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Employer’s Resource Group, Inc. is a Professional Employer Organization (PEO) registered and licensed in the State of Oklahoma.
The PEO responsibilities are divided between the Client as “Common Law Employer” and ERG as “Statutory Employer” as those terms are defined in the Internal Revenue Code 3401(d) and Treasury Regulation 31.3401 (d)-1.
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Common Law Employer: The client continues to be the common law employer with respect to the employees for the purposes of unemployment taxes, retirement plans and workers’ compensation insurance.
Statutory Employer: ERG assumes the role of the statutory employer with respect to the employees for purposes of payroll, taxes and benefits.
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In our partnership arrangement, the employee is seldom aware of the dual employer relationship.
Here are a few quotes regarding the benefits to joining a PEO:
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- “Why the boom (in the staff leasing industry)?…It lowers the costs for firms.”
- Forbes
- “…PEOs free up managers to focus on the business rather than on employment-related rules, regulations, and paperwork. To spend up to one-quarter of one’s time on employment-related paperwork is indeed a waste of precious, expensive, scarce resources.” – Harvard Business Review
- “Professional Employer Organizations (PEOs) deliver one comprehensive HR package that can be more cost-effective, efficient and robust than maintaining an in-house HR and benefits department and negotiating for competitive benefits piecemeal.” – www.bccolutionsmag.com, April 2006
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