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
As employment laws, tax laws and health care reform continue to change at a rapid pace, it can be difficult for business owners to keep up. If you are weighing the option of outsourcing human resource (HR) duties through a co-employment relationship, here are eight important things to consider when selecting a PEO: 1.
In order to better allocate time and resources, many small businesses are choosing to turn over employee-related tasks to a professionalemployerorganization (PEO). Providing professional HR advice. Keeping an eye on the government.
It’s everything having to do with your team members, including your people strategy and management of the employment experience – from guiding the workplace culture to attracting and retaining the best talent, developing talent, enhancing employee wellbeing and inspiring morale, engagement and productivity.
As an employer you shoulder a lot of responsibility, especially when it comes to employee compensation. Not only do you have to figure out the proper way to pay your people, you have to withhold the appropriate taxes, deposit them and report them to the government. Calculate payroll, and don’t forget deductions.
There’s been a lot of discussion in the HR outsourcing world about certified professionalemployerorganizations, or CPEOs. Essentially, it might provide you further peace of mind when working with a certified professionalemployerorganization. What are they and why does it matter, you may be asking.
Have you considered outsourcing your business’s HR to a professionalemployerorganization (PEO)? Keeping up with HR-related government compliance can be another tough spot for small business owners and it’s not just about payroll anymore. If not, maybe you should. Employees quit on short notice.
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. In times of business hardship, it’s crucial to understand how choices like whether to furlough or lay off employees will affect your organization now and in the future. Are you in search of a PEO?
Employers can face under-withholding penalties from federal, state and local governments. You may want to make sure you haven’t already been assessed for an employer penalty for not updating tax tables by the February deadline. Guidance with HR-related government compliance. Invest in the bigger picture for your business.
With a professionalemployerorganization (PEO), also known as HR outsourcing, you can turn over many of your business’s time-consuming HR tasks to a dedicated team of HR specialists, so that you can concentrate on your more profitable responsibilities. Help keep you in compliance. And then it’s too late.
But if it seems like it’s harder to run an organization now than in the past, your perceptions are correct. Factors that contribute to the complexity employers face: Increasing business regulations at all levels of government, A patchwork of rules for operating in different states and regions New expectations from employees and customers.
Know the state-specific employment rules and regulations. Beyond pay, there are many other regulations governingemployment in each state. These state-specific regulations may govern: Rest, meal and/or lactation breaks and days of rest. Signage and notices to employees.
You’ve decided that HR outsourcing can help your business grow, and you’re ready to hire a professionalemployerorganization (PEO). Suddenly, payroll, benefit plans, recruiting support, performance management and certain employer liability issues are no longer time-sapping tasks. One word: fear.
government passed a significant piece of legislation: the SECURE 2.0 workers better prepare financially for retirement, at every stage of their employment journey. government is paying employers to set up retirement plans and contribute to them. In December 2022, the U.S. The SECURE 2.0 Essentially, the U.S.
Government intervention. Regulations from federal, state and local governments continue to grow year-over-year, creating new compliance concerns for companies. And technology, government oversight and demographic changes will continue to shape how HR operates. Emerging trends to watch.
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.
But by ignoring your employer responsibilities to employees, you could cause a rift in your workforce and create potentially costly legal battles. Fortunately, many of these concerns can be alleviated by outsourcing to a ProfessionalEmployerOrganization (PEO). Here are seven scenarios where a PEO can come in handy.
They are when you outsource your heaviest HR burdens to a professionalemployerorganization (PEO). In a nutshell, a PEO is an organization that enters into a co-employment relationship with your company, assuming many of your employer-related HR responsibilities, such as payroll and benefits.
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.
The nuances between what legally constitutes a person and an employer aren’t always clear-cut when it comes to FLSA compliance. The consequences can be devastating both professionally and personally if you are found in violation of the FLSA. Download our free e-book, Employment Law: Are You Putting Your Business at Risk?
As such, it’s critical for your business to stay current about changes and updates to applicable employer-related laws and trends. When it comes to government-related HR issues, even unintentional non-compliance can cost you big. On an annual basis, make sure all employees review your employment policies and guidelines.
We have to make things right with the government, the public, our customers, our employees. Read our free guide: HR Outsourcing: A Step-by-Step Guide to ProfessionalEmployerOrganizations (PEOs). "Our company was dishonest. we have totally screwed up. " Remember, we all make mistakes.
That’s why you should consider hiring a PEO (professionalemployerorganization) for your nonprofit. Also, small- and medium-sized nonprofits may not be able to afford the same plans as larger organizations. One challenge we hear repeatedly from nonprofits is that their executive team, governing body, board members, etc.
Learn everything you ever need to know about ProfessionalEmployerOrganizations (PEOs) in this free guide. Larger employers may also have the option to self-insure. These systems are complex and governed by state laws. Considering a PEO? What is workers’ compensation?
