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Are rumors about companies that have had professional employer organization problems keeping you from hiring a PEO? But let’s take a close look at six myths about PEOs. But rest assured — a PEO is employer for certain purposes only (e.g., As a co-employer, a PEO works right alongside your business.
Here’s how brokers who partner with a PEO can help clients avoid dishonest providers and offer their employees reputable virtual solutions. potentially limiting a physician to one predetermined course of treatment. Telehealth services have skyrocketed since the pandemic began, and for good reason. The rise of telehealth fraud.
Total rewards include compensation, benefits, well-being initiatives, and recognition, and help companies increase productivity, retention rates, and talent acquisition success. 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.
As any small business owner knows, there are approximately a million things that need your attention every day and a PEO can help. That’s thanks in large part to professional employer organizations or PEOs, for short. Here’s a crash course in all things PEO and how they can benefit your small (or even medium-sized!)
Quick look: There are hundreds of PEOs across the U.S. In this blog, learn about ExtensisHR’s Employee Solution Center (ESC) and discover the benefits of having a responsive and knowledgeable support system that understands your unique needs and helps you easily navigate complex HR issues. You’re not alone.
For example, a small business of 20 employees likely doesn’t need to have a full-time HR person, because, frankly, that person won’t have a full-time job ( but to be clear, the need for an HR function exists at all company sizes ). An Attractive HR Department Alternative: PEOs. Professional Employer Organizations (PEOs).
As a business leader, you may have heard the term “PEO” before, but you may not know what they are or how they can help. PEO stands for Professional Employer Organization. And businesses who partner with a PEO 7-9 percent faster, have 10-14 percent lower employee turnover, and are 50 percent less likely to go out of business.
Additionally, research shows thatgratitude strengthens employee retention rates: workers who received high-quality recognition were 45% less likely to leave. PEOs: A resource for revitalization Running a small business can be challenging. Explore ExtensisHRs PEO solution , or contact us today to learn more.
That presents business leaders an ever-present challenge: how to contain the cost of employeebenefits. Why benefits costs keep rising – and are more challenging for small- to mid-sized businesses to control. Wondering how to contain the cost of employeebenefits? After all, life happens. Time and resources.
Keep reading to sharpen your awareness of the HR trends impacting charter schools and how professional employer organizations (PEOs) like ExtensisHR help schools’ employee operations get on track for the new year. How a PEO helps: Your PEO partner can help assess your school’s current DEI landscape.
But there’s one area where you can make a huge impact—your employeebenefits package. Additionally, they assist with childcare costs when employees return to work, demonstrating a strong commitment to fostering a family-friendly environment. Take Mustard Made , for example.
A PEO also referred to as a professional employer organization, has continued to gain recognition mainly due to its benefits to small and medium-sized organizations within the United States. It has helped such businesses grow by offering HR services in areas where they can’t hire employees full-time. What is a PEO.
There are many different factors to consider when choosing a new employeebenefits provider. Whether you offer benefits currently can play a significant role, as switching providers is more complicated than merely signing up initially. End-to-end, choosing a new employeebenefits provider is potentially time-consuming.
If left unresolved, burnt-out employees are nearly three times more likely to actively search for a new job. Company leaders include comprehensive employeebenefits across medical, vision, and dental networks to support employees’ physical health. 70% also state learning improves their connection with their workplace.
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?
Keep reading to sharpen your awareness of the HR trends impacting charter schools and how professional employer organizations (PEOs) like ExtensisHR help schools’ employee operations get on track for the new year. How a PEO helps: Your PEO partner can help assess your school’s current DEI landscape.
So, when HR becomes too complicated for an SMB to handle on their own, working with a professional employer organization (PEO) could be the perfect solution. Since workforce management and labor account for nearly 70% of business costs, it’s wise to explore how a PEO can help streamline operations and mitigate expenses.
Quick look: This year, continuing inflation challenges and the demand for personalized employeebenefits packages made headlines. It’s that time of year again: 2023 is drawing to a close, and people everywhere, including benefits and PEO brokers, are pondering their key takeaways for the year. Read more > 3.
Expanding employeebenefits Of course, the standard suite of benefits will always be important in attracting and retaining employees. For companies that lack a dedicated, in-house HR team, working with a PEO can be a great option in preparing a company for the future of work, whatever that may bring.
Of course, not every business has the budget or the resources to keep up with the demand, which leaves plenty of opportunities to get creative. It starts with strengthening benefit basics, and then, implementing a custom solution like ExtensisHR’s PEO Premier to make job offers extra alluring. Concierge medicine.
Here’s a look at the importance of recognizing NSBW and how a professional employer organization (PEO) can help these organizations grow, build a strong and productive workforce, and foster a positive workplace culture. Because of the relationship with a PEO, businesses see countless advantages. National Small Business Week The U.S.
Move for mental health The official Movember movement encourages participants to run or walk 60 miles over the course of November. What once was a stigmatized health challenge is now front and center as an in-demand employeebenefit for both men and women. This is to signify the 60 men suicide takes every hour, worldwide.
