A PEO offers business owners a sensible, turn-key solution for all manner of things administrative when it comes to the running of companies. More and more business owners (especially small business owners) are looking to PEOs and other employee leasing agencies to handle the sometimes overwhelming tasks involved with keeping a company running smoothly.
PEOs typically acquire and lease back some or all of the employees of their clients and serve as the employer of the leased employees for payroll, benefits, compliance and other related purposes. Employee leasing establishments exercise varying degrees of decision-making relating to their human resource or personnel management role, but do not have management accountability for the work of their clients operations with regard to strategic planning, or profitability.
PEOs can also set up an employee incentive program, which reinforces good work ethics and a positive, healthy workplace atmosphere. Choose from our directory of professional employer organizations today, and experience the difference it will make for your business, and overall bottom line.
Tuesday, September 29, 2009
Health care costs number one issue with companies, employees
In 2008, the National Federation of Independent Business conducted a survey to find out the most important issues facing small- to mid-sized business, and health care costs were No. 1 on the list by a wide gap.
The human resources arena is swiftly changing, and its difficulties are exacerbated by the current trend of cutbacks, layoffs and downsizing, requiring HR professionals to manage their human capital as precisely and efficiently as ever. Thus, PEOs are having to sharpen their HR tools to an even more exacting degree.
Through downsizing, most organizations are as lean as they can possibly be, which means they now have to go out and garner new business. This does not leave them the time to juggle the numerous regulatory compliance issues that have recently infiltrated the HR spectrum. But the current spotlight on health care means more attention will be paid to the issue of employee benefits.
A PEO can help set up an employee incentive program, which reinforces good, ongoing work ethics and a positive, healthy workplace atmosphere. Choose from our directory of professional employer organizations today, and experience the difference it will make for your business, and overall bottom line.
The human resources arena is swiftly changing, and its difficulties are exacerbated by the current trend of cutbacks, layoffs and downsizing, requiring HR professionals to manage their human capital as precisely and efficiently as ever. Thus, PEOs are having to sharpen their HR tools to an even more exacting degree.
Through downsizing, most organizations are as lean as they can possibly be, which means they now have to go out and garner new business. This does not leave them the time to juggle the numerous regulatory compliance issues that have recently infiltrated the HR spectrum. But the current spotlight on health care means more attention will be paid to the issue of employee benefits.
A PEO can help set up an employee incentive program, which reinforces good, ongoing work ethics and a positive, healthy workplace atmosphere. Choose from our directory of professional employer organizations today, and experience the difference it will make for your business, and overall bottom line.
Monday, September 28, 2009
Use of PEOs on the rise
According to a report released by IDC, small employers are increasingly turning to PEOs to manage their HR functions after a decline in 2003. Lisa Rowan, program manager for HR and talent management services for IDC, pointed out that last year marked a turnaround point for this market segment, in part because of a strong economy, low unemployment, and an explosion in small-business growth.
“PEOs had declined in 2003 but made a 35-percent swing back (in 2006). They seem to be alive and well and kicking,” she said, noting that nearly five percent of all small businesses in the U.S. are covered by PEOs.
One reason for its recent strong growth was the rise in the number of employees at small businesses. Rowan pointed out that between 1999 and 2004, their ranks swelled 8.4 percent, pushing up the need for outsourced HR services for these organizations. And with this increase, many of those new companies also chose not to administer HR services on their own, instead opting for the services of PEOs and other providers.
A good PEO can set up a winning employee incentive program. Find the right PEO for your organization in our directory of professional employer organizations.
Source: HRO Today
“PEOs had declined in 2003 but made a 35-percent swing back (in 2006). They seem to be alive and well and kicking,” she said, noting that nearly five percent of all small businesses in the U.S. are covered by PEOs.
One reason for its recent strong growth was the rise in the number of employees at small businesses. Rowan pointed out that between 1999 and 2004, their ranks swelled 8.4 percent, pushing up the need for outsourced HR services for these organizations. And with this increase, many of those new companies also chose not to administer HR services on their own, instead opting for the services of PEOs and other providers.
A good PEO can set up a winning employee incentive program. Find the right PEO for your organization in our directory of professional employer organizations.
Source: HRO Today
Friday, September 25, 2009
Who Uses PEO Services?
The truth is, most businesses could benefit from outsourcing some of their business needs to a PEO, experts say. The largest market for PEO organizations comes from small businesses whose administrative and staffing needs exceed their own ability to manage them easily. Given the choice, most small businesses would be better off delegating administration and human resources tasks to a PEO rather than drowning in the legal and management details.
While some owners imagine that they might lose control over the business by hiring a PEO, says a leading employee leasing agency, the opposite is true. Most managers feel they have more control once a PEO is taking care of their employees and they are left to focus on the core of their business.
A PEO can also help set up an employee incentive program, which reinforces good, ongoing work ethics and a positive, healthy workplace atmosphere. Choose from our directory of professional employer organizations today, and experience the difference it will make for your business, and overall bottom line.
