The ability to outsource HR management functions can help most small and medium sized companies by allowing them to focus on their business, gain economies of scale for their benefits and HR operations, and even reduce employment risk.
Thinking about your clients, the companies that most benefit from a PEO solution share these traits:
10 – 100 Full-Time Employees.
A PEO provides access to HR experts without having to add to headcount.
A Growth-Oriented Mindset.
A PEO enables owners and managers to focus on growing their business, not administrative tasks.
Start-Ups, Professional Services, Financial Services, Technology Firms or Non-Profits.
PEO services are ideal for businesses with low employment risks.
Offer Group Benefits and 401(k) with Match.
A PEO can help companies offer the kind of expanded benefit offering that might be unaffordable otherwise.
Employees with High-Average Wages.
A PEO helps smaller companies compete for top talent by giving them access to Fortune 500-level benefits.