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How much time are you spending on HR administrative tasks?
The answer is likely much more than you prefer.
Some startups can get away with managing HR initiatives on their own in the beginning, but this quickly becomes unrealistic and cumbersome if or when you scale your business.
What if I told you that you could completely eliminate HR tasks from your plate without hiring a full-time human resources team?
A professional employer organization (PEO) service provider can handle everything from payroll to benefits administration, workers’ comp, safety, risk mitigation, and so much more.
Continue below to find the best PEO services for your company, so you can go back to running your business without HR burdens falling on your shoulders.
#1 – Resourcing Edge Review — The Best For Department-Specific Expertise
Resourcing Edge has been an industry leader in the PEO service space for over 15 years. They work with businesses in 44 different states and provide services to over 20,000 client employees.
I like Resourcing Edge because the services are 100% customizable based on the unique needs of your business. You can pick and choose which areas you want Resourcing Edge to handle and always adjust your solution as needed.
But Resourcing Edge really shines above the crowd with its professional expertise in different areas. They offer specialists in HR, risk management, benefits, and every other area for your human capital needs.
These experts take the time to understand your company goals and align your services around that direction.
You’ll also love having a dedicated account manager as your single point of contact.
So while you have access to experts in every department, all of your communication can begin with someone who takes the time to learn more about you and your business.
This makes it much easier for you to succeed and have a seamless experience as you’re getting help from multiple outsourced departments.
For businesses that want to fully outsource multiple responsibilities to a single provider, you can’t go wrong with Resourcing Edge.
#2 – Amplify PEO Review — The Best Full-Service HR Technology
On average, Amplify PEO saves its clients $1,185 per employee annually.
They achieve this by doing more than just providing you with human capital resources. Amplify PEO has superior technology that supports all of your HR needs from a single source of truth.
Both you and your staff will have access to payroll, benefits, onboarding, time cards, compliance resources, and more—24/7/365.
As a cloud-based platform, Amplify PEO’s platform can be accessed from any computer or mobile device.
So when one of your employees wants to update their address or switch their direct deposit to another account on a Saturday afternoon, they can do this on their own without having to make a call, walk into an office, or wait until Monday morning.
This self-service technology eliminates administrative burdens and bottlenecks, as the vast majority of tasks or issues can be resolved without any human interaction.
Amplify PEO is also an excellent option for businesses with remote employees who aren’t having daily interactions with managers and coworkers. They can quickly access benefit solutions, retirement plans, and other useful resources from anywhere. The platform even supports things like PTO tracking.
If self-service technology is your top priority, look no further than Amplify PEO.
#3 – Papaya Global Review — The Best For Organizations With International Employees and Contractors
Papaya Global is best-suited for scaling businesses. You’ll have the power to hire and retain top-level talent from anywhere, knowing that all of the location-specific compliance requirements are handled on your behalf.
Let’s say you want to hire a full-time employee in California, a freelancer in Texas, and a part-time employee in Italy. Each of these scenarios has different paperwork, taxation, and other compliance requirements.
But Papaya Global handles all of these requirements on your behalf, so you only have to worry about finding the right people—they’ll take care of the rest.
Beyond the onboarding process, Papaya Global also supports cross-border payments.
So you can run simple pay runs to all of your full-time, part-time, and contract workers across the globe through a single platform. The days of using multiple tools to issue payments are over.
Your team will love Papaya Global, too, as it gives them the option to get paid in their preferred local currency. So they won’t have to worry about figuring out conversions on their own or making trips to the bank.
Papaya Global’s technology makes it easy for you to manage your entire organization from a single source of truth.
They can even handle benefits administration in multiple countries, so you can offer excellent packages to your international workers without having to source local accounts on your own.
There are no employee minimums for this service either. So, your sole developer in Poland and a single marketing professional in Australia can each have access to local benefits.
#4 – Infiniti HR Review — The Best For Strategic Consulting and Risk Management
Infiniti HR offers all of the great services you’d expect from a PEO provider. You can use them for payroll, benefits administration, insurance, recruitment, and other valuable HR services.
But where Infiniti HR shines above the crowd is with its consultancy and risk management solutions.
These services are ideal for rapidly-growing companies that want to save money without cutting corners or exposing themselves to new risks.
Infiniti HR works with businesses in all 50 states—specializing in helping employers avoid and mitigate compliance issues related to employment and labor.
How does this work?
Infiniti HR takes a hands-on approach—working closely with you to develop and implement a safe and healthy work environment for your staff. They also ensure that the practices are sustainable as your company grows.
You can rely on Infiniti HR for help obtaining certificates of insurance, waivers of subrogation, safety compliance training, OSHA compliance, on-site training, and more.
