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Professionalemployerorganizations (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 ProfessionalEmployerOrganizations) economists Laurie Bassi and Dan McMurrer conducted research into PEOs.
A ProfessionalEmployerOrganization , 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 ProfessionalEmployerOrganization because they worry that the PEO will gain control of their company and employees.
A ProfessionalEmployerOrganization (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. Service Offerings Ensure the PEO provides the HR services your business needs.
As a broker-friendly professionalemployerorganization (PEO) , ExtensisHR strives to keep its partner community informed of the latest industry developments.
Some organizations may need to create or revisit their plan but are stretched thin. In this case, offloading the project to the benefits experts at a professionalemployerorganization (PEO) may be worth it. Open enrollment strategies can drive lucrative results but take time and resources to develop.
In fact, these tasks are just one reason why many small businesses partner with a professionalemployerorganization (PEO). 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.
Be prepared to answer questions New employees, and even those who are returning for the season, will naturally have questions about your organization. Some small businesses partner with a professionalemployerorganization (PEO) , like ExtensisHR, which has a readily available customer service team to field employee requests.
To do this, brokers are in a unique position to make an impact by connecting their clients with a professionalemployerorganization (PEO) solution. As we honor Womens History Month , its important to recognize the contributions of women and find new ways to support their businesses.
HRO vs. Other HR Solutions Companies exploring HR solutions often compare HRO with other approaches such as ProfessionalEmployerOrganizations (PEOs) , HR consulting, and HR software solutions. Focus on Core Business: By offloading administrative tasks, leadership teams can concentrate on growth and strategy.
How a professionalemployerorganization (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. Go back to strategic workforce planning, examining organizational structure and reviewing HR processes in rapid-growth periods.
Tandem HR announced the acquisition of The QTI Group’s ProfessionalEmployerOrganization (PEO) division on August 31, 2021. The QTI Group is a privately owned human resources and staffing organization providing staffing, recruiting, compensation consulting, and outsourced HR to businesses headquartered in Wisconsin since 1957.
What is co-employment? The National Association of ProfessionalEmployerOrganizations (NAPEO) defines co-employment as “the contractual allocation and sharing of certain employer responsibilities between the PEO and the client.”
For healthcare professionals, the demands of managing a practice can sometimes overshadow their primary mission: delivering high-quality healthcare. A professionalemployerorganization (PEO) can step in as a powerful ally, simplifying operations, reducing costs, and allowing medical practices to focus on what truly matters most.
Fortunately, one of the many built-in advantages brokers have when working with a professionalemployerorganization (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).
Diversity, equity, and inclusion (DEI) consultants : Firms or individual professionals who help businesses develop inclusive, diverse workforce policies and programs. According to the National Association of ProfessionalEmployerOrganizations (NAPEO) : 487 PEOs exist in the U.S. And the PEO industry is booming.
One of the biggest challenges is managing the employer-employee relationship, and this is where Employer of Record (EOR) and ProfessionalEmployerOrganization (PEO) services come in. In today’s modern workforce, it’s essential for companies to keep up with the latest trends and practices.
However, like any other organization, they also face challenges in managing their HR functions. That’s where professionalemployerorganizations (PEOs) come in handy! That’s why more non-profit organizations are finding solace by partnering with a professionalemployerorganization (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. Together, this equates to greater peace of mind that present and future HR needs are met.
Artificial intelligence (AI)-powered recruiting tools , which small businesses may access via a professionalemployerorganization (PEO) like ExtensisHR, can aid in this search by eliminating subconscious biases.
As industries evolve and competition for top talent intensifies, RPO offers organizations a strategic edge, allowing them to scale hiring efforts seamlessly while focusing on core business objectives and long-term growth.
But since most of the company’s business comes from the US, Remote decided to focus on developing additional products catered to employers hiring US-based employees. One-stop shop. With the expansion, “We want to offer everything you need to be able to function in the US,” van der Voort said.
Consider the HR outsourcing services offered by a professionalemployerorganization (PEO). If you answered “no” to more than one of the questions above, or were unsure, you may want to fine-tune your approach to manager engagement.