For instance, an online time tracking system that ties to your payroll and government reporting systems can save significant time and improve accuracy over manual tracking and handwritten reports. Download our free e-book, HR Outsourcing: A Step-by-Step Guide to ProfessionalEmployerOrganizations (PEOs).
You’ll set goals for both organizations individually and jointly, decide on your measures of success , and begin to outline roles and responsibilities in the alliance. This is also known as a governance model. Think of your governance model as your roadmap for mutual success.
Much of social media can seem like a high-tech version of the Wild West these days, with emotions running high and few hard rules to govern what’s happening. However, the First Amendment only protects individuals from government interference in what they say. It’s different for private employers.
For the most up-to-date information, please visit the following government websites: Workplace vaccination program – Centers for Disease Control and Prevention (CDC) COVID-19 vaccination distribution process – U.S. Essential resources for COVID-19 vaccines and the workplace. Incentivizing vaccines.
You can also get outside support from an employment lawyer or professionalemployerorganization (PEO). These focal points aren’t mutually exclusive. You can start by finding a reliable source for news and best practices, such as your state’s nonprofit association. Challenge 2: Volunteer and employee classification.
Are you uncertain about how to find the most suitable professionalemployerorganization (PEO) for your company? Deciding which one offers the best service , the greatest value and the type of expertise that your organization isn’t always so simple. Have you explored all your options? Be a well-informed buyer.
Other employees are unable to work because: They’ve been exposed to, show symptoms of, or test positive for COVID-19 and are thus under a quarantine or isolation order from local/state/federal government – or have been advised to quarantine or self-isolate from a health-care provider. Expansion of unemployment benefits.
Major hard cost savings can be linked directly to utilizing an outsourced HR provider, such as a professionalemployerorganization (PEO). HR compliance If you have offices in more than location , you know how complicated adherence to the patchwork of employment laws can be.
These administrative tasks include addressing issues related to: HR-related government compliance and reporting Benefits and COBRA administration Leave of absence compliance and support (FMLA) Employee relations issues. Meanwhile, as employee headcount rises, your HR infrastructure must scale and become more specialized.
The penalties for non-compliance can be severe, including lengthy government audits and investigations, costly fines and damages to a company’s reputation. Partner with a professionalemployerorganization (PEO). Therefore, compliance is one of the most important aspects of HR infrastructure.
It may seem like a new set of rules to govern an already challenging task would just become an additional burden. Usually, HR professionals own and implement a company’s hiring policy. In the end, all the stakeholders need to find consensus before making a job offer. In a word, hiring people can be stressful.
Klout was once the leader in this niche industry but shuttered its operations in May 2018 due in part to new federal rules governing how companies can collect data and how they can use it. It doesn’t mean that you have to go it alone, however.
Yours might have formed and evolved organically, but it’s important to be deliberate and thoughtful about your organizational structure – particularly as headcounts increase and the company grows increasingly complex. What is an organizational structure, and why is it important?
A professionalemployerorganization (PEO) or certified professionalemployerorganization (CPEO) can provide your business with many benefits, including assistance with government-related HR compliance issues.
Off-site HR pro s at a ProfessionalEmployerOrganization (PEO) can help to set up and enforce timekeeping policies that take the burden off you, the business owner while ensuring accurate record keeping. Human Tall-Tales.
Since tracking employee health information is a fairly recent phenomenon, there is little legislation governing it. Download our free e-book, HR Outsourcing: A Step-by-Step Guide to ProfessionalEmployerOrganizations (PEOs). What’s possible? Information about employee health can be gathered in a number of ways.
From paid family leave and hiring to safety and sick leave – and all the many points in between – federal, state and local governments are forever changing what constitutes a company’s responsibility to its workers. These ever-changing laws and regulations have always represented a potential quagmire for companies, and now is no different.
Is there a government office on the floor above you? Download our free e-book: HR outsourcing: A step-by-step guide to professionalemployerorganizations (PEOs ). Do you rent space in a downtown office building with security guards provided, or are you in a warehouse in a rough industrial district?
A professionalemployerorganization (PEO) can mitigate and manage your business’s HR-related risks, which can lead to a healthier, more prosperous acquisition. Rounding out your list are likely things like compliance law, worker’s compensation, payroll administration and company culture.
This reconciliation helps identify any discrepancies and ensures the organization’s financial records accurately reflect the payroll transactions. Organizations must file various tax reports to relevant government agencies. Timely and accurate filing is essential to avoid penalties and maintain regulatory compliance.
another economic downturn would certainly be frowned upon by society, but there are steps you can take to ensure your candidate pipeline doesn’t dry up, and it all starts with a ProfessionalEmployerOrganization (PEO). Indeed, a PEO can help you continue to be an ace recruiter. Craft Me a Job. Keep it Legal.
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