PEO Services
What is a PEO?
PEO is an acronym for Professional Employer Organization. Simply put, it’s a company that provides “co-employment services” so you can focus on your main business. Payroll, health insurance, workers compensation, HR guidance & compliance are all handled for you by an expert team of dedicated professionals.
What are the benefits of a PEO?
You save time, money, and manpower on back-office administration tasks because a PEO does it all for you. You could cut your time expenditures by as much as 25%. PEOs also give you access to SHRM (the Society for Human Resource Management) guidance that can reduce your overall liability as an employer and enhance employee relations.
Can a PEO improve the cost of employee benefits?
Healthcare costs keep rising, as do other employee perks. Searching for the best packages year in and year out can severely hinder your company if not destroy it. This is a chance to stop the madness. Because PEOs pool together a much larger base of members, they typically have significantly greater purchasing power with insurance carriers. So you can offer your employees superior benefits at a more affordable cost each year. This is not only a huge advantage for you, but it can be a boon for recruitment and help you retain employees as well.
Can I find a PEO on my own?
Sure, but it will probably take a lot of time, effort, and resources to find the best PEO. Searching, analyzing, negotiating, and documenting is like having another full-time job that could take months.