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Professional Employer Organization (PEO): Right for Your Business?

Business Management Daily

Professional employer organizations (PEOs) offer a cost-effective solution to this problem. Besides the cost savings, working with a PEO can yield many benefits to employers. NAPEO (National Association of Professional Employer Organizations) economists Laurie Bassi and Dan McMurrer conducted research into PEOs.

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4 Ways PEO Solutions Benefit Medical Practices

Extensis

For healthcare professionals, the demands of managing a practice can sometimes overshadow their primary mission: delivering high-quality healthcare. A professional employer organization (PEO) can step in as a powerful ally, simplifying operations, reducing costs, and allowing medical practices to focus on what truly matters most.

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For Brokers: Helping Clients Navigate HR Risks

Extensis

Quick look: No business operates without risk, and managing workplace compliance, health, and safety can be overwhelming. While an entrepreneurial mindset is crucial to getting a business off the ground, many newly minted employers simply don’t have the knowledge (or the time) keep up with compliance, which can result in major violations.

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5 HR Benefits PEOs Offer Non-Profit Organizations

Extensis

However, like any other organization, they also face challenges in managing their HR functions. That’s where professional employer organizations (PEOs) come in handy! That’s why more non-profit organizations are finding solace by partnering with a professional employer organization (PEO).

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HR Outsourcing Trends and Statistics SMBs Should Know

Extensis

Diversity, equity, and inclusion (DEI) consultants : Firms or individual professionals who help businesses develop inclusive, diverse workforce policies and programs. Administrative services organization (ASO): ASOs provide similar HR management services to PEOs but without establishing a co-employment relationship.

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Top HR Challenges Found in HR Dive’s 2022 Identity of HR Report

Extensis

On the contrary, organizations with larger HR departments were more likely to contract out staffing, executive recruiting, and diversity, equity, and inclusion planning. It’s no wonder more businesses are turning to HR outsourcing partners like professional employer organizations ( PEOs ). Cultural changes.

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8 ways HR expertise helps facilitate business growth

Insperity

Ensure HR processes are scalable Your HR processes – the means and practices by which your company manages people and their performance – need to support your organization, whether you have 10 employees or hundreds of employees. In compliance with laws in all areas of operations. Supportive of organizational goals.