Why small to medium-sized businesses should use HR outsourcing Houston to third-party providers. Economies of scale are a very real phenomenon. Once the infrastructure is in place for a certain task, it becomes significantly easier (and less expensive) to continue doing that one task over and over again many times over. That’s what the all-American entrepreneur and industrial icon Henry Ford … [Read more...]
New Federal Overtime Rules Expand Coverage 500%
Thanks to new federal overtime rules, overtime protections are about to experience a massive expansion. Coverage of the nation’s current workforce is expected to increase by five times - from 7% of the workforce to 35%. According to the US Department of Labor, 4.2 million workers will receive an income boost. What does this mean for employers? The new rules don’t take effect until the first … [Read more...]
How PEOs Can Benefit Small Group Health Plans
Despite all the hoopla in the media the past few years about what effect Obamacare will, has, or is having on health insurance premiums and benefits, one fact remains: size still matters. Undeniably, larger firms have historically received better rates on their health benefits purely as a function of their size and correspondingly larger “risk pool”. Unfortunately, smaller businesses do not have … [Read more...]
PEOs Can ACA Proof Your Small Business
Obamacare Penalties and Small Businesses The Affordable Care Act (ACA), also known as Obamacare, established some market reform restrictions that apply to all employer-provided group health plans, including those offered by small businesses. The penalties for ignoring these restrictions are substantial. According to the IRS, businesses who run afoul of the market reform … [Read more...]
PEOs Secure Better Benefits
When it comes to hiring and keeping the kind of employee talent that makes or breaks a business, employee benefits outsourcing Houston is a big deal. A full package will attract the kind of top flight talent that a less competitive package simply will not. That’s just a fact of the labor marketplace. For small businesses, however, securing an attractive and compelling benefits package to offer … [Read more...]
Healthcare Premiums: The $25,000 Tidal Wave
There’s a tidal wave coming in the direction of your healthcare. More than 10 million Americans will receive government subsidies through the ACA to help defray the rapidly rising costs of healthcare. However, many more may be left helpless in the face of surging premiums. Individuals who earn more than $47,520 per year and the typical family of four earning more than $97,200 per year will not … [Read more...]
New Overtime Rules Challenge Small Businesses
New federal overtime rules will make millions of workers eligible for overtime pay strengthening labor. But small businesses, as well as larger employers, say this will hurt hiring, revenue, and ultimately worker earnings in the long run. Executive Summary: Consumer groups have been pushing the Obama Administration to take a fresh look at overtime rules for years. In 2014, … [Read more...]
How PEOs Benefit Small Business
A primer for busy execs looking to learn more about PEOs. What does PEO mean? Small business PEO Houston is provided by a Professional Employer Organization, is a secret of many successful small businesses. Essentially, PEOs manage all your HR needs, including payroll and administration, employee health and retirement benefits, workers' compensation insurance, and state and federal … [Read more...]
5 Reasons The PEO Industry is Set for Massive Growth
An executive summary of industry trends supercharging growth in the PEO and HR Outsourcing sectors in 2016. Ask anyone in the HR outsourcing business and they will all tell you one thing: the Professional Employer Organization (PEO) industry is primed for substantial growth. Many factors, ranging from the state of the general economic outlook of the nation to the increasing complexity of … [Read more...]
What’s Driving Prescription Drug Prices Up?
The ever-rising cost of healthcare, particularly the hefty price tag associated with prescription drugs, is making a big impact to the bottom line of small business owners. Both companies and employees alike in this country have almost come to accept rising prices as an inevitable feature of a healthcare system that is very difficult to understand. So, what exactly is driving prices up? Is it … [Read more...]
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