The BestFit Guide: Everything You Need to Know About Choosing the Best PEO for Your Business

Identifying the right Professional Employer Organization is no easy task. There are currently more than 500 options in the U.S. and no two PEOs are the same. That’s why we created The BestFit Guide, to help companies quickly and easily identify the best match that fits their current business needs. Written by BestFit President Nate Olsen, this guide taps into our collective 100+ years of industry experience to demystify the PEO world and help you initiate a successful search for a new HR services partner.

 
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Our free e-book includes:

  • Details about the many unique services available to small and medium-sized companies through a PEO partnership and how those options can help accelerate growth and success.  
  • Advice about when a company should consider hiring an HR and business services provider.
  • PEO pricing information and options.  
  • Information about PEO brokers and why using one saves time, money and aggravation.
  • Advice for moving from one HR services provider to another to allow for a smooth transition that minimizes the impacts on employees.  

The BestFit Guide is completely free and available for immediate download. Simply provide your name, company name and an email address to access the best that PEOs have to offer.
Professional Employer Organization

FAQs

How does a PEO help streamline HR processes and save costs for my business?

A PEO can centralize various HR functions, including payroll, benefits administration, and compliance management. By leveraging economies of scale, PEOs can often negotiate better rates for benefits and insurance, leading to cost savings for your business. This enables you to focus on your core operations while efficiently managing HR tasks.

What factors should I consider when evaluating the quality of healthcare benefits offered by a PEO?

Look for a PEO that provides a range of healthcare options catering to your employees' diverse needs. Evaluate the network coverage, provider options, and the flexibility to customize plans. Additionally, consider the PEO's track record in managing and controlling healthcare costs, as this will impact both your budget and employee satisfaction.

How can a PEO contribute to employee satisfaction and retention?

PEOs often offer comprehensive employee benefits packages, including health insurance, retirement plans, and wellness programs. These offerings can enhance overall job satisfaction and contribute to employee retention. Additionally, by handling administrative tasks efficiently, a PEO frees up time for your internal HR team to focus on strategic initiatives that positively impact employee engagement.

What compliance and regulatory expertise should I expect from a reputable PEO?

A reliable PEO should have a deep understanding of local, state, and federal employment laws. They should keep abreast of regulatory changes and ensure your business remains in compliance. This expertise is crucial in mitigating legal risks and avoiding potential penalties. Inquire about their compliance track record and how they stay informed about evolving regulations.

Can you explain the onboarding process, and how quickly can a PEO integrate with our existing HR systems?

The onboarding process with a PEO should be seamless to minimize disruption. A reputable PEO will have a well-defined onboarding plan, including data migration and system integration. Timeframes can vary, so it's essential to discuss the specific needs of your business and understand the PEO's capabilities in adapting to your existing HR systems. A smooth transition is crucial for maintaining operational efficiency.