Ideal for startups that want flexible outsourcing options without upfront commitment. Also valuable for small to mid-sized businesses seeking intuitive HR, compliance, and admin support while focusing on growth. As a small business owner, you might be weighing your options on whether or not to co-partner with a PEO. While PEOs can involve upfront costs and commitments, they also offer long-term savings, access to better benefits, and a minimized back-office workload—among other advantages.
Dr Kristine Lennie holds a PhD in Mathematical Biology and loves learning, research and content creation. She had written academic, creative and industry-related content and enjoys exploring new topics and ideas. She is passionate about helping create a truly global workforce, where employers and employees are not limited by borders to achieve success. Each business is unique, with its own specific pain points, goals, and operational needs. This is why finding a trusted co-employment partner—one that understands your challenges and adapts to your growth—is so important.
The Best PEO Companies For Businesses
ADP TotalSource is ideal for mid-sized and growing firms that require an all-inclusive HR solution. It suits firms that want to automate payroll, benefits, and compliance and provide employees with competitive benefits and professional HR services. Syndeo specializes in offering HR outsourcing solutions tailored to fit the unique needs of each business they partner with. Based in Kansas, their commitment to providing personalized services ensures that businesses receive HR support that is directly aligned with their specific challenges and goals.
Outsourcing your HR needs to a Professional Employer Organization can help streamline your business operations. Elevate your hiring process with Job Description Generator – a tool to create customized, compelling job descriptions, attracting the right candidates effortlessly. By providing feedback on how we can improve, you can earn gift cards and get early access to new features.
Paychex PEO
The company focuses on comprehensive payroll services, full HR delivery, employment policies and procedures, as well as new hire management. The intended result is to not just save you time but also retain your most valuable employees. A professional employer organization (PEO) is a co-employer of a person and becomes liable for tax implications, HR, payroll, and benefits. In contrast, the original company/employer is liable for the day-to-day responsibility of the employee. Such firms typically offer full-service HR solutions for small firms that do not have the budget to create a full-scale HR department. A PEO will act as an HR department on your behalf, but is not technically employed by your firm.
Deciding When to Use a PEO: Risk & Opportunity Assessment
Learn more about the different types of payroll software and how to know which is right for your business. PEO companies take some troublesome payroll and HR tasks (such as benefits management, recruiting, and payroll) off your plate and manage them for you. They also provide global benefits administration, making it easy to offer health, insurance, and retirement plans that fit each employee’s location without juggling multiple providers. Skuad offers PEO services designed to manage hiring, payroll, benefits, and compliance through a single platform. They also offer EOR services to businesses of all sizes that want to expand quickly without setting up legal entities in new markets.
It’s probably more trouble than it’s worth unless you are hiring full-time employees outside the country. This is a PEO provider with the ability to handle these elements without upsetting the balance of your organization. Below is a FAQ section designed to answer common queries about PEO services for small businesses. These clear, concise responses provide essential insights to help you decide if partnering with a PEO is the right move for your company.
How we tested the best PEO service
Lastly, Paychex PEO also offers personalized HR guidance, including a US-based support team of HR professionals who best peo for small business will get to know your business and provide personalized recommendations. You can use their software platform to track your team’s daily hours, manage time sheets, approve PTO, and oversee pay and benefits in one place. Employees have a self-service portal where they can access digital copies of their pay stubs, see their contributions, and manage their retirement accounts. The GateWay platform ties it all together by giving you real-time visibility into tax obligations, payroll status, and compliance deadlines across every country you operate in.
- Our mission is to equip business owners with the knowledge and confidence to make informed decisions.
- By partnering with a PEO, companies can access affordable, comprehensive HR solutions and mitigate risks through professional guidance.
- Their flexible pricing models and focus on delivering cost effective solutions make them a strong choice for business owners mindful of monthly fees.
- As HR professionals ourselves, we know how critical and difficult it is to make the right decision when selecting a provider.
- The right balance depends on how much hands-on management you want to retain versus the efficiencies you hope to gain.
Transform your workflows and save time and resources by outsourcing your HR and administrative functions. With our integrated platform, you can streamline back-office processes, optimize record-keeping, and manage your workforce in one centralized place, with clear pricing and no hidden costs. In addition to considering the industry experience of a PEO, it can also be helpful to review customer reviews and ask for references from businesses that have worked with the PEO. Customer reviews can provide insight into the experience of businesses that have used the PEO’s services and can help you get a sense of the PEO’s reputation.
How TriNet pricing works
It’s also a good choice for younger businesses as it only requires small business owners to have just 2 employees to use their services. This is a great advantage seeing many larger, more established PEO firms in the United States have higher barriers to entry. Headquartered in San Francisco, Deel specializes in PEO services for remote teams, handling payroll, HR compliance, and benefits administration across all 50 US states. It provides state-specific tax compliance, automated payroll processing, and risk mitigation for businesses hiring across multiple jurisdictions. It provides customized HR solutions, compliance risk management, and workers’ compensation support.
- Regardless of whether one operates a neighborhood bakery or an innovative tech startup, understanding these benchmarks is crucial.
- Besides this, it can enable each customer to pass specific, important standards like ERISA, OSHA, and HIPPA.
- This allows small business owners and the PEO team to make changes to any employee’s laptop from the Rippling platform.
- For instance, clients can utilize on-site safety inspections, workplace safety training, return to work programs, and online safety pieces of training on over 80 topics.
Paychex: Best PEO for Large Companies
This can improve employee satisfaction and retention, benefiting your team in the long run. I’ve spent years reviewing HR software and services for People Managing People, helping thousands of readers make smart decisions about the tools and services they use to run their teams. In this article, I’ll walk you through the best PEO providers for small businesses based on real capabilities, not hype—so you can find the right fit faster.
With operations in the US and EU, Rippling combines PEO services with advanced HR technology, handling payroll, benefits, and compliance automation. It provides automated tax filings, COBRA administration, and EPLI coverage, reducing legal risks for employers. Payroll software is generally managed by the business owner or in-house HR manager, whereas with a PEO (professional employer organization) payroll and HR management is outsourced to a separate company.
You may not have an HR team as of today, but you could hire someone in-house within the next six months. Plus, all the marketing fluff out there makes it difficult to understand what makes each provider unique, what they actually offer, and which one is best for your team. You also don’t have to worry about federal employee taxes because the IRS-certified ADP team preps, files, and pays them for you. However, no PEO solution is complete without software designed with your administrators and employees in mind.
Support is mainly via the re360 portal and a web form; live chat and clear phone hours are unavailable. A professional employer organization (PEO) provides outsourcing services for employee-related tasks, such as payroll and benefits administration, to small and midsize businesses (SMBs). PEOs essentially act as a human resources (HR) department for their clients, relieving them of the burden of these time-consuming administrative tasks.