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Paycheck Protection Program: How to Ensure Your Business is Eligible for Loan Forgiveness

Netchex HR Blog

Part of the CARES Act passed in March (and then replenished a month later ), the Paycheck Protection Program (PPP) is a loan program for small businesses designed to provide a direct incentive for keeping their workers on the payroll. How are “payroll costs” defined under the PPP? Does not include 1099 payments.

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5 HR Benefits PEOs Offer Non-Profit Organizations

Extensis

A PEO is an HR outsourcing firm that helps small- and medium-sized businesses (SMBs) manage crucial employee tasks like benefit administration, recruiting, payroll, and risk management. Here’s a look at five such HR benefits provided to non-profit partners.

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Rising healthcare premiums are eating away at employees’ paychecks

HR Brew

From 1988 to 2019, US families receiving employer-sponsored insurance lost $125,340 on average as a result of increasingly expensive healthcare premiums, the analysis published in the Journal of the American Medical Association (JAMA) Network found. “A Under this model , employees may set different healthcare premiums based on salary bands.

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SHRM 2024 Employee Benefits Survey Overview: A Look at What’s on the Horizon

Extensis

Though the popularity of some benefits may not come as a surprise, there are a few important changes to note which brokers can help their clients get ready for. Every year, SHRM takes an in-depth look at various benefit categories and trends for brokers, HR professionals, and business leaders to have on their radar.

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6 common PEO myths debunked

Insperity

And it’s natural to have a few concerns at first, especially if co-employment is a new concept to you. But let’s take a close look at six myths about PEOs. payment of wages and payroll processing). Its role is similar to a director of human resources (HR), a trusted confidant at the leadership table, operating at your direction.

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8 Challenges Small Business HR Professionals Face in 2020

Zenefits

For HR professionals, sick time — once a payroll check-the-box issue — has come to the forefront. For companies that hadn’t offered healthcare benefits in the past, the pandemic may have shifted priorities to provide coverage for staffers. The COVID-19 ripple effect . COVID-19 has impacted almost all businesses. Staffing levels.

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Wondering how to choose a professional employer organization (PEO)? Ask 7 questions

Insperity

As a co-employer, the PEO you choose will ultimately take responsibility for payroll processing, providing workers’ compensation insurance coverage, providing an employee benefits package and a host of other sensitive human resources (HR) and administrative tasks. How are healthcare benefits funded? The greatest value.