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What is a PEO?

Insperity

This allows the PEO to handle functions such as payroll, benefits, tax remittance and related government filings. Joining a PEO provides you with workers’ compensation insurance coverage. Management of certain employee-related claims and provision of Employee Practice Liability Insurance (EPLI). One-stop shop.

Payroll 276
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7 Top HR Mistakes Companies Make

Insperity

Written policies and standard operating procedures are the boundaries that govern employee conduct. And because of the Health Insurance Portability and Accountability Act (HIPAA), it may be wise to store your employees’ health and welfare-related benefits information separately as well. HR mistake #5: Disregard for training.

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How to set up a payroll process: 10 steps

Insperity

Not only do you have to figure out the proper way to pay your people, you have to withhold the appropriate taxes, deposit them and report them to the government. Also, there are some states and local governments that require separate ID numbers in order to process taxes. Gather W-4s from employees. Test and run your first payroll.

Payroll 264
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6 big soft cost savings associated with HR outsourcing

Insperity

Everyone wants less expensive benefits and insurance (and without having to scale back on coverage). Sound recruiting and onboarding practices Your recruiting and onboarding practices should be well established and consistent. Your HR outsourcing partner can also facilitate effective orientation and onboarding sessions.

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10 signs your business needs a PEO

Insperity

Think about the last time you onboarded a new hire. If they get sidetracked and forget to enroll by the required date, it could cause them and their dependents to miss out on health insurance until open enrollment rolls around. These tricky areas (and other HR-related government compliance issues) require a lot of attention.

Payroll 189
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Hiring again after wide-scale layoffs

Insperity

Your HR team is able to absorb the volume of new hires and ensure that they’re setting up these individuals for success during the crucial onboarding period. Then it takes 60 to 90 days, on average, to fully onboard each new hire, integrate them into their roles and the company culture, and have them ready to work.

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Can you outgrow a PEO? Why middle market businesses partner with PEOs

Insperity

These administrative tasks include addressing issues related to: HR-related government compliance and reporting Benefits and COBRA administration Leave of absence compliance and support (FMLA) Employee relations issues. Meanwhile, as employee headcount rises, your HR infrastructure must scale and become more specialized.

Payroll 246