Starting a new business can be an uphill battle. As the owner, you are responsible for everything from forming a business strategy to managing daily administrative tasks. In the beginning, especially, you may have a limited budget and staff, making it difficult to focus on growing your company while managing administrative work. Enter Professional Employer Organizations (PEO) services.
In this post, we’re going to explore the benefits of PEOs and discuss how they can help startups amplify their growth. We’ll also look at the top PEO companies, including Paychex PEO, and analyze their offerings. Plus, we’ll answer important questions like “What is a PEO?”, “How does a PEO make money?”, “Why not use a PEO?” and many more.
Moreover, we’ll explore the best PEO software platforms available, including a list of PEO companies to assist you in making an informed decision. If you’re looking to sell PEO services, we’ve got you covered with pointers on how to pitch PEO services.
So, whether you’re an entrepreneur looking to launch a business or a seasoned business owner seeking new growth opportunities, keep reading to see how PEOs can benefit your business.
PEOS for Startups: The Ultimate Guide
As a startup owner, you’re always looking for ways to save time, money, and resources. One of the biggest challenges you face is managing your employees. You need to hire the right people, onboard them, manage their schedules, pay them, and ensure they’re productive. That’s a lot of work, especially if you’re a small business with limited HR capabilities.
That’s where Professional Employer Organizations (PEOs) come in. PEOs are third-party companies that provide HR services to small and medium-sized businesses. They can help you manage your employees, handle compliance issues, offer employee benefits, and more.
In this guide, we’ll cover everything you need to know about PEOS for startups. From the basics of what PEOs are and how they work to the benefits they can provide your business, let’s dive in.
What are PEOs
PEOs are companies that provide HR services to small and medium-sized businesses. They act as your HR department, taking care of all the administrative tasks related to managing your employees. PEOs can handle everything from payroll and taxes to compliance and employee benefits.
Here are some key features of PEOs:
- They act as your co-employer: This means that your employees technically work for the PEO, but you retain control over their day-to-day activities.
- They offer a range of HR services: PEOs can provide a variety of services, including payroll administration, employee benefits, HR compliance, and risk management.
- They can save you time and money: By outsourcing your HR functions to a PEO, you can focus on growing your business while the PEO takes care of the administrative tasks.
How do PEOs work
When you sign up with a PEO, you become what’s called a “client employer.” This means that you enter into a co-employment relationship with the PEO. The PEO becomes the “employer of record” and is responsible for tasks such as payroll processing, tax management, and benefits administration. However, you retain control over day-to-day management of your employees, including hiring, firing, and setting their schedules.
Here are the steps involved in working with a PEO:
- You sign a contract with the PEO: This outlines the services the PEO will provide and the fees you’ll pay.
- You provide information about your employees: This includes their names, job titles, salary or wages, and benefits information.
- The PEO sets up payroll and benefits: The PEO will process payroll, handle tax filings, and manage employee benefits.
- You manage your employees: You continue to handle day-to-day management of your employees, including hiring, firing, and performance management.
Benefits of using PEOs for startups
Now that you know what PEOs are and how they work, let’s talk about the benefits they can provide your startup.
1. HR expertise
As a startup founder, you probably don’t have a lot of experience with HR. PEOs have HR experts on staff who can help you navigate complex HR issues such as compliance, benefits administration, and employment law.
2. Cost savings
Hiring an in-house HR department can be expensive. By outsourcing your HR functions to a PEO, you can save money on salaries, benefits, and overhead costs. Plus, PEOs can provide access to better benefits packages than you might be able to offer on your own.
3. Time savings
Managing HR functions can be time-consuming, especially if you don’t have much experience. By outsourcing to a PEO, you can free up time to focus on other areas of your business.
4. Improved compliance
PEOs can help ensure that your business is in compliance with state and federal regulations. This can include everything from payroll taxes to anti-discrimination laws.
5. Employee benefits
PEOs can provide access to employee benefits such as health insurance, retirement plans, and paid time off. This can help you attract and retain top talent.
PEOs can be a valuable resource for startups looking to manage their HR functions more efficiently. By outsourcing to a PEO, you can save time, money, and resources while ensuring that your business is in compliance with state and federal regulations. If you’re a startup owner looking for HR solutions, consider partnering with a PEO.
