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Professional Employer Organization (PEO): Right for Your Business?

Business Management Daily

Professional employer organizations (PEOs) offer a cost-effective solution to this problem. Besides the cost savings, working with a PEO can yield many benefits to employers. NAPEO (National Association of Professional Employer Organizations) economists Laurie Bassi and Dan McMurrer conducted research into PEOs.

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HRO Meaning: Human Resource Outsourcing

HR Stacks Blog

Some of the most common functions they handle include: Payroll Processing: Managing salary payments, tax deductions, and ensuring compliance with local and international wage laws. Employee Benefits Administration: Handling health insurance, retirement plans, and other perks to ensure employees receive their entitled benefits.

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PEO Costs: Does PEO Make Sense for Your Business?

Zenefits

A professional employer organization (PEO) provides a range of services to companies that want to outsource human resources administrative tasks. They are staffed by professionals specializing in human resources, taxes, compliance law, and accounting. PEOs and their clients are considered co-employers.

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What is a PEO (& why do you need one)?

Genesis HR Solutions

A Professional Employer Organization (PEO) allows its clients to outsource many of their human resource functions, share employment liability, and, oftentimes, gain economies of scale to bring an improved benefits package to their employees. How can PEO services help my company? PEO Health Insurance. PEO Benefits.

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The Ultimate Guide To Professional Employer Organizations (PEOs)

HR Stacks Blog

A Professional Employer Organization (PEO) is a firm that provides comprehensive HR solutions to businesses by handling payroll, employee benefits, regulatory compliance, tax administration, and other workforce management functions. You may read more about PEO statistics here. How Does A PEO Work?

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IFEBP Study Shows 40% of Companies Are Outsourcing Their Benefit Functions

Extensis

This collective call for support gives brokers and PEOs an opportunity to work together to help clients ease their HR burden and prolong business growth. Rather than piecemealing a HR plan together through separate vendors, there’s the value of a comprehensive, customizable HR solution through a PEO partner to consider.

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How Businesses Can Leverage PEOs For Growth And Efficiency

HR Stacks Blog

Professional Employer Organizations (PEOs) provide comprehensive HR solutions for businesses by handling payroll, benefits administration, compliance, and risk management. By partnering with a PEO, businesses can outsource essential HR functions, allowing them to focus on their core operations.