PEO companies can help your business lower its HR-related expenditures and, as studies suggest, also increase your ROI by 27.2%!
That's why we listed the best PEO providers to help you find a suitable agency partner pronto. Whether it's your first time working with a PEO company or you're currently looking for a new provider, this article is for you.
Better yet, share your info below to receive a personalized recommendation based on your specific requirements.
Professional Employer Organizations, or PEOs, are companies that provide HR, payroll, benefits and additional solutions to businesses of all sizes, including small and medium ones.
They effectively function as an extension of their client’s in-house team, forming partnerships via a co-employment model.
As the PEO company works with many other companies, the PEO can collectively bargain with all their clients’ employees combined, allowing them to help startups and small businesses access corporate-level HR benefits.
PEO services include but not limited to:
According to The National Association of Professional Employer Organizations (NAPEO), companies that use PEOs report:
According to NAPEO, there are nearly 1,000 PEO companies in the US, and over 175,000 businesses using their services.
Some of the most popular PEO services include:
PEO companies typically operate by one of two pricing models:
The fixed, per-employee rates vary, ranging from about $50 per month to over $150 per month. This would set your business back up to $1,800 per employee per year.
As for the payroll percentage, the industry average spans from as low as 4 percent to over 10 percent of total payroll per month, though this can still vary on the extremes and be dependent on the size of your company.
Finding the right PEO company for your business can be challenging, but you can use this list to help you out.
You can also fill out the form below for a personalized recommendation of the top-rated PEO companies that fit your needs.
Founded in 1990, CoAdvantage has become one of the best-known names in the businesses. The company supports over 4,500 clients and over 90,000 worksite employees across 50 states.
Among their standout services are administration, risk and compliance associated with payroll, tax filings, healthcare and ancillary benefits, and workers compensation.
Basically, if you are looking for basic services done right, CoAdvantage has you covered.
Company size: 400+ employees
Location: Tampa, FL
Amplify HR is an end-to-end HR management solution for small to mid-sized businesses.
They offer medical, dental, and visual benefits to clients’ employees. Retirement planning solutions are also available to clients of all sizes.
Amplify provides personalized customer support and ensures any inquiry or complaint is resolved with a human on the other side of the line, which is a great claim to fame and a huge advantage when compared to other PEO companies.
Your issues will be solved with a personalized touch, making things much easier for everyone involved.
Company size: 11-50 employees
Location: Lincolnshire, IL
Another industry leader, Vensure PEO works with businesses nationwide, processing over $4.7 billion in payroll and supporting a total workforce of 250,000.
The company is a great choice for small businesses in search of HR solutions, especially those who are looking for a more customized solution for their specific industry (which can be important, if required).
Company size: 300+ employees
Location: Chandler, AZ
Founded in 1992 in Sydney, Australia, CXC Global has offices and internal staff in 35+ countries, with global PEO and Employer of Record (EOR) capabilities in 65+ countries.
CXC Global is partnering with the US-based companies that want to hire globally in the countries they don't have offices in.
CXC’s proprietary compliance platform, CXC Comply, ensures compliant engagement of the workers and right-to-work checks in each country.
Company size: 180 employees
Location: Regional offices in North America, Europe, Asia Pacific, Latin America
Brandt International is a leading Malaysian business process outsourcing (BPO) company that supports businesses of all sizes in the financial, telecommunication, insurance, oil and gas, and FMCG industries.
Brandt International offers services in English and East-Asian languages.
One of their specialties is end-to-end customer experience management, strategic customer relationship development and managed multi-media contact centers with up to 200 seats.
Company size: 1,000+ employees
Location: Kuala Lumpur, Malaysia
KOISRA UP provides full market-entry services in South Korea, including company registration, payroll, HR and recruitment, visa and relocation, virtual offices and more.
It is part of KOISRA Co., Ltd. – a Korean business consulting firm – and it provides services to start-ups and multinational companies that wish to expand to the South Korean market, as well as to global PEO agencies that have no presence or license to work in South Korea.
Company size: 11 employees
Location: Seoul, South Korea; Tel Aviv, Israel; Taipei, Taiwan
factoHR provides HR management services and other operations to small and medium businesses, taking care of HR needs from “hire to retire.”
This company has been providing retirement benefits for the last 15+ years and HR software for 6+ years, serving over 1,000 clients with more than one million employees registered under their HRMS System.
One of the company's specialties includes features of self-onboarding, as well as safe and secure management of employee data.
Company size: 150+ employees
Location: Regional offices in Rajkot, Mumbai, Bangalore, Pune and Hyderabad
ExtensisHR is a national HR outsourcing service provider specializing in tailored PEO services and HR solutions for small and medium-sized businesses.
Its portfolio includes personalized solutions and services for HR, benefits, payroll and taxes, employer risk, employee management, recruiting, compliance and leading HRIS technology.
ExtensisHR’s managers have the expertise and flexibility to customize solutions to fit your needs, whether you have 10 employees or 2,500.
Company size: 201-500 employees
Location: Woodbridge, NJ
StaffLink Outsourcing is a national PEO that provides HR solutions to small and mid-size businesses, from payroll management to benefits administration.
Some of the services include COVID-19 resources along with PPP Loan reporting assistance, hiring procedural guidance and training, employment verification, reporting, liability insurance and pay-as-you-go workers’ compensation and compliance.
Company size: 10+ employees
Location: Parkway Sunrise, FL
Source It, Inc. has been a staple of Hawaii’s staffing industry for over 10 years, tailored to fit the island’s unique workforce and business needs.
It staffs some of the most fundamental and important job categories on the island, keeping them safe, strong and moving forward.
During the COVID-19 pandemic, Source it has been focusing on the still-thriving construction industry. Of particular note is the free certified payroll services that Source it provides for most state and federal construction workers.
Company size: Under 10 employees
Location: Honolulu, HI
CodersLink empowers scaling companies to build, grow and manage remote tech teams in Latin America.
Through remote staffing and direct placements, CodersLink ensures the best companies find the best talent to continue growing their technology teams, fill skill-gaps and respond to scaling needs.
Company size: 25-50 employees
Location: San Antonio, Texas, USA and Monterrey, Nuevo Leon, Mexico
Cekindo provides market entry services to companies and investors who want to enter new markets across South-East Asia. It specializes in market entry solutions from company registration to business visas and work permits.
Cekindo is part of In.Corp Group, a corporation that supports investors from around the globe to expand across Asia. It can be a good fit for your business if you want to enter Vietnam or Indonesia which are among the fastest-growing economies in the world.
Company size: 300+ employees
Location: Vietnam, Indonesia, Singapore, Philippines, Hong Kong, India, Malaysia, China
Biz Latin Hub provides corporate support services in English, Spanish and Portuguese for investors entering markets throughout Latin America and the South Pacific.
Besides key markets in Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guatemala, Mexico and other countries in Latin America, as well as Australia and New Zealand, Biz Latin Hub also plans for permanent representation in the United States and the United Kingdom.
Company size: 100 employees
Location: Bogotá, Colombia
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Some of the most important questions to ask PEO companies are:
PEO companies help SMBs access corporate-level HR and benefits cost-effectively thanks to their co-employment model and allow them to stay competitive on multiple levels with larger corporations.
And while you can expect to pay up to $1,800 per employee per year, the cost of providing these services and benefits yourself will almost certainly be greater.
Their most sought-after services include:
Yet partnering with a PEO exposes your companies’ sensitive details and business areas to a third party, and takes a bit of the control out of your hands (though you still have the final say on everything), so finding the right partner is key.
Services like PEO Analysis help shorten the path to the right partner significantly.
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