As HR administration has become a stressor for many small business owners, organizations nationwide have begun to invest heavily in Professional Employment Organizations or PEOs. As an alternative to hiring in-house staff for human resources and payroll services, many businesses would rather turn to a trustworthy PEO to accomplish these tasks.
With the PEO industry growing now more than ever, businesses rightfully want to make sure they are choosing the best of the best. Not all PEOs are the same, so it’s important to choose one with noteworthy outside accreditation, like us here at Vested HR.
Our team will break down what ESAC Accreditation is, how it impacts you, and why we are so proud to have it ourselves.
What is ESAC Accreditation?
The Employer Services Assurance Corporation (ESAC) is a non-profit organization established in 1995 to promote and improve the quality of service and professional development of PEOs. The company works with a network of approximately 100 companies and has over 4000 employers as members.
This is important because it means that the PEOs are held to a higher standard when it comes to quality and services. To be a member, each PEO company must undergo an extensive audit of its operations.
- Only about 5% of PEOs in the U.S. have been accredited by ESAC.
- Vested HR has a Gold Seal of Approval by ESAC.
Vested HR is Proud to be ESAC Accredited
When it comes to PEOs like us, ESAC accreditation is an important quality assurance measure.
It is more than just a stamp of approval, ESAC continuously ensures that a PEO meets the highest standards in financial security and operational reliability.
We are proud to announce that we have been awarded the Gold Seal of Approval by ESAC for our dedication to providing our clients with industry-leading service and operational reliability. But what exactly does this mean for you as our client? We’ll tell ya!
Why Does ESAC Matter to Me, a Business Owner?
When business owners of any size look for a PEO, they are entrusting an outside organization with the private data and legal matters of their employees. It goes without saying that they should want the potential PEO they hire to be held to the utmost standard.
But how do you prove that? By working with an ESAC Certified PEO, you know that your employee’s personal information is in good hands and that you won’t have to worry about being compliant with employment laws.
Is ESAC Accreditation Required for PEOs in Florida?
Despite our belief that you should only work with an ESAC-accredited PEO, this validation is NOT required in our industry at all. In fact, many PEOs outright avoid ESAC, as it is a very expensive path that includes audits of records, tax payments, and fiscal responsibility.
It should make you wonder though, what’s stopping the PEO company from getting this? Is it worth the risk to work with a non-accredited company?
Only about 5% of PEOs in the U.S. have been accredited by ESAC.
According to the National Association of Professional Employer Organizations (NAPEO), there are currently between 780 and 980 PEOs operating in the United States; and only about 5% have been accredited by ESAC.
Vested HR is a Trusted and ESAC Accredited PEO
Vested HR’s Gold Seal of Approval by ESAC means that our service, operational capacity, and security measures are among the best in the industry.
Working with an ESAC-accredited PEO provides you, your team, and your clients the peace of mind of knowing you’re being taken care of by a PEO that is fully compliant with industry standards. All while simplifying the compliance process, admin burdens, and HR management that come along with running your business.
Ready to get started? We are in(Vested) in your success! Call our experienced HR professionals at Vested HR to schedule an evaluation today!