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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.

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The business challenges that make it hard to be an employer

Insperity

To craft a persuasive one, begin by clearly identifying the things in your business that will encourage top talent to sign on and stay, including: Good health benefits Competitive compensation Competitive leave options, including paid time off (PTO) Workplace perks ( flexible schedules , free lunches, snacks, etc.).

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People over perks: Bridging employee benefits with strong HR

Insperity

Standard” benefits may include: Health, dental and vision insurance Retirement savings plan, with a company match Life insurance Disability insurance Workers’ compensation insurance Paid time off (PTO) – two weeks per year at a minimum, three weeks per year preferred. A PEO, however, can ease much of the stress.

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What does PEO stand for in HR?

HR Lineup

A PEO also referred to as a professional employer organization, has continued to gain recognition mainly due to its benefits to small and medium-sized organizations within the United States. So, what does PEO stand for in HR, and what benefits does it bring to an organization? Read along to find out. Drug testing.

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What is a PEO?

Insperity

The good news: There’s help out there – it’s called a professional employer organization (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.

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Employee offboarding strategy: Saying farewell the right way

Insperity

Issue final pay, which encompasses the last paycheck, unused paid time off (PTO) and pending bonuses. How a PEO can help If offboarding preparation and all the associated tasks sound overwhelming, a professional employer organization (PEO) can serve as a valuable resource for businesses.

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When should you hire an HR manager, if at all?

Insperity

It’s best to have a strong HR presence early in your company’s life to establish company mission, vision, values, culture and vital HR infrastructure, which can have a lasting impact on the success of your employees and your business. Pros: An in-house team can have intimate knowledge of the company culture, mission and vision.