For workplace incidents and injuries, Infiniti HR can seamlessly handle the workers’ compensation claims process on your behalf as well.
Overall, Infiniti HR is an excellent PEO provider for helping you achieve a wide range of strategic goals related to HR, recruiting, and scaling your business.
#5 – VentureHR Review — The Best For Startups With Fewer HR Needs
While many PEO service providers are best-suited for established small businesses, VentureHR is unique because it supports startups from day one.
So even if you’re still in the early stages of a business, you can get the HR assistance you need today—even before you start hiring at scale.
For startups on a tight budget, you can even use VentureHR’s startup kit without having to pay ongoing subscription fees. This setup includes all of your must-haves, like:
- Offer letter templates
- New hire forms
- Termination forms
- Employee handbooks and policies
- Injury and illness prevention
The entry-level package comes with two hours of HR consulting and strategy. They even offer a solution for payroll and time-tracking that’s built specifically for startups.
VentureHR also offers one of the most unique services you’ll see from a PEO provider—HR on call.
This is perfect for startups that need help with human resources but don’t necessarily have the funds or enough employees to justify completely outsourcing all departments. The HR on-call service is a month-to-month subscription that gives you access to a dedicated HR advisor.
The plans range from five to 25 hours per month, so you can start small and ramp up as you need before taking the plunge to full outsourcing.
Once you’re ready to start hiring at scale, VentureHR has an affordable recruiting solution for you as well. It’s a flat-fee service, so you can maintain total control of your hiring costs.
What I Looked At To Find the Best PEO Services
There were specific factors that I took into consideration as I was narrowing down the top picks in this guide. With so many PEO services on the market today, you can use these same considerations as you’re shopping around and comparing different options for your business.
Some of these elements will be more important for some of you than others, and I’ll explain the significance of each one below.
Self-Service Technology
When most people think of PEO services, they immediately associate it without outsourcing job responsibilities. While this is obviously a huge component of the service, the best PEO providers offer much more than human expertise.
You must closely evaluate the technology your provider offers as well, especially when it comes to self-service initiatives.
These types of tools make it easy for your staff to manage direct deposits, view their benefits packages, make changes to their account, view an old paystub, and so much more.
With self-service technology, you and your staff have 24/7 access to crucial HR information. Beyond an online portal, you should also look for providers that offer mobile apps for both iOS and Android, so your staff can truly access and manage their information from anywhere.
Account Management Support
Sometimes a web portal or mobile app won’t be enough to get an answer or resolve a problem. In these scenarios, which are often important and time-sensitive, you want the ability to pick up the phone and get a response from a real person on the other line.
The best PEO services provide this type of support beyond standard business hours.
They also extend this support to your employees, so you won’t have to middle-man the conversations. Your staff will have direct access to support as if they were calling an internal HR department.
I like the PEO solutions that come with a dedicated account manager. So all of your interactions will start with a single point of contact. This person will get to know you and your business over time, meaning you won’t have to constantly introduce yourself and explain your situation on every new call.
Payroll and Benefits Administration
For most businesses, payroll and employee benefits administration is the bulk of their HR responsibilities.
Every business needs to run accurate payrolls, and the vast majority of businesses want to offer some type of benefits package to their employees. Outsourcing these tasks will immediately give you time back if you’re currently handling this in-house.
While every PEO service offers payroll and benefits administration, this offering will be more important to some of you compared to others.
For example, maybe you’re happy with your current payroll provider and don’t want to switch—at least not right now. Some of you might be looking at payroll and benefits administration as the primary reason for PEO services.
Some PEO providers have superior payroll technology than the rest. Others have more options for employee benefits and insurance. So it all depends on what’s most important to you.
HR Compliance
Staying compliant can be tricky for businesses in certain industries. Beyond the basics, you need to consider industry-specific rules and regulations that fall within the scope of HR.
So it’s important to find a PEO provider that has experience in those areas to ensure you remain compliant.
This consideration is even more important for businesses that currently have employees in multiple states and countries or plan on expanding to new regions in the future.
Rules change when you cross borders, and generic HR tools won’t always be enough to help you out here. You’ll need to lean heavily on your PEO service provider to ensure compliance rules are followed for each employee, regardless of their location and unique location requirements.
Consultancy Services
HR consultancy and strategic planning are more important for mid-size organizations that are rapidly expanding.
These services typically come with risk assessments for how you hire, retain, and manage your staff. They’ll focus on the specific employee-related risks that could be problematic or expensive for your business.
The consultancy aspect of PEO providers can also help mitigate costs as you scale.
Your provider will offer strategic guidance through unique initiatives, such as hiring a new department, outsourcing tasks to remote contractors, or expanding your operation to a new state. You’ll want to find a PEO service provider that has experience with these types of situations, as they’ll be able to recommend the path of least resistance.
