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

Business Management Daily

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.

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8 ways HR expertise helps facilitate business growth

Insperity

In compliance with laws in all areas of operations. As organizations scale, HR technology can be extremely helpful in realizing key process efficiencies, including: Streamlining processes. In any of these scenarios, businesses are exposed and subject to more laws. There is another solution: partnering with a PEO.

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HRO Meaning: Human Resource Outsourcing

HR Stacks Blog

From recruiting employees and handling payroll to ensuring compliance with labor laws, HR tasks require constant attention and expertise. As companies look for ways to optimize operations, Human Resource Outsourcing (HRO) has emerged as a strategic solution. Expertise and Compliance: Employment laws are constantly changing.

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HR Strategy is crucial in times of crisis.

Tandem HR

There are many reasons an organization doesn’t have the amount of HR help they really need, but what we do know is that those organizations that have prioritized HR by partnering with a PEO are ten steps ahead of the game. Because PEOs are helping small businesses through this pandemic. PEOs assist with rapidly changing employment law.

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For Brokers: Helping Clients Navigate HR Risks

Extensis

Luckily, with a PEO partnership in their pocket, brokers can step in as trusted advisors and help their clients remain compliant. Initially, you may be approached by a client to provide health insurance solutions, but you shouldn’t limit your engagement to strictly benefit-related matters. Offer solutions—and keep asking questions.

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HR Lineup - Untitled Article

HR Lineup

Under the EOR model, the employer transfers certain employment-related responsibilities to the EOR, which becomes the legal employer of the workers. The EOR is responsible for tasks such as payroll processing, tax withholding, benefits administration, and compliance with employment laws and regulations.

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The Ultimate Guide To Professional Employer Organizations (PEOs)

HR Stacks Blog

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?