Right now, PEOs provide services to around 175,000 small and mid-sized businesses around the country and employ approximately 4 million people. Over the past decade, hiring a professional employer organization has become a popular option for small businesses that need help managing various administrative details for their employees. But although they can help several businesses,… Continue reading PEO Pros and Cons: Is a PEO a Good Idea?
Author: mbowmer
July 23, 2022
Blog
The Ultimate Guide to PEO Insurance Policies
One report shows that 15% of small and medium-sized businesses with fewer than 99 employees are using the services of PEOs with much success. The same report says that businesses who use a PEO have 40% better revenue growth. With this kind of success, it’s no wonder that more and more businesses are considering using… Continue reading The Ultimate Guide to PEO Insurance Policies
June 30, 2022
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International PEO Companies: Is PEO a Good Idea?
PEO-utilizing businesses are less likely to go out of business than companies that don’t use a PEO. Because of this, international PEO companies have been growing in popularity over the past few years. A professional employer organization (PEO) provides administrative and human resources services to businesses. This can include payroll processing, benefits administration, risk management,… Continue reading International PEO Companies: Is PEO a Good Idea?
June 9, 2022
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What Is a Professional Employer Organization? Common PEO Myths
Professional employer organizations, or PEOs, are an integral part of the United States business community, having served about 173,000 US companies by the end of 2020. This led to the hiring of close to 4 million worksite employees who earned about $216 billion in wages during their tenure. It’s safe to say that most businesses… Continue reading What Is a Professional Employer Organization? Common PEO Myths
June 2, 2022
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Workman Compensation: An All-in-One Guide for Business Owners
There are on average 2.8 workman compensation claims per 100 workers. Workplace accidents can happen in any industry, so it’s important for businesses to insure workers. There are many types of policies available for business owners. Most states require this type of insurance by law, and it’s important for business owners to understand how it… Continue reading Workman Compensation: An All-in-One Guide for Business Owners
May 13, 2022
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The Top 12 Benefits of a PEO for Businesses
Every year, about 6.7 million people are hired by companies across the US, with only 1.4 million layoffs to pave the way for the new hires. Employees are the lifeblood of any business or organization and also its biggest asset. Unfortunately, some companies may lack the resources to accommodate a comprehensive human resource department for… Continue reading The Top 12 Benefits of a PEO for Businesses
March 30, 2022
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What Are the Differences Between PEO, HRO, and ASO Services?
In the US, HR outsourcing is valued at $9.7 billion. Outsourcing your company’s HR function can be valuable and enable many companies to scale. Small to medium-sized businesses can benefit greatly from an outsourced HR service provider. You’ve likely heard of PEOs, HROs, and ASOs…but do you know what each means? Or how each of… Continue reading What Are the Differences Between PEO, HRO, and ASO Services?
February 2, 2022
Uncategorized
How to Handle Work-Related Injuries in Six Easy Steps
Americans don’t put safety first. Roughly four million work-related injuries occurred in the United States in 2020. That’s nearly eight injuries a minute. Despite how common work-related injuries are, few companies have plans for them. If you want to keep workers safe and avoid hefty fines, you need a plan right now. What should you… Continue reading How to Handle Work-Related Injuries in Six Easy Steps
February 1, 2022
Blog
Workers Compensation Board: Function and Purpose
The workers’ compensation insurance industry was valued at $56.8 million in 2021. There are many work-related illnesses and injuries that occur. Worker’s comp protects employers and provides care for employees in these situations. It’s important for businesses to have proper workers’ compensation systems in place. Effective systems can provide funds for medical expenses and wages.… Continue reading Workers Compensation Board: Function and Purpose
December 9, 2021
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What Are the Differences Between the Services Offered by an HRO, ASO, and PEO?
The human resources outsourcing (HRO) industry is expected to be worth $45.8 billion by 2027. Instead of doing human resources internally, many small businesses are learning the benefit of outsourcing some or all of their HR services. Outsourcing HR services are a cost-effective solution for small businesses instead of hiring a full-time employee to manage… Continue reading What Are the Differences Between the Services Offered by an HRO, ASO, and PEO?