PEO or Payroll?
As a business grows and looks to optimize its operations, the first thing that normally happens is it outsources its payroll. This is great, at first, and can leave business owners with more time to focus on growing their business.
However, a payroll business is just that. They can support you with payroll and that’s all. The time will come when you’ll need to offload other HR-related tasks to help maintain your business’s sustained growth.
To do this, partnering with a PEO is the best option. It provides a full service that helps businesses grow faster than their competitors. Industry experts state that small businesses which decide to partner with PEOs grow up to seven to nine percent faster than their counterparts going it alone.
If you’re wondering how to choose a PEO that is right for your company, review our list of what makes a PEO different below.
What Makes a PEO Different?
Benefits are probably the main reason that businesses decide to work with a PEO. The PEO provides policies that can help businesses to access benefits that are more cost-effective and that they’d otherwise be unable to obtain. PEOs handle everything related to the benefits on behalf of the employer.
Laws which govern how businesses can and must operate are constantly changing. Staying on top of these changes can be costly and confusing. With the help of a PEO, regulatory compliance worries are a thing of the past as the PEO will handle everything.
Time and money can be saved by partnering with a PEO. HR technology can streamline a myriad of functions for both employers and employees. Having access to the latest and greatest in HR technology is an important part of running a successful business.
When the Time is Right to Expand
When your business grows and it’s time to invest in payroll. Why not be future-proof and partner with an industry-leading PEO? Here at Benely, we offer a full range of services that are delivered by us and our world-class partners. Prepare your business for consistent and quantifiable growth with Benely at your side.