While some owners imagine that they might lose control over the business by hiring a PEO, says a leading employee leasing agency, the opposite is true. Most managers feel they have more control once a PEO is taking care of their employees and they are left to focus on the core of their business.
A PEO can also help set up an employee incentive program, which reinforces good, ongoing work ethics and a positive, healthy workplace atmosphere. Choose from our directory of professional employer organizations today, and experience the difference it will make for your business, and overall bottom line.
Thursday, September 24, 2009
How employees benefit from PEOs
PEOs which excel in the industry are committed to helping your company expand employee benefits and access quality health care services. They handle all paperwork and administration, from enrollment to claims. And their experience provides the best solutions for your company's needs. Utilizing a PEO, or employee leasing agency, will greatly aid you as a CEO in attracting and retaining quality people with their "Fortune 500" benefits.
A good PEO can also help set up an employee incentive program, which reinforces good, ongoing work ethics and a positive, healthy workplace atmosphere. Choose from our directory of professional employer organizations today, and experience the difference it will make for your business, and overall bottom line.
A good PEO can also help set up an employee incentive program, which reinforces good, ongoing work ethics and a positive, healthy workplace atmosphere. Choose from our directory of professional employer organizations today, and experience the difference it will make for your business, and overall bottom line.
Why you should use a PEO
The benefits of using a PEO are manifold. By outsourcing most employer responsibilities and liabilities, a business owner is able to refocus on bottom line activities. It is a fact that when a CEO and their staff spend time on unproductive and non-revenue generating activities, they reduce their ability to increase sales, collect revenues, and tend to the core functions and fundamental mission of their business. PEOs remove your being mired in these unproductive activities, so as to maximize internal efficiency.
The right PEO can also help set up an employee incentive program, which reinforces good, ongoing work ethics and positivity in the workplace. Choose from our directory of professional employer organizations today, and experience the difference it will make for your business, and overall bottom line.
The right PEO can also help set up an employee incentive program, which reinforces good, ongoing work ethics and positivity in the workplace. Choose from our directory of professional employer organizations today, and experience the difference it will make for your business, and overall bottom line.
Tuesday, September 22, 2009
Some PEO Industry Statistics
The PEO industry is estimated at having an overall worth of $30 billion. Although that might sound like a lot already, a report says that with 98 percent of the market untapped, the potential market worth is an astounding $1 trillion.
The average annual cost of regulation, paperwork and tax compliance for companies with fewer than 500 employees is about $5,000 per employee. For companies with more than 500 employees, the cost is about $3,400 an employee.
* Number of Americans co-employed by a PEO: 2.5 million
* Average number of employees per PEO client: 14
* Average gross pay per employee: $19,659
* Annual PEO industry growth rate: 20 percent to 30 percent
* Number of PEOs in the U.S: 2,000
* Percent of businesses with fewer than 100 employees in a PEO: 2%
* Average length of PEO contract: 1 year
* Number of states that require PEOs to be licensed: 16
The right PEO can also help set up an employee incentive program, which reinforces good, ongoing work ethics and positivity. Choose a competent PEO from our directory of professional employer organizations today, and experience the difference it will make for your business, and overall bottom line.
Sources: National Association of Professional Employer Organizations; 1996 report called "Professional Employer Organizations: Changing the Face of Business," conducted by Raymond James & Associates Inc., an investment firm based in St. Petersburg, Fla.; Small Business Administration
The average annual cost of regulation, paperwork and tax compliance for companies with fewer than 500 employees is about $5,000 per employee. For companies with more than 500 employees, the cost is about $3,400 an employee.
* Number of Americans co-employed by a PEO: 2.5 million
* Average number of employees per PEO client: 14
* Average gross pay per employee: $19,659
* Annual PEO industry growth rate: 20 percent to 30 percent
* Number of PEOs in the U.S: 2,000
* Percent of businesses with fewer than 100 employees in a PEO: 2%
* Average length of PEO contract: 1 year
* Number of states that require PEOs to be licensed: 16
The right PEO can also help set up an employee incentive program, which reinforces good, ongoing work ethics and positivity. Choose a competent PEO from our directory of professional employer organizations today, and experience the difference it will make for your business, and overall bottom line.
Sources: National Association of Professional Employer Organizations; 1996 report called "Professional Employer Organizations: Changing the Face of Business," conducted by Raymond James & Associates Inc., an investment firm based in St. Petersburg, Fla.; Small Business Administration
Monday, September 21, 2009
Using a PEO for payroll administration is wise
The benefits of using a PEO for payroll administration come to business owners in the form of saving time, costs and paying taxes accurately without incurring penalties. Client companies can particularly save time in tasks such as payroll processing, paycheck distribution, paying employment taxes, W-2 and 1099 distribution and employee payroll inquiries.
