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This is one of the most common questions we get here at the PEO Distillery!

 

The answer is complex. 

 

PEO started out as a construct (Co-Employment) in 1979 to outsource Worker's Comp, Tax, and shortly thereafter benefits administration.  Payroll is at the center of that construct so at a minimum PEOs had at least a hand in these 4 areas. 

 

Payroll

Worker's Compensation

Benefits

Tax Administration

 

 

Since the advent of PEO the service lines provided by or Whitelabeled FOR the PEO have been many.

 

For Example, Rippling will do some or all of the 4 above, but they also act as an outsourced IT Department, and International EOR service.  TriNet will do some or all of the big 4, but will also provide R&D Tax Credit Help, Leave Management, and Cap Table assistance.  Other PEOs offer legal services, recruiting, website management, Brokered benefits, and on and on.

 

So what started out as a Worker's Comp and Tax administration tool, morphed into one of the broadest marketplaces of HR/Finance/IT/Etc ever seen.

 

Here is a not quite exhaustive list of the things we've seen included in a PEO proposal:

EPLI insurance

Time and Labor Management

Learning Management Software

R&D Tax Credits

Financial Wellness

Groupon style discounting microsites

Health and Wellness programs

Cap Table Management

Expense Management

Applicant Tracking

 

Our take on the market here at the Distillery is a modern one.  What I mean by that, is we look for the PEO that fits the puzzle piece that's missing from your organization.  We go beyond the core 4 to the secondary services to find the best fit.  If you have a phenomenal broker for Medical, but need the rest of what PEO offers... we know the PEO for you.  If you love your Worker's Comp broker but everything else must go, there are specific PEOs we would tap to plug the gaps.

 

If you don't want the PEO touching Benefits, or WC, or 401K, or Tax or IT or recruiting..... well... We can shop payroll solutions!

 

We've heard it all here at the Distillery because PEOs have started doing it all when it comes to their service offering.

 

The trick is finding the right fit.