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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. They are growth-oriented.

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Why Do Companies Outsource HR? 8 Compelling Reasons

Genesis HR Solutions

Specifically, when companies outsource to professional employer organizations (PEOs) like GenesisHR , they are able to hand over this headache to a partner who specializes in it. To manage all your insurance partners and insurance administration. This affects both hiring and retention.

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What is a PEO?

Insperity

The good news: There’s help out there – it’s called a professional employer organization (PEO). These organizations can work with your company to provide comprehensive and affordable payroll, benefits and human resource services through a business-to-business relationship called “co-employment.

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An in-Depth analysis of the Best HR software solutions and how to pick one

Business Management Daily

Tax forms Job application Offer letter Performance reviews Disciplinary actions Time cards Resumes Medical records Pay stubs Signed employee handbook Benefits information PTO forms As you can see, every employee involves a ton of recordkeeping, which will quickly become incredibly cumbersome without a centralized software system to store it all.