Remove Payroll Remove Professional Employment Organization Remove Retirement
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

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Top HR Challenges Found in HR Dive’s 2022 Identity of HR Report

Extensis

This year has been busy for HR professionals, and many businesses encountered a rising need to outsource HR tasks. According to the data, HR service vendor use increased in nearly every category: Payroll services jumped 15% year-over-year (from 53% of respondents using the services in 2021 to 61% this year). Dedicated HR guidance.

article thumbnail

Future-ready HR: The versatility of full-service PEO partnerships

Insperity

This can happen when an employee is terminated with a payroll company, but the employer forgets to notify one or more insurance carriers – medical, dental or vision, for example – that the employee is no longer with the company. Together, this equates to greater peace of mind that present and future HR needs are met.

article thumbnail

Certified PEO

Zenefits

For businesses bogged down by human resources requirements, partnering with a certified professional employer organization (CPEO) is an option. Outsourcing HR functions like payroll administration offers business owners more time to focus on customer service and growth. A PEO provides covering: Payroll.

article thumbnail

Furlough vs. layoff: What’s the difference, and what do employers need to know?

Insperity

When an organization needs to reduce its payroll due to financial hardship, there are two options employers may consider: furlough vs. layoff. When employers plan to permanently reduce headcount at the time of termination (e.g., Consider: Do you have many employees who expected to be able to retire from your organization?

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. But rest assured — a PEO is employer for certain purposes only (e.g.,