This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
One solution is a professionalemployerorganization (PEO) , an HR outsourcing option that performs the most comprehensive set of HR functions. While the business retains control over day-to-day operations, the PEO engages with employees on HR issues and ensures compliance with employment requirements.
The good news: There’s help out there – it’s called a professionalemployerorganization (PEO). These organizations can work with your company to provide comprehensive and affordable payroll, benefits and human resource services through a business-to-business relationship called “co-employment.
From employment issues and complicated compliance updates, it’s easy to get overwhelmed. This is where a professionalemployerorganization (PEO) can come in as a partner to assume many of your employer related HR responsibilities, freeing up time for you to focus on bigger-picture goals.
This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexible spending accounts, retirementplans and more. Offer disabilityinsurance for added peace of mind. Make a 401(k) plan available to them.
You can also ask for references and check for disciplinary records by calling your state insurance commissioner’s consumer hotline. Use an HR outsourcing company (such as a PEO or ProfessionalEmployerOrganization). To find out more about what a PEO can do for your company, visit Insperity.
Benefits platforms also allow companies to centralize and automate the administration of employee benefits, such as health insurance, retirementplans, paid time off, and more. Flexibility in Benefits: An employee benefits platform can provide greater flexibility in the benefits employers can offer their employees.
Standard” benefits may include: Health, dental and vision insuranceRetirement savings plan, with a company match Life insuranceDisabilityinsurance Workers’ compensation insurance Paid time off (PTO) – two weeks per year at a minimum, three weeks per year preferred.
At the end of this article, we’ll explain how a professionalemployerorganization (PEO) can help you select, negotiate, and administer best possible benefits for your company. There are four major types of employee benefits many employers offer: medical insurance, life insurance, disabilityinsurance, and retirementplans.
Unemployment insurance. Disabilityinsurance (required in California, Hawaii, New Jersey, New York, Puerto Rico and Rhode Island). Life insurance premiums are typically affordable for most businesses. Disabilityinsurance – This replaces income for employees who become unable to work because of sickness or accidents.
Other types of insurance If an employee loses their ability to earn an income on a temporary or permanent basis, certain types of insurance can help protect their families and livelihoods. Disabilityinsurance , provides employees with replacement income and pays for medical bills if they become disabled and are no longer able to work.
. - peoplekeep.com Unlocking Tax Advantages Many employee benefits offer tax advantages for both employers and employees. For instance, contributions to health insurance premiums and retirementplans can be tax-deductible for employers, while employees may receive these benefits tax-free.
We organize all of the trending information in your field so you don't have to. Join 46,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content