4 Things You Might Not Know a PEO Can Do for Your Business As you’ve expanded your business, both at home and around the world, you’ve likely encountered the professional employer organization, or PEO. You’ve been told the PEO can help you expand your business and operate more efficiently on the international scene. A PEO provides human resources assistance to firms, often offering services for everything from payroll to hiring to compliance monitoring. While assistance with all those aspects of your business sounds like a good thing, you’ve been managing fine thus far. If you’ve ever thought this, it’s time to rethink your stance. There are many different ways a PEO can help your business. Here are a few of the more surprising things a PEO …show more content…
When you’re hiring internationally, it can become even more complex. You might not be aware of all the intricacies of hiring and employment legislation in the country or jurisdiction you’re hiring in. Hiring can become an even lengthier, costlier process for your business. The PEO can help you streamline the process and even lower the costs. The PEO’s better knowledge of hiring practices and the job market in the country of operation will help you find the right people when you need them and get them on board faster. 2. Save More on Benefits Most PEOs provide benefits and administration services for their clients. What you may not have realized is partnering with a PEO on benefits is actually more economical for your business. In essence, the PEO can save you money on the benefits you provide, allowing you to provide better benefits to your employees. How does it work? It’s an economy of scale. You may manage 50 or 100 employees. The PEO, on the other hand, is managing thousands of employees. As a result, they’re purchasing insurance and other benefits for many more people than your business can. The PEO is usually offered a preferential