The Benefits of Using Paychex PEO for Your Startup
If you’re a startup owner looking to outsource HR tasks, you may have stumbled upon the term PEO. PEO stands for Professional Employer Organization, and it’s a service that takes care of all your HR needs, from payroll to benefits administration. One popular PEO provider is Paychex.
What is Paychex PEO
Paychex is a PEO that helps small and medium-sized businesses with HR and payroll services. They offer a range of services, from basic HR support to more complex offerings such as employee benefits and risk management. Some of the advantages of using Paychex PEO services include:
- Experienced HR professionals who help you navigate complex HR laws and regulations
- Access to technology that makes it easy to manage employee data and benefits
- Affordable pricing that scales with your business growth
- Customized HR solutions that address your unique business needs
How Paychex PEO Can Benefit Your Startup
As a startup owner, you have enough on your plate, and the last thing you want to do is spend time worrying about HR tasks. Paychex PEO can take care of all your HR needs, freeing up your time to focus on growing your business. Here are some of the benefits of using Paychex PEO for your startup:
Compliance
HR regulations can be complex, and it’s easy to make mistakes that can lead to fines or legal issues. Paychex PEO has a team of experienced HR professionals who stay up-to-date on the latest regulations and laws and can help ensure your business stays compliant.
Cost Savings
Paychex PEO services can help your startup save money. By outsourcing HR tasks, you can avoid the cost of hiring a full-time HR person, and you can take advantage of group buying power to get lower rates on employee benefits.
Employee Benefits
As a startup, you may not have the resources to offer robust employee benefits. Paychex PEO can help you offer your employees a range of benefits, from health insurance to retirement plans, at a lower cost than you would be able to do on your own.
Risk Management
Running a startup comes with risks, but Paychex PEO can help mitigate those risks. They offer a range of risk management services, from safety training to workers’ compensation insurance, that can help protect your business and employees.
In conclusion, Paychex PEO is a great option for startups looking to outsource HR tasks. By using their services, startups can save time and money while ensuring compliance, offering robust employee benefits, and mitigating risks. If you’re a startup owner, we highly recommend looking into Paychex PEO to see how they can help your business grow.
PEO Platforms: Streamlining HR Functions for Startups
The business world is constantly evolving, and startups need every competitive edge they can get. A PEO, or Professional Employer Organization, is an excellent tool for startups to help them compete with bigger, more established businesses. By outsourcing HR functions to a PEO, startups can enjoy access to excellent benefits, comprehensive HR services, and state-of-the-art HR technology. This frees up valuable time and resources for startups to focus on growing their business.
PEOs offer several platforms that cater to the unique needs of startups. Below are some of the popular PEO platforms that startups can consider:
HR Platform
One of the most significant advantages of a PEO is access to their HR platform. A PEO’s HR platform typically includes:
- Employee onboarding and offboarding procedures
- Time and attendance tracking
- Payroll processing and tax compliance
- Benefits administration
- Employee records management
The HR platform streamlines essential HR functions, making it easier for startups to manage their employees’ needs.
Benefits Platform
PEO platforms also include an extensive benefits package. Startups can offer their employees competitive benefits, such as:
- Healthcare, dental, and vision insurance
- Disability insurance
- Life insurance
- 401(k) plans
Startups that partner with a PEO can offer benefits that match those of larger, established businesses, which can help attract top talent.
Compliance Platform
One of the most challenging aspects of managing a startup’s HR functions is compliance with the ever-changing laws and regulations. A PEO’s compliance platform ensures that startups comply with federal and state laws, including:
- Fair Labor Standards Act
- Equal Employment Opportunity Commission (EEOC)
- Occupational Safety and Health Administration (OSHA)
- Americans with Disabilities Act (ADA)
PEOs handle all compliance requirements, which relieves startups of the burden of managing these complex tasks.
Employee Self-Service Platform
PEOs also offer employee self-service platforms that allow employees to manage their HR needs independently. This feature includes:
- Access to pay stubs and W-2s
- Benefit enrollment and management
- Update personal information
- Request time off
Providing employees with self-service platforms empowers them to manage their HR needs, saving time and reducing HR workload.
