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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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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. Conclusion.

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

Insperity

PTO payout. Laid-off employees are removed from the payroll and, in states that require it, must be paid for any unused paid time off (PTO) they have accrued with their final paycheck. You can allow employees to use PTO during the furlough, but you’ll likely want to consider the pros and cons of this option.

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Overworked employees: 6 warning signs to watch for

Insperity

You’ll also want to collect some more information about the employee’s workload or consider hiring a professional employer organization, or PEO , to dig deeper into your organization’s processes for managing workflow. Send out regular salary surveys to see how your organization stacks up.

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COVID-19 vaccinations for employees: Can employers mandate it?

Insperity

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. Some tips: Incentives might be anything from gift cards to additional paid time off (PTO). Recommending vaccines.

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Employee terminations 101: What to say and do when it happens

Insperity

This may vary depending on a specific company and its organizational structure and culture, but generally the following parties should be present when an employee is terminated: The employee’s direct supervisor or manager A third-party witness (for example, the manager’s manager or a human resources [HR] professional).

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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. Provide state unemployment and COBRA information. This is an opportunity to learn why the employee is leaving and what your company could have done differently, which can inform future improvements. Conduct an exit interview.

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