We’ve heard your story before, and we’re happy to say—there’s a good ending in store for companies like yours who take the chance to grow and scale by partnering with GenesisHR, a professional employer organization (PEO). What benefits will you experience by choosing to grow with a PEO? With a PEO, that all changes.
Despite the heightened awareness, there’s actually a silver lining for PEO brokers ready to differentiate themselves in the industry. As the workforce tries to course correct, there are ways people in their current positions can come out stronger on the other side. Professionally, PEO brokers are being called upon now more than ever.
Insperity Insperity is a full-service HR and professional employer organization (PEO) solution that allows small businesses to outsource payroll, benefits, compliance, and more. It can handle employeebenefits management, talent management, and payroll. It also provides an additional HR support desk if issues arise.
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. But these general categories only scratch the surface of what employers actually receive when they enter into a co-employment relationship with a PEO.
Learning and development Employee management software can offer tailored training opportunities to enhance specific skills and promote career growth. These can include specialized training modules for leadership development, technical skills courses relevant to the person’s role, and soft skills training such as communication and teamwork.
In celebration of National Life Insurance Day, here’s a look at why life insurance is so essential, common misconceptions, and how a PEO can make policies more affordable for small- and medium-sized businesses. This is also an area where working with a professional employer organization (PEO) can be extremely beneficial.
Fortunately, business leaders are not alone in navigating this new legislation and can turn to a PEO partner for expertise, experience, and guidance. To minimize risk and uphold hiring best practices, it’s beneficial for SMBs to work with a professional employer organization (PEO) partner well-versed in all things HR.
With these statistics in mind, you know that there is a lot of potential to transform these interns into real-life employees – and make it a significant part of your recruiting efforts and ultimately your employee pipeline. The post PEO Problem Solvers: Graduating Interns to New Hires appeared first on Abel. Offer Training.
This prestigious designation is only awarded by the IRS to PEOs whose business practices align with the U.S. Additionally, ExtensisHR is in the 1% of PEOs who have all three of the following accreditations. The post How a PEO Protects Government Contractors from Regulatory Compliance Risks appeared first on ExtensisHR.
This prestigious designation is only awarded by the IRS to PEOs whose business practices align with the U.S. Additionally, ExtensisHR is in the 1% of PEOs who have all three of the following accreditations. The post How a PEO Protects Government Contractors from Regulatory Compliance Risks appeared first on Extensis.
The good news: There’s help out there – it’s called a professional employer organization (PEO). These organizations can work with your company to provide comprehensive and affordable payroll, benefits and human resource services through a business-to-business relationship called “co-employment.
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. requires businesses to automatically enroll employees in 401(k) plans. Though the language may be complex, the sentiment is largely favorable.
PEO stands for Professional Employer Organization. What does a PEO do? PEOs manage payroll, taxes, employeebenefits, compliance, and other administrative tasks so you can focus on growing your small business. An important thing to note is that a PEO is different from using HR software services.
EmployeeBenefit Trends Study 2022 takes an in-depth look at what employees want and what DEI initiatives today’s businesses are partaking in. EmployeeBenefit Trends Study 2022, titled The Rise of the Whole Employee: 20 Years of Change in Employer-Employee Dynamics. MetLife’s 20th Annual U.S.
These programs feature opportunities like new-hire training, certification courses, and collaborative workshops. An ESP’s professional development may also include industry-mandated courses such as DEI, harassment prevention, school safety, and incident reporting training. That’s where ExtensisHR comes in.
Dry eyes and eye strain – and of course, more serious eye conditions – contribute to headaches, itching, back and neck soreness, and light sensitivity. See more clearly with a PEO. Vision care helps people avoid this pain point – and many more – by receiving affordable access to ODs at all times. 401(k) retirement plans.
This adds up to roughly $1 million in lost earnings over the course of a lifetime. When health plans are approaching renewal, work with your broker or professional employer organization (PEO) to select coverage with diverse in-plan physicians. Black women fared even worse. Failure to act could result in serious consequences.
Further, careers are often responsible for a huge chunk of employees’ stress that is leading them to spend seven years of their life tossing and turning trying to sleep. Further, paying a wage that is fair also helps employees to feel appreciated and fosters engagement. Pay Your Way. Get Them Covered. Be Flexible.
Employeebenefits may be expensive, but their value goes beyond a simple dollar amount. When sizing up job offers, prospective employees will absolutely be comparing your company’s benefits against those of your competitors. In this article, we’ll look at: The benefits most businesses offer. Considering a PEO?
There’s a reason why employee assistance programs (EAPs) have become such a popular part of benefits packages for employers and employees alike. According to the Society of Human Resource Management (SHRM) 2019 EmployeeBenefits Survey , 79 percent of employers reported offering an EAP.).
The National Association of Professional Employer Organizations (NAPEO) defines co-employment as the “contractual allocation and sharing of certain employer responsibilities between the PEO and the client.” co-employment basically means that your workers are technically employed by two separate entities: your company and a PEO.
This is the annual period when benefits open enrollment (OE) occurs and employees can change their benefits, research options, and pick the plan that’s right for them. Here we’ll look at five common pitfalls to avoid during this time and discuss how a professional employer organization (PEO) can simplify the process.
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