WHAT IS A PEO?
Why smart business owners are turning to outsourcing
Running a business can be difficult.... we can help
Let's face it. Being an employer in today's marketplace can be challenging at times. As your business grows, so do the strains from employee-related services and new government regulations. Inevitably, the critical attention of your leadership is diverted away from strategic decision making. You have enough to worry about without administrative burdens slowing you down and distracting you from your goals and objectives.
What if you could hand over key HR responsibilities to a trusted partner?
What if you could proudly offer your employees big-company benefits without the big-company price tag?
What if you had more time and freedom to focus on the goals you've been working so hard to accomplish?
What if you could leverage a local team of dedicated experts in HR best practices and compliance?
What if you could help your growing company avoid unpredictable costs and other business risks?
What is a PEO?
According to the National Association of Professional Employer Organizations (NAPEO):
"Professional employer organizations (PEOs) provide human resource services for their small business clients—paying wages and taxes and often assisting with compliance with myriad state and federal rules and regulations.
In addition, many PEOs also provide workers with access to 401(k) plans, health, dental and life insurance, dependent care, and other benefits not typically provided by small businesses.
In doing so, they enable clients to cost-effectively outsource the management of human resources, employee benefits, payroll and workers' compensation. PEO clients can thus focus on their core competencies to maintain and grow their bottom line."
PEO adoption by the numbers
Number of small and mid-sized companies that utilize a PEO
Number of worksite employees covered by a PEO
Estimated Gross annual wages paid through a PEO
Thrive's approach to PEO
Now that you know what a PEO does, connect with us today to learn how we apply our unique approach to this valuable business tool. Thrive delivers highly-customized solutions that remove the friction and risks associated with scaling your business. We deliver the expertise, automation, and insights you need to get the most out of your investment in people.