Frequently Asked Questions
What is co-employment?
Co-employment is a relationship between Odyssey OneSource and a client, in which Odyssey is responsible for handling the requirements of the IRS, Social Security, Unemployment, and more. Odyssey becomes the employer of record as it relates to W-2's, issuing payroll checks, and working with compliance and regulatory matters.
Under this arrangement, a client company contracts with an organization like Odyssey OneSource as a co-employer of its worksite employees. Odyssey OneSource and the client company share certain employer responsibilities, but the client company maintains control of its day-to-day operations and remains responsible for hiring and terminating employees. The provider assumes a certain degree of liability for the company's payroll and tax administration, risk management, workers' compensation coverage and legal compliance.
Contact us for more information or call (888) 680-8800to speak to an Odyssey OneSource representative.
- What is a PEO?
- What is co-employment?
- In a co-employment, who controls my employees?
- How does a PEO and co-employment relationship work?
- What is the difference between temporary staffing services and a PEO arrangement?
- Will I lose control of my business or employees with a PEO arrangement?
- Who is responsible for the employee's wages and employment taxes?
- Who is responsible for state unemployment taxes?
- Who is responsible for employment laws and regulations?
- Who is responsible for workers' compensation?
- I am not comfortable with a full PEO or co-employment relationship, are there other options available?
- What is an Administrative Services Outsourcing (ASO)?
- Why would a business owner use Odyssey OneSource?
- How long has Odyssey OneSource been in business?
- How does Human Resources Outsourcing (HRO) work for my company?
- Why would my business outsource HR?
- How will this relationship affect my employees?
- How does Odyssey OneSource’s PEO and ASO arrangements work?
- What businesses use HR outsourcing solutions?
- What if I already have an HR person, or department?
- Why do I need to worry about HR? I don't have time!
- What problems does Odyssey OneSource help solve?
- What are the costs for human resource services?
- What makes Odyssey OneSource different from other HR Consulting firms?
- Why should I outsource any of my human resources functions or projects?
- Can I easily terminate this relationship if I choose?
- Does my company become part of a large group benefit plan by partnering with your company?
- Does Odyssey offer 401k that can be modified by the client?
- Does the Odyssey 401k plan offer IRS Safe Harbor plan designs?
- Does Odyssey offer any type of Non-Qualified Deferred Compensation program?
- Does Odyssey assist with the procurement of health & welfare benefits?
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