The Power of PEO
the power of peo
What Makes a PEO Different?
PEOs partner with businesses to provide payroll, benefits, and human resources support through co employment services. They operate under a co-employment model, meaning you will still have control of all your employees, but they legally appear on the PEO’s books for tax and compliance purposes. There are several advantages to working with a PEO, such as sustained growth and saved time. As your business expands and the demands of growth weigh on your day-to-day responsibilities, PEOs can take time-consuming, routine processes off your plate. This includes using hr automation software to streamline tasks and improve accuracy.
Benefits of Using a PEO
Dedicated HR expertise
Dedicated HR professionals and specialists will deliver personalized guidance and actionable HR advice based on your needs and help you meet your business goals. Their expertise includes risk mitigation for employers, helping protect your business while managing your workforce effectively.
Tailored solutions for your business
Customized solutions to meet your business’s unique needs, catering to your size, industry, location, goals, and culture. This often involves integrating hr automation software to simplify HR tasks.
The technology you deserve
Cloud-based technology will allow you greater agility by simplifying complex HR administration functions, freeing up time and resources, and creating more efficient processes. This use of hr automation software is a key part of driving business growth through HR.
What ROI Can You Expect from a PEO?
According to research by the National Association of Professional Employer Organizations, businesses that work with a PEO can benefit from a detailed PEO financial breakdown that shows clear cost savings and improved efficiency:
Save up to $1,775 per employee per year in HR costs.
Save an average of 27% on their HR-related costs.
Save an average of 30% on their expenses related to workers’ compensation.
Expect fewer concerns about hiring, retaining, and motivating employees.
