PEO Center of Excellence

Specialized, market-leading insight to employers considering a professional employer organization (PEO).

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14%

Lower Turnover

Companies that use PEOs have 10-14% lower turnover rates.

7%

Faster Growth

Companies that partner with a PEO grow 7-9% faster than companies that do not.

27%

ROI/Cost Savings

Companies that partner with a PEO report an ROI in cost savings alone of mor than 27%.

4M

People Employed by PEOs

200K

Small and mid-sized businesses receive PEO services

358B

Estimated industry revenue

17%

Employers with 10 to 100 employees that are PEO clients

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Specialized expertise regarding PEO operations and services
Insight to discern a company’s individual benefit costs and how competitive they are
Perspective on the correlation between company growth and the economic advantages of PEOs
The ability to provide alternatives – another PEO or a different solution – that fit better

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Why PEO?

A Professional Employer Organization (PEO) can offer numerous benefits to businesses, making it worth considering for various companies.

Here's why a company should look at a PEO:

1. HR Expertise

PEOs specialize in HR management, providing access to seasoned professionals who can handle complex HR tasks, from payroll processing to employee benefits administration.

2. Cost Efficiency

By pooling together employees from multiple client companies, PEOs can offer economies of scale, allowing businesses to access high-quality HR services at a lower cost than maintaining an in-house HR department.

3. Compliance Assistance

PEOs stay up-to-date with the latest employment laws and regulations, helping businesses navigate complex compliance requirements and reduce the risk of costly legal issues.

4. Employee Benefits

PEOs often provide access to comprehensive employee benefits packages, including health insurance, retirement plans, and other perks, helping businesses attract and retain top talent.

5. Risk Management

PEOs assume co-employment responsibilities, sharing certain employer liabilities with client companies. This can help mitigate risks related to employment-related lawsuits, workers' compensation claims, and other HR-related liabilities.

6. Focus on Core Business

By outsourcing HR functions to a PEO, businesses can free up time and resources to focus on their core operations and strategic priorities, fostering growth and innovation.

7. Scalability

PEO services are scalable, meaning they can easily adapt to accommodate changes in workforce size or business needs, providing flexibility for businesses as they grow or downsize.

8. Access to Technology

PEOs often offer access to advanced HR technology platforms for managing payroll, benefits enrollment, time tracking, and other HR processes, streamlining operations and improving efficiency.

9. Employee Development

Some PEOs provide training and development programs for employees, fostering professional growth and enhancing workforce productivity.

10. Competitive Advantage

Utilizing a PEO can give businesses a competitive edge by allowing them to offer competitive benefits packages, comply with regulations, and focus on strategic initiatives that drive success.

In summary, a company should consider a PEO if they seek to streamline HR operations, reduce costs, ensure compliance, enhance employee benefits, manage risks effectively, and focus on their core business objectives. Let NFP's PEO Center of Excellence help you find the right PEO fit!

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