A business owner feels the pressure of the whole world on their shoulders, thanks to an increasingly competitive market. It is where the best PEO services take administrative burdens off your shoulders. Officially known as Professional Employer Organization, it is an external company that handles business’s administrative, financial, and human resources (HR) needs.
Payroll processing to employee hiring and benefits can easily be outsourced to professional experts in the above parts of the company.
The critical services warrant the best PEO services. We looked over the best PEO services and narrowed our research field by searching the accreditation of companies to Employer Services Assurance Corporation (ESAC) and the Internal Revenue Service (IRS). We evaluated every PEO service provider based on third-party ratings and customer reviews to cater to you the best in the industry. So here is our shortened list, which provides the best PEO service for the individual sector.
Best PEO Services of 2023
Best for
- Industry-Specific Services: TriNet and MM Enterprises
- Support: Paychex
- Small Businesses: Insperity
- Large Businesses: INFINITI HR
- Startups: Oasis Outsourcing
- Customer Service: ADP TotalSource
- Benefits: Justworks
Business Model of the Best PEO Services
PEO HR services go by various names, such as co-employment, business outsourcing, or HR outsourcing. PEOs can efficiently manage every work ranging from employee benefits to workers’ compensation. After joining the PEO, they become the professional employer of the entire workforce. They are liable for every perk and benefit for your employee.
MM Enterprises has been in the business since the 90s. The PEO organization advises clients to make clear HR outsourcing decisions resulting in solid business solutions. Usually, PEOs hire employees according to their business needs, making them more attractive to potential hires.
Work Responsibility of PEO
PEOs organize all employee-related responsibilities while providing cost-effective HR, payroll, insurance, advantages, and risk management solutions. It is a perfect solution to scale your company to operate efficiently. Thus employing the best PEO services can work in your favour, as the PEO manages the client’s payroll authority.
While PEOs are divided into two groups. One works for SMEs (small and medium enterprises), and the other works for large enterprises. For any SME, PEO is the perfect solution as they need HR staff.
Market Trends
PEOs are known to offer HR outsourcing as co-employment. They provide individual services to companies of every size. The good news is that the PEO market is adaptive in keeping up with new trends by remaining steady during the pandemic. In 2020, the PEO market was valued at $52.44 billion and still counting. The international PEO market has seen a spike of $106.21 billion by 2028. simultaneously, there is a growth of 10.61% CAGR during 2021-2028.
Hiring a PEO entails getting a payroll account manager and HR generalist. An HR expert with knowledge of payroll can answer all your queries. It is ideal for startups and guides employment matters like hiring, scaling, and recruiting. Also, before recruiting any of the best PEO services mentioned, several factors should be kept in mind. The first factor is taking advice from professionals before choosing the best PEO services for your business.
We know you still have many unanswered questions. Well, there are some FAQs. We hope you will get some clarity after this.
Best PEO services
ADP TotalSource (Roseland, New Jersey)
USP- Caters best to startups and mid-size enterprises.
Founded in: 1984
Number of Employees: 10000+
Locations: Montreal, Mississauga, Carouge, Chertsey, Maharashtra, Hyderabad, Milano, Nanterre, Neu-Isenberg, São Paulo, Roseland, Chandler, Phoenix, Pleasanton, Augusta, Grove Village, Charlotte, Manchester, Parsippany, Parsippany-Troy Hills, New York, Austin
ADP total source is a full-service HR organization that believes in giving data-driven strategies with HR expertise. Excellent HR outsourcing helps small and medium-sized companies facilitate payroll, risks, and business HR. They help in saving time by giving timely protection.
ADP offer affordable benefits to clients to accomplish business goals faster. They provide expert assistance to every client and navigate problems and queries.
Core Services:
- Human Capital Management
- HR BPO
- Payroll & Tax Services
- Human Resource Management
- Taxes and Compliance
- Benefits Administration
Clients:
- 360 Wraps
- Airteam
- AirIT
Features:
- Design the products in better ways to work through cutting-edge merchandise, premium services, and extraordinary experiences.
