Increasingly, both small and large businesses are choosing to outsource some or all of their human resources functions to a Professional Employment Organization (PEO) company that can handle many HR functions such as payroll processing and administration of insurance benefits, assist with recruiting new employees, providing employee orientation and many other services.
A PEO provides the management and administration of your HR functions through the practice of “co-employment,” which means the PEO contractually assumes substantial employer rights, responsibilities and risks by establishing long-term relationships with your employees. Most small to medium businesses simply do not have the resources to hire full-time talent in each specialized HR function. Through the services of your PEO, you have the advantage of specialized expertise in each HR function.
This guide will help you weigh all the factors involved and decide whether your company would benefit from the services of a PEO and to get you started, we will also provide you with several free, no-obligation price quotes by phone/e-mail from recognized and reputable Professional Employment Organizations.