The PEO model is a new way to reach freelance and contract workers. The model stands for “provider of payroll services.” ePEO providers are businesses which offer the accounting, billing, invoicing and timekeeping functions that an employee needs in order to be paid by their employer or take on additional work outside of the office.
The “list of professional employer organizations” is a list of the top 7 PEO companies we recommend in 2021. These are the best and most reliable PEOs to work with that provide great benefits for your business.
Standout Features of Insperity PEO
Insperity may not have clear pricing or a simple UI like Justworks, but it makes up for it with the breadth of support it provides. It offers comprehensive training choices for workers and managers in addition to employee benefits, HR, and payroll systems. Here are some of its most important characteristics:
Insperity pays employees through direct deposit, pay card, and cheques. You don’t have to pay extra for check processing, unlike Paychex. It also takes care of garnishments, including paying the relevant federal agency immediately. It does not, however, handle worldwide payroll, therefore if you have foreign workers, we suggest ADP, Papaya Global, or Rippling.
Insperity comes with 50 pre-built payroll-related reports in addition to fast pay processing capabilities (including job costing). This makes analyzing payroll data a breeze, and you can even request a bespoke report.
Benefits: You have access to enterprise-level health, dental, and vision plans, as well as FSA/HSA, life and accident insurance, and basic disability insurance, in addition to an employee assistance program. You may participate in an Insperity-managed 401(k) plan or create your own Insperity Customized 401(k) that is tailored to your needs and offers a variety of choices for eligibility, enrollment, vesting, and more.
Consider Paychex’s health reimbursement arrangement (HRA) service if you want to provide a perk that helps your employees pay for qualifying medical costs not covered by their health plan. XcelHR offers a wide variety of non-standard benefits, including car, house, and pet insurance policies.
HR assistance: Insperity offers great staff development and engagement tools in addition to standard HR support (such as handbooks and onboarding). It helps you perform cultural surveys, write mission statements, and personalize a rewards program for your employees. It also keeps workers learning with over 30,000 online books, 2,000+ audiobooks, and over 5,000 self-paced courses in areas such as business, technology, and compliance.
Insperity’s employee engagement and training features are more comprehensive than those of Justworks and Xcel HR. You also don’t have to pay extra for LMS features (like Rippling).
Compliance assistance: Its representatives can assist you in staying in compliance with numerous laws, including employment, tax, payroll, and termination restrictions. It also includes labor law posters and a hotline for employee complaints run by the Equal Employment Opportunity Commission (EEOC). It does not, however, include the legal defense benefit of ADP TotalSource or the cyber liability insurance coverage of Paychex.
Employee portal: Using Insperity’s self-service solutions, your employees may access and modify their benefits from a computer or mobile device. Employees may call Insperity’s benefits experts at any time if they have concerns regarding a plan’s coverage.
Ease of use: Insperity provides you with dedicated representatives as well as a team of HR experts. While it has how-to articles, the instructions are rudimentary and difficult to locate on the internet.
7 top PEO companies we recommend in 2021. Reference: global peo companies.
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