Archive for the ‘PEO News’ Category

PEO Advantage in the News!

November 4th, 2012

In the past two weeks PEO Advantage has gained media coverage for its childcare industry-specific program pertaining to workers compensation insurance, payroll and human resources.

To read more about our Company’s services in the Tampa Bay Business Journal just click here!

To access our 3-part series on services for the childcare industry, click here.

 

PEOs in the US Chamber of Commerce Small Business Nation!

August 14th, 2012

The U.S. Chamber of Commerce is the world’s largest business federation representing 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.

The U.S. Chamber of Commerce’s “Small Business Nation” was launched as a way of continuing our country’s small business growth and prosperity. Small Business Nation is responsible for providing a platform where small businesses can converse, relate to one another, and ultimately speak as one when it comes to standing up for small businesses!

Small Business Nation provides small businesses with toolkits that help them learn, grow, network, and succeed. PEO Advantage was proud to inform our co-workers and clients that PEOs are now featured within the Chamber’s HR Outsourcing and Benefits Toolkit.

Sponsored by NAPEO (National Association of Professional Employer Organizations), the toolkit addresses the growing burden small business face when it comes to complying with state and federal laws, regulations, and requirements.

More than 96% of U.S. Chamber members are small businesses with 100 employees or fewer – the perfect fit for a PEO! By utilizing the co-employment relationship, employees of small to mid-sized businesses can gain access to cost effective employee benefits such as 401(k) plans, health, dental, life, and other benefits options typically provided by larger companies. The list of benefits associated with a co-employment relationship is endless, but just to review a few:

  • PEO clients save money—The right employees, best practices, reduced turnover, automation, compliance expertise and streamlined processes add up to huge savings.
  • PEO clients improve productivity and profitability—Specialized technology streamlines payroll, benefits and managing personnel data. Professionally written employee handbooks and policies translate into clear expectations and peak performance.
  • PEO clients reduce risk—Expert help with risk management and compliance including payroll, OSHA, EEOC and more protects you from costly fines and lawsuits.
  • PEO clients attract and retain top employees—Comprehensive benefits packages and recruiting assistance makes sure the right talent is hired and stays put.
  • PEO clients have more time to focus on growth—With payroll, workman’s comp claims, benefits and employee management under control you can finally put your growth plans in motion

For more information on PEOs, call PEO Advantage at 877-636-9525. If you are already familiar with PEOs and the co-employment relationship, contact us today to find the best possible rates and solutions for your organization.

The HRO Industry… Growing, and Growing, and Growing…

July 30th, 2012

Global Industry Analysts, Inc, a worldwide business strategy  and market intelligence company, recently released its global strategic business report on the human resources outsourcing (HRO) market.

The growing market for human resources outsourcing is expected to reach $199.6 billion by the year 2017! According to Global Industry Analysts, the recent increase in demand for human resources is driven by the need for companies to align business operations with HR.  As compliance pressures and the complexity of business processes become increasingly difficult, many companies are calling in the professionals!

Other significant reasons companies are engaging in co-employment relationships and human resources outsourcing is cost reduction, policy framework, and access to specialized technologies.  Growth is not limited to the US either; HRO is now a global market. Continental European markets, the UK and Asia are all expected to grow exponentially in the upcoming years, as more organizations recognize that outsourcing components of human resources increases efficiency and reduces costs

By employing the services of “HR experts,” companies can gain significant cost reductions without affecting the overall quality of operations. Business continues as usual, with the one exception that HR is streamlined and improved!

Are YOU ready for risk-free HR solutions that really work? Call 877-636-9525 or fill out an application today. PEO Advantage can find the perfect human resources outsourcing solution for you.

Best of all, PEO Advantage does all the work to provide you with the facts you need to feel confident you’re making the best possible choice. We go beyond your basic requirements of today to find you a PEO that will change, evolve and help you realize your plans for the future.

Call us today or click here to request more information!

PEOs in the News: Hawaii

July 17th, 2012

Governor Neil Abercrombie of Hawaii has vetoed a bill that would have placed restrictions on professional employer organizations operating within the state of Hawaii.  The aforementioned Senate Bill 2424 would have increased fees for PEOs, requiring human resources businesses to pay increased registration fees, produce audited financial statements and quadruple the bond requirement to conduct business in Hawaii. 

Under this bill, if the PEO failed to register or comply with all rules, penalties would be authorized for noncompliance.  Governor Abercrombie was quoted as saying that the bill was too broad and would impose restrictions too difficult for all PEOs to comply with (especially the smaller ones).  Several PEOs in Hawaii said the proposed rules and regulations would be so time consuming and costly they would be forced to shut down if the bill was passed.

PEOs vary in size, and many of the smaller PEOs make great partners for smaller US businesses due to their similarities and understanding of the small business model and their ability to provide cost effective payroll and human resources support, employee benefits and workers compensation
insurance.  With Governor Abercrombie’s veto last week, Hawaiian PEOs will continue to operate under the standard statutory requirements enacted by the legislature in 2012 that already provide a strong framework for PEOs operating in the state.  The current PEO statute protects consumer while empowering the PEO to save money, improve productivity and profitability, reduce risk and attract and retain top employees on behalf of their clients.

PEO Advantage works with PEOs of all sizes across the country, and we’re happy to hear that our PEO friends in Hawaii can go about business as usual. There are currently more than 800 PEOs in the United States, each with different specialties. PEO Advantage is skilled at finding the perfect PEO for businesses of all sizes.

To learn more, contact us today!