Whether you’re a business owner, HR manager, or just interested in PEO companies, this article can help you find the right PEO provider for your brand.
Do you need extra help to assist you with routine Human Resources tasks?
A PEO company (professional employer organization) handles the repetitive, everyday tasks your brand needs to succeed.
This frees you and your HR team to focus on more important responsibilities.
Payroll, benefits, paperwork, and other Human Resources tasks are all handled by PEO companies.
Any company that needs assistance in these areas will discover that a good PEO service provider saves a lot of time and money.
We’ve analyzed the top PEO companies to help you decide on the best provider for your company.
Let’s take a look at some of the best PEO service providers for 2023.
What is a Professional Employer Organization (PEO)?
A PEO is an agency that handles payments and routine HR chores.
Mundane tasks can be left to the PEO company, allowing your HR department to spend more time on employee engagement, training, and productivity.
A PEO company typically administers employee health insurance, negotiating and paying for physician visits, orthodontics, and eye insurance.
PEO companies also manage employees’ compensation, including: paycheck employee compensation, vacation, compliance assistance.
Human resource management and customer relations are also performed by PEO providers, among with many other responsibilities.
Best PEO Companies
There are many PEO companies on the market, and it’s important to choose the right one for your brand.
Most PEO activities are industry-specific, while others cater for a particular size of the company, such as small business or enterprise.
If you don’t have any help, finding the ideal PEO service for your company can be difficult.
That’s why we’ve compiled a list of the top PEO companies.
Read on to learn more about them. We’ll go over the features, benefits, costs, and disadvantages.
1. ADP TotalSource
ADP is a pioneer in the field of human resources development tools.
They work with a wide range of companies.
TotalSource, ADP’s full-service PEO package, is also available.
Small and intermediate company owners will appreciate this solution.
ADP has a number of plans for companies in all different sizes, from small local business to mid-sized and more.
Human resources, workforce acquisition payments, employee compensation, and vulnerability assessments are all handled by ADP TotalSource.
You may utilize ADP to deliver enterprise-level medical, dental, and vision care to your employees as a small business owner.
ADP also offers 401 thousand retirement programs.
ADP’s technology is the company’s most distinguishing feature.
A phone application or easy-to-use website platform can handle everything from Human resource management to paychecks, incentives, and hiring.
ADP’s customer support, however, is ostensibly its best functionality.
Your staff will, of course, have inquiries about their benefits, wages, and roles.
Fortunately, employees can easily contact an ADP agent directly with those questions and get their answers right away.
Your workers will be directed in the proper direction by ADP’s educated and courteous personnel, who will answer any questions and assist them in selecting a plan that meets their needs.
Pricing: varies based on industry and size, but often ranges from 2-12% of earnings.
ADP will appeal to you since they offer industry-specific services for the following industries:
- Coalition and pedagogy
- Eatery
- Manufacturing companies
- Healthcare organization
- Construction firms
- Nonprofit organization
- Professional and technical services
- Financial services limited
ADP offers PEO technology solutions in more than 130 nations around the world.
The size of the organization is the only drawback of employing ADP TotalSource.
Because ADP is so massive, your local company may not receive the attention and availability of a smaller competitor.
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2. Justworks
Justworks is a full-service PEO that handles paychecks, project management, regulation, and incentives for workers.
Justworks offers a variety of regulatory facilities for wellness, vision, and dental insurance.
Employees’ bonuses, unemployment insurance, W-2, and 1099 filings are all handled by them.
Justworks offers a computerized accounting technology that includes bank transfers, payment of clients and bidders, and implementation with payroll systems such as Quickbooks and Xero.
Another advantage of Justworks is that it can cater to the demands of companies of various sizes.
As a result, if you begin working with them now, they will be able to level with your firm as it develops.
The package includes Payroll, Human Resources Tools, Incentives, and Compliance.
Pricing: From $59-99/employee.
The basic plan ($59/employee) includes regular payroll, compliance, and other HR tasks.
The plus package ($99/employee) includes management of healthcare, COBRA, and 401k.
Custom plans can be created by speaking to an agent.
Justworks will appeal to you because it will provide you with a wide range of possibilities.
Justworks provides customer service 24 hours a day, 7 days a week.
You’ll expect the company to continue to provide good service in the future because it is modern and is growing at a rapid pace.
Justworks’ only serious flaw is their inexperience.
Other PEO firms have been in operation for years.
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3. CoAdvantage PEO
Constantly developing in Florida, CoAdvantage is the PEO company operating within the greater Morgan Stanley institution.
CoAdvantage has decades of experience supporting firms just like yours.
The PEO company is ready to operate and career development opportunities with all of the incentives they deserve, and you can guarantee that they will be dedicated to making your team the best it could be.
They also operate in all 50 states, so no matter where your staffing takes you, you’ll be incapable of standing.
However, how can they assist your company in informing the greatest team possible?
We found CoAdvantage to have some of the greatest team tools and services in the industry, and the information they can provide will allow you to identify top performers in your company as well as top contenders for new positions.
The quantity of years saved during the recruitment process is significant.
And, as one might expect, new employee and manager onboarding is relatively straightforward.
This isn’t to say that their core services, such as payroll and benefits administration aren’t up to par.
That is not the case; all of the standard options are available.
Outside of team building, it may not be the best in other areas, but your priorities may align with CoAdvantage’s strengths.
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4. VensureHR
VensureHR is our next recommendation, which is also a good option if you have a small firm because VensureHR appears to specialize in them.
They will work with almost any business, no matter how tiny, which makes them stand out if you simply have a few employees and don’t want to deal with the limits or additional costs that would otherwise be involved.
