PEOs are HR professionals whose job it is to relieve administrative burdens, advise on numerous HR and compliance issues, and help organizations recruit, retain, and motivate their employees.
The benefits of working with a PEO can include:
Reduced administrative burdens: By outsourcing HR tasks to a PEO, businesses can significantly reduce the time and resources spent on administrative work, freeing up internal staff to focus on strategic activities.
Access to better benefits: PEOs can offer employees access to high-quality benefits, such as health insurance, retirement plans, and other perks, at lower costs due to their ability to pool clients and negotiate better rates with providers.
Improved compliance: PEOs stay up-to-date with the latest employment laws and regulations, ensuring that businesses remain compliant with federal, state, and local requirements, thereby reducing the risk of legal issues and penalties.
Enhanced employee support: PEOs often provide additional support services for employees, such as HR advice, conflict resolution, and access to professional development resources, contributing to a more satisfied and productive workforce.
Risk management: PEOs help manage risks associated with employment, such as workers' compensation claims and lawsuits, by implementing organizational policies and best practices and providing guidance on risk mitigation strategies.