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

Business Management Daily

Handling employee benefits and other HR services in-house is extremely difficult for many small businesses. There are many reasons, including being short-staffed and needing an internal Human Resources department, which is a reality for many small and medium-sized companies.

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Are HR Departments A Requirement For Small Businesses?

Genesis HR Solutions

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).

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Our 5 Most Popular Broker Blogs of 2023

Extensis

Quick look: This year, continuing inflation challenges and the demand for personalized employee benefits packages made headlines. Small- and medium-sized businesses (SMBs) and employees want to make the most of their budgets as inflation challenges remain. An increasing need for clear, thorough employee benefits communication.

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Can you outgrow a PEO? Why middle market businesses partner with PEOs

Insperity

Ignoring strategic HR initiatives would be a mistake for many reasons, some of which may impact your bottom line. Yet it can be a challenging and costly endeavor to build an internal HR team equipped with the specialized knowledge required for your company. Employees get access to high-quality, PEO-sponsored employee benefits.

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Small business HR outsourcing options

Business Management Daily

Businesses can choose full-service HR outsourcing options to fully outsource their HR needs or simply offload a few of the more time-consuming or challenging HR tasks. This is often an interim option that small businesses use until they grow large enough to require a full-time internal HR manager.

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Ignite Business Growth in 2023: 4 Ways Brokers Benefit by Working with a PEO

Extensis

Therefore, brokers are being called upon to step up in their advisory roles, leading many to team up with professional employer organizations (PEOs). A PEO delivers a comprehensive suite of services for SMBs who struggle with finding enough time and attention to focus fully on HR. As of November 2022, the U.S.

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What is a PEO?

Insperity

It’s easy to overlook key revenue-generating opportunities when you’re distracted by your HR to-dos. The good news: There’s help out there – it’s called a professional employer organization (PEO). The PEO becomes your one-stop shop for: Employee benefits. HR administration.