How do I choose a PEO?

Guidelines for Choosing a PEO

1. Assess your workplace to determine your human resource and risk management needs.
2. Make sure the PEO is capable of meeting your goals.
3. Ask for client and professional references.
4. 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.