In conclusion, partnering with a PEO is a wise investment for startups looking to streamline their HR functions. PEOs offer several platforms that cater to the unique needs of startups, ensuring that all HR functions run smoothly. With the aid of a PEO’s comprehensive HR services, startups can focus on growing their business and achieving their goals.
What is a PEO for Startups
As a startup founder, you’re always looking for ways to streamline your operations while reducing costs. One of the ways you can achieve this is by partnering with a Professional Employer Organization (PEO).
Understanding PEOs
A PEO is a company that provides a comprehensive suite of HR services to businesses, including payroll, benefits administration, compliance management, risk management, and even employee training. It acts as a co-employer, meaning that it takes on many of the responsibilities of an employer, such as paying wages and taxes, while the client company retains control over day-to-day operations and management.
Why Partner with a PEO
Partnering with a PEO can be beneficial for startups in many ways, including:
- Access to better benefits packages and rates as part of a larger pool of employees
- Improved compliance with employment laws and regulations
- Reduced time and resources spent on HR management
- Increased focus on core business functions
- Greater flexibility and scalability in managing your workforce
How PEOs Work
When you partner with a PEO, you enter into a co-employment agreement. This means that the PEO assumes certain employer responsibilities, such as payroll and tax administration, benefits administration, and risk management. At the same time, you retain control over day-to-day management of your employees, including hiring, firing, and performance management.
The Benefits of Using a PEO for Startups
For startups, using a PEO can provide several benefits, including:
Improved Benefits Packages
A PEO can leverage economies of scale to offer better benefits packages at lower rates than would otherwise be available to small businesses on their own. This can help you attract and retain top talent while keeping costs under control.
Compliance Management
Employment laws and regulations can be complex and time-consuming to navigate, especially for small businesses. A PEO can help you stay compliant with regulatory requirements, reducing your risk of penalties and legal action.
Cost Savings
Partnering with a PEO can result in cost savings in several areas, including HR management, benefits administration, and insurance premiums. With a PEO handling many of these functions, you can free up valuable resources to focus on growing your business.
Increased Flexibility and Scalability
As your business grows and your workforce needs evolve, a PEO can help you scale your HR operations to meet changing demands. Whether you’re expanding into new markets, hiring new employees, or responding to shifts in industry trends, a PEO can provide the support you need to navigate these changes.
In conclusion, partnering with a PEO can be an excellent strategic move for startups looking to streamline HR operations and reduce costs. By leveraging the expertise and resources of a PEO, startups can focus on their core business functions while improving compliance, increasing flexibility, and attracting top talent.
Best PEO Software for Startups
As a startup owner, handling human resources can be a daunting task. It involves managing benefits, payroll, compliance, and other administrative tasks that can bog down your time and resources. That’s why many startups turn to Professional Employer Organizations (PEOs) to help them manage their HR functions. PEO software can be an invaluable tool for startups to streamline their HR processes and stay compliant with regulations. In this section, we’ll discuss the best PEO software options for startups – the ones that provide the most value, flexibility, and support.
1. Gusto
Gusto is an all-in-one HR, payroll, and benefits solution that specializes in helping startups and small businesses. It’s a popular choice for its intuitive user interface, excellent customer service, and affordable pricing. Some of the key features of Gusto include:
- Automated payroll and tax filing
- Employee onboarding and document management
- Online benefits enrollment and management
- Time tracking and scheduling
- Compliance assistance
Gusto’s pricing starts at $39/month plus $6/month per employee.
2. Zenefits
Zenefits is another popular PEO option for startups and small businesses. It offers an easy-to-use platform that includes HR, payroll, benefits, and compliance management. Zenefits also has a robust app marketplace that enables you to integrate with other business tools. Some of Zenefits’ features include:
- Automated payroll and tax filing
- Time and attendance tracking
- Benefits management and online enrollment
- Compliance assistance
- Integrated applicant tracking system
Zenefits’ pricing starts at $8/month per employee.