Conclusion
If you don’t have the resources to hire an in-house HR department, PEO services are a cost-effective alternative. They’ll handle all of these responsibilities on your behalf, so you can spend more time on the other areas of your business.
All of my top picks that I reviewed in this guide will be good options for you to consider. But to truly find the best PEO provider for you, pay close attention to my recommended use cases and the criteria I used to narrow down the list.
- Resourcing Edge – Best for Department-Specific Expertise
- Amplify PEO – Best Full-Service HR Technology
- Papaya Global – Best for Organizations With International Employees and Contractors
- Infiniti HR – Best for Strategic Consulting and Risk Management
- VentureHR – Best for Startups With Fewer HR Needs
Frequently Asked Questions
What motivates entrepreneurs?
We are motivated by passion. However, we are driven by passion and a strong desire to create meaningful things that make a real difference. To make a difference for our loved ones as well as ourselves.
To give back. To give back. To leave behind a legacy.
Most importantly, though, we do it because we enjoy doing it. Because we feel compelled by God to live our lives fully and succeed in things that matter.
We are driven by a sense and purpose that cannot be satisfied with money alone.
It is important to find a way that combines business and pleasure. Entrepreneurship is more than a job. It is a way of life.
This is why I am passionate about helping entrepreneurs become successful. My goal is for them to be financially free and have a lasting impact in the world.
My life is proof that creating value is the best thing. Sharing your knowledge and expertise with others.
It's not enough to build a great product or service. It is essential to understand your customers' motivations and what they want. What they're looking for.
You'll always be able to improve your offerings if you do. You will provide more value.
And if you provide more value, you will gain more customers. If you have more customers, you can sell more products. You will also generate more revenue if you sell more services and products. You will eventually be financially independent if you have more revenue.
You see, money does not always equal everything. It's the means to an end. It's not the goal in and of itself.
You cannot only focus on your money if you want to have a happy life. You must also focus on making a positive impact. Contributing. Leave a legacy. You can create something that is valuable. It's something that is unique. Something that adds meaning to your life and the lives of other people.
Entrepreneurship requires risk-taking. But it doesn't mean having any rules. It is about being flexible. Adapting. Adjusting. Improving.
You will succeed as long you are true and honest with yourself.
Entrepreneurship is a calling. A vocation. A chance to make a difference. To create wealth. To shape history.
All of these are key to being the best version possible of yourself.
You won't be stopped.
How can you motivate yourself to be an entrepreneur?
To motivate yourself, find someone who is also motivated to do what your goal is. Ask someone who is working hard to achieve his goals how he did it.
Ask for advice, listen to others, and then, most importantly, do it. Follow the example of someone who is successful.
You can do whatever it takes to be that person. Learn from them. Take notes. Follow their example.
Keep moving. Keep moving. Never stop learning. Never give up.
Never let anyone tell you that you aren't capable. Do not let anyone tell your that you aren't capable of following a specific path.
You might fail, but it doesn't necessarily mean that you have failed. Failure is an opportunity to grow stronger. To learn more. To push harder.
Failure is just another step along the road to success.
Get started today! Do something today that will get you closer to your goal.
What are you waiting to do?
What is your best motivation in life?
Do you want to know my top motivations? Let me tell you. My best motivation in life is to help people feel better about themselves. To help them see that they are extraordinary, because they are. That they are worthy to be loved, because they are.
They do deserve happiness.
I'm here to remind people that there is nothing more important than feeling great about yourself. Nothing. And I will do everything in my power to change the world.
Because when we feel good about ourselves, we become more open minded and compassionate towards those around us. We stop judging each other based on superficiality and instead start seeing the person inside, which is really cool.
It is the best way to motivate people to believe that they have everything they need.
While they might not realize it yet, this is why they have been struggling with something for so many years. They knew deep within that they were able to heal.
All they required was the right environment, the correct support system, and a positive mindset. But somehow they lost sight of that.
Why did they lose sight of it? They were too busy trying find the root cause of the problem. Trying desperately to fix it, without realizing that they actually had all the tools they needed to solve it.
They didn't realize they were the ones who had the answer.
I'm here to remind that you have the power and ability to create a whole new world. It is easy to tap into your inner genius.
And once you do that, everything will fall into place. You will be amazed at the ease it takes to fulfill your dreams.
You see, I believe each human being has their own unique superpower.
We only need to learn how it works.
What are the 3 motivators of an entrepreneur
Entrepreneurs have three primary motivations: freedom, money, knowledge.
- Freedom means having the ability to do whatever you want whenever you want. This is why we are entrepreneurs even if our current job or situation restricts us.
