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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.
As a broker-friendly professional employer organization (PEO) , ExtensisHR strives to keep its partner community informed of the latest industry developments. However, they must pay close attention to other regions employment regulations, something some PEOs specialize in.
In compliance with laws in all areas of operations. Reviewing benefits to not only ensure compliance with all new applicable laws, but to confirm alignment with worker expectations in a range of markets and offer a better employee experience for more people. There is another solution: partnering with a PEO.
In this guide, we’ll explore practical strategies to streamline open enrollment and how a PEO can help busy SMBs make the most of their benefit election cycle. In this case, offloading the project to the benefits experts at a professional employer organization (PEO) may be worth it.
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. Juggling recruiting, compliance, employee benefits, and more while simultaneously trying to grow the company can be exhausting.
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: As 2024 comes to a close, it’s time for HR professionals to review, reflect, and fine-tune their processes to ensure compliance, enhance employee satisfaction, and streamline operations. Additionally, human resources (HR) teams must tackle a variety of tasks to maintain compliance and streamline operations for the year ahead.
Tandem HR announced the acquisition of The QTI Group’s Professional Employer Organization (PEO) division on August 31, 2021. We look forward to welcoming the QTI PEO team and clients to our family,” says Tanya Yakhnis, CFO at the Tandem Family of Companies. Safety and compliance. interested other I currently use a PEO: *.
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. This is where a professional employer organization (PEO) can step in to provide valuable assistance. PEOs rectify this issue with its recruiting services.
As a financial services provider, PEO, or payroll provider, your clients rely on you to help them manage their workforce efficiently while controlling labor costs. A well-structured scheduling system is essential to keeping operations running smoothly and ensuring compliance with labor regulations.
Overall HR Tech M&A Trends and Insights Three big things to note: 1) Lots of movement in the PEO space. I haven’t really listed deals below on this, but there are so many payroll companies and smaller PEOs with leaders reaching retirement age that are selling off the company. We follow the team at HRTech.sg
That’s where professional employer organizations (PEOs) come in handy! In this blog, learn about five HR benefits non-profits can achieve with a PEO partnership. That’s why more non-profit organizations are finding solace by partnering with a professional employer organization (PEO). What is a PEO?
Let’s explore all the services that a full-service PEO partner can perform for your organization and why your business may want to consider this option for the most comprehensive, cost-efficient and time-efficient HR outsourcing. What is a full-service PEO partner? Among PEOs, level of service matters.
From recruiting employees and handling payroll to ensuring compliance with labor laws, HR tasks require constant attention and expertise. Larger enterprises also turn to HRO providers to improve efficiency, ensure compliance, and manage workforce-related challenges. Expertise and Compliance: Employment laws are constantly changing.
Quick look: A PEO partnership can help small businesses grow, stay compliant, offer competitive benefits, and retain valuable employees. However, some organizations shy away from a PEO out of fear that a co-employment relationship is the same as employee leasing. However, the PEO does not supply workers to their client.
Professional employer organizations (PEOs) : Organizations that enter into a joint-employment relationship with a business and provide comprehensive solutions for HR, payroll, risk and compliance, employee benefits, recruiting, and more. And the PEO industry is booming. In this instance, a PEO could be the answer.
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?
Level up your performance and talent management strategies with a PEO Daily responsibilities often leave small business leaders strapped for time, and as pivotal as performance and talent management are, they may fall to the wayside so more urgent matters can be addressed.
Here, we explore the importance of payroll, how PEO payroll services impact SMBs across the country, and all the other ways PEOs help businesses, too. Other companies offload their payroll responsibilities to a payroll service provider or a professional employer organization (PEO). Some PEOs, like ExtensisHR, are IRS-Certified.
Namely, a modern HR system for midmarket firms, joined forces with Vensure Employment Services and PrismHR, two leaders in the PEO space. MitraTech, a 2022 HR Tech Award winner for its compliance software, nabbed high-volume hiring system TalentReef and background check company AssureHire. Talent Acquisition and Hiring.
Designed to highlight critical industry developments, ExtensisHR’s 2024 Trends Report features insight from our professional employer organization (PEO) subject matter experts. Your organization may not have extra time to devote to the intricacies of HR trends and employer compliance concerns, but a PEO does.
Here’s how brokers who partner with a PEO can help clients avoid dishonest providers and offer their employees reputable virtual solutions. By partnering with a PEO, brokers can provide a trusted employee benefits package, including telehealth services, that has been vetted by a seasoned benefits administration and management team.
Quick look: PEO awareness and subsequent partnerships have increased over the past few years as brokers and their clients look for fresh HR and benefit strategies to keep them competitive. However, many organizations have begun to realize not all PEOs offer the same level of support. However, not all PEOs are the same.
