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.
Are you getting the most out of your Professional Employer Organization (PEO)?
Had a call the other day with a CFO and learned that they had been using a Professional Employer Organization (PEO) for almost four years, and had not utilized many of the services the PEO offered.
We see often that companies will join a PEO, but never fully take advantage of the services the PEO offers. So, we thought it would be a great idea to put together a quick list of the services that a lot of companies do not utilize in their PEO.
What Happens If I Get a High Benefit Renewal in PEO?
If you are in a Professional Employer Organization (PEO) you likely joined in part or whole because of the PEO’s benefit plans. PEOs are known for giving access to affordable benefits from national carriers like Aetna, Blue Cross Blue Shield, Cigna, and United Healthcare.
PEOs typically have significantly lower yearly benefit renewals for a few reasons, but mostly for their buying power with the carriers. Remember the Law of Large Numbers is always present in any type of insurance, this is no different. The more people on a benefit plan, the less risk, and more leverage for the PEO.
Are you getting hosed by your Professional Employer Organization?
If you are in a Professional Employer Organization, then you already know the upside. What you might not know is if you are getting the best price for your PEO. If you don’t know if you are, then you should read on.
Most people join a Professional Employer Organization and don’t ever think about the fees and costs associated with their PEO billing. Better yet a lot of times, people join a PEO and have no idea what their actual PEO fees are. And in many cases no idea how to figure out their fees.
How to get Health Insurance when you are the only employee?
If you're a Sole Propeitor, Solopreneur, or have under 10 employees - this is a MUST read. Quick read on how to get affordable, quality nationwide health insurance from the largest carriers in the world. Sound good so far, keep reading.
How much should you pay for a PEO?
Ever wonder how much you should be paying for a Professional Employer Organization (PEO)? We examine the PEO's services and diffreniate the value versus the price.
Should you increase salaries or pay overtime?
This week Dan Sheridan, President of Extensis - a leading Professional Employer Organization is our guest blogger. Dan tackles Fair Labor Standards Act (FLSA) separates fact from fiction and provides real-world advice. Learn more about FLSA and if you are compliant.