3. ADP TotalSource
ADP TotalSource is a comprehensive HR outsourcing solution that includes payroll, benefits administration, and compliance management. It’s a good option for startups that need a full-service HR partner to manage their HR functions. Some of the key features of ADP TotalSource include:
- Automated payroll and tax filing
- Benefits administration and open enrollment
- Compliance assistance and risk management
- Employee self-service portal
- HR and legal support
ADP TotalSource’s pricing varies based on the size and needs of your business.
4. TriNet
TriNet is a professional employer organization that provides HR, payroll, benefits, and compliance services to small and midsize businesses. It’s a great option for startups that need a scalable solution that can grow with their business. Some of TriNet’s features include:
- Cloud-based HR, payroll, and benefits platform
- Onboarding and offboarding support
- Employee self-service portal
- Risk management and compliance support
- HR consulting and support
TriNet’s pricing varies based on the needs and size of your business.
5. Justworks
Justworks is an all-in-one HR, payroll, and benefits solution that’s designed for startups and small businesses. It’s a good option for businesses that need a flexible solution that can scale as they grow. Some of the key features of Justworks include:
- Automated payroll and tax filing
- Employee benefits management and enrollment
- Compliance assistance and HR support
- Customizable onboarding and offboarding
- Time and attendance tracking
Justworks’ pricing starts at $49/month plus $4/month per employee.
Key Takeaways
- PEO software can help startups manage their HR functions more efficiently.
- The best PEO software options for startups are Gusto, Zenefits, ADP TotalSource, TriNet, and Justworks.
- When choosing a PEO software, consider factors such as pricing, key features, customer support, and scalability.
Why not use a PEO
When it comes to managing HR processes, many small and medium-sized startup owners have turned to Professional Employer Organizations (PEOs) for help. However, while PEOs can provide some benefits, they’re not the right solution for everyone. Here are some reasons why you might want to look elsewhere:
Lack of Control
One major drawback of using a PEO is that it means giving up some level of control over HR processes. While PEOs can handle many of the administrative tasks involved with HR, they generally don’t provide the level of customization and control that many startups need.
Cost
PEOs can be expensive and are often only cost-effective for larger companies. They typically charge a percentage of the total payroll, which can add up quickly and eat into profit margins.
Potentially Limited Benefits
While PEOs offer a variety of HR services, the specific benefits they offer can vary widely depending on the provider. Some PEOs may not offer the types of benefits that your employees are looking for, so it’s important to research and compare options before committing to a particular provider.
Possible Compliance Issues
PEOs can handle compliance issues like payroll taxes and worker’s compensation insurance, but if they don’t follow regulations properly, your startup could be on the hook for any penalties or fines.
Shared Liability
Because PEOs act as co-employers, they share some level of liability with the startups they work with. However, this shared liability can sometimes create confusion around who is responsible for certain HR-related tasks, which can lead to legal issues down the line.
While PEOs can be helpful for some startups, they’re not the right solution for everyone. It’s important to carefully weigh the costs, benefits, and potential drawbacks of using a PEO before making a decision. Ultimately, the best HR solution for your startup will depend on your specific needs and situation.
Top 10 PEO Companies for Startups
For startups, partnering with a Professional Employer Organization (PEO) can be an excellent way to outsource human resource management tasks. By delegating these responsibilities to a PEO, startups can focus on more critical business activities such as growth and development. However, with so many PEO companies out there, choosing the right one can be daunting. Here are the top ten PEO companies to consider:
1. ADP TotalSource
ADP TotalSource is one of the largest PEO companies in the USA. It offers a comprehensive range of services, including HR management, payroll, employee benefits, risk management, and compliance. Moreover, ADP’s user-friendly online platform makes it easy for startups to manage their HR tasks.
2. TriNet
TriNet is a top-rated PEO company that serves startups and small to mid-sized businesses. It offers services such as payroll and tax administration, employee benefits, and HR management. Additionally, TriNet provides startups with access to HR professionals who can help them navigate compliance issues.
3. Justworks
Justworks is an ideal PEO company for startups that want to provide their employees with top-notch benefits. The company offers a wide range of benefits at affordable prices, including health insurance, retirement plans, and wellness programs. Besides, Justworks provides startups with an easy-to-use platform for HR management.
