What Makes A Good PEO Services?
If you’re looking to start a business, finding a quality professional employer organization (PEO) service can be one of the biggest decisions you’ll ever make. But before you sign up with any company, there’s some research you need to do to understand exactly what you’re getting into.
Know your goals: It’s often said that “you get what you pay for,” but this doesn’t apply here. Asking yourself what you really need out of a PEO services provider will give you a better idea of whether they fit your needs.
Learn about benefits: Does the PEO provide payroll processing, health insurance, 401k matching, profit sharing, paid vacation, sick days, disability coverage, and other employee benefits? If so, how much does each cost? Do they charge extra fees for things like unemployment tax filing, workers’ compensation premiums, and state taxes? And be wary of hidden charges and overage fees.
Review ratings: Find reviews online to see what customers say about the PEO. Are complaints common? Is customer service available 24/7? Can you reach someone by phone? Are there any negative comments?
Ask questions: Once you’ve learned about the potential benefits and drawbacks of each PEO, ask the provider how long they’ve been in business, how big their client base is, and how satisfied their clients are.
What Is PEO Services Software PEO stands for Professional Employer Organizations. They're companies that provide payroll processing, human resources, benefits administration, and payroll tax compliance services to small business owners.