Everyone here at Trojan Labor is thrilled about our strategic alliance with Quadrant PHR. We sat down with Mr. Curt Matlach President of Quadrant to learn more about PEO’s and how they can help.
Services of a Professional Employer Organization (PEO) like Quadrant PHR, can be categorized into four simple buckets:
-Payroll & Tax Administration
-Human Resource Administration
-Employee Benefit Administration
-Workers Compensation, Safety and Risk Administration
What are the main advantages to your clients?
There are three main advantages to our clients. Depending on each client company’s situation, working with Quadrant will either reduce their costs, reduce their employer related risk, or reduce their administrative workload.
What are the differences between a PEO and a staffing company?
There are two major distinction between a PEO and a staffing company.
- The PEO functions as the client companies full time, HR department, and works only with permanent employees. A staffing company handles the hr for its’ own employees not the client company, and the staffing company works with temporary or seasonal employees.
- A PEO must invoice and collect payroll for the worksite employees prior to payday, while a staffing company will extend credit and invoice client companies for payroll already paid.
Can you use a PEO and a staffing company?
Absolutely! While a PEO like Quadrant PHR serves as the co-employer, acting as the client companies long term HR department, the staffing company acts as a great resource for temporary employees or even as a stepping stone for temporary term hires that eventually become permanent employees. The US Department of Labor of Labor estimates that the average cost of a bad hire can be up to 30% of an employee’s salary. Many PEO clients use a staffing company to help mitigate hiring risks.