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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. You will have to find another professional for this duty. Read along to find out. What is a PEO. Save Money. Conclusion.

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

Insperity

With that success comes the question: When should you hire a human resources (HR) manager? This typically involves a team responsible for people management, setting up benefits and payroll , helping with the company’s culture and making sure compliance is being met. They work directly with management. The in-house team.

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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. As a result, they’ll be happier, healthier contributors to your organization.

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The business challenges that make it hard to be an employer

Insperity

Here’s an overview of those key issues – compliance, risk mitigation, retention, workplace culture and customer relationships – plus a few tips on how employers can successfully navigate them. Compliance and risk management. Among the top business challenges for employers are those related to managing compliance and employment risk.

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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.

Payroll 98
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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).