Your Step-by-Step Guide to Leaving a PEO
Many smaller companies work with Professional Employer Organizations (PEOs) for HR, payroll and benefits services. This arrangement is known as co-employment, in which the PEO becomes the employer of record for tax purposes and the company’s employees technically work for the PEO. While it may appeal to some businesses at first (sharing the responsibility) once your clients dig a little deeper they may dislike the lack of options when it comes to HR and payroll.
Other issues your clients may run into with PEO services include:
- Hidden fees
- Subpar HR services
- Fluctuating benefits costs
- Lack of compliance guarantees
- No control over your own HR and benefits info
We know the thought of switching from a PEO to a payroll provider can be intimidating, but Paycor has the expertise and technology to ensure a smooth transition. Download and share this checklist with your clients as a resource to help them make an informed decision.