- Providing simplified work solutions. Thus keeping it accessible for you.
- Empower the organization with practical tools and resources to encourage you to work smarter.
MME
Founded in: 1994
Number of employees: 200+
Location: New Delhi, India
The company has built robust relationships with India’s top 500 companies while catering to top-tier talent worldwide. The expertise lies in earning recognition for the skill and the company by providing unwavering commitment, client satisfaction, and professional collaborations.
One of Asia’s leading global PEO/EOR/RPO providers offering end-to-end solutions that can facilitate rapid labour dispatch and employment in India. All this without setting up any local entity. The company is keen to encourage immediate entry into India by hiring individual staff members or teams on the company’s behalf and taking care of all administrative and compliance issues.
Using the expertise of MME, businesses gain a foothold in a complex Indian market while postponing the necessity of legal entity setup.
Features:
- Owns a fully licensed, legal entity in India and does not subcontract to any other vendor.
- MME has a physical presence in India, with its HQ in Delhi.
- The team has qualified experts with 25000+ employee onboarding.
- Flexible and customizable pricing with legit contract terms without long-term commitments.
- An efficient HR management platform with a dedicated technical support team onsite.
Core Expertise:
- PEO
- EOR
- RPO
- executive recruitment
Bambee
Founded in: 2016
No. of Employees: 51-200
Location: Los Angeles, USA
Bambee is one of the best PEO services to provide HR solutions. They are allowing small businesses to remain HR compliant by streamlining various aspects associated with the department. They assign your company a dedicated HR expert that performs audits regularly.
The experts’ work lies in identifying gaps and taking action to address them. They also brainstorm with you to curate custom HR policies while ensuring your current policies are up-to-date. It is a game changer in employee relationship management.
They also insist on mandatory training practices and ensure employee onboarding and termination are done in a way compliant with labour laws.
Core Services:
- Employee Relationship Management
- Payroll Management
- Creating Custom HR Policies
- HR Auditing
- Staff Performance Tracking
Clients:
- Hank’s Bagels
- Knife Aid
- Stojo Projects
Features:
The features include guided payroll management and assigned HR experts. On top of all these facilities, they have HR Practice Automation.
Pros:
- Expansion of business in new territories and compliance with HR policies.
- Automatic tax filing
- Training and onboarding of employees.
- It is establishing a review system that works two ways.
Its only con is that it is not suitable for large enterprises.
Price: Starts at $99/month. The compensation can increase with the number of employees.
Oyster (Global, US)
USP: The company is apt for small businesses, startups, and enterprises.
Founded in: 2020
Number of Employees: 500-1000
Locations: United States
Oyster is one of the most efficient PEO services that help clients in their expansion goals. It offers a world-class team that backs the above statement with its work.
They deliver a set of tools to help HR and people operations and help manage different departments. It helps keep the Oyster team on track as it is based in 60 countries worldwide.
Oyster also allows clients to explore remote advantages. It helps budding companies hire, pay, and take care of employees. Hence, a platform that provides various global employment opportunities.
Core Services:
- Payroll services
- Hiring & onboarding
- Salary Management Services
- Compliance
- Localized benefits and rewards
Clients:
- Bob
- Nomads
- Quora
- WeWork
- hi people
Features:
- They give the liberty of Global hire to meet employee standards of expertise.
- Health benefits, company equity, relocation assistance, expense reimbursement, etc.
- We are hiring the ultimate A+ team seamlessly within days.
Pricing: there are free packages for $ 399 per employee per month.
Rippling (San Francisco, CA)
USP: Best for Rippling’s services, apt for startups and enterprises.
Founded in: 2016
Number of Employees: 1000-5000
Locations: Beijing, San Francisco, New York, Bellevue, Bengaluru
Rippling is a human resource management company, a one-stop shop that manages HR and IT operations. What are clients getting? They get access to all facilities, from onboarding to offboarding, in one place. Additionally, they keep client data in a unified format preventing the hassle of using multiple data systems.