ExtensisHR’s PEO Premier® delivers HR services with an edge, complete with a personalized approach, saving time, costs, and sanity. Rather than being left behind on the latest in HR compliance, trends, and operations, why not offer clients the benefit of a professional employer organization (PEO) partner with its own premier solution?
A Professional Employer Organization (PEO) is a firm that provides comprehensive HR solutions to businesses by handling payroll, employee benefits, regulatory compliance, tax administration, and other workforce management functions. You may read more about PEO statistics here. How Does A PEO Work?
Deel also launched Deel PEO inside its platform, so customers can offer big-company benefits, without the high costs, as well as a new tool that allows businesses to tackle benefits administration across multiple markets, ensuring compliance and consistency across global teams. Sweet suite.
Professional Employer Organizations (PEOs) help businesses manage essential HR tasks like payroll, employee benefits, and compliance. By partnering with a PEO, companies can focus on growth while outsourcing time-consuming administrative work. One major advantage of working with a PEO is access to high-quality employee benefits.
Remote is now rolling out a “US expansion package” that consolidates a wider array of products for this customer base, including professional employer organization (PEO) services, state compliance information, and US payroll, the company announced March 14. One-stop shop.
Professional Employer Organizations (PEOs) provide comprehensive HR solutions for businesses by handling payroll, benefits administration, compliance, and risk management. By partnering with a PEO, businesses can outsource essential HR functions, allowing them to focus on their core operations.
Navigating HR , compliance , and employee benefits can be challenging for small businesses. At Helpside, we emphasize the word “ partner ” to describe the relationship between your business and a PEO. Myth #2 “All PEOs are the same.” Fact PEOs are not all the same.
Their responsibilities include: Conducting salary research and benchmarking Monitoring inflation trends Adjusting compensation rates according to roles and skills Ensuring the business’s compliance with all state and federal compensation laws, including minimum wage, equal pay, and overtime 6. Could your HR team use an extra set of hands?
To help clients maximize their benefits and feel confident in their choices, making the connection to a PEO partner can simplify and streamline the entire process. As part of a full HR solution, a PEO partner offers benefits consulting to answer employer questions about the best products and plans currently available.
Our second most-read blog in 2024 discusses other perks of HR outsourcing, including: The ability to leverage comprehensive HR expertise Assistance with compliance and minimized risk Access to the latest HR technology Tools to better hire and retain talent And more Read more > 3.
Compliance With Labor Laws The first benefit of hiring an EoR is complying with existing labor laws. They include the following: Professional Employer Organization: A professional employer organization (PEO) is a service provider that assists companies. Also, remote workers are more productive than their counterparts in the office.
With the help of a professional employer organization (PEO), brokers can build tailored health plans to meet this urgent demand while complementing SMB growth. By factoring in the geography of a SMBs work population, a PEO partner can create benefit plans with coverage where employees reside.
Additionally, they oversee pre-employment checks, background verification, and compliance requirements to minimize hiring risks. Also Learn About: Ultimate Guide To Payroll Outsourcing The Ultimate Guide To Professional Employer Organizations (PEOs) HRO Meaning: Human Resource Outsourcing What Are AI Agents: Detiled Guide
This is where partnering with a Professional Employer Organization (PEO) can make all the difference. Here are some reasons why working with a PEO is a strategic move for businesses in 2025. A PEO helps you stay compliant by: Providing expert guidance on state and federal employment laws.
A strategic way brokers can encourage business growth is by connecting clients with a professional employer organization (PEO) to save costs, stay competitive, and keep the focus on core operational activities. A PEO partner serves as a complement to guide SMB leaders through their challenges and questions.
Brokers who partner with a professional employer organization (PEO) provide their small- and medium-sized business (SMB) clients access to premium benefits at approachable costs, which are typically reserved for larger companies. It also requires finding a balance between meeting employees’ needs and aligning with a business’ budget.
To meet employees’ growing demands and help employers maximize their investment, brokers play a key role in designing benefit packages and find partnering with a PEO delivers the ideal support. Therefore, it’s important to choose a PEO partner wisely as big-box PEOs often apply a one-size-fits-all approach to benefit plans.
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.
Partnering with a PEO allows employers to delegate these tedious administrative tasks, freeing up their time to concentrate on business growth and leadership. Additionally, more than half of employees feel that their company does not genuinely care about their well-being.
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.
ExtensisHRs most-read broker blogs this year provided a wealth of actionable insights, from tips on ensuring your clients employees make the most of their flexible spending accounts (FSAs) to the importance of choosing a professional employer organization (PEO) partner with a history of proven success. years Benefit Operations 8.4
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