As a small or mid-sized business owner, you may feel like your hands are full. From building strong client relationships to overseeing daily business operations, it’s easy to overextend yourself and struggle to allocate your time.
When running a business, managing important HR tasks may fall on the back burner if your plate is already full. However, the burden of tedious administrative tasks doesn’t always have to fall on you. By outsourcing a PEO service provider for your HR functions, you can regain the time and energy needed to elevate your business. If you’re a business owner needing HR support, read below to learn more about how to choose a PEO service provider for your company.
What is a PEO Service Provider?
A PEO service provider, or a professional employer organization, manages a business’ human resource operations. When entering a partnership, a PEO service provider and their client company will enter a co-employment relationship, dividing administrative tasks between each entity.
The PEO service provider will assume administrative tasks, such as payroll processing, benefits packages, taxation, worker’s compensation, and regulatory compliance assistance. Meanwhile, you, the client company, remain in charge of your employees’ work schedules, the scope of work, daily action items, and talent management.
What are some Top PEO Service Providers?
When it comes to partnering with a PEO, you have many options. Whether you’re a startup seeking standard HR services or a mid-sized company looking to expand, your chosen PEO should align with your business needs. If you’re ready to browse the PEO market, read below for more information on some of the top PEO service providers.
If you own a startup or a small business, Paychex could be a good fit. With custom plans and flexible pricing, Paychex offers comprehensive HR solutions to smaller companies looking to gain their footing.
For small and mid-sized businesses seeking access to corporate-level benefits, consider Justworks for your HR needs. Justworks aims to take businesses to new heights, from employee onboarding to HR consulting.
VensureHR specializes in providing comprehensive HR solutions that benefits small and medium-sized businesses the most. They specialize in payroll processing, risk management, and compliance. VensureHR’s solutions are customizable and scalable, so they can meet the specific needs of businesses in various industries, including healthcare, hospitality, and manufacturing.
If you’re seeking top-notch HR expertise for your business, ADP should be on your radar. ADP provides businesses with a team of HR experts who offer customized support for payroll, compliance, administration, and more.
TriNet is an excellent option for businesses seeking industry-specific service plans. Whether its payroll processing or employee enrollment, TriNet has you covered with essential HR solutions.
Small and mid-sized businesses that want to streamline their HR processes while staying compliant with employment laws and regulations should check out Engage PEO. This provider’s services are particularly beneficial for businesses in industries with complex employment laws, such as healthcare, hospitality, and construction.
How do I choose a PEO Service Provider?
Because a PEO service provider plays such a crucial role in your business, it’s essential to choose one that perfectly fits your needs. From affordability to business size, several factors come into play when choosing a PEO. If you’re on the hunt for a PEO, evaluate the following steps to find your best match:
- Identify your HR needs: Determine which specific HR functions your business needs, such as payroll, employee benefits, compliance, etc.
- Research your options: Browse the market and analyze your options based on features, services, price, etc.
- Consider your specific industry: Assess your industry’s administrative parameters, as some sectors may have strict legal requirements for managing HR.
- Find a PEO with PEO.com: After doing some research and putting some top providers on your radar, it’s time to get quotes! Using PEO’s advanced search tools, you can discover what your top providers offer and how they match your business’s needs.
Simplify Your Business with peo.com
At peo.com, we make it easier to find the perfect PEO provider for your business. With access to some of the largest PEOs in the country, our agents provide high-performing options that will unlock your business’s true potential. If you’re ready to take your business to new heights, connect with our team today to shop PEO quotes and receive competitive pricing within 24-72 hours!