Now we are looking on the crossword clue for: Followers’ suffixes.
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Possible Answers: ITES.
Last seen on: Wall Street Journal Crossword – Oct 11 2018 – Putting On Weight
Random information on the term “ITES”:
A professional employer organization (PEO) is a firm that provides a service under which an employer can outsource employee management tasks, such as employee benefits, payroll and workers’ compensation, recruiting, risk/safety management, and training and development. The PEO does this by hiring a client company’s employees, thus becoming their employer of record for tax purposes and insurance purposes. This practice is known as co-employment.
As of 2010, there were more than 700 PEOs operating in the United States, covering 2-3 million workers.[1] PEOs operate in all fifty U.S. states. Similar services are described in Sweden[2] and Germany.[3]
In co-employment, the PEO becomes the employer of record for tax purposes, filing paperwork under its own tax identification numbers. The client company continues to direct the employees’ day-to-day activities. PEOs charge a service fee for taking over the human resources and payroll functions of the client company: typically, this is from 3 to 15% of total gross payroll.[4] This fee is in addition to the normal employee overhead costs, such as the employer’s share of FICA, Medicare, and unemployment insurance withholding.