4. Oasis
Oasis provides startups with a comprehensive suite of HR services, including payroll administration, employee benefits, and risk management. One of the most significant advantages of partnering with Oasis is its excellent customer service, which is available 24/7.
5. Insperity
Insperity is a well-established PEO company that serves more than 100,000 businesses in the USA. Its services include HR administration, payroll processing, and employee benefits. Moreover, Insperity offers startups access to its extensive network of HR professionals and experts.
6. Paychex
Paychex is a popular PEO company that provides startups with payroll processing, tax administration, and employee benefits. What sets Paychex apart from other PEO companies is its flexible pricing structure, which can be tailored to the needs of individual startups.
7. Engage PEO
Engage PEO is a boutique PEO company that specializes in providing customized HR solutions to startups. Its services include payroll processing, benefits administration, and risk management. Additionally, Engage PEO offers startups access to its team of HR experts who can provide personalized support.
8. G&A Partners
G&A Partners provides startups with end-to-end HR solutions, including payroll administration, benefits management, and compliance. One of the most significant benefits of partnering with G&A Partners is its powerful HR software, which can help startups streamline their HR processes.
9. Tandem HR
Tandem HR is a PEO company that offers startups a range of HR solutions, including payroll processing, employee benefits, and compliance. One of the most significant advantages of partnering with Tandem HR is its personalized approach, which ensures that the needs of each startup are met.
10. Zenefits
Zenefits is an all-in-one HR platform that offers startups a wide range of services, including payroll, benefits administration, and compliance. Besides, Zenefits provides startups with access to its HR library, which contains templates and documents to help them with their HR tasks.
Overall, partnering with a PEO company can be a gamechanger for startups. By outsourcing HR tasks to a PEO, startups can save time, reduce costs, and improve employee satisfaction. Therefore, it’s essential to choose the right PEO company. The top ten PEO companies listed above are excellent options to consider.
PEO Companies for Startups
If you’re a startup owner, one of the biggest challenges that you’ll face is finding ways to streamline your business operations while staying within budget. One way to do that is to hire a Professional Employer Organization (PEO) that can take care of your HR, payroll, and benefits administration tasks. But with so many PEO companies out there, how do you know which one to choose? In this section, we’ll answer that question by providing a list of some of the best PEO companies for startups.
Top PEO Companies for Small Businesses
Here are some of the best PEO companies that cater specifically to small businesses:
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Gusto: Gusto is an award-winning PEO company that specializes in payroll, HR, and benefits management for small businesses. With Gusto, you’ll get access to a user-friendly platform that’s easy to navigate and packed with useful features.
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Justworks: Justworks is a popular PEO company that offers comprehensive HR, payroll, compliance, and benefits services for startups. In addition to its user-friendly platform, Justworks also provides exceptional customer support to its clients.
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TriNet: TriNet is a PEO company that provides HR, payroll, and benefits services to businesses of all sizes. With TriNet, you’ll get access to a team of HR professionals who can help you navigate complex HR issues.
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Insperity: Insperity is a PEO company that offers HR, payroll, benefits, and performance management services to small and mid-sized businesses. With Insperity, you’ll get access to a team of experts who can help you improve your company’s HR practices.
Factors to Consider When Choosing a PEO Company
Now that you have a list of some of the best PEO companies for startups, how do you choose the right one? Here are some factors to consider:
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Services offered: Make sure the PEO company you choose offers the services that your business needs.
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Pricing model: Compare the pricing models of different PEO companies to see which one fits within your budget.
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Customer service: Look for a PEO company that offers exceptional customer service and support.
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Ease of use: Choose a PEO company with a user-friendly platform that’s easy to navigate.
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Experience: Consider the years of experience the PEO company has in the industry.
Key Takeaways
In summary, hiring a PEO company can help your startup stay on top of its HR, payroll, and benefits tasks while staying within budget. Some of the best PEO companies for small businesses include Gusto, Justworks, TriNet, and Insperity. When choosing a PEO company, consider factors such as services offered, pricing, customer service, ease of use, and experience. With the right PEO company, you can focus on growing your business and achieving your goals.
