A PEO can often not only take these hassles away for you, but often provide you a savings as well as better benefits for your company and your employees. Free up your time!
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Since December 2004, employment at small business using a PEO has grown more than 7 percent faster than at small business overall, according to the Intuit Small Business Employees Index
Businesses with fewer than 10 employees that use a PEO have more than 3 times greater participation in retirement plans than employees that don't.
Most small companies can't afford to hire a dedicated human resources professional. Almost all PEOs provide access to HR Professionals as part of their services to small businesses.
Through a PEO, the employees of a small business gain access to big-business employee benefits such as: health insurance, dental and vision care, life insurance, retirement savings plans, job counseling, adoption assistance, education benefits, and even pet insurance
Business that use a PEO are approximately 50 percent less likely to fail (permanently go “out of business”) from one year to the next when compared to similar companies in the population as a whole. The overall business failure rate among private businesses in the US as a whole is approximately 8 percent per year, based on 2012 data. It is approximately 4 percent per year for those companies that use a PEO.
