AN ULTIMATE GUIDE TO DEEL'S UNITED STATES PEO & PAYROLL SERVICES

AN ULTIMATE GUIDE TO DEEL'S PROFESSIONAL EMPLOYER ORGANIZATION & UNITED STATES PAYROLL SERVICES

If you are a registered U.S. entity, you might have encountered challenges to adiminister & manage HR and Payroll services of your employess efficiently. But Deel has sorted it out much simple, with its U.S. PEO & Payroll services (where Deel is a platform that simplifies the process of hiring and paying remote workers around the world). These are one of the most significant services of Deel that assist companies having registered business entity in United States, administer & manage their existing employees' HR and payroll needs compliantly (including health benefits).

- By using, Deel's Professional Employer Organization (PEO) & Payroll services, the client company will enter into a co-employment contract with Deel, that means the people you hire are your company’s employees. You are legally responsible for your employees and the PEO is just a strategic partner that supports HR & Payroll functions such as managing biweekly payroll and employee health benefits.

- Deel also has a wide range of Forbes listed clients under its Market Cap.

TOP DEEL CLIENTS

DEEL ACHIEVEMENTS

In this blog post, I will review Deel PEO and Payroll features, working, benefits, pricing and share my personal thoughts while using the platform.

**This post contains partner links, i/we will be compensated if you purchase through these links.

TABLE OF CONTENTS

INTRODUCTION TO DEEL U.S. PEO & PAYROLL
WHAT IS PEO & WHY DO YOU NEED ONE?
KEY FEATURES
WORKING
PRICING & BENEFITS
PROS & CONS
CONCLUSION
ONE LINER

WHAT IS A PEO AND WHY DO YOU NEED ONE?

A PEO is a co-employment agreement where a third-party provider takes on the responsibility of paying, administering & managing benefits for your employees in a specific country or region. This means that you can assign/outsource the complex and time-consuming tasks of HR, payroll, tax filing & compliance assurance, insurance & employee health benefits to a PEO, while retaining full control over your existing employees' work and performance.

A PEO can help you save time and money, reduce risks and liabilities, and access better benefits and perks for your employees. It may also help you expand your business into new markets with the condition of having your business entity pre-registered there.

TENTATIVE DUTIES OF AN IDOL PEO

PEOs are used by business owners to outsource HR tasks such as payroll and paycheck processing, tax administration, and regulatory compliance. Additional HR and administrative responsibilities that can be delegated to a PEO include:

Recruiting and selection

Onboarding and deactivation

Administration of employee benefits, including health insurance and ACA compliance

Coverage and claims for workers' compensation

Candidate selection

Templates for policies and employee handbooks

Medical and family leave

Data on salaries and market comparisons

KEY FEATURES OF DEEL PEO

Deel is a global platform that offers PEO services in over 150 countries, including the United States. With Deel, you can hire employees in the US as if they were local to your company, but you must have a pre-registered business entity there. Deel will assist you in providing payroll, human resource services, health & insurance benefits etc. for your US employees. You can also co-manage & check HR & payroll reports through an online dashboard.

Deel's PEO features include:

- Payroll: Deel PEO handles the payroll processing for your US employees, including direct salary deposits, tax withholdings, deductions, and reporting. With Deel's EOR You can pay your employees in USD or any other currency of your choice, with competitive exchange rates and low fees.

- Benefits: Deel PEO offers a comprehensive benefits package for your US employees, including health insurance, dental insurance, vision insurance, life insurance, disability insurance, 401(k) retirement plan, commuter benefits, wellness programs, and more. You can customize the benefits package according to your budget and preferences, and deel will handle the enrollment and administration for you.

- Compliance: Deel PEO & payroll provides partial compliance services to the client. It ensures that your US employees are compliant with the federal, state, and local laws and regulations. Deel PEO may assist in providing employment contracts, offer letters, onboarding documents, background checks, I-9 verification, W-2 forms, and more. Deel also provides legal support and guidance in case of any disputes or issues with your US employees &/or whenever needed.