Then, in 2016, she made the decision to outsource her one-person HR department to ADP, one of the largest companies in the quickly growing market of ProfessionalEmployerOrganizations (PEOs).
The speed at which the business landscape is evolving means employers must quickly adapt to remain competitive; gone are the days of researching emerging trends and bookmarking them for later.
We work with accountants and other financial professionals, payroll service bureaus and processing agencies, benefit brokers, professionalemployerorganizations (PEOs), HR consultants, and franchisors. Choose from flexible partner options to find what works with your business and client needs.
Therefore, it’s no surprise the exploration of working with a professionalemployerorganization (PEO) has spiked in popularity. ExtensisHR maintains a 93% client retention rate and has been named among a select group of organizations with a Certified ProfessionalEmployerOrganization (CPEO) status from the IRS.
However, determining if, how, and when to adjust your business’s operations accordingly has the greatest impact on your organization’s success. With long to-do lists, its challenging for many small business HR professionals to find the time to do this.
The overwhelming logistics of employee relations often drive start-ups to outsource HR functions to a professionalemployerorganization (PEO). So what do start-ups do in the meantime?
Let’s explore the benefits of 1:1s, tips for managers to achieve collaborative success, and how partnering with a professionalemployerorganization (PEO) can help organizations with lean human resource (HR) teams access tools and resources to facilitate effective 1:1 meetings. What is a one-on-one meeting?
By partnering with a PEO, your company will save money in many ways. Navigating the world of ProfessionalEmployerOrganizations can be challenging with so many myths and misconceptions. Navigating HR , compliance , and employee benefits can be challenging for small businesses.
One of her favorite platforms is Justworks, a professionalemployerorganization (PEO) and payroll software geared toward small businesses. That’s why Larsen said she relies on HR tech. Justworks] cater[s] to small companies and gives us resources that we wouldn’t typically have,” Larsen said.
Yet, it’s not all doom and gloom, as brokers and their clients have access to professionalemployerorganizations (PEOs) to help them reinvigorate employee participation and provide the support necessary to help them do their best work.
An Administrative Services Organization (ASO) is a specialized third-party provider that helps businesses manage essential HR functions without assuming any employer responsibilities. Ideal For Small to mid-sized businesses looking for HR expertise without giving up employer authority.
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 professionalemployerorganization (PEO) partner with a history of proven success.
This is where partnering with a ProfessionalEmployerOrganization (PEO) can make all the difference. Simplifying Compliance Employment laws are constantly evolving, with updates to wage regulations, tax codes, and workplace safety standards happening frequently.
Below, explore what National Wellness Month is all about, the significance of promoting employee health and wellness, and discover how partnering with a professionalemployerorganization (PEO) can help your business achieve these goals. What is National Wellness Month?
If your small business has already joined a PEO (ProfessionalEmployerOrganization), then you likely already know the advantages of using a PEO model — for example, how companies using a PEO are 50% less likely to go out of business. What you might not know is that not all PEOs are created equal.
For many employers and their employees, the time for open enrollment comes and goes in the blink of an eye. 37% of employees wish they had more time to make the right choice , and 60% of those who regretted last year’s benefit choices said it was due to a lack of information and understanding.
Feeling overwhelmed by the number of professionalemployerorganizations (PEOs) on the market? In this blog, learn about ExtensisHR’s Employee Solution Center (ESC) and discover the benefits of having a responsive and knowledgeable support system that understands your unique needs and helps you easily navigate complex HR issues.
outsourcing some of their daily administrative burden to a professionalemployerorganization (PEO) could provide much-needed relief. These hardworking individuals focus daily on keeping the business operating smoothly, enhancing the company culture, and elevating the employee experience.
Brokers who partner with a professionalemployerorganization (PEO) provide their small- and medium-sized business (SMB) clients access to premium benefits at approachable costs, which are typically reserved for larger companies.
This is where a ProfessionalEmployerOrganization (PEO) can make a big difference. By partnering with a PEO, small businesses gain access to valuable HR resources , benefits , and compliance assistance , all of which can help improve employee satisfaction and retention.
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