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Compliance Management
PEOs can help businesses maintain compliance with employment laws and regulations, potentially resulting in savings ranging from 5% to 20%.
By avoiding penalties, fines, and legal issues associated with non-compliance, businesses can reduce the financial impact of violations.
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Payroll Processing
By outsourcing payroll processing to a PEO, businesses may achieve cost savings ranging from 20% to 50% compared to maintaining an
in-house payroll department.
These savings can be attributed to reduced software and technology expenses, staff training, and administrative overhead.
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Recruitment and Hiring
Leveraging PEO services for recruitment and hiring processes may result in cost savings ranging from 5% to 15%.
These savings can be attributed to streamlined applicant tracking systems, reduced advertising costs, and improved hiring efficiency.
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Training and Development
Investing in employee training and development programs facilitated by PEOs can result in cost savings ranging from 10% to 20%. By enhancing employee skills and knowledge, businesses can reduce turnover costs, increase productivity, and avoid potential expenses associated with replacing e mployees.