse group of industries ranging from accountants, landscapers, doctors, attorneys, restaurants, insurance agencies, financial service firms, retail shops, non-profit organizations, real estate agencies, light manufacturing, to technology firms. All of these companies need is one thing in common: to acknowledge that it is a better more cost-effective to outsource their HR functions to
INFINITI HR.
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Why would a business use INFINITI HR?
Business owners want to focus their time and energy on the "business of their business" and not on the "business of employment." As businesses grow, most business owners don't have the necessary human resource training; payroll and accounting skills; knowledge of regulatory compliance; or backgrounds in risk management, insurance and employee benefit programs to meet the demands of being an employer.
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Why would my employees want INFINITI HR as their employer?
Chances are, your employees, want access to top quality benefits, retirement options, and the resources of a large company - things that most small and medium sized companies struggle to provide. Acting as their co-employer, we can provide your employees with a competitive benefits package, comparable to a Fortune 500 company. At the same time, they’ll enjoy better job security, since our economies of scale allow you to lower your overall employment costs. And
INFINITI HRcan help improve job satisfaction and productivity by providing your employees with quality human resource services like employee manuals and improved communications.
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