PEO

Professional employer organizations can be a wonderful way for businesses large and small to handle and strengthen their human resources capabilities, but many organizations new to the industry don’t know what to expect from their PEO partners. As one of the nation’s leading PEOs, CoAdvantage is no stranger to working with businesses who have fallen for a few myths. Here we correct some of the biggest misconceptions we encounter.

Myth #1: PEOs are only for big businesses.

While there may be a lot of reasons businesses choose to outsource their HR functions with a Professional Employer Organization (PEO), these are the top five reasons startups use PEOs.
Business Process Outsourcing is a special kind of outsourcing: instead of using a contractor or agency to outsource a specific project, you outsource an entire business process, like HR. So while some of CoAdvantage's clients only use specific services - like talent acquisition - others have us take over their HR functions entirely in our capacity as a PEO (professional employer organization).
When weighing whether to outsource all or some of your HR needs, consider these questions.
Doctors and dentists, more than most small businesses, face a steep divide between their core expertise (medicine and dentistry) and the demands of running an office and employing staff.
IT is a rapidly shifting industry, with constant advances and evolving proficiencies required.Because IT service companies mainly provide expertise, labor tends to be their largest expense category.
HRO reduces labor costs, saves business owners time and unites the right expert personnel with the right employer. It frees owners to focus on growth and cements the firm’s public reputation with stellar talent are key elements of future success.
Small businesses need an edge when competing with larger companies for top talent.
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