Small Business, Big Ideas
(And a Few Laughs Along the Way)
Your go-to blog for tips, tricks, and the occasional dad joke about running, growing, and loving your small business. Seriously helpful. Seriously fun.
How PEO Helped Business During the Pandemic
It goes without saying that the COVID-19 pandemic has affected everyone, including businesses. A lot of companies did cost-cutting as well as lay-off some of their employees. These decisions are hard to make for all business owners. However, the pandemic left them with no choice.
The pandemic has also proved how important it is for a big or small business to have a PEO.
Despite the world being in an unfortunate crisis, PEO has helped companies with their administrative and human resources-related tasks.
5 Misconceptions of Professional Employer Organizations
Over the last decade, we have just about heard every question known to man about Professional Employer Organizations. So we thought we would put together the top 5 that we hear the most often. Here they are.
Should you be in a Professional Employer Organization?
Did you get a bad renewal this year on your health insurance? Does your workers’ compensation keep increasing? If answered yes to either of these questions, then you should probably look at a Professional Employer Organization. Not sure what a Professional Employer Organization is, that’s ok. By the end of this exactly what a PEO is.
It's renewal season again. Should you look at a PEO?
It’s that time of the year again when most companies are having their open enrollment. This oftentimes means headaches for HR, Business Owners, and Employees, because of higher premiums, lesser plan options, and lastly all of the administration. There is an easier way to handle your benefits.
(HRO) Human Resource Outsourcing: Lifting Small Business Burdens
Human Resource Outsourcing (HRO) takes all or some human resources tasks and hires a third-party source to administer it. An HRO might be contracted to conduct payroll and the subsequent taxes associated with it. It could also handle all employee benefits. Unlike a Professional Employer Organization (PEO), the HRO is usually an a la carte service provider, handling what a company needs instead of bundling all services.
What is a PEO?
A Professional Employer Organization (PEO) is a company that serves as a human resources partner for businesses that want to outsource the tasks and reduce costs. To legally administer many of the roles, the PEO becomes a joint-employer through employee leasing, meaning that they are the employer of record. This gives the PEO both the ability to manage employees and shared liability