It can quickly happen thanks to Rippling Workflow Automator. It automates all processes in multiple systems at a time. Therefore, the client can level HR, IT, and third-party data into a single analytics system. The clients get centralized data and facilitation of the company’s policies while controlling the company’s permission and approval procedures according to the guidelines.
Core Services:
- Payroll services
- HR outsourcing
- IT solutions
- Devices & apps
Clients:
- Double Good
- Chess.com
- Highnoon
- Beam
- Superhuman
Features:
- Businesses now have the option of automating all the manual work.
- Powerful and advanced HR solutions with flexibility for customization.
- The core ideology of Rippling is to get rid of mundane administrative positions with the latest HR software.
Pros:
- The client gets access to every software which will automate the work
- Approval of processes.
- Reliable decisions can be taken faster with analytics for proven success.
- Unified document management system to store HR docs.
Cons:
- They don’t provide insights into the next paycheck.
- Thus needing help accessing the total paid hours.
Pricing: starts from
Paychex (Rochester, NY)
USP: the services are suitable for small enterprises.
Founded in: 1971
Number of Employees: 10000+
Locations: Panorama Trail South, Rochester, NY
An American PEO company that provides HR, payroll, and outsourcing services to SMEs. An excellent alternative for engaging employee existence by using Paychex HR PEO, retaining talent, and offering fantastic payroll processing to maintain legislative compliance. It gives workers payment plans through an insurance agency, helping clients follow laws and regulations and reducing compliance risks in the business.
They have regulatory and compliance experts to monitor federal laws and regulations changes to manoeuvre the above situations.
Core Services:
- Payroll Tax Services
- Administration
- Human Resources
- Workers’ Compensation
- HR Outsourcing
Features:
- The services offer PEO human resource management for payroll, HR outsourcing, and insurance services.
- It is known to empower them with innovative software and mobility platforms with reliable services, helping SMEs focus on growth.
- They have armoured themselves with the expertise of highly trained consultants and professionals to meet the requirements of clients and employees.
Pros:
- Extensive onboarding programs with the scope of upskilling for future employees.
- Payroll professionals are experts dedicated to helping employees pay on time.
- Assistance with HR-related challenges with accurate HR advice and information.
Cons:
- There is no customization in reports—the same template for every piece of information.
- There is a long due process for the timesheet.
DEEL
USP: the service is a game changer for small business owners, startups, and enterprises.
Founded in: 2018
Number of Employees: 501-1000
Locations: London, Tel Aviv, San Francisco, Lafayette St., New York.
DEEL is the market leader in payroll and compliance in San Fransisco, California. The company offers its services to other companies hiring worldwide workers and contractors. Thus enabling and empowering multiple organizations to create a market for their products while employing a workforce from anywhere globally.
As we said, it is a trusted partner where payroll and compliance are concerned. It has helped multiple companies to build locally compliant contracts for paying their respective teams in their currencies. On top of that, those companies are protected against risks bringing global payroll to all businesses. At the same time, they are releasing open APIs for hiring employees seamlessly.
Core Services:
- Payment Services
- Independent Contractors
- Remote Hiring
- Remote Work
- Financial Services
- EOR
- Payroll
Clients
- Dropbox
- Shopify
- Airtable
- Notion
- Mercury
Features:
- Deel has made the impossible situation p[ossible by hiring full-time employees in over 150+ countries.
- The company is levelling up the game by taking help from professionals in the respective fields, which includes HR management, compliance risks, and payroll processing.
- Deel has made legally compliant contracts in 150+ countries for its employees while paying their worldwide staff in their choice currencies and form of payment.
Pros:
- The client can fund the payroll with one click.
- A separate digital invoice for each payment.
- Customer handling is available 24/7 with customer care
- The intellectual property is in safe hands.
Cons:
- Compensation changes can be a complex and lengthy process.
- The support may only be functional some of the time.
Pricing: The pricing ranges from $49 to $99 per month per employee
Insperity (Kingwood, TX)
Founded in: 1986
Number of Employees: 1000-5000
Locations: Kingwood
Insperity is a professional employer organization providing SMEs with human resources and administrative services. The help provided by the best PEO services helps maximize the benefits’ productivity while minimizing the stakes. The best part about this service?
