Amplify PEO vs Oasis

Amplify HR is a PEO that provides human resources and payroll services to small and medium-sized businesses (SMBs). The company was founded in 2018 and is headquartered in Lincolnshire, Illinois. They help each of their client's businesses and employees grow by handling the administrative aspects of HR, payroll administration, risk management, employee benefits administration, workers' compensation, and compliance. They use a cloud-based technology portal to deliver their services, like payroll information, benefit deductions, and time clock information. They claim that their clients experience 32% faster growth and 21% cost savings and that it saves companies an average $1,185 per employee per year. They do not share specific solution plans or pricing on their website, so prospective clients have to submit a form to be contacted.

Paychex acquired Oasis Outsourcing in 2018 for $1.2 billion in cash. Oasis Outsourcing was an ESAC-accredited human resources services company based in Florida that offered services in human resources, employee benefits, and payroll processing. The acquisition was about building revenue, and Paychex aimed to grow its human resource outsourcing capability and extend its technology to a new client base as part of the acquisition. While Oasis initially operated as its own entity, it is now fully part of the Paychex brand as one of the available solutions in "Paychex HR."