Did you know that PEOs provide their services to over 173,000 businesses across the United States of America? There are many PEO benefits that your company stands to gain from working with the best PEO.
But what’s a PEO and what does PEO mean? There are plenty of PEOs out there that will help your business thrive and grow, but it is important to know which PEOs are the best to work with. Don’t stress about it though. You’ve come to the right place to learn about the best list of PEO companies for your business to work with.
Continue reading to learn all about the best PEOs in the United States of America.
What Is a PEO?
A PEO is a professional employer organization and it specializes in joint-employment relationships. This means that the PEO leases their employee to small and medium-sized businesses to help them get things done.
PEOs are a great option for a small business that needs all of the normal functions of an HR department but doesn’t want to hire full-time and permanent employees to handle those functions.
Some of the PEO benefits include handling human resources and benefits administration. PEO also provides help with payroll administration and workers’ compensation. If your business requires drug testing then a PEO is also able to help with that.
List of PEO Companies
There are many great PEO companies to choose from all across the United States. It is important to find the strengths and weaknesses of each one to determine which will best fit your business model. Here is a closer look at some of the best PEO companies to hire.
Justworks
Justworks is a great PEO to work with if you’re an up-and-coming small business. It is an affordable PEO option that offers payroll processing and tax filing services for your business. They manage over 70,000 employees so they’re experienced and successful in the PEO field.
If your small business has little or no experience with Human Resources then you’ll love what Justworks brings to the table. The PEO services that Justworks provides are affordable and easy to use for the businesses that choose to use their services.
One big benefit of choosing Justworks is that they provide enterprise-level insurance benefits from the best insurance companies in the United States. They also provide matching 401(k) benefits to help your employees save for retirement. If you’re worried about any issues you’ll encounter, Justworks has exceptional customer support that’ll be ready to help you when needed.
The big drawback to Justworks is that it has limited reporting functions and it doesn’t have a mobile app for your employees to use. This makes it a less convenient option compared to competitors. Get more information here.
ADP TotalSource
ADP is one of the most successful and well-known PEO companies in the world today. They’re a massive company that can help with companies of all sizes when it comes to human resources functions like payroll and benefits. They’ve been in the PEO business for over 30 years and are experts at helping you stay HR compliant.
They also have tons of different products and features for you to choose from. This makes it easy to tailor your service with them to perfectly fit your company’s needs. They’re a great option for small businesses and large businesses alike. If your small business is starting to grow then you can scale your ADP services to match your needs.
The biggest benefit that ADP has to offer is the vast amount of experience they have in the industry. They’re not only IRS certified but also ESAC certified as well. They also have dedicated reps that are ready to help you any time that something goes wrong. Similar to Justworks, ADP offers enterprise-level insurance options to your employees.
The major negative of ADP is that they’re not overly transparent when it comes to what they’re charging you. Additionally, their software looks old compared to some of the competition. Overall, they’re a great PEO option for businesses of all sizes.
XcelHR
Another great PEO company that you need to consider is XcelHR. XcelHR offers custom pricing that you’re able to tailor to fit the needs of your business while also providing a good payroll service and a bunch of HR tools. It also brings a lot of employee benefits to the table, making it a great option for your employees.
When it comes to the price for XcelHR, they’re quite flexible. They’ll either charge you an agreed-upon percentage of your total payroll or a flat monthly fee. The software doesn’t look the most modern, but that isn’t a bad thing. It makes it a user-friendly experience for anyone that uses it.
The biggest plus of XcelHR is that it provides the widest range of benefits and insurance options to your workers. XcelHR even provides pet insurance for your employees. They also have a team dedicated to helping with Workers’ compensation claims. They’ll help with Workers’ comp inspections as well as any policy help that your business needs.
Their flexible pricing policy is another big benefit of choosing to go with XcelHR. They provide multiple payment options that will help you get the best deal on their service.
The biggest concern that users have with XcelHR is that the software looks a little out of date and obsolete. While it isn’t the nicest to look at, it is easy to use. They’re also not the most transparent with their pricing. One last concern when it comes to XcelHR is that they don’t have the coveted ESAC certification that the best PEO’s have.
Find the Right PEO for Your Business
PEOs are a great option for small businesses that don’t have the resources or workers to run their own HR functions like payroll and employee benefits. The good news is that there are companies dedicated to helping with these functions, and there is a list of PEO companies in this article to help you find the best fit for you.
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