How do I choose a PEO?
How do I choose a PEO?
Guidelines for Choosing a PEO
- Assess your workplace to determine your human resource and risk management needs.
- Make sure the PEO is capable of meeting your goals.
- Ask for client and professional references.
- Check to see if the company is a member of NAPEO, the national trade association of the PEO industry.
Why would a business use a PEO?
The quick definition: A professional employer organization (PEO) enables small to mid-sized businesses to provide their employees with access to better, more affordable benefits and streamline a lot of administrative HR functions—like payroll, benefits, compliance, and workers’ compensation.
What is the best PEO?
The 7 Best PEO Services of 2021
- Best Overall: Paychex.
- Best for Small Businesses: Insperity.
- Best for Large Businesses: INFINITI HR.
- Best for Startups: Oasis Outsourcing.
- Best Customer Service: ADP TotalSource.
- Best for Industry-Specific Services: TriNet.
- Best for Benefits: Justworks.
What size company should use a PEO?
While a PEO can benefit most companies, the average company using a PEO has anywhere between 10 and 100 employees. Since that is a pretty large range that encompasses many types of unique businesses, employee size is not always the best indicator of whether or not a company could benefit from a PEO relationship.
Can a public company use a PEO?
Publicly Traded Professional Employer Organizations (PEOs) There are currently five large publicly traded PEOs; ADP TotalSource, Paychex, Insperity, TriNet, and BBSI.
What is a PEO in us?
By definition, PEO stands for “professional employer organization.” A PEO, specifically as it pertains to the U.S. market, is also known as a co-employer. PEOs manage payroll, benefits, and other HR responsibilities for the employees of a client company.