A PEO or Professional Employer Organisation is a type of outsourcing firm that makes running your business easier. Typical services they offer can include; human resource consulting, safety and risk mitigation services, payroll processing, employer payroll tax filing, workers’ compensation insurance, health benefits, employers’ practice and liability insurance (EPLI), retirement vehicles (401(k)), regulatory compliance assistance, workforce management technology, and training and development.
Many businesses are started with the goal of doing something they love, but what they quickly realise is that there is a lot more that comes with it. There is a lot of paperwork, organisation and other meaningless tasks that make running a business tricky and that is where PEO’s come into the picture, they help get rid of the paperwork and hassles.
So what do you need to look for when choosing a PEO?
Well here are some of the Best PEO Companies.
So lastly, do you need one?
Well to put it simply, no, you can do all the hard work yourself. But if you want to focus on the things in your business and have more time to do what you enjoy, then it could definitely to at least look into what the cost is for your convenience.