PEO Frequently Asked Questions
What is a PEO?
A PEO is a business entity that provides Human Resources Services, Employee Benefits, Payroll Administration, and Risk Management Services to its client companies on an outsourced basis through the use of a co-employment relationship.
What is Co-Employment?
In a co-employment relationship, the PEO acts as the administrative employer and the client acts as the worksite employer. The employer maintains control of the business and is in charge of all business decision-making including employee supervision and staffing decisions. The PEO handles the time-consuming administrative tasks associated with the employment relationship.
What Types of Companies Use PEOs?
Companies in virtually every industry use the services provided by a PEO. Any company interested in trying to improve its performance in an increasingly competitive marketplace should consider this type of partnership.
How Will My Business Benefit from Working with Oasis, a Paychex® Company?
By choosing the PEO services of Oasis®, you are better positioned to:
- Focus on Your Core Business – Remove nonrevenue producing tasks and spend more time on what counts: developing and retaining customers.
- Lower Expenses and Increase Profits – Outsource your human resources, benefits and payroll administrative tasks to a provider who has economies of scale and broad expertise.
- Become an Employer of Choice – Provide world-class Employee Benefits programs that enable you to attract and retain great employees.
- Maintain Peace of Mind – Protect your business and ensure legal compliance with improved risk management, safety support, training and claims processing services.
Does Oasis Have to Process the Payroll?
Yes. Paying wages is an essential component of the co-employment relationship. Without this component, a PEO would not be able to provide workers’ compensation, health benefits and various other services that rely upon the co-employment relationship’s existence. Employers provide the salary and hours for each worksite employee and the PEO processes the payroll with your imprinted company name on each check and files all payroll-related taxes and reports.
Do I Have to Buy All of the Products and Services Oasis Offers? Can I Only Use and Pay for Those Services I Need?
Virtually all products and services offered by Oasis are included at no additional cost as part of our Service Agreement. Additional services are offered on an a la carte basis. This allows us to create a customized plan specific to your needs. You can choose as many of these additional services as you need and only pay for the ones that you use.
Who is Responsible for Employment Taxes?
While the client is responsible for providing the funds to cover payroll and payroll taxes, a PEO administers payment of wages to employees and payment of taxes to the appropriate agencies.
Who is Responsible for Compliance with Employment Laws and Regulations?
One of the responsibilities of a PEO is to provide clients with guidance and education regarding employment laws and regulations. Ultimately, the responsibility for complying with most of these laws lies with the client.
What are Recent Examples of “Innovative Workforce Solutions” that Oasis has Made Available to Their Clients?
Oasis was one of the first PEOs to provide Health Savings Accounts and Roth 401(k) plans to its clients and worksite employees. We are also the first PEO to offer wellness coaching as part of Health Advocate, which provides personalized preventative health and wellness coaching, education and referral services for employees. Recently, Oasis introduced Client and Employee Mobile Apps for easy access to important information.
How Does Oasis Help Me Recruit the Best Employees and Reduce Turnover?
By providing a comprehensive benefits plan, Oasis gives employers the opportunity to attract better employees, retain existing employees, compete with larger employers and become an employer of choice. We also provide a professional staffing group which provides access to discounted professional recruiting services.
How Many Americans are Employed in a Co-employment PEO Arrangement?
Industry experts estimate that 2-3 million Americans are currently co-employed in a PEO arrangement.
Has Oasis Participated in an Independent Audit to Verify its Financial Strength?
Yes. Oasis has successfully completed a Service Organization Control (SOC 1) Type II, also known as SSAE 16 Type II ( formerly SAS 70 Type II) audit. The SOC 1 Type II audit is an in-depth audit developed by the American Institute of Certified Public Accountants (AICPA) to test the processes and internal controls of service providers as they relate to data security and storage, system utilization monitoring, client payroll processing, tax filings and more.