- HR: Deel PEO provides HR support and services for your US employees, including employee onboarding, performance management, feedback surveys, employee handbook, policies and procedures, termination assistance, and more. Deel also assigns a dedicated account manager to each client who can answer any questions 'or' concerns you might have.

WORKING OF DEEL PEO

PEO services are generally availed by small to mid-size businesses ranging from accounting firms to high-tech companies and small manufacturers. Working of Deel PEO is described as follows:

When a company hires a PEO, it enters into a co-employment agreement. The PEO and client share employer responsibilities and liabilities as co-employers. In a PEO agreement, both parties outline the allocation of these responsibilities (also known as a PEO client service agreement).
The client company retains ownership and control over its operations, including employee day-to-day management, product development, marketing, sales, and service. Administrative tasks, employee records, employee benefits, payroll processing, and employment taxes are typically handled by the PEO.
The agreement defines which employees are covered and establishes compliance obligations, in addition to identifying each party's responsibilities.
Both the client company and the PEO are subject to compliance requirements. However, PEOs typically assume much of the liability for the employment business, such as risk management, human resource management, payroll taxes, and employee tax compliance—all of which contribute to business owners' peace of mind.
PEOs are frequently in charge of workers' compensation insurance liability and will prioritize safety and compliance. PEOs can also provide coverage under many domestic employment laws and regulations, including federal, state, and local discrimination laws, to worksite employees.

DEEL PRICING & BENEFITS

PRICING PLANS OF VARIOUS DEEL SERVICES

PEO (Professional Employer Organization) Services: You need to contact Deel PEO sales to know the exact pricing of US PEO & Payroll as per your company's requirement. Although, PEOs generally charge an administrative fee for their services, typically based on one of two pricing structures: a fixed monthly fee per employee, typically around $1,000 per employee per year 'or' a percentage of your total payroll, usually 2-11%.
EOR (Employer of Record) Services: It will cost around $599/month/employee.
Contractor's Plan: It will cost around $49/month/contract.
Global Payroll: You will have to contact sales to discuss custom pricing as per company's requirements & team size.
Deel HR: This service is free for small size companies upto 200 team members. You will have to contact sales for company team size(s) of more than 200 members.
Immigration: Contact sales for custom immigration costs, as per company's requirement.

DEEL PEO PROS & CONS

Deel PEO can be a great way to outsource your domestic HR, payroll & employee welfare duties, but it is not designed to help you expand internationally.

Pros

It relieves your company of many HR-related tasks.

Domestic compliance assistance is available in all supported states.

Strengthens your domestic HR.

You will save money in the long run.

Cons

Does not advocate for international expansion.

In the case of international compliance issues, does not accept full legal responsibility.

It does not help in the creation of employment contracts.

PEOs can be accredited in the United States. The IRS certifies PEOs through the CPEO (Certification Program for Professional Employer Organizations) program, while ESAC (Employer Services Assurance Corporation) is the independent third-party accreditation provider. PEOs in the United States are typically members of NAPEO (National Association of Professional Employer Organizations).

CONCLUSION

Deel's US PEO & Payroll services assist, perform & simplify HR, payroll, employees' welfare, security & health related tasks against the restrictions as described in the co-employment agreement between Deel & the client company. It also administers & manages tax payment withholding & compliance related tasks for U.S. based entities under the PEO scheme. Deel also offers competitive benefits and perks to attract and retain US talent against the scheme. Overall, Deel PEO can be worthy for small to mid size US business entities where mid to enterprises level can go for can go for a better option i.e. Deel EOR services (if you are agreed to hire remote workers internationally). We can also conclude that Deel PEO is a partially (Deel & client) managed co-employment solution whereas under Deel EOR scheme, deel is fully responsible for managing all the company employee aspects (legally) such as hiring, paying, HR, payroll, compliance, tax etc. including all the local laws and govt. regulations.

ONE LINER: "Deel PEO services are used under following conditions: a.) For U.S. firms, where on the job employees are required. b.) For job processes, where remote work is not possible. c.) Small to mid size companies seeking lower spending limit to manage existing employees &/or hire new employees (optional)."