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A Professional Employer Organization , or PEO, allows businesses to outsource their administrative needs to a third party that specializes in these duties. This can include (but is not limited to) managing human resources, taking care of payroll, overseeing workers’ compensation issues, and offering employeebenefits.
Handling employeebenefits and other HR services in-house is extremely difficult for many small businesses. According to research by Secure Data Recovery, 88% of employees have worked at a small business without a dedicated HR team. Professional employer organizations (PEOs) offer a cost-effective solution to this problem.
As a broker-friendly professional employer organization (PEO) , ExtensisHR strives to keep its partner community informed of the latest industry developments. To foster success in 2025, clients should confirm their benefits packages remain relevant or adjust them accordingly.
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. PEOs: dedicated to SMB success, year-round Running a small- or medium-sized business (SMB) is demanding, even outside of peak seasons.
Employeebenefits and compensation Managing employeebenefits and compensation involves multiple processes to ensure your organization stays compliant, controls costs effectively, and promotes the health and well-being of your workforce. Curious about how a PEO can help at the end of the year and beyond?
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.
For employers, it can be a complex and time-consuming process, fraught with paperwork, deadlines, and the need to ensure that all employees are well-informed and supported. 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.
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.
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. What is employee leasing?
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
Revisiting an organization’s employeebenefits package is essential to ensure their offerings remain competitive, sparking the need for deeper, more strategic discussions. Establish the basics Preparing clients for open enrollment involves evaluating how well their current employeebenefits plan works.
EmployeeBenefits Administration: Handling health insurance, retirement plans, and other perks to ensure employees receive their entitled benefits. PEOs, for instance, go beyond traditional outsourcing by acting as co-employers , meaning they share legal responsibility for employees.
Thankfully, market trends are pointing toward a continued need for benefits and PEO brokers, and the right HR outsourcing partner can help them continue to meet those demands. Customizable employeebenefits packages in which clients can leverage ExtensisHR’s economy of scale, as well as benefits planning and administration services.
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, employeebenefits, recruiting, and more. And the PEO industry is booming. In this instance, a PEO could be the answer.
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.
It was a time of uncertainty and back-and-forth changes, but what evolved was an insightful perspective of what employeesbenefited from most which ultimately set the tone for expectations today. Working with a PEO automatically expands a brokers service offerings by providing clients with tailored HR and benefit solutions.
Quick look: SHRM recently released its annual employeebenefits survey depicting what benefits remain high-priority and which are trending upward. Though the popularity of some benefits may not come as a surprise, there are a few important changes to note which brokers can help their clients get ready for.
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.
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 employeebenefits package, including telehealth services, that has been vetted by a seasoned benefits administration and management team.
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?
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.
Insurance brokers and professional employer organizations (PEOs) are supposed to be competitors, right? Actually, brokers and PEOs can form mutually advantageous partnerships that result in better service for their clients. Furthermore, brokers themselves can benefit significantly from working with a PEO.
A Professional Employer Organization (PEO) is a firm that provides comprehensive HR solutions to businesses by handling payroll, employeebenefits, regulatory compliance, tax administration, and other workforce management functions. You may read more about PEO statistics here. How Does A PEO Work?
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.
Professional Employer Organizations (PEOs) help businesses manage essential HR tasks like payroll, employeebenefits, and compliance. By partnering with a PEO, companies can focus on growth while outsourcing time-consuming administrative work.
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 employeebenefits 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.
For brokers, this begins and ends with employeebenefits. Providing access to more comprehensive health plans, resources, and tools is one powerful way to keep clients and employees engaged. What once was a stigmatized well-being challenge is now front and center as an in-demand employeebenefit for both men and women.
That’s when a partnership with a professional employer organization (PEO) may be helpful. Explore ExtensisHRs PEO solution , or contact us today to learn more. They may also act as a sounding board, alerting business leaders of industry news and trends and presenting ideas on staying competitive and compliant.
Here, we highlight this years five most popular ExtensisHR broker blogs which reflect top talking points like maximizing the value of employeebenefits, the importance of providing a seamless client implementation process, and more. years Benefit Operations 8.4 years Benefit Management 20.7 years Payroll 11.3
If you want your business to attract top talent in today’s job market and retain employees for the long term, one of the most powerful tools at your company’s disposal is competitive employeebenefits. Let’s explore what employees expect so that you can stand out from your industry peers and recruit and keep the best.
Thankfully, market trends are pointing toward a continued need for benefits and PEO brokers, and the right HR outsourcing partner can help them continue to meet those demands. student loan repayment and tuition reimbursement) were part of their benefits strategies, respectively.
Employeebenefit administration and analysis In today’s hyper-competitive market, employees consider their benefits a critical component of their total compensation. , outsourcing some of their daily administrative burden to a professional employer organization (PEO) could provide much-needed relief.
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. For many employers and their employees, the time for open enrollment comes and goes in the blink of an eye.
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.
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. Is a PEO Right for Your Business?
Below, explore what National Wellness Month is all about, the significance of promoting employee health and wellness, and discover how partnering with a professional employer organization (PEO) can help your business achieve these goals. Our experts are ready to help you contribute to your employees’ wellness all year long.
Global employee engagement and overall employee well-being have hit record lows according to a recent Gallup report. Employee engagement is measured by the involvement and enthusiasm employees have for their workplace and in their work.
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.
However, this long-held strategy is unsustainable when it comes to employee recruitment and retention. Factoring this in maximizes employeebenefit participation and optimizes costs for SMB employers, achieving a win-win scenario. Rather, relevancy has become a top priority when creating health plans.
Quick look: Employee expectations for well-being benefits top the list of priorities among business leaders since a lack of these offerings coincides with greater job dissatisfaction. As a result, a focus on benefit relevancy is as important , if not more so, than the number of benefits available.
Working with a PEO allows small businesses to have access to affordable employeebenefits that are typically only available to larger companies, which can help companies attract the best employees and reduce turnover.
As we observe Breast Cancer Awareness Month this October, let’s explore how small- and medium-sized business (SMB) employers can raise awareness and how a thoughtfully designed employeebenefits package can provide meaningful support to patients, survivors, and their families throughout the year.
This leads some to long for a trusted, skillful extra set of hands, and thats precisely what a professional employer organization (PEO) offers. Discover how in-house HR experts and PEOs can unite to streamline talent acquisition, maintain compliance, manage daily administrative tasks, and more. What is the role of a PEO?
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