American business is undergoing fundamental changes in human resource management, and the PEO industry is a response to market demands. There are several factors driving the growth of the industry. First, over the last two decades, this nation has seen a significant increase in employment-related federal, state, and local laws and regulations. Second, the expertise required to manage a small to mid-sized business has outgrown the experience and training of many entrepreneurs who started these businesses. Third, working Americans demand comprehensive, affordable health care, retirement savings plans, and other employee benefits for themselves and their families. In response to these demands, the PEO industry has divided business into several manageable parts.
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A Professional Employer Organization enables clients to cost-effectively outsource the management of human resources, employee benefits, payroll, and Workers Compensation. PEO clients focus on their core competencies to maintain and grow the bottom line.
Genesis caters to businesses that range in size from 10 to 250 employees; their fields are as varied as technology, hospitality, light manufacturing, processing, professional services, automobile repair, and distribution. The results are consistently successful.
Business owners want to focus their time and energy on the “business of their business” and not on the “business of employment.” As businesses grow, most owners do not have the necessary human resource training: payroll and accounting skills, the knowledge of regulatory compliance; or the backgrounds in risk management, insurance and employee benefits programs to meet the demands of being an employer. Genesis can give small-group markets access to many benefits and employment amenities they would not have otherwise.
Genesis partners with the client to share the responsibility and liability involved in the "business of employment," including risk management, human resources, labor law compliance, payroll, and employee taxes. Genesis shares or assumes liability for payroll taxes, payroll, benefits administration, and Workers' Compensation. Genesis shares an employment relationship with the worksite employee, providing complete human resource management and administration, and employee benefit plans.
Today, owners of growing businesses have to be experts in their line of work and in managing the details of employee administration. Employment-related laws have become increasingly complex and as a business grows, most owners don't have the necessary human resources training, payroll and accounting skills, knowledge of regulatory compliance, or backgrounds in risk management, insurance, and employee benefits programs to meet the demands of being an employer. At Genesis, we have the skills and knowledge necessary to provide companies with the tools to keep their business in compliance without compromising the happiness and safety of their employees or the smooth function of their business.
Our economy of scale enables each client company to lower employment costs and increase the business's bottom line. By relying on Genesis, the client can maintain a simple in-house HR infrastructure or none at all. The Genesis partnership provides our clients with access to sophisticated technological tools for employer and employee self-service that would otherwise be cost prohibitive to small employers. The knowledgeable staff at Genesis provides critical assistance with employer responsibilities and compliance. Partnering with Genesis enables the business owner to focus on the company's core competency and grow its bottom line.
Employees seek financial security, quality health insurance, a safe working environment, and opportunities for retirement savings. Genesis meets these needs by providing employees with benefits that mirror those offered by Fortune 500 companies. In addition, job satisfaction and productivity increase when employees are provided with professional human resource services, training, employee manuals, safety services and improved communications. Genesis provides the specialists in all of these areas.