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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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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. To be competitive and boost your recruiting efforts, they need to be seen.

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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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Employee sabbaticals: Are they right for your company?

Insperity

First, paid time off (PTO) is typically given to all employees and follows a specific formula, such as two weeks’ vacation after the first year of employment. Will employees be able to pair a sabbatical with other types of leave, such as FMLA or PTO? Distinguishing sabbaticals from other types of leave.

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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.).