Professional employer organizations make big-company benefits packages available to small and midsize businesses.
Here are a few common things we’ve discovered that can discourage startups:
Professional employer organizations (PEOs) offer a stunning array of potential benefits to small and midsize businesses (SMBs), especially those in growth mode.
Research shows businesses that use a PEO gain a competitive advantage in attracting the best employees. Often, PEOs allow them to offer a higher level of benefits than they would be able to afford on their own. Most importantly, offloading responsibility for HR, payroll, benefits, workers’ compensation, and other administrative tasks to a PEO frees up leaders to focus more of their time and energy on their core competencies and strategic issues.
A PEO FOR EVERY NEED
There are many different types of PEOs. Some have national or regional operations; others work within a single state. Some even focus on specific industries.
At PEOPayGo, we work at all ends of the employment spectrum. “We have niche markets that we focus on. We work in staffing, agriculture, trucking, and construction, Grey collar and white-collar companies from 1 to 2500 employees. We’ve done some of the industries that are a little more challenging to some of the larger PEOs. PEOPayGo works closely with a third-party administrator to manage workers’ compensation claims and help control costs. That’s very important to growing businesses in the sectors we serve!