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Your Questions, Answered.
Kaneohe Hawai'i
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How do employees benefit from a PEO arrangement?Through a PEO, employees gain access to benefits that are often only available at larger companies, such as 401(k) plans, health, dental, and life insurance. PEOs also improve job security and satisfaction by providing professional HR services, training, and development opportunities.
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What types of companies typically benefit from working with a PEO?Small to mid-sized businesses across various industries benefit from partnering with a PEO. Companies that don’t have an in-house HR department or need to streamline HR tasks while improving benefits for their employees typically see the most significant advantages.
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How does a PEO manage payroll and tax compliance?A PEO takes over payroll management, ensuring employees are paid accurately and on time. They handle everything from calculating wages and deductions to filing state and federal taxes. Additionally, employees can easily access and download their W-2 forms via the Prism app, and a hard copy is also sent. The PEO ensures compliance with ever-changing tax laws and regulations, so businesses don't have to worry about missed deadlines or penalties.
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How does a PEO help with workers' compensation and risk management?PEOs provide workers' compensation coverage, often at lower rates due to their buying power. They also offer risk management services, such as safety training and OSHA compliance assistance, to reduce workplace injuries.
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How does a PEO improve workplace safety?PEOs offer safety programs, training, and risk assessments to help prevent workplace accidents and ensure OSHA compliance, which can lead to fewer workers’ compensation claims and a safer work environment.
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What is a PEO, and how does it benefit my business?A Professional Employer Organization (PEO) is a company that partners with businesses to manage essential HR tasks such as payroll, employee benefits, compliance, and risk management. By partnering with a PEO, business owners can focus on growing their company while having peace of mind that their HR responsibilities are being handled by experts. PEOs also provide small businesses access to big-company benefits like comprehensive health insurance, retirement plans, and risk management support that they might not otherwise be able to offer. When you partner with Talent HR Solutions, employee wages are reported under our company’s federal ID number. This co-employment model streamlines payroll and tax filings, ensures compliance with regulations, and reduces the administrative burden on your business.
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What is the cost structure for PEO services?PEOs generally charge either a percentage of payroll or a flat fee per employee. Costs vary based on the size of your workforce and the services you require.
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Why should a business use a PEO instead of managing HR in-house?As businesses grow, managing HR becomes complex and time-consuming. Most business owners lack the specialized knowledge required for HR, payroll, and regulatory compliance. PEOs, like THRS, simplify these tasks, offer access to big-company benefits, and reduce risk, giving businesses the freedom to focus on their core operations.
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How does a PEO ensure compliance with labor laws?PEOs stay up-to-date on ever-changing employment regulations at the local, state, and federal levels. They handle everything from payroll taxes to employee classification, ensuring that businesses are compliant and reducing their risk of non-compliance penalties.
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How does a PEO help businesses save money?PEOs can leverage economies of scale to negotiate better rates on benefits and insurance, which reduces overall employment costs. PEOs also handle labor law compliance, helping businesses avoid costly penalties and legal fees.
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Can THRS services scale as my business grows?Yes, THRS services are flexible and can scale to meet the evolving needs of your business, whether you're hiring more employees or expanding locations.
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How does THRS manage payroll for your business?Talent HR Solutions handles comprehensive payroll services, including payroll processing, tax filings, paycheck deductions, and W-2 distribution. Employees receive a hard copy of their W-2s and can conveniently download them through the Prism app. This ensures accurate, compliant payroll management and easy access for employees.
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How does THRS handle employee disputes or disciplinary actions?THRS provides HR guidance on handling disputes or disciplinary actions, ensuring compliance with laws and best practices to mitigate risks.
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How does THRS support compliance with employment regulations?THRS stays up to date with employment laws, manages employee documentation, and provides guidance to ensure businesses remain compliant.
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Can employees access their benefits and pay stubs online?Yes, employees can access their benefits, pay stubs, and download W-2s via the Prism app for convenient, 24/7 access.
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Does THRS assist with employee onboarding and paperwork?Yes, THRS handles all aspects of onboarding, including paperwork, benefits enrollment, and compliance with employment laws, making the process seamless for both employers and employees.
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What kind of HR technology does Talent HR Solutions use?THRS uses the PrismHR platform to manage employee data, payroll, and benefits. This user-friendly platform allows employees and employers to access vital HR information seamlessly.
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What health benefits does THRS offer?THRS partners with UHA and Kaiser to offer high-quality healthcare options at competitive rates. We manage health premiums, track enrollments, and handle employee eligibility.
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Does THRS manage healthcare benefits?Yes, we manage healthcare benefits, including tracking employee eligibility, answering benefits-related questions, and ensuring accurate administration of premiums.
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What supplemental benefits are available through THRS?THRS offers supplemental insurance, including cancer, critical-illness, and short-term disability plans, as well as access to Flexible Spending Accounts (FSA) and 401(k) retirement plans.
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What employee perks does THRS offer?THRS provides access to local and national discounts on travel, entertainment, shopping, and dining. We also offer a recognition platform to celebrate employee achievements.
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Does THRS offer lifestyle benefits?Yes, THRS offers discounts on services like wellness treatments, auto maintenance, and even real estate assistance, enhancing the overall work-life balance.
FAQs
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