With healthcare costs reaching all-time highs, many employers offer high deductible health (HDHP) plans to achieve lower premiums for the company and its staff. Higher deductibles can reduce the monthly cost, but it can also result in an increase of "out of pocket" costs for the employee. High out of pocket costs can be financially and emotionally draining if employees don’t have the resources … [Read more...]
To PEO or Not to PEO, is that your Question?
Have you been wondering why companies use a PEO and if it’s right for you? Below are a few reasons companies say yes to the PEO model for their health insurance. TO PEO for health insurance, If You Want: Lower medical premiums Better medical coverage Ability to offer multiple medical plans to your employees More employee perks such as: dental, vision, life, short term disability, long term … [Read more...]
Switching PEO’s For January
Looking to start with a PEO for January 2018? If so, now it the perfect time to start the process. Here’s why: The underwriting and proposal process can take weeks to complete during the last quarter of the year due to the number of companies signing up for January 1st. The PEO industry does over 70% of its new business in the last quarter. If a company can get ahead of the rush, it makes … [Read more...]
3 Reasons Your Company Needs HR Support
Employment Law is constantly changing and small and large businesses can easily find themselves struggling to keep up. Many companies today are allowing a PEO Broker to help them get HR support and relieve the stress associated with keeping up all that is involved in having employees. Read below to learn the top 3 reasons business owners need to have HR support and contact me today for a free … [Read more...]
5 Ways a PEO Broker Can Help a Startup Succeed
PEOs: The Lean Startup's Best Friend Time is money. For most entrepreneurs and startup founders, both come in limited quantities that must be wisely and strategically allocated in order to ensure success. Yet the realities of starting and running a business necessarily include dealing with such tedious tasks as payroll, compliance, and benefits management just to name a few. These critical yet … [Read more...]
Planning on Hiring Resident and Non-Resident Aliens? Be Prepared for the Paperwork.
How to maintain compliance with IRS rules and regulations when hiring resident and nonresident aliens. The world is shrinking. We live in an era of rapid globalization, where cross-border and cross-cultural travel, play, and work are a common occurrence. Americans work in other countries all the time, and American companies love hiring competent workers from abroad. Love it or hate it, … [Read more...]
Flexible Spending Account: Use It or Lose It!
Day Hour Minute Second With the fiscal year entering the last quarter, companies large and small are now anticipating and preparing for the inevitable wall of deadlines come year’s end. Since most cafeteria plans renew at the beginning of the new year, now is the time for employers to enroll in new plans. Meanwhile, employees must spend their existing FSA balances by year’s end. With companies … [Read more...]
ACA Prep for 2017: Get Your Business in Order for Earlier Deadlines
Is your company ready to provide the requisite information and comply with the new Affordable Care Act (ACA) reporting deadlines? Last filing year, businesses across the nation breathed a sigh of relief when the IRS announced an extension of the due dates for ACA information reporting. This year, however, the transition relief will end. Here’s a breakdown of which forms are due when: Forms … [Read more...]
What’s Driving PEO Growth?
The 3 recent developments driving PEO growth The Professional Employer Organization (PEO) sector is a bonafide growth industry. Since the PEO concept first came into existence 30 years ago, the industry has added approximately 100,000 worksite employees and 6,000 net new clients. In other words, every five years the PEO industry has added the same number of workers as the entire utility … [Read more...]
9 Things You Should Know About Performance Management Tools Houston
If you are a business owner, you are more than likely aware of the term PEO, or you have a PEO. Following are 9 things to help you better understand the role of performance management tools Houston and the benefits a PEO can have on your business. 1. PEOs help you focus on your business. For most small to medium-sized businesses doing every single HR task in-house simply isn't a cost-effective … [Read more...]
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