Get ready to unpack the world of Professional Employer Organizations (PEOs) and their vital role in small business HR! We demystify PEOs and their superpowers, from cost savings to top-notch employee benefits and expert guidance. If you're looking for ways to supercharge your HR without breaking the bank, this episode is a must-listen.
But, of course, there are challenges too. We dive into the potential drawbacks of PEOs, like giving up control over certain HR functions. We help you weigh the pros and cons to make informed decisions that fit your business. And it wouldn't be a complete episode without discussing timing, enrollment rates, and picking the right PEO. Timing is everything when it comes to maximizing a PEO partnership, and Molly shares some game-changing insights you won't want to miss!
What you'll hear in this episode:
[0:00] PEOs and their role in HR for small businesses.
[3:35] PEOs, their benefits, and limitations.
[9:30] PEO benefits and drawbacks with insights on software, enrollment rates, and timing.
[12:55] PEOs, W-2s, and HR challenges for small businesses.
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