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Companies are like evolving organisms. And like all living entities, expansions and changes come with growing pains. When HR-related tasks become too difficult, what’s the best way to advance? What is a PEO and is it a good option for your company? HR teams often simultaneously juggle organizational tasks with team building and employee support. This leaves many business owners looking for a way to alleviate the workload of their HR staff. The Professional Employer Organization (PEO) industry claims that its services are perfect for rapidly growing companies. But, what are some of the potential pitfalls to these services? Do the risks outweigh the benefits? This article will help those wishing to learn about PEOs and determine the best solution for their growing team. What is a PEO? How Much Does a PEO Cost? PEO Benefits: Do they Outweigh the Risks? Disadvantages of Using a PEO Is a PEO Right for My Company? PEO Alternatives: HR Software What is a PEO? A PEO or Professional Employer Organization is a third-party HR service provider. In a nutshell, a PEO outsources the responsibilities that are normally handled by an HR department to unseen external entities. In other words, Professional Employer Organizations take
