Pilots, real estate agents, and construction workers—these are just a few of the industry professionals who benefit from professional employment organizations. From organizing employee benefits packages to keeping track of payroll, a PEO helps businesses of all sizes and industries tackle the most tedious administrative tasks.
At peo.com, we help businesses across all industries unlock their true potential. With an expansive network of industry-leading PEO providers, our team is dedicated to helping you find the perfect PEO for your organization. If you’re interested in taking your business to new heights but aren’t sure if a PEO is right for you, allow us to do what we do. Read below to learn about PEOs and the types of businesses they benefit.
What types of businesses need a PEO?
When partnering with a PEO, it’s not necessarily one size fits all. While small and midsize businesses most commonly enter co-employment arrangements with PEOs, larger companies can also benefit from their services. After all, what’s not to love about lower business costs, valuable HR support, and more free space in your calendar to focus on your business’s core functions?
While PEOs benefit businesses of all sizes, they also are fit for a broad range of industries. From healthcare to construction, PEOs are valuable assets for almost all industries, including but not limited to:
- Real estate
- Computer services
- Health services
- Legal services
- Management consulting services
- Accounting, auditing, and bookkeeping
- Plumbing, HVAC, electrical
- Nonprofit organizations
What services can a PEO provide?
PEOs provide a variety of services that give businesses the freedom to thrive. Taking time-consuming administrative operations off your plate, a PEO allows you to fully commit to your business’s most essential functions and take your organization to the next level. In general, PEO help with the following tasks:
Payroll and Tax Filing
Your PEO will process payroll and report payroll taxes on your behalf. Some may also integrate payroll with time and attendance to avoid duplicate data entry and errors.
Employee Benefits Packages
Your PEO will grant your business access to high-quality health plans, along with dental care, retirement benefits, and other attractive employee perks.
Your PEO will have compliance expertise about ongoing changes in employment regulations. Some areas of their expertise may include payroll tax law and reporting requirements, unemployment insurance, worker’s compensation, hiring, and HR compliance.
Human Resource Support
If you already have an in-house HR team, your PEO can partner with them to improve employee satisfaction and support.
In some instances, a PEO may offer talent services, like recruiting and hiring strategies, employee training and engagement, and performance management
How can a PEO help a business grow?
A PEO can completely change your business’ growth trajectory. By reducing liability and increasing efficiency, a PEO will help you to completely hone in on critical business functions and maximize expansion. With compliance support, strong employee engagement, and lower benefits costs, companies with PEO partnerships grow 7-9% faster than their competitors, with 10-14% lower turnover.
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!