Adding employees is essential to scaling up your business, but often cost prohibitive for SMBs and startups. PEO employee leasing business services provides companies of all sizes cost effective human resource solutions that provide access to short and long term human capital challenges.
Recruiting talent, managing payroll, benefits, and employment taxes are costly, but essential, human resource management functions for every business. Professional Employer Organizations (PEO) employee leasing firms allow companies to outsource these HR duties and avoid many employment practice liability risks, while reducing the overhead associated with expanding your workforce.
Since PEO employee leasing agencies act as co-employers, small business owners who use these services can offer better benefit packages than they could otherwise because PEOs take advantage of large group plan discounts offered by health insurers.