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The PEO Industry in 2020 & Beyond: What The Next Decade Holds

Genesis HR Solutions

Like almost every other industry, professional employer organizations (PEOs) have been forced by the global pandemic to ask themselves this question. Get an in-depth look at professional employer organizations and why you should consider partnering with one. “What is our industry’s new normal?” million to 3.7

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The Coronavirus Aid, Relief and Economic Security (CARES) Act: An employer’s guide

Insperity

Known more commonly as the CARES Act , the legislation was signed into law on March 27, 2020, and went into effect immediately. Please also note that any relationship with a professional employer organization (PEO) does not impact an employer’s eligibility for a loan under the Paycheck Protection Program.

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The Families First Coronavirus Response Act (FFCRA): What you need to know

Insperity

. – which was passed by Congress and signed by the President on March 18, 2020 – went into effect on April 1, 2020, and sunsets on December 31, 2020. Employer tax credits. Covered employers qualify for dollar-for-dollar reimbursement through tax credits for all qualifying wages paid under the FFCRA.

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What is co-employment?

Abel HR

But, alas, 2020 has rolled around and suddenly folks are talking about the concept of co-employment. The National Association of Professional Employer Organizations (NAPEO) defines co-employment as the “contractual allocation and sharing of certain employer responsibilities between the PEO and the client.”

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Benefits Working Parents are looking for in 2022

Abel HR

One increasingly popular option is to provide subsidies to help employees offset the cost of childcare, such as starting a fund where employers can defer pre-tax dollars and you provide a percentage or maximum contribution. These PEOs pool their combined client list to have greater negotiating power in the insurance market.

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An in-Depth analysis of the Best HR software solutions and how to pick one

Business Management Daily

Tax forms Job application Offer letter Performance reviews Disciplinary actions Time cards Resumes Medical records Pay stubs Signed employee handbook Benefits information PTO forms As you can see, every employee involves a ton of recordkeeping, which will quickly become incredibly cumbersome without a centralized software system to store it all.