1 Source Business Solutions is a Professional Employer Organization (PEO) with over 40 years combined experience. Headquartered in Salt Lake City, Utah, 1 Source operates in 15 states across the country.
1 Source specializes in Employee Benefits, Payroll Administration, HR compliance and consulting, and Workers’ Compensation Administration for any sized company.
Professional Employer Organizations (PEOs) enable clients to cost-effectively outsource the management of human resources, employee benefits, payroll and workers' compensation. PEO clients simplify their business in order to maintain and grow their bottom line.
Businesses today need help managing the complex world of employee related matters such as health benefits, workers' compensation claims, payroll, payroll tax compliance, and unemployment insurance claims. They contract with a PEO to assume these responsibilities and provide expertise in human resources management. This allows the PEO client to concentrate on the operational and revenue-producing side of its operations.
A PEO provides integrated services to effectively manage critical human resource responsibilities and employer risks for clients. A PEO delivers these services by establishing and maintaining an employer relationship with the employees at the client's worksite and by contractually assuming certain employer rights, responsibilities, and risk.
Through a PEO, the employees of businesses gain access to Fortune 500 level benefits such as retirement plans; health, dental, life, FLEX accounts and other insurance; dependent care; and other benefits they might not typically receive. In fact, forty percent of businesses that use PEOs upgrade their benefit packages as a result.
PEOs also improve the work environment and make it safer. They focus on workplace risk management, safety programs and good human resources practices. PEOs arrange workers' compensation coverage with major insurance carriers and manage the claims. They also offer human resources services delivered by certified professionals. PEOs provide services such as customized employee handbooks, recruitment, pre-employment screening, wage and compensation planning, and assistance with job descriptions. A PEO arrangement also improves the work environment and increases safety, and provides worksite employees protections under federal laws they would not otherwise receive.
PEOs and clients develop long-term relationships. The average PEO client stays with their PEO relationship for more than 5 years on average. They allow clients to "reduce costs and free up time to devote to revenue generating activities, improvements that can be instrumental to gaining competitive advantage," according to research by the Society of Human Resource Management Foundation.
Call us today and see why we are the leading provider in payroll services 801.352.2333.
We provide professional expertise and excellent customer service. We hold ourselves accountable for accuracy and consistency. We strive to be friendly and show appreciation to everyone.