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PEO, what is and why you need to hire it.
Proffesional Employer Organization (PEO) www.gceglobalsolutions.com Maybe you were wondering what PEO is. Well, the Professional employer organizations (PEO) are entities that provide employee management services, such as payroll processing, benefits management and recruitment, to businesses. This allows employers to outsource their human resource functions, such as employee benefits, compensation and payroll administration, workers' compensation, and employment taxes. PEO’s are the most effective way for small and mid-sized companies to outsource employer services such as payroll services, benefit plan administration and workers’ compensation administration. Now, you may be wondering what are the benefits of hiring a PEO for your business, so next we will list some of them: Positive Return Of Investment (ROI). Employers see an average annual return on investment of 27.2% from using a PEO. Faster growth rate . Businesses who use a PEO grow 7-9% faster and are 50% l...