PEO Solutions for Businesses in Oklahoma

Oklahoma experienced job growth with a net gain of little more than 44,500 jobs, according to the Small Business Administration’s Office of Advocacy. Small businesses contributed nearly 69% of that total, which makes sense because 99.4% of all businesses in the Sooner State are categorized by the SBA as small businesses.¹

That’s not to say larger businesses aren’t making a mark. American Airlines, North America added hundreds of jobs in 2024 to its Tulsa facility after receiving a multi-million-dollar grant from the state, while George Fisher Central Plastics expanded to a second facility in Shawnee in 2024, adding hundreds of jobs, according to the Oklahoma Department of Commerce. Add in an indoor drone testing facility and a lithium-ion battery upcycling operation and it’s easy to see why industry sectors such as aerospace, energy, manufacturing, and trade, transportation, and utilities are key economic drivers in Oklahoma’s economy.

With an influx of new jobs comes additional time commitments for administrative tasks such as onboarding and training new employees. Staying on top of these HR duties can take time away from running a business. A Paychex survey found that 64% of businesses are spending more than 10 hours per week on HR administration. And the cost? Businesses with less than 100 employees said they spend, on average, almost $172,000 per year handling their HR duties, which skyrockets to an average of $414,000 for companies with 100 to 499 employees.²

Let’s look at how a Professional Employer Organization (PEO) can help your business.

Why Work With a PEO in Oklahoma?

A PEO can support processing payroll, helping maintain compliance, improving workplace safety, administering benefits, and other HR tasks, while the client employer continues to be responsible for managing the business and the employees. A PEO also can add value by helping your existing HR team or offering support in the absence of an HR staff.

Plus, as employers in Oklahoma handle the challenges that come with running the day-to-day business operations, including economic uncertainty, workforce productivity, finding and keeping talent, and more, they should know that the average cost for replacing an employee is $9,379 for the smallest businesses and as high as $12,408 for those with 100 to 499 employees.² However, businesses working with a PEO experience 12% less turnover³ and have shown a reduction in HR administrative costs that can range from savings of $46,400 for smaller businesses to nearly $112,000 for larger companies.⁴

How Can Paychex Help Your Business Gain Efficiencies and Insights?

Paychex has an all-in-one HR technology platform that enables Paychex PEO* to provide HR administration support that can help streamline operations and improve productivity.

• HR administration: Get needed HR support on hiring, employee handbooks, training, onboarding, performance management, and much more.
• Payroll administration: With an automated processing that includes calculation and remittance of payroll taxes, you gain peace of mind about your compliance obligations while saving time and potentially money.
• Employee benefits: Our PEO vets benefit packages with carriers to help save you time, plus you’ll have access to Fortune 500-level offerings such as retirement and health insurance.
• Risk management: Workers’ compensation insurance is mandatory for all employers in Oklahoma so take advantage of the collective buying power of Paychex PEO to help purchase more affordable insurance. You’ll also have a dedicated safety specialist to provide training that can help reduce risk for your employees.
• Compliance: With OSHA safety regulations and other regulatory issues, you’ll be kept up to date on changes that could impact your business. A dedicated HR Professional proactively identifies potential risks and can offer actionable HR advice.
• HR technology: With access to a self-service platform for employers and employees, you can simplify tasks, help improve communication, and allow employees to update information regarding payroll, benefits, and more.