What is a PEO?
A professional employer organization (PEO) provides comprehensive HR solutions for small and mid-size businesses. Payroll, benefits, HR, tax administration, and regulatory compliance assistance are some of the many services PEOs provide to growing businesses across the country. According to the “small businesses that work with a PEO grow 7–9 percent faster, have employee turnover that is 10–4 percent lower, and are 50 percent less likely to go out of business.The return on investment of using a PEO, in costs savings alone, is 27.3 percent.”
What exactly does a PEO do?
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Handle comprehensive HR services for employers, including payroll processing, HR compliance, risk management, employee benefits, employment tax, and time and attendance management
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Help reduce liability for payment of wages, payroll taxes, and state unemployment taxes
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Assist with employee recruitment and reduction of employee turnover
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Make your business more attractive to current and potential employees
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Save you time so you can focus on the day to day operations and growth of your business
How does 29Bison help?
Not all PEOs are the same. So, how do you know which one is best for your business? That’s where we come in.
We will quarterback the entire PEO selection process from needs assessment and vendor screening to data collection and coordinating technical demos. And, since our fees are paid by the PEOs, we do all this at no cost to you!
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Other services to grow your investment
Growing your investment means fielding a winning team, cultivating a strong culture, and proactively addressing issues of equity, pay parity, succession and development.