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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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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.

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HR Outsourcing Trends and Statistics SMBs Should Know

Extensis

Before diving into the latest HR outsourcing trends, it’s important to understand the various types of HR outsourcing companies, which include the following: Benefits consultants : Firms or individual professionals who assist companies with selecting, purchasing, and administering benefits plans. billion between 2021 to 2026.

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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.,

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What Brokers Can Be Thankful For This Year

Extensis

Further, the study showed that HR professionals are adapting to employees’ desire for more robust total rewards packages , as there was a 7% increase this year in student loan repayment/other educational benefits and an 8% uptick in retirement benefits/contributions.

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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.

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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.