Voluntary Benefits Now Considered Essential

Posted by David Peasall, VP, Benefits and Human Resources on Aug 16, 2018 9:00:00 AM

Many employers offer voluntary benefits to supplement their core benefit plans. Supplemental insurance plans appeal to the changing and diverse workforce that has come to expect a comprehensive employee benefits package. To stand out in a competitive job market, employers are offering more choice and flexibility than ever before. Employees are responding by personalizing benefit programs to fit their needs.

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Topics: Human Resources

How PEO and Staffing Services Pair to Solve Business Challenges

Posted by Anna Leo Holder. MBA on Aug 9, 2018 11:00:00 AM

Professional Employer Organizations (PEOs) and staffing companies both support employers with specialized services to relieve administrative burdens, solve business challenges and enhance success. They do this in different, yet complementary ways. How do you know whether and when it’s best to leverage the services of a PEO and/or staffing company? Here’s a quick look at both models to help you successfully blend these services.

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Topics: PEO Services

Quiz: Is it Time to Partner with a Professional Employer Organization?

Posted by Jaime Moore on Jul 31, 2018 11:00:00 AM

Responsibilities can mount for owners of growing businesses and, in areas like human resources, many of those responsibilities don’t align with core business functions. It can be difficult to keep up with employment laws, manage HR risks and liability, handle payroll and payroll taxes and administer employee benefits, all while keeping the business humming.

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Topics: PEO Services

Florida PEO Trends in 2018

Posted by Anna Leo Holder. MBA on Jul 10, 2018 9:30:00 AM

Florida Professional Employer Organization (PEO) companies comprise about 14% of the industry, with close to 50 PEOs across the state. Florida, along with Texas, has the most PEOs in the nation. PEOs help their clients manage their businesses more effectively, avoid compliance pitfalls to create key benefits for the business. This also frees up time for business owners, allowing them to focus on things that are core to the business, such as operations and strategy.

A recent PEO study in Florida Trend Magazine shows:

  • There are approximately 1,000 PEOs nationwide.
  • The industry’s gross revenue is between $136 billion and $156 billion.
  • PEOs have grown 15% to 25% in recent years.
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Topics: PEO Services

4 Advantages of PEO Companies for Small Employers

Posted by Anna Leo Holder. MBA on Jul 3, 2018 10:00:00 AM

Professional Employer Organization (PEO) companies are advantageous for businesses of all sizes, from those that have only one employee to those that have hundreds. Small employers realize cost savings in outsourcing HR administration to a PEO because PEOs spread costs across a larger pool of employees. With a PEO’s purchasing power and bundled services, employers often find that partnering with a PEO costs less than doing it alone or hiring the staff needed to cover all the bases.

With a long term PEO partnership, employers gain the benefits of deep HR support to manage and mitigate risk, lower rates on workers’ compensation insurance and relief from many of the administrative burdens of benefits and payroll administration. That means less time spent on HR management, fewer HR challenges and more time to focus on growing the business. Here are four advantages for employers:

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Topics: PEO Services

How PEO Group Health Insurance Helps Retain Employees

Posted by David Peasall, VP, Benefits and Human Resources on Jun 26, 2018 12:00:00 PM

PEOs Allow Business Owners to Offer Comprehensive Employee Benefits at Affordable Rates

In a job market with low unemployment, labor trends show business owners making competitive and comprehensive employee benefits programs a top priority to attract and retain good employees. When employees are healthy, the business benefits. Preventive care and affordable access to health care prevents employees from taking extended periods of sick leave, allowing business to be more productive and profitable. Employees who feel supported mentally and physically also tend to stay with a company longer.

However, few companies, especially small businesses, can efficiently employ enough staff to support a strong benefits program, and even if they can, the cost is steep and should be weighed against the option of having a complete PEO Benefits Department. Working with a Professional Employer Organization (PEO) for group health insurance and other employee benefits allows business owners to offer health coverage without sacrificing as much time or money as they would spend to figure out how to administer a benefits program on their own.

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Topics: PEO Services

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