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[Infographic] What can a PEO do for your business?

Insperity

This may include: Health insurance 401(k) retirement plans Healthcare FSA/HSA programs Life/disability insurance 2. Relief from payroll and HR administration overload Pass off your daily HR duties – like administering benefits, managing employee paperwork, processing payroll and tax reporting – to a group that specializes in HR.

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6 common PEO myths debunked

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payment of wages and payroll processing). developing an employee handbook or healthcare benefits administration). Thus you might fear that entering into a co-employment scenario with a PEO means you’ll have to give up decision-making power in your business as well as the ability to operate it the way you want.

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7 PEO benefits that can save you money

Insperity

In a nutshell, a PEO is an organization that enters into a co-employment relationship with your company, assuming many of your employer-related HR responsibilities, such as payroll and benefits. Working with a PEO can decrease your payroll-processing and related accounting costs. So, where are the savings? Retirement plans.

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Wondering how to choose a professional employer organization (PEO)? Ask 7 questions

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As a co-employer, the PEO you choose will ultimately take responsibility for payroll processing, providing workers’ compensation insurance coverage, providing an employee benefits package and a host of other sensitive human resources (HR) and administrative tasks. How are healthcare benefits funded?

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9 benefits of choosing the right HR technology for your business

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For example, are you hoping to reduce your payroll processing time by 25% in the next year? Maybe you’d also like to integrate time and attendance with your payroll system for a more seamless experience. Then, you should concentrate your search on platforms that facilitate payroll processing with integrated time and attendance.

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Your HR budget: 6 line items to prioritize right now

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Other HR investments can also impact the employee experience, such as: Leadership training Internal job fairs Mentor or job-shadowing programs Opportunities for collaboration and team building Additionally, many companies are focusing on “total rewards,” or those forms of payment beyond salary that help employees feel valued and improve their working (..)

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The Families First Coronavirus Response Act (FFCRA): What you need to know

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While noting that employees who can telework and certain healthcare providers and emergency responders aren’t eligible for the benefits described within this law, let’s take a closer look at each of the above items. of Labor’s draft instructions on how to access and administer payroll tax credits. How the Dept. Summing it all up.

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