The acronym PEO stands for professional employer organization peo, a business model designed to help companies handle critical but time-consuming responsibilities such as managed payroll, benefits administration, compliance, and human resource management. Many business owners first come across the term when they’re overwhelmed by the challenges of managing employees and looking for cost-effective solutions. Understanding …
Having a professional employer organization (PEO) for your business creates opportunities your company may not have been open to them before. When you are hoping to grow, focus your efforts on developing new products and services, and need help with your company’s human resources needs, a PEO could be the solution you have been looking …
Promoting diversity, equity, and inclusion (DEI) in your work environment is essential if you hope to retain the top-performing talent in your industry. Having a diverse workforce is essential, and far too many workers feel the need to modify their appearance or conduct to fit in with the culture in their workplace. Having your professional …
If you are the owner of multiple small businesses, you do not need us to point out you have your hands full. Obviously, you are a person who enjoys “doing”–but that does not mean you enjoy or have the time to fulfill every role your businesses demand. The administrative duties for one company alone can …
“Growing the business” is the goal for most business owners. Expansion is a sign your business is thriving. However, if the business expands across state lines, or even if you are just starting your business and performing services or hiring workers across state lines, you can run into significant complications. Employee management operations regarding hiring, …
Employee leasing is similar to a staffing service, and it can be provided by many different companies. It allows small and midsize companies to share some of the most important legal and labor burdens of hiring personnel without needing an HR department of their own. Employee leasing can also offer different benefits for both employers …
The Affordable Care Act (ACA) can benefit your small business in several ways; you just have to know how to comply with the requirements. But when you’re a small business owner, you don’t always have the time to sit and read through pages and pages of regulations. That’s where a professional employer organization can help. …
There are hundreds of payroll providers operating in the U.S. The selection of a payroll provider can take another chunk of time from your already busy schedule, especially if you are researching the idea for the first time. To simplify the process of choosing a provider that is right for your business, we have compiled …
Professional employer organizations (PEOs) are popular with small- to medium-sized businesses because they offer great value to those businesses. One of the most popular PEO services is obtaining and administering employee benefits packages. Instead of having an adversarial relationship, PEOs and insurance brokers can cultivate a relationship that is beneficial to both parties. The first …
A professional employer organization (PEO) provides human resources, payroll, benefits, finance, regulatory, and administrative assistance to small- and medium-sized businesses. When you work with a PEO partner, you can engage all of their services or just choose a few. With a PEO, you don’t have to have an in-house HR person if you don’t have …
It’s a little-known occurrence, but there are professional employer organizations (PEOs) out there engaging in “scooping.” This occurs when the PEO charges their agreed-upon percentage of the employee’s full salary, pays the required taxes on the lower, post-deduction salary, then takes the remaining money. It’s legal, but it is certainly unethical and unacceptable. How Scooping …
Professional employer organizations (PEOs) provide valuable human resources, administrative, and finance support for small- to medium-sized businesses. When business owners can rely on a PEO to handle payroll, compliance, and benefits, they can focus on their actual business. PEOs prove so beneficial because they provide a team of professionals with specialties customized to the needs …
When it comes to being able to offer your employees health insurance, your options can feel vast and limited at the same time. Between federal and state requirements and the cost of health insurance, this process is overwhelming for small business owners. PEOs have access to custom health insurance policies. That can be a boon …
When a business enters into a partnership with a professional employer organization (PEO), it also enters into a co-employment relationship. The two companies share legal obligations and responsibilities in regard to the employees. The business owner(s) continue to own and maintain all business operations, but for the purposes of processes such as payroll, obtaining and …
More than 175,000 small- and mid-size businesses across the U.S. utilize Professional Employer Organizations (PEOs) in some form or another. So, PEO agreements are quite common. There are PEOs in all 50 states and they are a practical resource for companies across industries. Just one call to NetPEO at (678) 841-7195 can connect you with …
When you hire a PEO to help you with your business, you may be wondering what kind of responsibilities they have. For instance, does the IRS recognize a PEO as your staff’s employer? Or is that still your responsibility? One question you may have is whether your PEO is required to have an active workers’ …
You may be considering teaming up with a PEO to help your business. While this is undoubtedly a great decision, you may be feeling worried. How will it work to change from your current system to a PEO arrangement? Will there be any interruptions in your business? Will your employees have interruptions in their payroll? …
If you’re worried about how a PEO arrangement could affect control of your employees, you first need to decide what you want your PEO to handle. It can be a full-service package, but it doesn’t have to be. For instance, do you want your PEO to handle tasks that directly affect your employees, or would …
No matter whether you run a small or a large company, every company can benefit from the kinds of workforce solutions a PEO can provide. And which solutions you choose to take advantage of is entirely up to you. Maybe you want a PEO to be as hands-on as possible, handling all the minutiae so …
When you’re concerned about how a PEO arrangement will affect your employees, you first must consider how your business is affecting your employees right now. Do they have top-of-the-line benefits? Do you handle their HR concerns in a timely and orderly fashion? Do they have any concerns that the company they work for is doing …
A professional employer organization (PEO) can help both you and your employees by making your business a better place to work. And not only can a PEO help you find more qualified candidates, but it can also help you retain employees once you find the good ones. A PEO can help you develop your job …
Most PEOs are private companies. However, the state in which a PEO does business may have certain laws requiring PEOs to provide audited financial statements. The PEO industry recommends that PEOs routinely provide audited financial statements so that the industry has a more accurate record of the internal workings of each PEO. These audited statements …
Most professional employer organizations (PEOs) are private companies. Therefore, their financial statements are not available for the public to review. That said, you should still do a thorough job researching PEOs before you decide to partner up with one. Similar to any other business out there, you should be able to find information on a …
Running a small business takes a lot of work on its own, let alone running a business during a pandemic. Enter COVID-19. Now, things become particularly complicated. You may have already been struggling to find the time and resources to handle HR and accounting tasks. Now, with a COVID-related decrease in income, you may find …
PEOs do not necessarily need a license to provide your employees with insurance benefits. However, state law may dictate they do, depending on the PEO’s state. Both state and federal labor laws give PEOs their power. Depending on the state, a PEO may only have permission to set your employees up with workers’ compensation or …
