PEO is the acronym for “professional employer organization.”
These outsourcing firms provide business services for functions like payroll, HR tasks, administrative roles, and other crucial activities to running a company.
PEO service providers are incredibly appealing for business owners because they reduce the workload of mundane but critical tasks.
Outsourcing these roles are cost-effective as well. Instead of having a full-time HR staff on your payroll, it’s much cheaper to contract that work. Plus, PEO service providers have the ability to negotiate rates related to employee health insurance or workers’ compensation expenses.
Whether you’re interested in hiring a PEO service for the first time, or looking to switch providers, this guide has you covered.
The 7 Best PEO Service Providers
There are countless PEO services available on the market today. From local providers to national names, and everything in between. Some PEO services are industry-specific, while others are intended for businesses of a certain size.
Finding the best PEO provider for your business can be challenging if you don’t have any guidance.
I narrowed down and reviewed the seven best PEO service providers below. I’ll cover the features, benefits, costs, and any drawbacks of each one as we continue.
Justworks is a full-service PEO provider offering payroll, human resources, compliance, and employee benefits under a single umbrella package.
The company launched in 2012 but has quickly…