As a business owner, managing your payroll and human resources can be daunting, in the case of an Employer of Record in Canada. It can be time-consuming and complicated, and there are a lot of regulations that you need to comply with. In such cases, it can be beneficial to consider hiring a Professional Employer Organization (PEO) or an Employer of Record (EOR).
In this article, we will look at the six best PEO services for 2023, including their features, pricing, and benefits.
What is a PEO Services in Canada?
A PEO is a company that offers HR outsourcing services to businesses. A PEO typically manages many different aspects of HR for your company, including payroll, benefits administration, human resources, and risk management. Essentially, they act as co-employer, providing a level of support and expertise that can help your business thrive.
How to Differentiate PEO Services?
An Employer of Record (EOR) is a company that provides employer-related services to a business. This typically includes things like payroll administration, benefits management, tax compliance, and more. Essentially, an EOR acts as a third-party employer for your business, allowing you to focus on the day-to-day operations of your business.
Best PEO Services in Canada
Here you can see the top list of best payroll services canada.
1. ADP Canada
ADP Canada is a leading provider of payroll and HR services in Canada. They offer various services, including payroll administration, HR management, and benefits administration. ADP Canada also offers a mobile app for employees to access their pay statements, request time off, and manage their personal information. Their pricing is competitive, with packages starting at $110 per month.
TriNet is a PEO that offers comprehensive HR solutions for small and medium-sized businesses. They provide services such as payroll administration, benefits management, and compliance assistance. TriNet also offers access to HR experts who can provide guidance on complex HR issues. Their pricing is on the higher side, starting at $150 per employee per month, but they provide top-tier services.
Justworks is a modern PEO that offers a user-friendly platform for businesses to manage payroll, benefits, and compliance. Justworks also offers access to health insurance plans and 401(k) retirement plans, making it an all-in-one solution for small businesses. Their pricing is competitive, starting at $99 per employee per month.
Payworks is a Canadian-based PEO that provides payroll and HR solutions for small and medium-sized businesses. Payworks’ services include payroll processing, tax filing, and HR management. They also provide a cloud-based platform for their clients to manage their payroll and HR needs. Payworks’ pricing is competitive, starting at $20 per employee per month, making them an excellent option for small businesses.
Insperity is a PEO that provides a range of HR and payroll services, including payroll administration, benefits management, and compliance assistance. They offer access to HR experts who can provide guidance on complex HR issues. Insperity’s pricing is on the higher side, starting at $150 per employee per month, but their premium services are worth the investment for the medium to large-sized businesses.
In conclusion, as a business owner in Canada, managing your payroll and HR can be complex and time-consuming. Hiring a PEO or EOR can be a game-changer, allowing you to focus on your day-to-day operations while experts manage your HR needs. Payworks, Insperity, and ADP Canada are three of the best PEO services available in Canada in 2023, offering a range of services at competitive prices. By leveraging the expertise of a PEO or EOR, you can ensure that your payroll, compliance, and HR needs are being met while you focus on growing your business.