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 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.
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.
PEO Insurance: Better Employee Health Option?
Get most competitive packages through complete information.
The idea of starting and running your own business can be exciting. New innovations and ideas propelling sales and brand recognition are all part of the fun.
But not everything is fun for small business owners. As health insurance laws changed with the Affordable Care Act, many small and midsized business owners found themselves against the financial ropes, fearing closure due to new demands for employee health care.
(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
What are the five kinds of insurance plans and what's the difference between them?
Let’s assume for a second that you're not an expert at health insurance. You probably wouldn't be able to explain the difference between a HMO, an EPO, a POS, a PPO, and an HDHP.
If this doesn't sound familiar, it's because you had better things to do since the last time you worried about insurance. But now you're deciding which insurance plans you want to offer your employees and acronyms are popping up everywhere. This handy reference guide will help make sense of the insurance literature you've been going through.