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home > hr outsourcing > what is a peo company? > benefits of using a peo company
Benefits of Using a PEO Company
The benefits of using a PEO company are numerous, both for your company and your employees. The following is a list of the benefits of using a PEO company.
PEO Benefits for the business:
Refocuses energy on revenue-generating tasks (sales, marketing, etc.)
Controls costs
Saves time and paperwork hassles
Provides professional compliance (e.g. payroll, IRCA, EEOC)
Reduces turnover and attracts better employees
Claims management (e.g., workers' compensation, unemployment insurance)
Provides better benefits package(s)
Provides professional human resources services (e.g., employee handbooks, forms, policies and procedures)
Reduces accounting costs
Reduces some employer liabilities
PEO Benefits for the employee:
Comprehensive benefits (that were unavailable without a PEO company)
Better employer/employee communication
Payroll is on-time and accurate
Professional assistance with employment-related problems
Professional orientation with an employee handbook
Extends statutory protection to more employees
Up-to-date information on labor regulations and workers' rights, worksite safety
Efficient and responsive claims processing
Online Access to Personal Data
Need Help Shopping a PEO?
Check out our PEO Shopping Tools and HR Outsourcing Guidelines. Details .