SupportMyth #1: PEOs are more cost effective.
Some PEOs take a percentage of total payroll, while others charge per employee. Based on the average per employee, per month (PEPM) cost of a PEO, you could be paying over 300% more per year for generic support and limited benefits flexibility compared to in-house solutions.
Myth #2: PEOs offer better insurance rates.
PEOs get small businesses better insurance plans and premiums by bundling employees from multiple businesses into one large group. But if just a handful of employees across the PEO’s entire client base experience high-cost medical events, everyone’s costs increase.
Myth #3: PEOs reduce our liability.
PEOs offer some liability support, but under strict conditions. You could lose access to their legal support entirely if you stray from their guidance, even unintentionally.
Myth #4: PEOs save us time.
Compared to manual, back-office HR and payroll processes, PEOs save time. But you don’t need a PEO to achieve that.
Payroll & Tax Services
ATS/Job Board Integration
Workforce Scheduling
Streamlined Employee Onboarding
Human Resource Information System (HRIS)
Benefits Administration (with Carrier Feeds)/ACA
Time & Attendance
Performance Management
Employee Engagement
Customizable Learning Management System (LMS)
Employee Financial & Mental Wellness
Retirement Solutions (IRA/401K)
Integration Marketplace
Managed Payroll Services
Outsourced HR Services
