A professional employer organization (PEO) provides comprehensive HR solutions for small and mid-size businesses. Payroll, benefits, HR, tax administration, and regulatory compliance assistance are some of the many services PEOs provide to growing businesses across the country.
According to the National Association of Professional Employer Organizations (NAPEO), small businesses that work with PEO’s can grow 7 to 9 percent faster, have employee turnover that is 10 to 14 percent lower, and are 50 percent less likely to go out of business. The return on investment of using a PEO, in costs savings alone, is on average 27.3 percent.
By conducting a business needs analysis, you can determine if a PEO solution is viable for your business but more importantly, determine the best and most capable PEO from a growing number of PEO solutions.
Doing competitive analysis of the PEO marketspace and comparing PEO proposals, while vital and crucial, can be complicated and time consuming. By comparing options through a customized PEO comparison, you gain the competitive advantage to partner with the most efficient and proper PEO solution.
Implementing a co-employment relationship can be complex and requires a delicate implementation strategy. Rely on our wizdom to guide you step by step through a successful launch of your new PEO relationship.
Is it time to terminate your PEO ? Our wealth management, business insurance and benefits divisions can help companies make an informed decision by comparing your current PEO relationship to non-PEO solutions for your group benefits, payroll, workers compensation, 401(k), and other HR related services all under one integrated transition strategy.