Business owners large and small are turning to PEOs to ensure compliance with the ACA come 2016. Due to a series of landmark decisions by the Supreme Court in recent years, the Affordable Care Act (ACA) appears to be here to stay. While companies find the rules and regulations of the ACA complex and confusing, the question of compliance is a consistent and legitimate concern … [Read more...]
3 Critical Truths Every Business Needs to Know About Switching PEOs
The following three tips could potentially save your business lots of time and money. Timing is Everything In the PEO industry, timing can be everything. Much of the core workload for a PEO is administrative, and HR duties such as payroll and managing employee benefits require more attention towards the end of the year. Therefore, if you’re a company looking to make a PEO change by January, … [Read more...]
Are You In An Ideal PEO Arrangement?
7 questions you should ask about your current PEO-client contract There are over 700 PEOs operating in the United States alone. Every day, PEOs operating in every industry imaginable are helping businesses of every size imaginable streamline their operations, cut costs, and secure better benefits for their employees. PEOs partner with thousands of businesses and employ millions of … [Read more...]
The Best Time to Shop for A PEO
Like any business arrangement, PEO and client co-employment relationships are subject to change. For some client companies, that may be a simple redefinition of the terms. For others, it may mean completely dumping their old PEO for a new one. In both cases, business owners often have one question: When should I make a change? Unfortunately, the answer to that question isn’t necessarily … [Read more...]
Here Come the Mega-Mergers
How will the merger of health insurance giants Aetna and Humana affect consumers? Critics and industry analysts struggle to form a consensus view on the impact these new mega-deals will have on the health insurance marketplace. The mega-merger of two of the nation’s biggest health insurance companies heralds an era of consolidation in the health insurance marketplace. Of course, Aetna and … [Read more...]
PEOs Help Small Business Survive and Thrive
How PEOs help small businesses survive and thrive, and move on to the next level. Year One Starting a small business is no place for the timid. Statistically, the chances of your new business merely surviving, let alone finding success, are akin to betting on a coin toss. According to the Small Business Administration (SBA), half of all startups in the United States will fail within the … [Read more...]
After Obergefell vs. Hodges, What Now?
Legalization Means Changes Are Afoot For Health Insurance The recent Supreme Court decision in Obergefell V. Hodges overturning state bans on same-sex marriage effectively legalized it nationwide. No matter what your political inclinations may entail, this landmark decision will have far-reaching and important consequences for many Americans, not only same-sex couples seeking … [Read more...]
How to Evaluate A PEO
As a professional PEO broker, I have learned many lessons over the years. I have learned to be open to new ideas, information, and opportunities. The world is rapidly changing, and you must keep on top of things if you want to succeed. It would be a mistake to put blinders on when faced with new discoveries and opportunities. When I started PEO Broker, I became successful primarily because I was … [Read more...]
PEOs Help With The Growing Burden of Regulations
The growing burden of employment law and regulations on small businesses In the United States in 1900, the only laws on the books that governed employment rules and regulations were a smattering of case laws based on individual court rulings. By 1980, there were over 30. Naturally, no one is looking to go back to the days of dust bowls and unregulated working conditions, but businesses in every … [Read more...]
PEOs: The End-to-End Solution for Small Business
With the help of a PEO, even small establishments can offer Fortune 500 level perks to their employees. One of the biggest hurdles facing small businesses in today’s skill-driven economy is recruiting. Finding, wooing, then retaining the right talented individuals that make or break a company is tough. That’s not to say that the talent isn’t out there, or that small businesses are looking in … [Read more...]