Professional employer organizations (PEO) continue to be the one stop-shop for all the HR services. They are well-positioned to create unique value for small and mid-sized businesses (SMBs) while managing various tenets of technology-driven HR operations. PEOs act as co-employers that enable their clients to focus on their business’ core competencies, which makes PEO ideal for start-ups and small and mid-sized businesses (SMBs).
For organizations with staff spread across multiple states, identifying compliance in each state can be fraught with potential pitfalls. However, PEOs can effectively ensure that the client is abiding by the state regulations for the employers. PEOs also offer some buffer against the common risks faced while running a business.
As a result, PEOs have become ever-important for the SMBs in the wake of the current pandemic. With the workforce increasingly being distributed and remote, PEOs are now the answer to a wide range of issues associated with managing a remote workforce. And keeping up with the current challenges, PEOs are evolving further to provide more flexibility and self-service options for the employees. By implementing processes that can benefit the businesses and keep them compliant, PEOs are helping businesses stay afloat through the rapid changes. Besides, PEOs are also becoming instrumental in handling paycheck protection program (PPP) loans, staffing and payroll, healthcare and insurance, and so on. As a result, organizations can effectively manage their compliance with new laws, such as the CARES act and Families First Coronavirus Response Act (FFCRA).
At this juncture, there is a multitude of PEOs in the market that cater to the different needs of the hour. To help businesses choose the solution that best fits their requirement, Manage HR has compiled this edition. The enlisted solution providers are the frontrunners in the market that provide a wide range of features. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you Manage HR’s, “Top 10 PEO Companies – 2020.”