What is a PEO?
A Professional Employer Organization (PEO) utilizes the power of numbers to drive down premiums while delivering a more robust benefit offering. It also takes over the non-revenue-producing tasks associated with human resources, so you can focus on growing your business. Specifically, a PEO can help you solve issues in the areas of:
- Insurance Benefits
- Payroll
- Human Resources
- Employment Regulatory Compliance
- Work
According to NAPEO, there are almost 500 PEOs in the U.S. providing payroll, benefits, Workers’ Compensation and many other Human Resources and administrative services.
Studies indicate that companies that utilize a PEO have higher revenue growth, lower turnover rates and are less likely to go out of business.
But not all PEOs provide the same services or operate in the same capacity. Some PEOs provide services that are predefined, allowing them to establish their own rules and capabilities. Others offer services for specific issues or needs as identified per organization. It’s important to determine the PEO that will best meet your company’s needs.
PEO by Design can help. Whether pulling your company out of a predefined service box, increasing service and response times, reducing cost, or simply providing options with benefits or other offerings, we can help identify the PEO that offers the best options for your organization.
With over 40 years combined in the PEO service industry, we can help navigate issues and find the best fit for your company based on your needs.
