A professional employer organization (PEO) is a firm that allows business owners to outsource many of their HR management and administrative responsibilities. These can include:
Partnering with a PEO lets business owners and leaders focus on growing their business instead of worrying about HR tasks.
Studies from the National Association of Professional Employer Organizations (NAPEO) have shown the value a PEO can bring to small and medium-sized employers:
Contact our team today to learn more about PEO services and how your business can benefit from this HR solution.
What makes a business a potential fit for PEO services? There are 3 characteristics that could make an employer better suited for a PEO partnership.
1) Company Size
According to NAPEO, the average size PEO client has 23 employees. But PEOs will work with companies of all sizes, ranging from startups with as few as 1 full-time employee to medium-sized employers with around 500 employees. Some PEOs will even work with employers who have more than 500 workers.
2) Looking to Grow
Partnering with a PEO helps owners grow their business by giving them a trusted HR partner and enabling them to focus all their effort on high-value activities. Small and medium-sized employers who want to grow often gain the most PEO services.
3) Seeking Modern, High-Quality Employee Benefits
PEO clients get access to the same quantity and quality of benefits as Fortune-500 employers. These go beyond traditional benefits and include perks like voluntary benefits, complimentary benefits, and more. Often, the benefits offered by a PEO can be tailored to each client, making them more valuable to employees while helping to improve retention and recruiting.
While each PEO will have their own unique solutions and products, most will offer the following three main services: HR Services, Employee Benefit Services, Risk Management and HR Compliance Services.
Employee Benefit Services
Risk Management and Compliance Services
To learn more about PEO services, or to find a PEO that best fits your business, contact our team today.