article thumbnail

What is a PEO? The solution to making your company great!

EmployeeConnect

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 employee benefits.

article thumbnail

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. 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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HR Year-End Checklist: 10 Critical Areas to Assess

Extensis

Employee benefits and compensation Managing employee benefits and compensation involves multiple processes to ensure your organization stays compliant, controls costs effectively, and promotes the health and well-being of your workforce. File FICA/FUTA: If applicable, submit forms by the IRS deadlines.

article thumbnail

What Brokers Can Be Thankful For This Year

Extensis

Employee benefits Your clients rely on you to present cost-effective benefits packages that cater to their increasingly diverse workforces —and that need will remain steadfast. Many AI programs remove names from resumes to help eliminate bias, leading to a larger qualified talent pool, and giving candidates a fairer chance.

article thumbnail

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.

article thumbnail

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.

article thumbnail

6 common PEO myths debunked

Insperity

Are rumors about companies that have had professional employer organization problems keeping you from hiring a PEO? And it’s natural to have a few concerns at first, especially if co-employment is a new concept to you. Employees leaving because their company enters a PEO relationship is virtually unheard of.