Got It Covered
If you can't afford to offer employee benefits on your own, why not join forces with a PEO?
In the late 1990s, Seth Miller was looking for a way to providebetter benefits at Miller Systems Inc., the small Boston IT consultingcompany he founded in 1995. "We just couldn't get dentalinsurance being the size we were," says Miller, 32. "Butto compete for the best people, we needed to have big-companybenefits."
In 2000, Miller joined a professional employer organization, orPEO. A PEO takes over management of a small company's HR tasksand becomes a co-employer to the company's employees. Thetypical PEO client is a small business with 16 on-site employees,according to the National Association of Professional EmployerOrganizations (NAPEO), the national trade association thatrepresents the $43 billion PEO industry.
4th of July Subscription Sale - Unlock this subscriber exclusive article and more for 20% off today.
Access all Entrepreneur content with no ads, unlock discounts, and get exclusive advice only available to our subscribers. Plus, our magazine delivered straight to your door.
Get 20% off an annual subscription today. Just use code SAVE20 at checkout.
Entrepreneur Editors' Picks
Tory Burch Built a Brand Around Empowering Women. Now Her Foundation Is Furthering Her Mission: 'How Do We as a Company Have a Positive Impact on Humanity?'
This Founder Had to Play College Basketball in Men's Shorts and Shoes, So She Launched an Athletic Clothing Company Named After the Now 50-Year-Old Title IX Act
Is Beyoncé's 'Break My Soul' the Theme Song of the Great Resignation?
You're Probably Falling for All of Amazon Prime Day's Psychological Sales Tactics. A Marketing Professor Reveals Them — and How You Can Actually Get the Best Deal.
Comedian Paul Virzi: 'If You're Not Authentic, You Have Nothing'
Struggling to Come Up With Creative Ideas? Try Doing This.
Picking a Winning Emerging Brand Is How You Get Rich in Franchising. Here's How to Spot One.