ESAC Recognizes Justworks for Its Strong Financial, Ethical and Operational Standards
NEW YORK — November 6, 2019 — Justworks, the nation’s fastest-growing HR technology company, announced that it has earned accreditation through the Employer Services Assurance Corporation (ESAC) Client Assurance Program, the gold standard credential for Professional Employer Organizations (PEO). Justworks serves more than 80,000 employees at thousands of companies across the United States.
ESAC’s Client Assurance Program monitors PEOs for adherence to important financial, ethical and operational standards. ESAC’s program provides tangible assurance of specific employer responsibilities similar to the FDIC for the banking industry. These responsibilities include payment of wages, taxes, employee benefits and insurance premiums; all covered by over $15 million of surety bonds for Justworks clients.
“Running a business can be complicated. At Justworks we are driven by the opportunity to be a support system for entrepreneurs and their teams,” said Justworks Founder and CEO, Isaac Oates. “The ESAC accreditation assures our customers that we will continue to meet the top standards of financial and executive integrity as we pursue our mission to help them grow with confidence.”
“ESAC-accredited PEOs demonstrate their commitment to protecting the public, insurers and regulators,” said ESAC CEO Kerry Brooks. “We applaud Justworks on earning ESAC accreditation.”
ESAC has provided national standards and assurance for the PEO industry since 1995 without a single default of an accredited PEO. Its programs are governed by a Board of Directors including former regulators with more than 100 combined years of PEO regulatory experience.
“Earning the ESAC accreditation requires Justworks to meet more than 40 financial and operational reliability standards on an ongoing basis,” Oates said. “Becoming one of the 5 percent of PEOs in business today who have earned it reinforces our ability to further secure the trust and confidence of our customers.”
About Justworks: Justworks makes it easier to start, run and grow a business. Founded in 2012, Justworks, the fastest growing HR technology company, is a modern support system for work and life. With Justworks, entrepreneurs and their teams get access to big-company benefits, automated payroll, compliance support and HR tools - all in one place. By combining the power of a certified Professional Employer Organization (PEO) with expert 24/7 customer service and a simple and intuitive platform, Justworks gives teams of all sizes the confidence to work fearlessly. To learn more about visit justworks.com, follow us on Twitter @JustworksHR and Instagram @Justworks_HR.
About ESAC: The Employer Services Assurance Corporation (ESAC) is an independent nonprofit corporation that is the official accreditation and financial assurance organization for the PEO industry. ESAC is managed by a board of directors that includes PEO industry attorneys, CPAs and independent directors representing more than 100 years of combined PEO industry regulatory experience. Earning accreditation demonstrates a PEO’s financial stability, ethical business conduct and adherence to operational standards and regulatory requirements. ESAC's mission is to build integrity and trust and provide assurance to the PEO industry, so the industry can reach its full potential in support of America's small businesses. For more information, visit www.esac.org.