*Our Top 3 Picks
Our Top Pick
Paychex
TriNet
Insperity
Paychex
TriNet
Insperity
Why We Like It:
Why We Like It:
Why We Like It:
Why We Like It:
Why We Like It:
Why We Like It:
One appealing quality of PEOs is their reputable administrative services, which are particularly helpful for small business owners who already wear many hats and don’t have time for all the necessary paperwork. Since PEOs are experienced in managing HR and administrative tasks, you can outsource these responsibilities to them and free yourself to focus on other aspects of your business while resting assured your employees are properly managed and supported.
Navigating business laws, regulations and other compliance issues requires expertise that many business owners don't possess. A small compliance mistake can have big repercussions. Partnering with a PEO allows businesses to work with compliance experts who stay up to date on all of the changing employment and payroll laws and requirements, helping you avoid any costly mishaps.
Because PEOs co-employ multiple businesses’ employees, they can offer better employee benefits than you might otherwise be able to provide as a single small business. PEOs typically offer medical, dental, vision, life, and long- and short-term disability insurance. Some boast additional options, like flexible spending accounts (FSAs), health savings accounts (HSAs) and health reimbursement arrangements (HRAs).
PEO vendors provide access to their HR technology platform. These systems typically include the key features you would expect to find in an HR software solution, including reporting tools. Many PEO tech platforms also have performance management tools, digital onboarding workflows and document management capabilities. Some PEO programs are more tech-forward than others, but all of the services we recommend offer some HR technology tools to PEO customers.
Global expansion is no longer reserved for large enterprise businesses when you partner with a PEO. If you want to hire across multiple states or even multiple countries to find talent that best suits your company's needs, a PEO can help your small businesses register in new states or countries and manage local compliance and payroll requirements. International PEOs can also help with immigration and visa processes if needed.