Selling PEO Services: Tips and Tricks for Startups
If you’re a startup looking to sell PEO (Professional Employer Organization) services, it can be challenging to know where to start. Here are some tips and tricks to help you get started:
Know Your Unique Value Proposition
Before you start trying to sell PEO services, you need to know what makes your offering stand out from the competition. What unique value proposition can you offer that your competitors can’t? Is it personalized customer service, a more streamlined onboarding process, or better benefits options? Whatever it is, make sure you can articulate it clearly to prospective clients.
Hone Your Sales Pitch
Once you know your unique value proposition, it’s time to craft a persuasive sales pitch. Your pitch should be tailored to your audience and highlight the benefits of using a PEO service, such as:
- Access to better benefits: One of the most significant advantages of using a PEO service is access to a wider range of benefits, including health insurance, retirement plans, and more.
- Increased compliance: A good PEO service provider can help ensure that your company stays compliant with all relevant laws and regulations.
- Reduced administrative burden: Outsourcing HR tasks to a PEO service frees up valuable time and resources that can be spent growing your business.
Build Relationships with Prospective Clients
Selling PEO services isn’t just about making a sale; it’s also about building relationships with prospective clients. Take the time to understand their needs and pain points, and be responsive and helpful when they have questions or concerns. Building a relationship of trust and rapport can go a long way towards closing a deal in the future.
Leverage Customer Testimonials
Nothing is more persuasive than hearing from satisfied customers. If you have happy clients, ask them to provide a testimonial that you can use in your sales materials. Use their words to highlight your unique value proposition and the benefits of using a PEO service.
Use Social Media to Your Advantage
Social media can be an excellent tool for reaching new clients and building your brand. Consistently post content that highlights the benefits of using a PEO service, and engage with your followers to build a community of potential clients.
Selling PEO services can be challenging, but by focusing on your unique value proposition, honing your sales pitch, building relationships with clients, leveraging customer testimonials, and using social media, you can increase your chances of success. Remember to stay focused on the benefits that PEO services can offer businesses, and be persistent in your outreach efforts.
Understanding How a PEO Makes Money
As a startup, you’ve probably heard about PEOs. They are a great way to outsource HR functions and focus on growing your core business. But have you ever wondered how PEOs make money? Here’s how:
Commission-Based Revenue Model
One of the most common ways PEOs make money is through a commission-based revenue model. PEOs charge a percentage of the total payroll or a flat fee for each employee serviced. The percentage usually ranges from 2% to 12% depending on the size of the company and the specific services rendered. The more employees a PEO services, the higher the revenue it generates.
Profits from Insurance Products
PEOs also derive revenue by offering and reselling health insurance, workers’ compensation, and other insurance products to their clients at a markup. PEOs can negotiate low rates and better coverage from insurers due to economies of scale. They pass on the savings or charge a margin to their clients, generating additional revenue streams.
Administrative Fees
PEOs charge administrative fees for managing and processing HR-related tasks such as payroll, benefits, tax compliance, and other regulatory issues. These fees are charged either as a flat rate or a per-employee service fee. Administrative fees generate a steady stream of revenue for PEOs without being dependent on the number of employees serviced.
Interest on Float
PEOs collect client funds for payroll, taxes, and benefits and hold them in a trust account until they are due to be remitted. This creates a float balance that PEOs can invest and earn interest. The more clients a PEO has and the higher the balance, the more interest it can earn, generating a non-negligible profit source.
A PEO’s revenue primarily comes from offering comprehensive HR solutions to multiple clients and generating profits from services such as insurance, administrative fees, and interest on float. Understanding how a PEO makes money will help you evaluate PEOs and choose the best option for your startup’s needs and budget.
Who is the Largest PEO in the US
If you’re a startup researching the PEO industry, you must be curious about the leading companies in the field. Here we’ll answer the pressing question: who is the largest PEO in the US?
Insperity
Insperity, founded in 1986, has become the nation’s largest PEO, with over 100 offices throughout the United States. The company serves over 100,000 businesses and has more than 2,000 corporate employees. The company has won numerous awards for its customer service, including the JD Power and Associates Award, making it a popular choice for small businesses.
