Employer of Record (EOR) provides many of the same human resource services as Professional Employer Organization (PEO), like payroll processing, tax collecting/remittance, state regulation compliance, risk management, worker's compensation, and sometimes even employee benefits. However, there are many differences between the two and SETO CORP INC can help you find the solution that best fits your businesses needs.
Sometimes PEOs may have difficulty getting worker's compensation insurance for businesses in risky industries. If the nature of your business is accompanied by a risky worker's compensation code you would be forced to seek insurance on your own. Partnering with an EOR covers your employees under their master plans.
Using a PEO still requires you to register your business in any state you plan to do business. Employer of Record are usually set up across all states, allowing their clients to operate freely in any state the EOR is registered.
Using the PEO model leaves employment contracts with you, Employer of Record actually becomes your employee legal employer, leaving any employment contracts with the EOR much like a staffing company and their temporary workers
A PEO do not assume responsibility of the treatment of the employee(s). This leaves any statutory compliance risks with the client. Employer of Record become the employees legal employer and assume ALL RISKS involved.
SETO CORP, INC. Office 732-858-1448 Fax 732-862-1335
Copyright © 2020 SETO CORP, INC.