How does a PEO benefit employees
Employees want access to financial security, attractive benefits, the opportunity to save for the future and training and development.
In many cases, a PEO (Professional Employer Organization) relationship allows employees of small- and mid-sized businesses to have access to Fortune 500®-caliber benefits such as:
- Health insurance
- Life insurance
- Dental care
- Vision care
- Long- and short-term disability coverage
- Retirement savings plans
- Educational benefits
- Commuter benefits
- Exclusive group discounts on products and services, and much more.
Some PEOs offer talent management services that include employee training, risk and safety programs and career development plans. This is a benefit to employees and employers alike. Studies show that satisfied employees are usually more productive, contribute more to company growth, and enhance employee retention rates.1 2
1 Source: “PEOs: Good for Businesses and Their Employees,” NAPEO, 2017
2 Source: “Employee Job Satisfaction and Engagement: The Doors of Opportunity Are Open,” SHRM, 2017