As highlighted by BenefitsPro in the article “The rise of PEOs and their growing value to benefits advisors,” the professional employer organization (PEO) industry is undergoing a major transformation, redefining HR for small and mid-sized businesses (SMBs). Once known primarily for helping companies control workers’ compensation insurance costs, PEOs now offer comprehensive HR solutions that are more relevant than ever in today’s regulatory and economic landscape.
The shift began decades ago, with PEOs evolving from “employee leasing” services into trusted HR partners that share employment responsibilities with client companies. This shared employment model enhances clarity and builds long-term trust between PEOs and businesses.
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Article with all rights reserved, courtesy of BenefitsPro — https://www.benefitspro.com/