Small and medium-sized businesses are beginning to see the benefits of professional employer organizations or PEOs.
These organizations allow for outsourcing certain administrative tasks, such as payroll and benefits administration, on behalf of a business. This allows companies to reduce the need for a full onsite HR staff, resulting in access to a pool of professionals who are specifically trained in HR functions.
Thus, the company benefits by reducing employee expenses while simultaneously gaining specialized knowledge from the outsourced staff.
There are a number of existing PEO organizations available to support businesses that are interested in their services. Below is our list of the top ten PEO organizations today.
1. Insperity
Insperity offers companies a full suite of HR services. It partnered with a number of medical, dental, and vision companies to offer Fortune 500-level benefits that small businesses can access and provide to their own employees.
This is tremendously beneficial, as many small businesses often don’t have the negotiating power to obtain such powerful benefits on their own.
In addition, Insperity offers administration and payroll services, risk management and compliance help, and assistance with talent management.
2. CoAdvantage
CoAdvantage PEO is a full-service HR provider with many services available to interested businesses, including payroll reports, access to benefit programs, and recruitment and retention services.
The company is available in all 50 states and has backing from Morgan Stanley. This ensures that it has the negotiating power to obtain a wide array of benefits that it can offer small businesses that might not otherwise be able to obtain them.
3. Amplify PEO
Amplify PEO is a great option for small businesses that are looking for a service-oriented PEO company.
They have an array of benefit options for companies to choose from, and they’re known for their knowledgeable staff, who can answer any HR-related question that comes up. Amplify PEO has a team of highly qualified staff members that any business can rely on.
4. Vensure HR
Vensure HR works with businesses of all sizes to support employees around the U.S. It’s especially well suited for smaller businesses that don’t have a lot of cash to spare and want to have an outsourced HR team they can rely on for general HR support and payroll processing.
Vensure HR has an excellent online portal that business managers can access to choose the assistance they need in running their business.
5. Resourcing Edge
Resourcing Edge is a smaller PEO, but it has been around since the early 2000s. Their services are highly affordable, and they offer help in all of the areas you would expect from a PEO. This includes retirement plan administration, payroll processing, and employee training solutions.
6. G&A Partners
G&A Partners is a PEO that specializes in providing training assistance, making recruitment easy and effective for clients. Their services include payroll management, health insurance and benefits administration, and compliance assistance.
An online portal gives employees access to e-learning opportunities that they can use to enhance their skills.
7. TriNet
TriNet is one of the most popular PEO companies in the country. As a large PEO, they have access to some of the better benefits packages that you may not encounter outside of a Fortune 500 company.
They also serve many industries, so if your company operates in a highly specialized sector, TriNet may be a good fit for you.
8. Oasis
Oasis is known as a PEO that can service a wide range of industries. It offers payroll processing, benefits administration, onboarding assistance, and risk mitigation services. It also provides compliance and risk management support. Oasis is great for small businesses that need help with the basics of HR.
9. Extensis HR
Based in Woodbridge, NJ, Extensis HR offers customized and tailored solutions for HR, benefits, payroll, recruiting, and employee management.
When a company signs up with Extensis HR, they can expect to have an outsourced HR solution that provides them with solutions that fit their needs. You’ll also gain access to leading HRIS technology.
10. Tandem HR
Finally, Tandem HR offers an array of outsourced HR solutions, including payroll administration, risk management, and benefits resources. Their technology platform is second-to-none and includes the ability to incorporate training and development resources, time and attendance, and onboarding documentation.
There is also an option for performance management, allowing managers to guide employees throughout their careers.
Access Benefits with PEOs
The rise of the PEO has allowed many small businesses to access benefits that they weren’t able to in prior decades.
This is a win-win for both small businesses and PEOs. Small businesses gain an experienced and knowledgeable HR team that they can rely on, ensuring that their hiring practices comply with local and national regulations.
The PEO allows its staff to gain experience and specialize across multiple industries, which can be very enticing and exciting for team members.
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