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What is a PEO? A Professional Employer Organization (PEO) provides small businesses with an easy, integrated, all-in-one solution to back-office complexities like payroll, benefits, HR and compliance. The benefits of a PEO are many. For example, recent research conducted by Oasis, a Paychex® Company, found that nearly half of small business owners spend roughly one day a week or more on administrative human resource (HR) issues. What is this time costing your business?
So, why use a PEO? Small businesses that work with a PEO can realize cost-savings of up to $1,775 per employee, 20% less employee turnover, 63% lower healthcare costs, and significantly fewer concerns related to hiring, retaining and motivating employees.
The advantages of a PEO are clear. To learn more about PEO services, download our white paper by filling out the short form on the right side of your screen.