As a small company grows, you will eventually be required by law to provide health insurance for your employees. Under current US federal law, this happens when you have 50 employees or more, although many businesses will choose to do it sooner. Either way, once it’s time to get insurance, your company will have two …
PEO sale is industry shorthand for a PEO Sales Executive or PEO Sales Consultant, the person in charge of selling a PEO’s services and making sure that clients’ needs are met. In many ways, this position is similar to an account manager, but because most clients are C-suite at growing businesses, it requires a strong …
PEO stands for Professional Employer Organization. A PEO service is a firm that acts as your workers’ “employer” and handles all employment and HR matters for your work force. They leverage this arrangement to provide dramatically lower healthcare and insurance costs, as well as streamlined costs on HR services. Typically, a PEO charges either a …
Many companies, especially smaller businesses, can struggle to provide HR services on par with larger corporations. One solution for this issue is to sign a co-employment agreement with a PEO, or professional employer organization. There are many services that a PEO can provide for a client company — including HR administration services like recruitment, assistance …
Cost is one of the most important considerations when looking at a potential PEO (Professional Employer Organization) partner. For most companies considering PEOs, HR needs have become either costly or excessively complex, or the organization wants the risk-management benefits of having a professional handle HR. This means that the PEO has to make a case …
PEOs and staffing companies both offer HR solutions for businesses, but the sorts of services they provide are very different. PEOs offer a wide range of HR outsourcing solutions to ease the burden of paperwork for small- to medium-sized businesses. Staffing companies, on the other hand, offer one option for businesses looking to add workers …
Many people confuse an employee leasing agreement with the co-employment agreement that you sign when you partner with a PEO. After all, both arrangements can alter how you hire and retain employees. The difference lies with your responsibility to the employee under each type of agreement. If you decide that partnering with a PEO is …
If you’re considering partnering with a PEO, you may be curious how the relationship is going to affect your bottom line. After all, there’s no sense moving forward with the partnership if it’s not going to help your business grow. When it comes to comparing similar businesses, companies that partner with a PEO tend to …
If you run a business and are considering for expanding your operation, you may be curious about what options are available to help you. You may have heard about staffing agencies and PEOs but aren’t sure if they are the same thing. A staffing agency is a different sort of entity than a PEO, which …
A professional employer organization (PEO) handles your company’s payroll through the co-employment relationship. PEOs have accounting professionals who can distribute checks, monitor work time, and keep the company’s accounting books current with expenses and income. Entrepreneurs start companies because they are passionate about their industries and do not want to spend hours poring over complicated …
Are you a business owner looking to streamline your operations and enhance your employee benefits package? You may be wondering about the benefits of a PEO (Professional Employer Organization). Many companies turn to PEOs when they need to grow their company quickly but don’t have the administrative staff or experience to do it. In this …
