What Makes A Good PEO?
A PEO (Professional Employer Organization) is a service offered by staffing agencies that provides benefits to employers. These benefits include payroll services, retirement plans, wellness programs, insurance, and more. If you want to offer a benefit package similar to this, but you’re looking for a better solution than the traditional staffing agency model, then you need to check out some of the best PEO solutions available today.
Accounting: One of the biggest challenges facing small businesses is keeping track of their finances. Accounting software is one of the most useful tools that any business owner can employ. Some solutions allow you to import data directly from QuickBooks, Xero, Peachtree, Sage, and other accounting systems. Others provide online banking integration, allowing you to transfer funds straight into your company bank account.
Payroll: Payroll management is a big headache for small businesses trying to manage their employees and paychecks. Payroll solutions come in several forms, including cloud-based software, employee self-service, and integrated HR systems. Regardless of where you choose to host your payroll, you’ll want to ensure that it’s secure, reliable, and user-friendly.
Benefits administration: When you’re offering benefits like health care, dental, vision, life insurance, disability, 401k matching, tuition reimbursement, or paid vacation days, you need a system that’s flexible enough to handle changes in state and federal laws. Benefit administrators help companies meet these requirements by providing compliance assistance, claim processing, enrollment and disenrollment services, reporting, and more.
Employee scheduling: No matter what industry you’re in, there’s always someone who needs to be scheduled. Scheduling software helps managers create schedules, assign staff, and send notifications to employees through email, SMS, or social media platforms. Some solutions also integrate with third party applications such as CRMs, project management software, and marketing automation tools.
Business intelligence: Business intelligence software collects information from various sources, processes it, and creates reports and dashboards that give you insight into your business operations. BI solutions help you understand how your business works so you can take action to improve performance and profitability.
Marketing: Marketing automation software is an essential part of any modern B2B organization because it drives sales. Automated emails, landing pages, and social media posts all work together to keep prospects engaged until they become customers.
Taxes: Tax preparation software helps organize tax documents, prepare taxes, generate reports, and file returns online. You can even automate filing using electronic payment options like PayPal and Stripe. Other tax preparation apps focus specifically on the US market; however, many are compatible with international standards.
HR: Human resources software integrates with payroll, benefits administration, and other HR platforms to streamline processes, decrease costs, and reduce paperwork. It also allows managers to communicate with employees through email, chat, and video conferencing.
Recruitment: Recruiting software helps recruiters identify qualified candidates, schedule interviews, and perform reference checks. A popular recruiting tool called Applicant Tracking Systems (ATS) enables recruiters to store job descriptions, interview questions, and candidate resumes and apply them to new positions as needed.
Customer support: Customer support software keeps your customer relationships strong while reducing administrative overhead. With the right features, CRM software can help you collect leads, build customer profiles, and engage with customers via email, social media, text messaging, and live chat.
What Is PEO Software Professional Employer Organizations (PEO) are companies that provide payroll processing and HR outsourcing services. They're often used by small business owners who don't have the time or resources to do this themselves.