In today’s highly competitive marketplace, small and medium sized businesses need to have an external marketing strategy for financial growth and an internal plan to ensure that business operations are running efficiently. Some businesses, however, are overwhelmed with keeping up with internal operations such as Human Resources, risk management, payroll and health benefits. Outsourcing essential operations to a Professional Employer Organization can be the key to reaping tremendous benefits for businesses who struggle to keep pace. Most importantly, besides acting in a consulting role, a Professional Employer Organization can help alleviate operational concerns and take a small or medium sized business to the next level of exposure and growth.

This article will highlight the growing industry of Professional Employer Organizations, commonly referred to as a PEO, and the influential role they play in helping businesses stay afloat as they adjust to the changing demands of organizing and implementing internal business operations.

Understanding What Professional Employer Organizations Do

A simple search on Wikipedia states that “A professional employer organization is an outsourcing firm which provides services to small and medium sized businesses (SMBs).” As an industry that emerged in the early 1980s, Professional Employer Organizations have been an instrumental force in offering SMBs viable options for outsourcing critical business operations, thereby providing a way for businesses to make inroads towards improving profitability and productivity. According to the National Association of Professional Employer Organizations (NAPEO), “PEOs provide services to 175,000 small and mid-sized businesses, employing 3.7 million people.” The obvious impact that a PEO provides can certainly lead to positive changes for businesses who want to be efficient in how their internal operations are managed.

Clearly, for businesses who want to keep pace in areas that include state and federal compliance issues, HR needs, health benefits and payroll, or risk management, it could be advantageous for a small or medium sized business to partner with an industry experienced PEO who can act as a consultant while managing internal operations.

Benefits of Using a Professional Employer Organization

Small and medium sized businesses who partner with a Professional Employer Organization are in a unique position to receive tremendous returns on their investment, given that the PEO acts like a consultant who helps navigate the many paths of maintaining a highly efficient business. In fact, according to Empower Consulting Partners, the benefits of using a Professional Employer Organization include the following:

• Attract and retain top talent
• Keep you records in order
• Evolve your plans along the way
• Have someone else handle the questions
• Save yourself from potential mistakes

While there may be many benefits to partnering with a Professional Employer Organization, knowing the right one to invest time and money in can be a challenge for any business. It is at this critical juncture that a business may need to consider hiring a PEO broker who can help bridge the right PEO with a company’s operational goals.

Empower Consulting Partners

At Empower Consulting Partners, we are an experienced PEO broker specializing in matching the right Professional Employer Organization to businesses in fields such as property management, construction, financial services, healthcare, technology, hospitality, manufacturing and franchises. For example, if a company is looking for Professional Employer Organization outsourcing options specifically for Human Resources or payroll, a PEO broker can identify a Professional Employer Organization that will fit their unique needs. Empower Consulting Partners has the infrastructure to help small and medium sized businesses fill their needs, as we are committed to building long lasting partnerships by delivering service, communication, results and innovation in the process.

PEO Brokers are On Your Side

The competitive landscape of SMBs makes it imperative to take all necessary precautions to avoid going into a state of chaos when internal operations fail to meet expectations. Whether there's a need to improve internal functions of HR or health benefits, a PEO broker has the unique position of bridging the gaps and deciphering which Professional Employer Organization can provide the exact needs a business requires to operate with maximum peak efficiency.