Remove 2008 Remove Payroll Remove Professional Employment Organization
article thumbnail

HR Outsourcing Trends and Statistics SMBs Should Know

Extensis

Before diving into the latest HR outsourcing trends, it’s important to understand the various types of HR outsourcing companies, which include the following: Benefits consultants : Firms or individual professionals who assist companies with selecting, purchasing, and administering benefits plans. And the PEO industry is booming.

article thumbnail

The PEO Industry in 2020 & Beyond: What The Next Decade Holds

Genesis HR Solutions

Like almost every other industry, professional employer organizations (PEOs) have been forced by the global pandemic to ask themselves this question. Get an in-depth look at professional employer organizations and why you should consider partnering with one. “What is our industry’s new normal?” million to 3.7

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Do You Need a Human Resource Outsourcer or a Professional Employer Organization?

Insperity

Amid the many acronyms business owners encounter – FMLA, FICA, HIPAA and COBRA to name a few – two are designed to ease the burden of HR responsibilities for employers. A human resource outsourcing company also handles HR-related issues for a client but does not share employment-related liabilities with the employer.

article thumbnail

How the New Standard Mileage Rate Will Affect SMBs

Extensis

Since 2008, there have only been three shifts mid-year, all following a spike in gas prices, with the most recent occurring in 2011. No matter how you deduct your business-related vehicular expenses, a professional employer organization (PEO) can help. Changing the standard mileage rate mid-year is quite rare.

article thumbnail

Guardian’s 11th Annual Workplace Benefits Study: An Overview of PEO Trends

Extensis

Quick look: Partnering with a professional employer organization (PEO) has been an increasingly popular business strategy over the past decade. Reports show the number of employers using PEOs has grown nearly 40% since 2008, and Guardian’s 11 th Annual Workplace Benefits Study shares insights into why.

Study 97
article thumbnail

How PEOs Improve Mental Health Offerings for Finance Professionals

Extensis

The growing recognition of workplace stressors’ effect on finance professionals is inspiring employers to invest in bettering their team’s mental wellness. Consequently, more financial institutions are partnering with professional employer organizations (PEOs) to achieve this goal.

article thumbnail

Which Type of HR Outsourcing Company is Right for You?

Insperity

PEO (professional employer organization) and HRO (human resource outsourcer) companies remove the need for internal human resources, allowing managers more time to conduct business. An HRO provider also handles employment-related issues for a client but does not share accountability with the employer.