One of the great ways NAPEO has invested this year has been by producing a series of white papers on the PEO industry.
What they discovered is that using a PEO service saves companies on average 59% on their internal HR budgets.
That’s not all.
Using an Employer of Record or Global PEO reduces employee turnover by 19.6% a year.
You will also grow your business quicker. 5% quicker to be exact.
We also help you stay in business. Companies using a PEO service are 50% less likely to fail.
How is this possible?
It’s down to three things:
Global PEO’s tackle complicated tasks like global payroll, multi territory compliance, global employment and other HR finance functions.
This means you can focus on your core business whilst benefiting from global experts.
Global PEO’s manage 100’s of people across the globe, using one allows you to leverage their economies of scale.
Let’s not pretend that global employment is simple, its not. Working with a business that are experts in the field does make complexity feel simple to our clients though:
“Although we have only worked with PEO Worldwide for a few short months, we have received exceptional PEO service and ongoing customer support. With our headquarters based in the United States, we were initially in search of a PEO that could provide us consultation and support regarding foreign payroll, compliance and employment legislation. PEO Worldwide has fulfilled these needs and they have created a process for us that has been highly efficient and straight-forward from the beginning. Most importantly, PEO Worldwide was able to begin providing services within the short deadline we were looking for. PEO Worldwide has not only saved us an excess amount of time and money, but they have also provided continual support and insight. Overall, PEO has been very responsive, resourceful and flexible to any issues/concerns that have arisen during our time working together."
Director, Business Operations, Texas, USA PEO Worldwide Client
“PEO Worldwide has a detailed and methodical onboarding process that made it easy for us to get set up and running with our UK employee. They were able to take the worry out of trying to comply with all local laws and regulations. Because they have this knowledge we do not have to research on our own and hope we are in compliance. This has saved us hours of time and gives both the company and employee a sense of security.”
Supervisor of an employee, based in Fort Worth, Texas, USA PEO Worldwide Client
What I am happy to see is that the results of what our clients have been saying, and we have always felt, are borne out by the data:
‘Saved us an excess amount of time and money’‘59% of your budget!
‘Gives both the company and employee a sense of security.’We reduce employee turnover by 19.6%.
And so, if you want to focus on your core business. If you want to grow quicker than the competition. If you want to retain your team and stay in business longer whilst being more successful at it, get in touch.
If not, well, there is always ADP...
Paul Sleath CEO of PEO Worldwide
*Source: The ROI of using a PEO. NAPEO whitepaper September 2019. Link: latest white paper