What is the difference between PEO and payroll services?
PEO (Professional Employer Organization) services offer a comprehensive approach that extends beyond basic payroll functions. While payroll services solely handle the calculation and distribution of employee wages, PEOs integrate HR management, benefits administration, compliance assistance, and risk management. With the best PEO services, businesses can streamline operations, gain access to better benefits packages, ensure compliance with regulations, and receive expert HR guidance. In essence, PEOs not only manage payroll efficiently but also provide invaluable support for overall business growth and employee satisfaction.
