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PEO Vs. Payroll Service Providers: How Are They Different?

Genesis HR Solutions

Are you wondering whether a Professional Employer Organization (PEO) or payroll service provider is the best fit for your company’s needs? What is a payroll provider? A payroll service provider is a third-party company hired to process a company’s payroll. It’s not difficult to find payroll service vendors.

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Professional Employer Organization (PEO): Right for Your Business?

Business Management Daily

While the name ‘ professional employer organization ‘ may imply that they outsource all employment services, they only provide HR solutions. Each PEO is a standalone company offering unique services, which can differ from PEO to PEO. Let’s say you want to provide dental and vision insurance for your employees.

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Voluntary Benefits Improve Employee Satisfaction and Retention

InterWest Insurance Services

Once the employee enrolls in a voluntary benefit plan, payroll services companies routinely automate this process for employers, making ongoing benefits administration hassle-free for small businesses. Roll them out a few at a time, starting with life insurance, dental/vision and/or disability insurance.

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What is a PEO?

Insperity

This includes medical, dental and vision coverage, a health care flexible spending account , a retirement plan, life insurance and personal accident insurance, short-term and long-term disability insurance, adoption assistance, commuter benefits and educational assistance. Payroll processing.

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7 PEO benefits that can save you money

Insperity

As a co-employer, the PEO is able to offer a wide variety of benefits to your employees through PEO-sponsored benefit plans, such as medical, dental and vision coverage, a healthcare flexible spending account, and life and disability benefits. Retirement plans.

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Outsourcing HR services for your small business: What you need to know

Insperity

Get the help you need to: Provide employee access to big-company benefits – When outsourcing, everything from medical health insurance and dental and vision coverage to adoption assistance and training and development resources are in reach. What is the cost for outsourced HR and payroll services?

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How much does a PEO cost?

Genesis HR Solutions

Annual renewals of insurance including: medical, dental, vision, life, disability, worker’s compensation. Providing customer service around benefits, including answering questions around life events and qualifications and service around claims. Payroll service. Selecting taxes and benefits enrollment.

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