HR & Payroll for smaller companies

by a searcher

1 year ago

I am acquiring a 40 employee HVAC company with $1.2M in EBITDA and have been looking at Professional Employer Organizations (PEOs) to handle the HR, benefits and payroll. I have found some of these companies to be quite expensive ($100 admin fees per month per employee) as well as set up costs. 

I am wondering whether there are PEOs that are tailored for smaller organizations and that are easier on the wallet?
How are people handling the payroll and HR post close? I was thinking about using paychex and leaving HR internal.

Interested in feedback and any recommendations. Thank you.

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8 comments

searcher from The University of Michigan - Stephen M. Ross School of Business

We do fine with payroll software. We also use an HR consultant when we need to ask HR specific questions (e.g. firing an employee).

2 months ago | like reply | 0 likes

professional from University of California, Berkeley

Have you checked out Gusto -- https://gusto.com/? It's pretty popular in the start-up ecosystem and should be perfect for SMB(s)

3 months ago | like reply | 0 likes

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