Should You Go with a PEO or a Payroll Provider? – Husys

While employees are necessary for running a business, PEO service providers may make hiring, managing, and retaining them much more accessible.

Most business owners are experts in their field, but no one can be an expert in everything – and successfully managing complex HR systems typically necessitates significant effort and specialized knowledge.

Working with a professional employer organization (PEO) is like having your own highly qualified human resources department devoted to assisting you with people-related issues so you can focus on operating the business. Many business owners working with these groups must know the breadth of services available. PEO service providers can collaborate with you to deliver much more than simply payroll and recruiting.

What exactly is a PEO?

A professional employer organization (PEO) is a third-party service provider that enters into a co-employment relationship with an employer to provide critical HR services such as payroll, employee benefits administration, risk management, and compliance help. Using a PEO allows businesses to outsource HR responsibilities they need more time, budget, or competence to do in-house.