How a PEO Helps with Regulation and Compliance at Your Temp Staffing Business
From federal law to state regulations, business owners in the temporary staffing industry must keep track of many different laws and standards to keep their business in compliance with all safety requirements. Since laws may often change, it can be difficult to ensure compliance with all local, state, and federal requirements for your business. However, being out of compliance leads to serious issues, including:
- An increased risk of workplace injuries
- Costly lawsuits
- Liability issues
Luckily, there are some steps you can take to ensure compliance at your temporary staffing business—and a professional employer organization (PEO) can help. When your business joins with a PEO, you will receive assistance on many compliance-related tasks.
- Keeping you up at date with laws and regulations at the federal, state, and local level, as well as industry-specific requirements
- Ensuring accuracy with employee classification and wage compliance, which reduces your risk of mistakes, fines, and liability issues
- Assisting with OSHA-compliance tasks, such as conducting safety assessments and developing or implementing employee safety training
- Improving benefits administration, which helps your employees get the best options for healthcare, retirement, and more, all while keeping your business in compliance with all benefits requirements
- Improving recordkeeping and reporting, which makes sure your recordkeeping is in order for audit, compliance checks, and any legal requirements
- Offering additional HR support, like updating your policies and employee handbooks
Additionally, a PEO can help you secure Workers’ Compensation coverage to protect your employees and your temporary staffing industry business. Since PEOs have access to a vast network of insurance carriers and other industry connections, they can help you find comprehensive, affordable coverage that meets the unique needs of your business and your employees.
At Work Comp Business Insurance Solutions, we help temporary staffing business owners find the best Workers’ Compensation and payroll solutions.
