The Best PEO Companies and Services for Businesses of All Sizes
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ADP also offers a 401 retirement plan and employee assistance program . This makes it a good choice for small businesses that want to outsource all of their HR functions. The Basic plan includes basic features like payroll processing, PTO management, HR consulting, accounting software integrations, W2/1099 management, liability insurance, commuter benefits, and more. A Plus option would include everything in the basic plan, but would also have health benefits, 401s, and life insurance.
Also, most fees generally range between $100-$130 per employee for firms that have between 20 to 100 employees. Businesses that have less than 20 employees could expect to pay approximately $150-$175 per employee. These pricing models are pricier than other options but could be justified by the number of services they provide along with their numerous per-industry solutions.
Vensure — 9.45/10 (Best Overall PEO)
Their team of talents will help you strengthen your company’s focus, determine better asset utilization and generate greater corporate value. An Employer of Record is an organization that oversees another company’s legal responsibilities when it comes to its employees. These services may include talent acquisition, onboarding, and compensation.
- TriNet offers impressive benefits from top health plans and providers.
- While all of the PEOs in this list, except Papaya Global, received perfect scores here, we recommend Justworks if you require access to most of these HR functionalities at affordable rates.
- Some benefits that would greatly increase the cost would be retirement plans, workers’ compensation insurance, and regulatory compliance services.
- Charlette has over 10 years of experience in accounting and finance and 2 years of partnering with HR leaders on freelance projects.
Justworks’ intuitive cloud-based platform stood out among the PEO providers we reviewed. It is also easy to learn as you incorporate Justworks into your administrative workflow, which means minimal disruption to your operations during the transition. https://adprun.net/ The company is upfront about its pricing and costs, so you can easily compare it to other PEO options as you search for the right fit for your business. Overall, Justworks provides an exceptional customer experience to businesses.
Offloading Administrative Tasks
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How much does it cost to use a PEO?
The price of a PEO can vary widely depending on a number of different factors. This can include the PEO you choose, the services you use, the employee benefits you offer, and the number of employees you have. But on average, $1,000–$2,000 per employee per month is a good base number to start with.
As a client of InvoPEO, you have complete access to an online file storage system typically reserved for larger organizations. A professional employer organization is top 10 peo companies a company that hires employees on behalf of businesses. It’s a way to outsource human resources functions that you don’t have the expertise for in your business.