Services include regular retirement alternatives through a relationship with Slavic 401k, as well as insurance options (healthcare, disability, life, and everything else).
You, as the employer, will be able to change the exact parameters of benefit packages so that your company’s resources are not overburdened.
Although customer service falls short of Amplify PEO’s high standards, Vensure HR can be counted on to complete the work.
VensureHR could be one of the most cost-effective firms on this list, with pay-as-you-go workers’ compensation plans and alternatives for various services and perks.
The PEO company creates custom packages, so contact Vensure directly for a quote.
It’s more adaptable than you believe, and your company may require it.
VensureHR may not be the best option for larger businesses looking for HR software, HR services, or HR outsourcing, due to its focus on small businesses.
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5. Amplify
Amplify PEO provides a long list of tools and services that you will anticipate from the finest Human Resources software, such as:
- Payroll solutions
- Supports options
- Human Resources management
- On-boarding
- Abidance
- Job and duty
Amplify PEO helps save companies $1,180/per worker every year.
Though your firm has 25 workers, you will save roughly $30,000 every year.
If your firm has 100 workers, that is a recoup of $118,000.
Amplify will appeal to you because they are more human than many other PEO providers.
Rather than a computerized service center, all Human Resources matters are directed to a live person.
Therefore, if you’re gaping for incentives, payroll, or retirement treatments, Amplify has got you coated.
Amplify doesn’t offer package plans.
Instead, you can speak to an agent to discuss your needs and request pricing information directly.
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6. Insperity
Insperity is among the biggest PEOs you can discover, with countless thousands of workers across more than 100,000 companies and the ability to work with even the leading companies.
It has been in the industry for more than three decades and serves millions of workers across more than 100,000 companies.
Even so, it is remarkably adaptable in its service offerings to businesses, and Insperity can assist you if you are seeking the most basic of features except much more complex and comprehensive.
When it comes to choosing a PEO, quality is crucial, and Insperity can give just that: no lost integrity.
If you’re considering Insperity for your company, we suggest having a quotation from them along with any others and then conducting more comparative analysis based on your company’s specific available resources.
They do charge per employee, so they’re a better choice for small enterprises.
They’re also often simple to cancel, with simply a 30-day notice required. They can be the greatest option if you only want to try out a PEO.
In a nutshell, Insperity is dependable, adaptable, and capable of easily scaling your organization.
They should be able to assist you if you don’t know where to go and our other suggestions aren’t a suitable fit.
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7. Paychex
Paychex is a PEO company that is well-recognized for its online payroll services.
Paychex’s PEO services are one of the company’s most notable features.
A dedicated Human Resources professional will be assigned to your company; no more changing contacts.
This professional Human Resources manager may even be on-site at your business in some situations.
Paychex takes Human resources contracting to another dimension by collaborating directly with your workers.
Paychex’s tight relationship with your organization makes it easier for them to identify workplace risks and resolve significant liability areas.
Paychex is a full-service PEO with a strong reputation for its digital payroll management.
One of Paychex’s most distinctive characteristics is its PEO services.
Your organization will receive a specialized Human Resources professional.
In some cases, this experienced HR manager may even be on-site at your company.
Pricing: Fill out a form and receive a customized quote.
By interacting directly with your employees, Paychex takes human resources outsourcing to a new level.
Paychex’s close engagement with your company makes identifying workplace dangers and resolving big negligence areas much easier.
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8. Resourcing Edge
Resourcing Edge PEO company has been in the industry since 2003.
This PEO company has customers in 44 states (and counting).
Resourcing Edge is ideal for small businesses and new ventures trying to get ahead.
Workers will be happy with the service supplied, which includes standard payroll management, Human Resources assistance, and competitive worker advantages bundles.
Outstanding training programs and mentoring are also available.
If you value coaching and mentoring as well as assistance with security and control measures, Resourcing Edge is the best option among our top picks.
Customers will probably be glad about the vast and good assortment of worker bonuses provided to them in addition to those coaching possibilities.
Resourcing Edge has a lot of partners, and it’s all about how much of a difference you can make in the lives of your employees.
Because their pricing plans differ, reach out to an agent and discuss your needs.
They are a modest company with roughly 100-150 employees, so larger companies should ask questions to determine if Resourcing Edge can meet their needs.
Small enterprises and start ups will find this PEO company an ideal fit.
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What are the advantages of PEO Companies?
If you want to give a benefit to your employees, a PEO can assist you to set it up.
Various retirement plans of various types, investment options, and health insurance policies are some of the most typical perks offered (medical, dental, and vision).
Worker rebates, appreciation packages, insurance policies, due diligence solutions, employee protection, and training programs are all possibilities.
There aren’t many limitations to what can be done.
Look for a PEO that can provide tailored solutions to your company’s needs in terms of context and culture.
The PEO should be able to provide you with extra assistance as your business grows and becomes more sophisticated.
The expectation is that the PEO you select will help your business get to where it needs to be and then help it grow to the next level.
Finally, before choosing a PEO as a partner, consider your specific employee and organizational needs.
Professional Employer Organizations with the best reputations.
Conclusion
Before selecting a PEO as your company’s Human Resources provider, make sure you understand whether the PEO follows a one-size-fits-all approach or provides customized Human Resources solutions.
In terms of context and culture, look for a PEO that offers customized solutions to your company’s demands.
Next, as your company expands and becomes more complex, the PEO should be able to provide you with greater assistance.
The assumption is that the PEO you choose will assist your company in getting to where it needs to be and then helping it develop to the next level.
Consequently, think about your specific employee and organizational demands before deciding on a PEO as a partner. The finest Professional Employer Organizations