If you’re looking for a way to make your HR-related challenges easier to deal with, perhaps you should check out some of the best PEO providers on the market.
PEO (professional employee organizations) providers supply human resource services to businesses. Chiefly, they contractually share some of your responsibilities as an employer. PEO services generally include payroll, benefits, regulatory compliance assistance, worker compensation coverage, and HR support and expertise.
Often, PEO providers seamlessly take the place of an internal human resources department. Here are some of the things they can do for your business:
- Retaining employees on the PEO provider’s books, but under your management
- Offering significantly better benefits to employees
- Attracting and improving retention of top talent
- Easily allowing access to specialized HR expertise
- Letting you focus on your core business
- Reducing risks from regulatory compliances
Arguably, the biggest advantage of PEO providers is that they can offer the exact volume of HR services that you need. Not only that, but they also give you and your employees access to an intuitive platform where you can get all the information needed.
What to look for in a PEO provider?
While choosing best PEO providers, it’s a good idea to keep a list of all the HR functions that your organization requires and then match them to the features list of the PEO.
Generally, these are the features that PEO providers offer:
- Accreditation to regulatory bodies (like ESAC, IRS, BBB and other)
- Automation of payroll and payments, for full and part-time employees as well as one-off payments
- Paid time off management and calculation
- Automatic direct deposits for both full and part-time employees
- Payroll tax regulation features
- Employee benefits
- Insurance handling
- Keeping up with changing legislation and providing compliance assistance
- Assessing employee requirements and proactively searching with professional recruiters
- Employee relations management
- Workplace training and employee growth and development
- Unemployment insurance and worker compensation coverage
- Centralized software solution with access to support
- Compatibility with your existing accounting software
- Access to specialized HR expertise
Best PEO providers
ADP TotalSource
? Pricing:
Estimated at $125 to $155/mo/employee. Some estimates put it at $300/mo/employee.
? Key features:
- IRS certified PEO partner
- HR administration, talent management and employee benefits
- Payroll and regulatory compliance
- Fortune 500 caliber benefits
- HR specialists dedicated to your business
- Customized HR strategies and programs
- Powerful technologies and data-driven insights
- Services in 140+ countries
- Local expertise to support global workforce
- 60+ years of experience
Visit Here
? Pricing:
Some users peg it at $230/mo/employee.
? Key features:
- Access to Fortune 500 level benefits
- Time tracking, deductions management and payroll management
- Streamlining employee verification and onboarding
- Employee access to pay stubs and benefits info
- Workers compensation coverage, claim resolution and liability insurance
- Employment handbook, employee relations and termination assistance
- HR-related compliance
- Guidance to recruit talent, offer effective training and drive high performance
- Competitive compensation programs
- Manage enrollment, onboarding and benefits all in one place
Visit Here
? Pricing:
Depends on number of employees. For a team of less than 25 employees, the Basic plan is priced at $49/mo/employee and the Plus plan at $99/mo/employee.
? Key features:
- Richer benefits at affordable rates
- Compliance support
- Automate payrolls and payments
- Manage your team from the Justworks platform
- Employees can choose and enroll from the benefits you offer
- Store and distribute employee specific documents
- Automate payroll and payments
- Onboarding and terminating employees
- Full service support
- IRS certified and ESAC accredited
Visit Here
? Pricing:
Flexible pricing that particularly suits start-ups and growing businesses. Minimum 5 employees are required.
? Key features:
- Outsourced, integrated HR services
- Payroll processing and employee benefits
- Legislative and regulatory compliance
- Risk management
- Help with building a solid HR infrastructure
- Guidance for effective employee relations
- Training programs for employee development
- Talent acquisition solutions
- Help with designing benefits package
- Best in class websites to mange HR functions
Visit Here
? Pricing:
Price available only on request.
? Key features:
- Handles payroll processing and payments
- Access Fortune 500 like benefits
- Workers compensation coverage and claims resolution
- Safety programs and consultations
- Time, labor and performance management
- Employee handbooks
- Streamline HR using an easy-to-use portal
- Talent and compensation management
- Employee training
- Expert guidance on a wide range of employee related matters
Visit Here
? Pricing:
Price available only on request.
? Key features:
- Full service HR solution
- Payroll administration and paycheck distribution
- Access to better benefits
- Flexible spending accounts
- Employment law posters
- Policies and procedures
- Employee development and retirement planning
- Workers compensation coverage and claims resolution
- Employment practices liability insurance
- Cost containment and profit protection
Visit Here
? Pricing:
Price available only on request.
? Key features:
- Integrated payroll and tax
- Attractive benefits package
- Up-to-date compliance with rules and regulations
- Comprehensive workers compensation program
- HR administration
- Employee development
- Workplace safety
- Proactive risk solutions
- Cloud-based software tracks employee time and attendance
- Intuitive tech platform for critical HR functions
Visit Here
? Pricing:
Price available only on request.
? Key features:
- Cost-effective services for HR
- Payroll and tax administration
- Talent management and recruiting
- Benefits planning and administration
- Employee and supplemental benefits
- Risk management and workplace safety
- State unemployment and workers compensation
- Tools to build employee engagement and teamwork
- Employer protection program
- Serves a wide range of industries
Visit Here
? Pricing:
Detailed per-employee pricing. The basic plan starts at $59/mo + $4 /mo/employee. For other plans, prices available on request.
? Key features:
- Single solution ‘from recruitment to retirement’
- Calculates, files and submits your payroll taxes
- Group health insurance
- Retirement benefits
- Enter time anywhere: office, online and smartwatch
- Business insurance solutions
- Partnering with top-tier / national carriers
- Simple to switch retirement plans to Paychex
- In app help, chat and phone support
- Compliance with federal, state and local legislations
Visit Here
? Pricing:
Flat fee per month per employee. Varies depending on the State and nature of business.
? Key features:
- Full service HR solution
- Manage payroll and tax codes with one simple solution
- High-level benefits to attract top talent
- Proactive risk mitigation
- Up-to-date compliance
- Phone or online assistance to employees
- Ongoing development for employees
- Pre-built integrations to unify data
- Workforce analytics
- Talent management and compensation guidance
Visit Here
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Keep reading the article at CodeinWP. The article was originally written by Priya on 2021-03-19 08:23:44.
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