It gives scalable infrastructure to control expenses and eliminate inefficiencies that must be fixed for the client company. It is an efficient HR outsourcing service.
The company offers premium and cost-effective solutions to its clients and, at the same time, maintains a long-term relationship with them. Insperity is an Hr infrastructure that adapts to your business requisites and completes tasks faster.
Core Services:
- Human Resources
- Professional Employer Organization
- Payroll services
- Disability insurance
- Business services
Clients:
- CyberDyme
- The Instore Group
- Imagine Technology Group
- Symtec
- The Book Report Network
Features:
- Customizable HR services, payroll processing, tax compliance, etc.
- Handles administrative tasks efficiently while reducing compliance risks
- It offers a full-stack two-year HR outsourcing service that offers budgetary certainty.
Pros:
- Faster business transitions with a rapidly changing industry.
- State-of-the-art HR technology for optimization of the HR department.
- Personalized customer care and compliance support.
Cons:
- Steep learning curve
- It doesn’t offer remote options/ WFH.
TriNet (Dublin, CA)
Founded in: 1988
Number of Employees: 1000-5000
Locations: Dublin, New Jersey, New York, Texas
TriNet is A cloud-based PEO for SMEs known for administering payroll and health benefits. It offers full-time HR solutions to scan and showcase the business. The software can showcase every payment information, managing and updating the database with one click.
TriNet offers expertise in human capital, benefits, risk mitigation, compliance, payroll, etc. They also provide various tools such as web-hosted management portals and employee self-service. The company also guides best available practices for business growth with a wide range of plans to benefit the clients.
Core Services:
- Full-service HR solutions
- HR for SMB
- Real-time HR Technology
- Risk Mitigation
- Workforce Transformation
Clients:
- LOUD Capital
- Dagne Dover
- MHS Artists
- Edge Electronics
- Summit Public Schools
Features:
- The best HR outsourcing solutions will be correct for your business.
- Team of specialists who can guide you in maintaining superior business goals.
Pros:
- Talent management with sensitive issues is core expertise.
- Full-service HR solutions while you will be getting ample time for your business.
- Proactive risk mitigation with seamless payroll services.
Cons:
- Lengthy payroll processing
- Timesheets take time to upload in TriNet software.
Justworks (New York, US)
USP: Justworks is known for exemplary services with startups and small enterprises.
Founded in: 2012
Number of Employees: 500-1000
Locations: New York
It is a cloud-based platform that allows employees to generate and automate payroll, HR tools, and compliance. They ensure the client and team feel secure with the intellectual properties and services. Thus offering high quality is their motto and global aspiration.
They manage your entire team from one place, which makes online boarding seamless. Justworks manages every aspect of HR management while maintaining employer-related compliance requirements.
Core Services:
- Compliance
- PEO Payroll
- User Experience
- Saas & HR Software
- Health Insurance
Clients:
- CASE
- CreativeMornings
- Little Cinema
- GivingData
- DeanTechnology
Features:
- Hiring and onboarding remote teams is core expertise.
- High-quality health insurance, thus taking better care of employees.
- Clients can easily navigate the paid journey tracking.
Pricing: The service price starts from $44 to $89 per month per employee.
CoAdvantage PEO (Tampa, Florida)
USP: the service is best for any enterprise size and thus caters to every extent.
Founded in: 1997
Number of Employees: 200-500
Locations: Tampa, Alabama; Arizona; Irvine; Pasadena; San Diego, Colorado; Bradenton, Jacksonville; Miami; Miramar; Ocala, Orlando; Pensacola; Palm Beach Gardens; Atlanta; Savannah; New Jersey; New York; East Garden City; North Carolina, Austin, Bedford, Houston.
The core expertise of this service lies in handling complex HR solutions and, at the same time, being an excellent outsourcing partner. The PEO company helps administer payroll, workers’ compensation, and core HR functions. Partnering with Co Advantage will benefit the employees as they support you in critical HR areas.
Handling critical loopholes gives growth and revenue mileage to the client company.
