article thumbnail

Understanding Professional Employer Organizations (PEOs): A Comprehensive Guide

Qandle

Professional Employer Organizations (PEOs) have emerged as a strategic solution for managing human resources effectively. What is Professional Employer Organization (PEO)? A Professional Employer Organization (PEO) is a company that provides comprehensive HR solutions to businesses.

article thumbnail

Wondering how to choose a professional employer organization (PEO)? Ask 7 questions

Insperity

Choosing the right professional employer organization (PEO) for your company is a huge project. So, before selecting a PEO, it can make a difference to find out: is this a certified professional employer organization? The IRS does not endorse any particular certified professional employer organization.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to lower employee stress about health insurance

Insperity

Health insurance is often the biggest-ticket item in any company’s benefits package, and the cost of health insurance rises on average each year , historically. Companies spend a lot of money, time and effort to make their benefits competitive and provide quality group health insurance plans to employees.

article thumbnail

Professional Employer Organization (PEO): Right for Your Business?

Business Management Daily

Professional employer organizations (PEOs) offer a cost-effective solution to this problem. Besides the cost savings, working with a PEO can yield many benefits to employers. NAPEO (National Association of Professional Employer Organizations) economists Laurie Bassi and Dan McMurrer conducted research into PEOs.

article thumbnail

The Difference Between Employer of Record (EOR) and Professional Employer Organization (PEO)

HR Lineup

One of the biggest challenges is managing the employer-employee relationship, and this is where Employer of Record (EOR) and Professional Employer Organization (PEO) services come in. In an EOR relationship, the EOR is responsible for administering employee benefits , such as health insurance and retirement plans.

article thumbnail

8 Considerations When Selecting a Professional Employer Organization

Insperity

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.

article thumbnail

How to contain employee benefits costs (and why most businesses struggle)

Insperity

The average private-sector employer spends an average of $2.65 per hour, per employee, for health-insurance costs, according to Sept. In 2021, employer expenses for health insurance are expected to rise by 3.9 percent, according to Mercer’s National Survey of Employer-Sponsored Health Plans.