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Here, explore what you need to know about hiring for seasonal positions, from compliance considerations to incentivizing staff to come back next season, and how a PEO can help you achieve year-round success. Recruiting is much less hectic when you know what to expect in the upcoming months versus when an immediate hiring need arises.
To do this, brokers are in a unique position to make an impact by connecting their clients with a professional employer organization (PEO) solution. The structure, support, and insight of a PEO help make this happen. Handles risk and compliance management Employment laws and workforce trends are constantly in flux.
Quick look: No business operates without risk, and managing workplace compliance, health, and safety can be overwhelming. Luckily, with a PEO partnership in their pocket, brokers can step in as trusted advisors and help their clients remain compliant. Are you sure you are meeting those local and state compliance requirements?
Like almost every other industry, professional employer organizations (PEOs) have been forced by the global pandemic to ask themselves this question. As we look toward 2021 and beyond, PEOs, including Genesis HR Solutions , are uniquely positioned to provide opportunities and positivity to our clients. PEO History & Highlights.
Co-employment is a contract and sharing of employer responsibilities between a PEO and its client, an employer. Benefits of the co-employment business model used by PEOs include giving client companies access to a broader spectrum of employee benefit plans, sharing employer risk, and shifting fiduciary liability of 401(k) plans to the PEO.
Additionally, they oversee pre-employment checks, background verification, and compliance requirements to minimize hiring risks. On-Demand RPO: A highly flexible solution that provides recruitment support whenever immediate or urgent hiring needs arise.
Failure to adhere to the FMLA may result in investigations, lawsuits, and fines, which is why some employers subcontract their risk and compliance management to an HR outsourcing company. That’s when a professional employer organization (PEO) comes into play. Explore our PEO solution , or contact us today to learn more.
Here’s how to design an impactful total rewards plan, and how a PEO can help time-strapped SMBs reap the benefits of a well-appointed program. According to Deloitte , lack of recognition is the most common reason professionals leave their jobs and nearly half want more recognition from their immediate manager and coworkers.
Quick look: Professional employer organizations (PEOs) typically offer similar services, but it’s the customer service approach which makes all the difference. Partnering with a PEO is a competitive advantage for brokers who want to expand their offerings and deliver ongoing client value.
It also leaves HR personnel free to handle more advanced work, such as training and development, compliance management and data analysis. Training has become immediately relevant to the individual needs of both employees and their companies. A reputable HR services provider should have the technology resources to help you with this.
This includes policies, procedures, programs, systems and compliance. Fortunately, there are simple steps you can take immediately to do HR better. Ensure organizational compliance with current laws For any organization, compliance is the single most important risk-management action you can take.
Co-employment sits at the heart of the relationship between professional employer organizations (PEOs) and their clients. According to NAPEO , co-employment is the contractual allocation and sharing of certain employer responsibilities between a PEO and client. With co-employment, risk is shared between the PEO and your company.
The years immediately following the pandemic involved an evaluation of work-life balance, leading millions of workers to voluntarily leave their jobs. To support this shift and lessen the impact on businesses, brokers have begun to partner with professional employer organizations (PEOs) on a more frequent basis.
Outsourced HR companies, such as professional employer organizations (PEOs), can help you find and hire qualified candidates. To make matters worse, as a small business, you have an immediate disadvantage. Staying focused on your needs and using key resources, such as PEOs, can help you achieve lasting success.
These administrative tasks include addressing issues related to: HR-related government compliance and reporting Benefits and COBRA administration Leave of absence compliance and support (FMLA) Employee relations issues. The PEO value proposition for middle market. Why middle market businesses partner with a PEO.
The Capitol Summit is an annual NAPEO event focused on advocacy, education and lobbying initiatives for the PEO industry. The event provides a unique opportunity to hear from members of Congress and Washington insiders on issues important to Professional Employer Organizations (PEOs) and small businesses.
You probably know that a professional employer organization (PEO) can help you with benefits and payroll. Many PEOs offer several services that can be just as, if not more, beneficial to your employees and organization. Below are five little-known PEO services to consider before you choose a company. Compensation services.
Having a professional employer organization ( PEO) partner to evaluate options from all angles can help prevent penalties and keep your company running smoothly. When funds are inaccessible, employers are immediately exposed to penalties and potential personal liability as not paying employees is illegal.
There are many misconceptions about professional employer organizations (PEOs). Often, one of them is that PEOs only deliver value for smaller businesses. But what about PEOs for midsize businesses with operational challenges? These business owners may ask: What value does a PEO bring to midsize businesses?
What is a PEO and how can it help solve these workplace hurdles? One solution is a professional employer organization (PEO) , an HR outsourcing option that performs the most comprehensive set of HR functions. First, what is a PEO? And leaders of growing organizations are in a unique position to face these hurdles.
Quick look: Out of sight doesn’t mean out of mind when it comes to workplace compliance. However, with this type of arrangement, there are a few common compliance issues bound to arise, including payroll, taxes, and workplace safety, especially as a company grows. Every detail is essential to maintain compliance.
Fortunately, with the support of a professional employer organization (PEO), brokers can expand their benefit services, stay flexible in an evolving market, and give their clients the personalized attention they need in order to remain successful. Employees have higher benefit expectations compared to years past.
