Currently, about 250,000 American businesses turn to the human resources support offered by a PEO, or Professional Employer Organization. That number is likely to go up significantly in the years to come, as the National Association of Professional Employer Organizations has scored a huge win on Capital Hill. On December 16,...
There are nearly 29 million small businesses in operation in the United States, and these companies employ about 50 percent of all U.S. workers. The Small Business Association defines a "small business" as one with 500 or fewer workers. If you do an Internet search for insurance agencies or PEOs (Professional Employer...
I am a plumbing contractor and I have 12 full time employees. I want to offer health insurance, but only two of us want it and the others refuse to pay. Can I get coverage through a PEO? All PEO’s have participation requirements of some sort. Every company’s situation is unique,...
About 40 percent of small- to mid-sized businesses use a PEO. A PEO, or professional employer organization, serves businesses with an average of about 20 employees, but PEOs are set up to handle businesses in a wide range of sizes. PEOs operate in all 50 states, and specialize in human...
There are advantages to being a small company, such as agility and a lack of bureaucratic problems. But there are things that make it harder for small businesses, too, such as access to a fully-staffed human resources department. A PEO can make your small business as smartly staffed and well-oiled...
A professional employer organization (PEO) can be of tremendous benefit to small business owners who want to focus on core business processes while being certain that their human resources obligations are taken care of by committed professionals. But not all PEOs are alike, and choosing one can be overwhelming. Fortunately, PEO...
Starting your own business is one of the most exciting, empowering, and often scary things you can do. The risks are significant, but the potential rewards often outweigh those risks, and when this is the case, there's nothing better than being a business owner. But having a successful small business...
Being competitive in today's marketplace involves a lot of effort. Budgets are tighter, yet expectations are greater. Upper management expects more, employees expect more, and consumers expect more. The employee benefits you offer directly relate to your bottom line, because happy employees do good jobs and a job well done...
Besides saving money, what other possible reasons would I want to use a PEO? When you partner with a PEO there are several benefits. Focus on your core competencies - Outsource your non-revenue producing tasks and spend more time getting new customers and retaining existing customers. Have peace of mind - Outsource your...
Workers' compensation insurance rates were on the decline for years, but beginning in 2014, rates were on the way back up. Unfortunately, this comes at a time when businesses can't easily afford the extra expense. The economy is nowhere near fully recovered, health insurance costs to employers are on the...
