Justworks offers payroll, benefits, HR, and compliance in a single platform to make it easier for you to manage employees. Justworks provides full service support and HR consulting as and when required on top. Through a PEO, small businesses can offer competitive employee benefits and insurance packages. PEOs pool employees from multiple companies, providing access to cost-effective benefits due to economies of scale.
Efficient payroll processing
The PEO also offers benefit advisory services to help you through the process of administering benefits in an efficient and compliant manner. Paychex is a national company that offers customizable plans and flexible pricing. We like that it supports a wide range of business types and sizes, regardless of whether your employees are in the office, at home or a mix of the two. The HR solution can also integrate with more than 130 third-party applications, making workforce management even more efficient. Justworks was founded in 2012 as a comprehensive platform that provides robust HR and payroll solutions for businesses of all sizes. With its user-friendly interface and extensive range of features, Justworks simplifies and streamlines essential HR tasks.
Paychex PEO
- Some business owners successfully manage these processes by hiring competent HR administration professionals and by utilizing payroll/HR software.
- With a PEO handling benefits, you can offer competitive packages without the headaches of managing multiple vendors and compliance requirements.
- Plus, your employees can enjoy direct access to premium advisors and support for any questions or issues that may arise.
- They’ll act as a strategic partner, providing insights and tools that support your company’s long-term growth and sustainability.
- It’s probably more trouble than it’s worth unless you are hiring full-time employees outside the country.
The cost of PEO services varies depending on the provider and the range of services offered. Generally, fees are structured either as a flat monthly fee or a percentage of your total payroll. In 2025, small businesses can expect PEO service costs to fall between 3% to 10% of payroll, depending on the complexity of services required. Providers may also offer tiered packages, which include additional features such as enhanced compliance support, comprehensive benefits administration, and advanced HR technology integration. CoAdvantage offers affordable PEO services that are ideal for small businesses looking to optimize HR functions on a budget. Their flexible pricing models and focus on delivering cost effective solutions make them a strong choice for business owners mindful of monthly fees.
ADP can cover most every issue of employment, from recruitment to HR and payroll, and provide guidance and technology to support their aims. Like other larger companies on this list, XcelHR doesn’t have straightforward pricing on its site but has users fill out a form to contact sales. However, it doesn’t have payroll minimums, long term contracts, and only requires small business owners to have one employee. The centralized nature of their platform, along with the detailed reports they offer, will likely mean saved time for both you and your employees in the long run.
Look at factors such as cost of PEO services, compliance assistance, and integration with your existing systems. Comparing these aspects will help you select the best PEO for your small business. By partnering with a PEO, small businesses can scale their teams without the burden of added administrative tasks. These services handle recruiting, employee onboarding, and compliance management, making it easier to expand operations quickly while maintaining consistency in HR practices. You should also carefully consider the services each PEO company offers, since they can vary greatly from one provider to the next. Some may specialize in recruitment services to help you find top-notch candidates, while others may only offer payroll, administrative tasks, and employee benefits packages.
They should be able to quickly tell you what regions they cover or don’t cover, so you’ll know if it’s a good fit before making your final decision. There are a lot of variables that depend on the work and home location of your employees. So, it plays a major role in which PEO companies you can (and should) partner with. This is equally important whether you’re interested in full-service or a la carte options. To help you cut through the noise, we developed a definitive methodology you can use as you go through the process of choosing the best PEO company for your business.
What types of businesses need a PEO?
- To come up with the best PEOs for small business, we considered 20 PEO services across hundreds of data points.
- It also offers numerous online books and courses for your workers to continue their education.
- While a business with just a few employees might be able to manage HR without any assistance, many companies find it valuable to outsource their HR responsibilities.
- According to our recent PEO survey, the biggest reported PEO feature that most small businesses use is payroll processing, followed by employee onboarding, benefits administration, PTO tracking, and time tracking.
- Pricing varies according to the number of employees to be covered, and this can either be a straight monthly cost, or a percentage of your payroll amount.
The right PEO should take the administrative burden off your shoulders and help your business offer comprehensive, flexible plans that keep employees satisfied and productive. As a small business owner, you know first-hand how challenging administrative work can be. On top of running your company, there are endless little tasks within payroll, HR, and health insurance that bog you down and sap your energy. The best PEO companies want you to succeed from Day One and provide the resources to help you. You can expect to spend at least a week or two setting up your contract, benefits, and service package.
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TriNet hosts an excellent HR platform allowing for employee self-service so that employees can manage their own needs. It also has typical offerings like payroll, retirement plans, background checks, health insurance, and employment laws compliance services. However, it differentiates itself by providing employees with substantial discounts to third-party retailers like ATT, Verizon, Hyatt, and more.
Best PEO Companies for Business (Recommended
They also provide compliance on all issues of employment law, from ACA, COBRA, disability and state filings. Global Squirrels PEO services addresses the challenges of international talent acquisition and best peo for small business payment management. Built upon a thorough analysis of traditional PEO services, Global Squirrels has redefined the entire employment lifecycle, offering comprehensive solutions from talent sourcing to end-of-employment processes.
Small businesses who are seeking to outsource HR to a team of professionals will find Insperity a great time and money saver. With a dedicated team working directly with your business, you can rely on them to handle all the compliance and employee management issues while keeping you informed. Deel’s position as a holistic PEO solution ensures that small business owners can access a comprehensive platform that manages HR and payroll and contributes to overall business growth and success.
Businesses looking for a customizable and more personal approach should give Paychex a try. PEOs can help small businesses manage a variety of HR functions, including recruitment. Instead of wading through stacks of job applications, you can lean on your PEO throughout the process. PEOs employ knowledgeable HR professionals with the necessary experience and resources to find and recruit top talent for your company. When a PEO manages your payroll and taxes, it has access to sensitive company information and employees’ personal data.
HRO providers rarely assume co-employment responsibilities and do not become the employer of record for tax and compliance purposes. A PEO is a company that provides a range of HR-related services to businesses, such as payroll, benefits and risk management. PEOs allow businesses to outsource these tasks and focus on their core operations. The standard functions of the PEO services from Resourcing Edge are employee relations and training, time and attendance, payroll, benefits administration and risk management.
Consider their pricing structure and support availability to ensure they offer value for your investment. A PEO might be a good fit if managing payroll, benefits, and compliance is overwhelming. Their platform also includes risk mitigation tools to help you avoid compliance problems. They are a good fit for small business owners who want to focus on growth instead of manual admin work. Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services.
Insperity provides outstanding employee benefits and a comprehensive suite of HR solutions. Their focus on benefits management and employee onboarding is well-suited for companies seeking to enhance their overall work environment. Insperity offers tailored services that combine risk management with efficient HR administration, ensuring businesses remain compliant and competitive.
Some well-known PEO providers include ADP TotalSource, TriNet, Insperity, Paychex, and Justworks. Some of the most powerful features include letting employees enroll in benefits online and completing payroll tasks on behalf of the business owner. All the business owner needs to do is have his or her hourly employees fill out electronic time cards and Justworks will do the rest. The payroll service also handles paying quarterly taxes, issuing W-2s, and complying with other tax laws. While this company has great fundamental services, it lacks comprehensive risk management services. So business owners that need safety training, online inspections along with related needs might be better off elsewhere.