Professional Employer Organizations in India | PEO Company

 A professional employer organization (PEO) is an HR outsourcing firm that provides services to small and medium-sized businesses (SMBs). Typically, the PEO offering may include human resource consulting, safety and risk mitigation services, payroll processing, employer payroll tax filing, workers, compensation insurance, health benefits, employers practice and liability insurance, retirement, regulatory compliance assistance, workforce management technology, and training and development. The PEO enters into a contractual co-employment agreement with its clientele. Through co-employment, the PEO becomes the employer of record for tax purposes through filing payroll taxes under its own tax identification numbers. As the legal employer, the PEO is responsible for withholding proper taxes, paying unemployment insurance taxes and providing workers compensation coverage.

A Professional Employer Organization, or PEO, is a business model that helps small to mid-sized businesses manage the everyday HR needs that smaller businesses struggle to handle alone, like paying employees, filing payroll taxes, providing health insurance and other benefits, getting workers compensation coverage, writing employee policies, managing employee issues, and more.

By combining the employees of several companies into one large pool, professional employer organizations also known as employee leasing companies can offer business owners better rates on health-care and workers’ compensation coverage. The net effect can be significant savings of your time and money.

Employment responsibilities are typically shared between the PEO and the business owner. You retain essential management control over the work performed by the employees. The PEO, meanwhile, assumes responsibility for work such as reporting wages and employment taxes. Your main responsibility is writing a check to the leasing company to cover the payroll, taxes, benefits and administrative fees. The PEO company does the rest.

WHY MME FOR PEO SERVICES:

MM Enterprises provides small & medium sized businesses that have at least five employees or more than that, with flexible coverage and comprehensive service options. Businesses that partner with MME have access to more than 5,000 training resources, as well as payroll processing, benefits administration, complete HR solutions and risk management. It has extensive services for human resources, workers’ compensation, employee onboarding, government compliance and workforce optimization. MME recruitment company provides small medium sized businesses and employees with reliable services. Additionally, it can help you analyze and overhaul various business processes to make your company more efficient.

MME global HR provides one of the most robust service selections of any PEO we reviewed without sacrificing personalized support. MME offers a dedicated support team, including an HR manager, client liaison, HR specialist, payroll services specialist, performance specialist, benefits specialist, recruiting specialist and a safety consultant. Since MME is an accredited PEO, you can feel a sense of reassurance that you are partnering with a reputable PEO company in India.

The best type of pricing structure for your company depends on several factors, such as the number of employees you have, whether you employ part-time or full-time employees, employee salary levels and expected company growth. PEOs rarely give you the option of choosing your pricing structure.

Before you embark on finding a PEO for your company, weigh the pros and cons of each structure and how the costs may change as your business scales. It is also useful to run the numbers. Calculate what may be more cost effective for your business. Is a PEO that you pay for per employee more financially manageable than a percentage of your payroll, or will you save more by paying a percentage of total payrolls.