PEO Professional Employer Organization Awareness – NAPEO Survey Shows Its Growing
Summary
The concept of co-employment, which is at the center of the PEO model, was first developed in the 1980s by a handful of companies that wanted to provide small businesses with access to better employee benefits packages. As the PEO industry grew, it began to offer a broader range of HR solutions, like payroll processing, tax filings, and regulatory compliance. PEOs, on the other hand, provide an exhaustive suite of HR solutions, including payroll processing, tax filings, benefits administration, and regulatory compliance. By partnering with a PEO, small businesses can easily introduce new employees, expand into new states or regions, and access additional HR services as needed. Businesses of all sizes are recognizing the advantages of partnering with a PEO, including access to better employee benefits, streamlined HR processes, and compliance with employment laws and regulations.
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