With hundreds of options out there, many business leaders quickly recognize the many challenges of locating the right professional employer organization (PEO) on their own. That's where PEO brokers can help.
If you're thinking about hiring a broker to identify the most compatible PEO solutions for your business, you probably have questions about how the process works and what to expect. Well, have no fear, we have answers. Here are the most common questions we hear from business owners about what it’s like to work with a PEO broker.
A broker serves as your advocate in finding the best PEO match for your specific business needs. Rather than spending weeks sorting through websites and complex data, trying to decode the wide array of options on your own, a broker leverages their industry expertise to identify the most suitable PEO matches for your company.
Think of a PEO broker as your personal shopping assistant for human resources outsourcing. They understand the many nuances of different PEO offerings and the strengths of each provider to quickly narrow down your options to the HR partners most likely to deliver what your business actually needs. On top of that, brokers maintain the knowledge and power to negotiate competitive rates on your behalf.
Most reputable PEO brokers are compensated directly by the PEO providers, not by you. This means you can access their expertise and services at no direct cost to your business. The PEO pays the broker a commission for successful placements, similar to how many insurance brokers are currently compensated.
A good PEO broker expands your options instead of limiting them. Experienced brokers maintain relationships with a wide range of PEO providers. This means they can present you with several viable options based on your specific business needs. In some cases, they can even recommend PEOs that specialize in serving your specific industry sector, providing even more customized benefits and services for your employees.
Working with an experienced PEO broker typically accelerates the search process. While finding and vetting PEO solutions on your own might take several weeks or even months, a broker can often present qualified options within a few days and help you make a final decision within 2-4 weeks. The precise timeline often depends on your specific needs, the complexity of your business, and how quickly you can review proposals and make decisions.
The BestFit team is made up of seasoned professionals with over 100 years’ worth of combined experience helping businesses find and implement the best PEO solutions for their unique needs. Allow us to do the heavy lifting. Contact BestFit PEO Solutions to quickly and easily find the perfect PEO match for your business.
The BestFit team is made up of seasoned professionals with over 100 years’ worth of combined experience helping businesses find and implement the best PEO solutions for their unique needs.