As highlighted by the U.S. Chamber of Commerce in their article “5 Things You Need to Know About Choosing a PEO”, many business owners start by handling multiple responsibilities, but as companies grow, outsourcing HR functions becomes essential for efficiency. One effective solution is partnering with a Professional Employer Organization (PEO).
A PEO manages key administrative tasks like payroll, employment taxes, and benefits, allowing business owners to focus on operations while retaining control over their workforce. Awareness of PEO services has increased significantly, with a 44% rise in industry recognition since 2018. In 2022 alone, 33% of decision-makers used a PEO, and over 80% of non-users expressed interest in adopting these services in the future.
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Article with all rights reserved, courtesy of U.S. Chamber of Commerce — uschamber.com