There are pros and cons to using a PEO. On the plus side, PEOs can offer small businesses access to a wide range of HR services, including employee insurance and retirement planning. They may also be able to offer lower costs than traditional brokers.
However, some critics argue that PEOs can take business away from more specialized brokers, which could ultimately disadvantage small businesses in terms of advice and support. Additionally, PEOs often don’t have the same level of experience or expertise when it comes to working with companies in the tech or startup space.