Paychex vs PEO360

Paychex is a leading supplier of comprehensive human capital management systems for payroll, employee benefits, human resources, retirement plans, and business insurance services in the US and Northern Europe. Paychex, Inc. (NASDAQ: PAYX) was founded in 1971 and has more than 730,000 client companies, mostly small to medium-sized businesses but also larger businesses. They are considered one of the top companies in their field, claiming to pay 1 in 12 employees in the private sector. They offer three package categories tailored to fit a business's size and needs, with flexible payment options. They also boast easy-to-use online services and expert consultants that ensure proper federal and state compliance and can get you valuable tax credits and phone and online support. Paychex services vary according to the organization's needs and size, with a base monthly cost of $39 plus $5 per employee.

PEO360 is a PEO broker that strives to simplify the selection of Professional Employer Organizations (PEOs) for businesses. They offer unbiased guidance, saving time and money for clients through personalized evaluations of top PEOs. While advantages include zero cost, time efficiency, and tailored solutions, potential drawbacks involve the lack of direct administration by PEO360 and the possibility of added costs from chosen PEOs. 360 is a valuable ally for businesses as they navigate the intricate landscape of HR solutions.