We get asked, a lot, what is a PEO and what exactly do you do?
A PEO is a Professional Employer Organization. As a PEO, we help small and mid-sized businesses by taking care of a lot of their needs. This includes:
Overall, we exist so business owners like you can run and enjoy their business, while we take care of all the other details. After all, as a business owner, you started your company because you had a passion for something and providing a service. But you probably did not expect to also have to run payroll, benefits, hiring, managing taxes and compliance and more. These things can get you into the weeds and take away the joy and enthusiasm you have for your company and employees.
Why a Hire a PEO
Hiring a PEO is really a no-brainer for most businesses. Here are some advantages when it comes to hiring a PEO – beyond taking a lot of work off your plate:
Annual median revenue growth for PEO clients is twice that of comparable non-PEO clients
Expected annual median revenue growth for PEO clients is 40 percent greater than that of comparable non-PEO firms
PEO client firms are 16 percent more likely to report an increase in profitability
Overall, a business that uses a PEO also tends to be more profitable and experiences faster revenue growth.
PEO Benefits to Employees
The benefits of using a PEO goes beyond just your business financial books and the old corner office. Instead, a PEO also greatly helps your most valuable assets – your employees. According to a recent survey from NAPEO:
Compared to employees working in businesses that are not PEO clients, employees working in businesses that are PEO clients are significantly more likely to report that their employer:
Demonstrates a commitment to them as employees
Has good hiring practices
Has good HR policies and practices
Does a good job of designing employees’ jobs
Provides employees with good training and development opportunities
Employees of PEO clients also report significantly higher scores on key measures related to employee satisfaction and confidence in company management:
Levels of employee engagement
Intention to stay with their current employer until retirement
Belief that the employer is taking the right steps to be competitive
Trust that employer is supporting employees in delivering excellent customer service
Confidence in the employer’s approach to growing the company
Again, want more engaged and satisfied team members? Then you should consider a PEO.
Looking for a PEO?
If you are exploring hiring a PEO or just have questions, give us a call at 303-221-0558 or contact us. We are more than happy to help you get back to running your business instead of it running you.
Roger Hays currently serves as President and CEO of PassioHR, Inc., based in Englewood Colorado. PassioHR was founded in 2021 by Roger after having spent over twenty years working in various positions in the Professional Employer Organization (PEO) market.
His areas of expertise are Human Resources management; Benefits Administration; Government Affairs; and Business Management.
Mr. Hays currently serves as the Chair the Leadership Council for NAPEO in Colorado and serves on their PAC committee, Federal Government Affairs and State Government Affairs Committees as well. In addition to NAPEO Roger is a past Leadership Council Chairman for the National Federation of Independent Business (NFIB) in Colorado and serves on their PAC committee as well (NFIB is the voice of small business, advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals). He is a past Board President for the Colorado Civil Justice League (Colorado Civil Justice League is the only organization in Colorado focused exclusively on limiting unreasonable lawsuits and preserving common sense in the courtroom). Roger has been appointed by the Governor of Colorado, three times, to serve as a Board member on the Colorado Uninsured Employers Board. (The CUE board was established by the CO legislature to provide financial assistance to individuals injured while working for employers who did not carry workers’ compensation insurance in violation of Colorado Statute.)
Roger spends many hours each Legislative session working with state Legislators in Colorado on behalf of the PEO industry as well as small business in general testifying in front of committees or just interacting with individual legislators on issues important to those groups. He also works with the Colorado Department of Labor and Employment, serving on a number of taskforces to help guide the department in dealing with Unemployment and Labor issues.
Mr. Hays Graduated from North Dakota State University with a BS Degree in Political Science and is an avid Bison supporter.