ADP TotalSource
ADP TotalSource is another contender for the largest PEO in the US, serving over 500,000 worksite employees and over 40,000 clients. Founded in 1949, the company has a long history of providing HR services, making it one of the most trusted brands in the industry.
TriNet
TriNet has been a top player in the PEO industry for over 30 years. The company serves over 18,000 clients across the US and internationally, providing a range of HR solutions for businesses of all sizes. With a comprehensive service offering, TriNet is known for its excellent customer service and expert guidance for businesses dealing with complex HR issues.
Justworks
While Justworks is a newer player in the PEO industry, it’s quickly making a name for itself as an agile and flexible solution for startups. With an easy-to-use platform and customizable offerings, Justworks has won over startups and small businesses looking for a modern solution to their HR needs.
Oasis
Oasis, founded in 1996, is another leading PEO in the US, serving over 8,000 clients across the nation. With a focus on personalized service and cutting-edge technology, Oasis is a one-stop-shop for businesses looking for comprehensive HR solutions.
Key Takeaways
- The largest PEOs in the US include Insperity, ADP TotalSource, TriNet, Justworks, and Oasis.
- Insperity is the largest PEO in the US, with over 100 offices nationwide and over 100,000 businesses served.
- ADP TotalSource has a long history of providing HR solutions and is trusted by over 40,000 clients.
- TriNet is known for its comprehensive service offering and expert guidance, making it an excellent choice for businesses dealing with complex HR issues.
- Justworks is a newer player in the industry, with an easy-to-use platform and customizable offerings that appeal to startups and small businesses.
- Oasis offers personalized service and cutting-edge technology, serving over 8,000 clients across the nation.
Best PEO Companies for Small Business
As a startup owner, you may find yourself juggling various responsibilities simultaneously. One aspect that many entrepreneurs struggle with is managing their workforce. Fortunately, PEO companies offer a solution to small businesses that can provide a high level of HR support. But with so many PEO companies out there, how do you choose the right one? In this subsection, we will take a closer look at some of the best PEO companies for small businesses.
Key Criteria for Choosing a PEO Company
Before we dive into the specific PEO companies, let’s first outline the key criteria you should consider when choosing a PEO provider:
- Cost: Pricing can vary widely between PEO providers, so it’s important to choose one that fits your budget.
- Services Offered: Some PEO providers offer a wider range of services than others. Consider the services you need and ensure the provider offers them.
- Industry Experience: Look for PEO providers that have experience working with companies similar to yours in size and industry.
- Customer Support: As a small business, you may need more support from your PEO provider. Look for a company that offers excellent customer support.
Best PEO Companies for Small Business
Now that we’ve outlined the key criteria for choosing a PEO provider, let’s dive into some of the best PEO companies for small businesses:
Justworks
Justworks is a popular PEO company that offers a wide range of HR services, including payroll, benefits administration, and compliance support. They also have a user-friendly software platform that makes it easy to manage HR tasks. Justworks is known for their excellent customer support and pricing transparency.
Gusto
Gusto is another well-known PEO provider that offers a variety of services, including health insurance, 401(k) plans, and HR compliance support. They also provide a sleek and easy-to-use software platform that simplifies HR tasks. Gusto’s pricing is transparent and affordable, making it an excellent option for small businesses.
TriNet
TriNet is a PEO company that specializes in serving startups and SMBs. They offer a comprehensive suite of services, including payroll, benefits, and risk management. TriNet’s industry expertise and excellent customer support make them a top choice for many small businesses.
ADP TotalSource
ADP TotalSource is a well-established PEO company that offers a range of HR services, including compliance support, payroll, and benefits administration. They provide a personalized experience for each client and have a wealth of experience working with small businesses.
Insperity
Insperity is a PEO provider that has been around for more than 30 years. They offer a variety of HR services, including payroll, benefits, and HR compliance support. Insperity is known for its excellent customer support and personalized approach.
Choosing the right PEO provider is important for small businesses that want to streamline their HR processes. When evaluating PEO companies, consider the key criteria we outlined and look for providers that offer the services you need. The five PEO companies we covered are all top choices for small businesses and offer a range of services at affordable prices.
