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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. Some business owners balk at the idea of hiring a Professional Employer Organization because they worry that the PEO will gain control of their company and employees.
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.
As a broker-friendly professional employer organization (PEO) , ExtensisHR strives to keep its partner community informed of the latest industry developments. However, they must pay close attention to other regions employment regulations, something some PEOs specialize in.
How a professional employer organization (PEO) can help If your HR team is smaller or more general in expertise and focus, scaling up and overseeing an expanded HR function can be daunting. There is another solution: partnering with a PEO. Instead, a PEO offers diverse expertise for one consistent monthly or annual fee.
Speaker: Patrick Sayers, President of Newcastle Research
In this webinar, you will learn: The pros and cons of the different options available (HCM, PEO, In-House etc.). Join Patrick Sayers, president of Newcastle Research, to learn about some of the most important things successful companies consider on the path to a successful HR technology strategy. How to choose between SaaS and license.
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. In this case, offloading the project to the benefits experts at a professional employer organization (PEO) may be worth it.
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.
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.
To do this, brokers are in a unique position to make an impact by connecting their clients with a professional employer organization (PEO) solution. The structure, support, and insight of a PEO help make this happen. Business success is often marked by adaptability, and creating purposeful partnerships makes this possible.
That’s where professional employer organizations (PEOs) come in handy! In this blog, learn about five HR benefits non-profits can achieve with a PEO partnership. That’s why more non-profit organizations are finding solace by partnering with a professional employer organization (PEO). What is a PEO?
Let’s explore all the services that a full-service PEO partner can perform for your organization and why your business may want to consider this option for the most comprehensive, cost-efficient and time-efficient HR outsourcing. What is a full-service PEO partner? Among PEOs, level of service matters.
Partnering with a PEO: from “to-do” to “done” You aren’t alone if your end-of-year HR responsibilities are stressing you out more than the holiday shopping you still need to do. In fact, these tasks are just one reason why many small businesses partner with a professional employer organization (PEO).
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
As a financial services provider, PEO, or payroll provider, your clients rely on you to help them manage their workforce efficiently while controlling labor costs. One often-overlooked area that significantly impacts both productivity and financial performance is employee scheduling.
Fortunately, one of the many built-in advantages brokers have when working with a professional employer organization (PEO) is dedicated access to a team of HR experts who provide flexible solutions. However, finding a balance between cost and value can be challenging for small- and medium-sized businesses (SMBs).
Other HR Solutions Companies exploring HR solutions often compare HRO with other approaches such as Professional Employer Organizations (PEOs) , HR consulting, and HR software solutions. PEOs, for instance, go beyond traditional outsourcing by acting as co-employers , meaning they share legal responsibility for employees.
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.
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, employee benefits, recruiting, and more. And the PEO industry is booming. In this instance, a PEO could be the answer.
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. Quick look: The season of gratitude is here, and it’s an ideal time for brokers to pause and take stock of the many things they are grateful for.
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.
Quick look: PEO awareness and subsequent partnerships have increased over the past few years as brokers and their clients look for fresh HR and benefit strategies to keep them competitive. However, many organizations have begun to realize not all PEOs offer the same level of support. However, not all PEOs are the same.
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. Let’s explore how.
Namely, a modern HR system for midmarket firms, joined forces with Vensure Employment Services and PrismHR, two leaders in the PEO space. Visier also picked up Boostrs , a skills intelligence engine. Paycor, one of the leading providers of SMB HR technology, acquired sourcing and talent intelligence provider Talenya.
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. Myth #3 “PEOs replace in-house HR teams.” Fact PEOs do not replace in-house HR teams; they work alongside them.
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?
Professional Employer Organizations (PEOs) help businesses manage essential HR tasks like payroll, employee benefits, and compliance. By partnering with a PEO, companies can focus on growth while outsourcing time-consuming administrative work. One major advantage of working with a PEO is access to high-quality employee benefits.
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.
Remote is now rolling out a “US expansion package” that consolidates a wider array of products for this customer base, including professional employer organization (PEO) services, state compliance information, and US payroll, the company announced March 14. One-stop shop.
Consider the HR outsourcing services offered by a professional employer organization (PEO). A reputable PEO can help assess your challenges and guide you in creating an action plan using strategies proven to increase employee engagement.
Deel also launched Deel PEO inside its platform, so customers can offer big-company benefits, without the high costs, as well as a new tool that allows businesses to tackle benefits administration across multiple markets, ensuring compliance and consistency across global teams.
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.
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?
Yet, it’s not all doom and gloom, as brokers and their clients have access to professional employer organizations (PEOs) to help them reinvigorate employee participation and provide the support necessary to help them do their best work.
To meet employees’ growing demands and help employers maximize their investment, brokers play a key role in designing benefit packages and find partnering with a PEO delivers the ideal support. Therefore, it’s important to choose a PEO partner wisely as big-box PEOs often apply a one-size-fits-all approach to benefit plans.
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. As part of a full HR solution, a PEO partner offers benefits consulting to answer employer questions about the best products and plans currently available.
With the help of a professional employer organization (PEO), brokers can build tailored health plans to meet this urgent demand while complementing SMB growth. By factoring in the geography of a SMBs work population, a PEO partner can create benefit plans with coverage where employees reside.
Partnering with a PEO allows employers to delegate these tedious administrative tasks, freeing up their time to concentrate on business growth and leadership. Additionally, more than half of employees feel that their company does not genuinely care about their well-being.
ExtensisHRs most-read broker blogs this year provided a wealth of actionable insights, from tips on ensuring your clients employees make the most of their flexible spending accounts (FSAs) to the importance of choosing a professional employer organization (PEO) partner with a history of proven success. years Benefit Operations 8.4
These challenges can be daunting, but working with a Professional Employer Organization (PEO) can help. PEOs offer expert solutions to manage healthcare benefits , support mental health , and ensure workplace safety , making it easier for employers to handle these concerns.
Quick look: There are hundreds of PEOs across the U.S. Feeling overwhelmed by the number of professional employer organizations (PEOs) on the market? However, one factor that sets PEOs apart is the quality of customer support they provide to their customers. and finding the right partner can be challenging. You’re not alone.
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. However, determining if, how, and when to adjust your business’s operations accordingly has the greatest impact on your organization’s success.
, outsourcing some of their daily administrative burden to a professional employer organization (PEO) could provide much-needed relief. PEOs help businesses manage various aspects of their HR, recruiting, employee benefits, payroll, and risk management. Learn more about ExtensisHR’s PEO solution or contact us to get started today.
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