Core Services:
- Professional Employer Organization
- Payroll services
- Workers’ compensation
- Human Resources
- Administration
Features:
- It was ranked as the fastest-growing PEO company due to its dedication to improving service quality.
- An absolute expert in handling HR problems.
- Expertise lies in complex HR activities.
VensureHR (Chandler, AZ)
Founded in: 2004
Number of Employees: 1000-5000
Locations: Arizona, Florida, Georgia, Hawaii
Venture HR is one of the best PEO services, which is the fastest-growing professional employer organization offering end-to-end great HR solutions. Their expertise lies in payroll processing and risk management; therefore can be exemplary payroll processing partners one more feature of the services is that they adapt themselves according to every business size.
Thus it is an experienced PEO company to provide vast access to tools and resources for easy management.
Core Services:
- Payroll & Benefits Administration
- Workers’ compensation
- Human Resources
- Proactive Risk Solutions
Features:
- The service is committed to providing employee benefits by offering excellent HR outsourcing solutions to clients.
- Offers flexible business solutions in Risk Management, Benefits, Payroll administration, etc., and are accessible from around the globe.
- It gives unrestricted access to products and services. The feature eases your company’s everyday managerial operations and administrative responsibilities.
GenesisHR (Burlington, Massachusetts)
Founded in: 1991
Number of Employees: 11-50
Locations: Burlington, Massachusetts
Genesis HR is a personalized business HR solution with 30+ years of experience helping clients manage their businesses efficiently. They enable and empower their clients to be better employers by navigating employment opportunities and, at the same time, providing cost-effective solutions to clients and team members.
The team accomplishes all this by dishing comprehensive HR tools and a dedicated HR support team and, in comparison, offering full-service payroll and proactive compliance.
Core Services:
- HR Services
- Benefits & Administration
- Full-service payroll
- Compliance
Features:
- A PEO company offering outsourcing services
- Ensures effortless onboarding of employees while supporting office culture and growth.
- Its cloud-based software can be accessible from any part of the world.
Pricing: the pricing starts from $80/ month for the starter pack to 100$/ month for the essential pack. But you have to shell out 125$ for the supercharged package.
Frequently Asked Questions Regarding Best PEO Services
Q #1) Should I employ a PEO for my business?
Answer: a PEO company manages every HR task in a single location with an efficient team. The critical aspect of using the service is to increase the quality of services and benefits for your employees.
Q #2) What does PEO stand for, and what is its work description?
Answer: PEO stands for Professional Employer Organization, a joint employment union with an employer. It rents workers to the employer and manages various employee-related responsibilities. Therefore, some HR functions can be outsourced using PEOs.
Q #3) What are the work responsibilities of PEO services?
Answer: it is a co-employment strategy to maintain and handle specialized services while being under client management. Many businesses prefer to outsource certain services, such as payroll processing, to check if they are done correctly. PEOs are hired to save the cost of an additional HR team while providing the team with expert training and upskilling for the company’s growth.
Q #4) Who pays the employees in a PEO?
Answer: companies entering into a PEO relationship have complete ownership of their business where delegating work and operations is concerned. PEO focuses on other sides of employee engagement, such as HR outsourcing, employment-related taxes, PEO payroll, and many more services. The PEO organizes all the legal operations of the business for their clients.
Q #5) How many employees are required for a company to join a PEO?
Answer: PEO caters to all. From 5 to 500 small companies to large, they are recognized as the HR outsourcing global PEO services.
So, that is it. Here were some of the questions that lingered when we discussed the best PEO services. Let’s get to that section for which this blog needed to be written and circulated.
Conclusion
Well, good things do finish very quickly. So here are the 12 best PEO services, with a detailed analysis of their core services, features, pros, cons, etc., in this sector. The blog will only help you choose the lot’s best mangoes ( best PEO services) while focusing on your requirement. Hence, the detailed analysis will help you determine which best meets your company’s needs.
A better PEO company will only elevate your efforts in business operations. The best PEO services handle HR services for employers and reduce liability for paying wages. The best PEO services will help you save time and grow your business.