- Because we cannot start a business without money, it is equally important that we have enough money. Although we can survive without food and water, we cannot live without money.
- However, knowledge is the third motivation. Entrepreneurship demands that we constantly learn. This is why we read books, attend seminars, take online courses and learn how to create products.
This is what motivates us to achieve our goals. It gives purpose and meaning to our lives.
These three things are the reasons why we became entrepreneurs in the first place. These three things are what keep us going each day.
These three things might be the reason we pack up and leave. If we don't have these three things, we won't ever be truly happy.
Motivation is important for entrepreneurs.
Motivation is the fuel that drives us forward when we feel stuck or lost. It helps us face our fears and make difficult decisions.
Motivation is also an important factor in achieving success. When we lack motivation, we become lazy, unmotivated, unproductive, and ultimately unsuccessful.
The key to unlocking your potential is to find ways to motivate yourself. You need to find a way of staying motivated every day.
You can think about it like a muscle. The stronger it gets, the more you do it. If it's not exercised, it will begin to weaken.
Entrepreneurs who are self-motivated are some of the most successful. They set goals, plan their progress, and then follow through.
However, there will be times when motivation is needed. These are three simple steps that will help you stay motivated.
Step 1) Get inspired. Look for someone who inspires you. Someone who is already achieving what you'd like to accomplish.
Step 2. Set small goals. Be realistic about each goal. The next step is more important than the end result. Breaking down big goals into smaller steps will help you reach them quicker.
Step 3: Reward yourself. If you have achieved your goals, give yourself rewards. You don't need to get something in return; you could just be enjoying the time spent doing something.
Remember that motivation is a choice. Choose to be happy, to be successful, to live a fulfilled life.
Start today if you are ready to make a change in your life. First, decide to make a change. The next step is to take action. Get started now on your journey to living the life you desire.
What are the six most important questions entrepreneurs should ask?
Motivation is the foundation of any business. Without motivation, you won't make it out of bed each day. You won't be able to complete projects if you don't have motivation. Without motivation, it's impossible to reach your goals. So, how do we find our motivation?
You may ask yourself, "What motivates me?" It might surprise you to find out the answer. Perhaps you have been asking this question for years. This question is one of life's most rewarding rewards. It allows you to uncover your motivation.
Discovering why you are there is the best motivation. This is when you realize what drives your actions. You will find your purpose clearer and more meaningful. What makes you care? You'll be more motivated if you can figure this out.
The key to finding your motivation is to look within. These are the questions you should ask yourself:
- What are my passions and interests?
- What makes your heart beat faster?
- What is it that lights me up?
- What gives you butterflies in your stomach?
- What makes you feel alive to me?
- What is it that makes you want to return to your project over and over again?
Once you know the answers to your questions, you will be able identify your true motivations.
Your motivation will help you get through those tough times. It will give you strength when you need it. It will inspire you to work harder. It will push you to achieve success.
If you're anything like me, you will never stop searching for your motivation.
Consider what drives you today. You just might be surprised at what you find.
Statistics
- I shifted my motivational point from something huge (and undefined) to improve by just 1% each day. (carolroth.com)
- “If you look to lead, invest at least 40% of your time managing yourself – your ethics, character, principles, purpose, motivation, and conduct. (americanexpress.com)
- "Most of the time when people ask me about motivation, 80 percent of the time, I attribute it to gratitude. (entrepreneur.com)
- That means for $150,000, you could have bought 10 percent of Airbnb." (entrepreneur.com)
- "If you improve by just 1% every single day, in several months, you will have improved by 100%. (carolroth.com)
External Links
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How To
What are five motivating factors for entrepreneurs?
Entrepreneurs are motivated by the desire to become financially independent. This is because they want to have control over their destiny. They want to be able to provide for their family and themselves.
They are motivated by the desire and need to help others. Many people who become successful business owners don't do it just for personal gain but for altruistic reasons.
In addition to these factors, there are other motivations, such as
- Passion - Passion is the key to success. Why would anyone else do what they are doing if you don't love it?
- Vision - A vision is an image of where you wish to go. We can imagine ourselves there when we dream. Dreaming can make us feel fulfilled because we know that our dreams are possible.
- Courage: Don't fear failure. Take it on the chin. Failing is inevitable but it doesn't have the power to define you. Although success is not guaranteed, it is possible to achieve your goals if you keep moving forward.
- Belief: Believe in your abilities. Do not let doubt keep you from reaching your goals. Doubt is often a result of fear. Fear keeps us stuck in our comfort zone. You can get out of your comfort area and start moving towards your goals.
- Persistence is key - Never give up, even when the odds seem against you. Everyone makes mistakes. But if you persist, eventually, you'll achieve your goal.