For our first industry specific webinar, Immedis are delighted to partner with Humentum to host an informative online session ‘ Global Payroll for NGOs – 10 Tips for Success ‘ on October 18th 2018 at 11.00am EDT. PEO/ Employer of Record as an alternative option. Tax filing and compliance requirements.
Engage PEO acquired Zamp. Relatively small in the bigger scheme of things, but we’re planning some PEO research in 2024 to explore how PEO is evolving so we’re watching the space closely. UKG acquired Immedis, a global payroll solution, to enable more seamless payroll in countries around the world.
Quick look: Property and casualty (P&C) brokers may have viewed professional employer organizations (PEOs) as competition in the past due to some service overlap. Here is where a PEO can easily step in to fill any gap in offerings and provide the personalized support SMBs need to grow.
A professional employer organization (PEO) familiar with serving small- and medium-sized businesses (SMBs) can personalize HR services and strategies and alleviate time, costs, and pressure, allowing leaders to focus on their next level of growth. This can leave some business leaders wondering what their next best strategic move is.
Quick look: Compliance changes over the past few years have moved at a frenetic pace. As a professional employer organization (PEO) broker helping small- and medium-sized business (SMB) clients plan for the future, here’s a shortlist of highlights which are important to know.
Upskilling includes broadening knowledge of current industry trends and compliance regulations, which is only the beginning of what brokers can do to differentiate themselves. Why upskilling matters Clients expect immediate answers and easy-to-use systems when it comes to benefit administration and implementation.
What exactly do you get when you hire a professional employer organization (PEO) to work alongside your business? PEO services generally fall under the following categories: HR. Compliance. We can’t guarantee what other PEOs offer or how they serve their clients. ). HR PEO Services. Benefits-Related PEO Services.
Working with a PEO can alleviate the heavy lifting. Encouraging SMBs to partner with a customer-service-focused professional employer organization (PEO) enables brokers to provide additional value that no level of Prime membership can match. A reputable PEO will not compete with brokers.
Background and Challenge Brooklyn Urban Garden Charter School (BUGS), a progressive charter school focused on real-world problem solving and the exploration of environmental, social, and economic sustainability, had partnered with a big-box professional employer organization (PEO) for HR services since its opening in 2013.
Background and Challenge Brooklyn Urban Garden Charter School (BUGS), a progressive charter school focused on real-world problem solving and the exploration of environmental, social, and economic sustainability, had partnered with a big-box professional employer organization (PEO) for HR services since its opening in 2013.
Luckily, if you partner with a PEO, they will guide you through the process, including taking much of the legal work off your plate, and will even begin thinking proactively about how such an event could be prevented in the future.
Not only do brokers have to keep current on these changing regulations, they must also be able to communicate what it means for clients with regards to maintaining compliance and competitiveness. In fact, the survey also points out 8 in 10 brokers say clients have become more reliant on them for compliance information in recent years.
Not only do brokers have to keep current on these changing regulations, they must also be able to communicate what it means for clients with regards to maintaining compliance and competitiveness. In fact, the survey also points out 8 in 10 brokers say clients have become more reliant on them for compliance information in recent years.
While increasing healthcare costs and claims remain a top concern, benefit customization through a PEO shows promise of putting SMBs on a positive trajectory. And through ExtensisHR’s personalized PEO solution, SMBs receive comprehensive, cost-effective HR services and collaborative support.
Keep reading to find out why—and view our short checklist on how to evaluate PEO retirement plan options. 4 Good Reasons To Consider A PEO Retirement Plan For Your Small Business. Using a PEO plan benefits you because: 1. Fiduciary exposure is transitioned to the PEO. your PEO will do this for you.
Such is the case with brokers and PEOs. With SMBs wanting to scale, while remaining agile enough to stay profitable, having the strength of a broker-PEO partnership to support them is invaluable. By offering a PEO solution, brokers give their clients the help they need, when they need it, without the risk of severing ties.
Department of Homeland Security (DHS) relaxed some of its compliance requirements for Form I-9 Employment Eligibility Verification because of the COVID-19 pandemic. Employers must get ready to update their I-9 Forms in accordance with the DHS and should look to the compliance experts at their PEO partner for assistance.
Whether it’s a simple typo, a missed checked box, or a more complicated mistake, payroll errors can be costly for businesses, resulting in financial losses, compliance issues, and decreased employee morale. These mistakes can result in under or overpaid employees, leading to compliance issues and potential legal liabilities.
The 2022 BenefitsPRO Healthcare Survey identifies how changes have impacted brokers specifically and what they can prepare for in the immediate future. As a PEO broker, there’s a greater opportunity through expansion to introduce efficiencies, cost-saving strategies, and HR expertise and support to solidify relationships with SMB clients.
Lastly, an offboarding strategy is also important from a compliance standpoint. However, in some specific circumstances, such as when an employee has access to sensitive company information or they’re leaving to join a competitor, it may make sense to have them leave effective immediately. Conduct an exit interview.
Luckily, there are many outsourced options (such as a PEO) that can help take the burden off of your administrative work. What Is A PEO? A Professional Employer Organization (PEO) is a form of full-service human resource outsourcing. While some may offer strategic services, no two PEOs are the same.
For example, the Family and Medical Leave Act (FMLA)* enables certain employees to receive up to 12 weeks of unpaid and job-protected leave each year for reasons such as childbirth, adoption, caring for an immediate family member, and personal medical leave for a severe health condition.
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