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How professional employer organization (PEO) pricing works

Insperity

If you’re considering entering into an agreement with a professional employer organization (PEO) , chances are you have questions about how PEO pricing works. Employer overhead (in excess of compensation) typically costs between 1.25% and 1.4% of an employees’ salary, according to the U.S.

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Your HR budget: 6 line items to prioritize right now

Insperity

Higher salaries for existing employees According to a Willis Towers Watson (WTW) survey that garnered approximately 28,000 responses from companies in 135 countries, including 1,550 U.S. In a tight labor market, salary increases are simply a savvy move to remain competitive and combat turnover. 6 HR budget items to prioritize 1.

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Pay transparency: What you should know

Insperity

This can include identifying salary ranges in job postings, providing the pay scale for an employee’s position upon request or implementing formal policies around internal pay transparency within the organization. The information to be shared also varies – from providing salary ranges to sharing detailed compensation data.

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5 PEO services you might not know exist

Insperity

You probably know that a professional employer organization (PEO) can help you with benefits and payroll. Many PEOs offer several services that can be just as, if not more, beneficial to your employees and organization. Did you know that a PEO may offer compensation services, beyond salary surveys?

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Crucial HR KPIs to measure in today’s workplace

Insperity

In addition to recruitment costs, salary offsets for employees who live in areas with a lower cost of living could represent a savings on the balance sheet over time. For example, a hire in California may command a $100,000 salary, but a comparable hire in Tennessee may only cost $60,000.

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Furlough vs. layoff: What’s the difference, and what do employers need to know?

Insperity

To maintain compliance with the Fair Labor Standards Act (FLSA) , exempt workers must be paid their full salary for any week in which they perform work. And if exempt employees only work a partial week due to a government shutdown, you likely still need to pay them a full week’s salary. Are you in search of a PEO?

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A Quick-Start Guide to Creating a Salary Structure for Your Company

Insperity

Having a solid salary structure makes it easier to manage your salary expenditure. If you’re considering creating a salary structure, here are a few tips to help you get started. The first thing you should do is figure out the value of each position in your organization. Establish value for each position in your company.

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