As a small business owner, you have a lot on your plate. You need to worry about generating revenue, managing employees, and running your operations smoothly. This can be daunting when you’re just starting out.
One way to simplify your operations is to work with a professional employer organization (PEO). A professional employer organization (PEO) can manage employee-related administrative tasks. This simplifies your duties, allowing you to focus on building your business.
Before choosing a PEO, it’s crucial to learn what to look for in a PEO provider. This blog explores some of the best PEO companies for small businesses.
What is a PEO?
What is a PEO? What does it do? Let’s quickly review these questions before looking into the best PEOs for small businesses.
A PEO is a company that provides human resources services to other companies. These services can include payroll processing, employee benefits administration, and regulatory compliance.
When you work with a PEO, your employees technically become employees of the PEO, which means that the PEO takes on many of the administrative tasks that come with managing a team of employees. This can be a huge time-saver for small business owners who need more resources to handle these tasks in-house.
Top PEOs for Small Businesses
ADP TotalSource
ADP TotalSource is one of the most well-known PEOs on the market, and for good reason. Forbes lists ADP TotalSource as the best full-service PEO for 2023. They offer a wide range of services, including payroll processing, employee benefits administration, and HR management. They also have a user-friendly platform that makes it easy for small business owners to manage their employees.
ADP TotalSource offers a major advantage – a wide network of benefits providers. This allows them to offer competitive rates on health insurance, retirement plans, and other employee benefits. This can be a big selling point for small businesses that want to provide their employees with robust benefits packages without breaking the bank.
Another advantage of working with ADP TotalSource is their team of HR experts who can help small business owners navigate complex HR issues. This can be particularly helpful for small businesses that don’t have an in-house HR team and need guidance on things like compliance and employee relations.
Justworks
Justworks is another popular PEO that is specifically geared toward small businesses. Fit Small Business ranks Justworks as the best PEO overall for small companies needing low-cost, high-functioning PEO. They offer a range of HR services, including payroll processing, compliance support, and benefits administration. One of the biggest advantages of working with Justworks is that they have a flat fee pricing model, which makes it easy for small business owners to budget for their services.
Justworks also has a user-friendly platform that makes it easy for small business owners to manage their employees. They offer a variety of customizable reports and analytics, which can help small business owners make informed decisions about their HR operations.
Another advantage of working with Justworks is that they offer a range of employee benefits packages, including health insurance, retirement plans, and wellness programs. They also have a team of HR experts who can help small business owners navigate complex HR issues.
Insperity
Insperity is a full-service HR company offering various services, including payroll processing, benefits administration, and HR consulting. According to Business News Daily, Insperity is best for risk management. One of the most significant advantages of working with Insperity is having a team of HR specialists who can help small business owners navigate complex HR issues.
Insperity also offers a range of employee benefits packages, including health insurance, retirement plans, and wellness programs. This can be a big selling point for small businesses that want to offer their employees competitive benefits packages.
Another advantage of working with Insperity is that they have a user-friendly platform that makes it easy for small business owners to manage.
Simplify Your Business with PEO.com
At peo.com, we make it easy to find the perfect PEO for your organization. You can revolutionize your business using our educational resources and extensive access to PEO partners. Plus, our intuitive matching tools make things simple. Connect with our team to shop PEO quotes and receive competitive pricing within 24-72 hours!