PEOs also routinely streamline the administrative aspects of employee health insurance, legal compliance with codes and regulatory statutes, and, importantly, implementing employee incentive programs, which are the best way to ensure loyalty and positivity among your staff.
The right PEO can help you set up an employee incentive program. Choose a competent PEO from our directory of professional employer organizations today, and experience the difference it will make for your business, and overall bottom line.
PEOs also routinely streamline the administrative aspects of employee health insurance, legal compliance with codes and regulatory statutes, and, importantly, implementing employee incentive programs, which are the best way to ensure loyalty and positivity among your staff.
The right PEO can help you set up an employee incentive program. Choose a competent PEO from our directory of professional employer organizations today, and experience the difference it will make for your business, and overall bottom line.
Friday, September 18, 2009
More facts regarding PEOs: Taxes and Employee Incentive Programs
PEOs operate in all 50 states. Many states provide some form of specific licensing, registration or regulation for PEOs. These states statutorily recognize PEOs as the employer or co-employer of worksite employees for many purposes, including workers' compensation and state unemployment insurance taxes. The IRS has accepted the right of a PEO to withhold and remit federal income and unemployment taxes for worksite employees.
As the employer for employment tax and employee benefits, PEOs assume responsibility and liability for payment of state unemployment taxes, and most states recognize the PEO as the responsible entity. In those states that require the PEO to report unemployment tax liability under its clients' account numbers, the PEO or HR outsourcing company can still manage this responsibility. The employee leasing company assumes responsibility and liability for payment of wages and compliance with the rules and regulations governing the reporting and payment of federal and state taxes on wages paid to employees.
The right PEO can also help set up an employee incentive program, which reinforces good, ongoing work ethics. Choose a competent PEO from our directory of professional employer organizations today, and experience the difference it will make for your business, and overall bottom line.
As the employer for employment tax and employee benefits, PEOs assume responsibility and liability for payment of state unemployment taxes, and most states recognize the PEO as the responsible entity. In those states that require the PEO to report unemployment tax liability under its clients' account numbers, the PEO or HR outsourcing company can still manage this responsibility. The employee leasing company assumes responsibility and liability for payment of wages and compliance with the rules and regulations governing the reporting and payment of federal and state taxes on wages paid to employees.
The right PEO can also help set up an employee incentive program, which reinforces good, ongoing work ethics. Choose a competent PEO from our directory of professional employer organizations today, and experience the difference it will make for your business, and overall bottom line.
Thursday, September 17, 2009
How can a PEO work for my organization?
You can focus on your business and what it takes to grow your business by delegating many of your employer-related responsibilities to a PEO. A quality PEO can help you attract and retain superior employees, reduce your employment liability, enhance your benefit options, minimize transactional HR, improve productivity, ultimately increasing your profitability, all while allowing you focus on running your business.
Professional Employer Organizations (PEO) enter into a co-employer relationship with clients, which allows them to share and manage many employer-related liabilities and responsibilities. Clients outsource their human resources to the PEO and maintain control of their companies, while the PEO provides human resources services, employee benefits, payroll administration and workers' compensation.
The right PEO can also help set up an employee incentive program. Choose a competent PEO from our directory of professional employer organizations today, and experience the difference it will make for your business, and overall bottom line.
Professional Employer Organizations (PEO) enter into a co-employer relationship with clients, which allows them to share and manage many employer-related liabilities and responsibilities. Clients outsource their human resources to the PEO and maintain control of their companies, while the PEO provides human resources services, employee benefits, payroll administration and workers' compensation.
The right PEO can also help set up an employee incentive program. Choose a competent PEO from our directory of professional employer organizations today, and experience the difference it will make for your business, and overall bottom line.
Find a PEO that's right for your company
Whether you operate a large or small business, finding the right Professional Employer Organization (PEO) will do great things for your bottom line, by helping to streamline your operations. The right PEO can initiate an employee incentive program, keep payroll on time and accurate, deal with legalities and compliance issues, as well as employee health insurance and workers comp details.
The day-to-day operations of a business demand an owner's full attention. When you are lost in paperwork and bureaucratic distractions, it's hard to stay focused on your company mission statement. Let the right PEO do the "dirty work", so you can get on with the marrow of why you're in business in the first place.
The right PEO can help set up an employee incentive program. Choose a competent PEO from our directory of professional employer organizations today, and experience the difference it will make for your business.
The day-to-day operations of a business demand an owner's full attention. When you are lost in paperwork and bureaucratic distractions, it's hard to stay focused on your company mission statement. Let the right PEO do the "dirty work", so you can get on with the marrow of why you're in business in the first place.
The right PEO can help set up an employee incentive program. Choose a competent PEO from our directory of professional employer organizations today, and experience the difference it will make for your business.
Tuesday, September 15, 2009
PEOs aid in economic recovery
Many businesses fail due to failure to keep in line with standards, regulations, laws, etc. These ventures could have been kept afloat with the aid of a PEO, or professional employer organization. PEOs aid small businesses as well as the economy as a whole, due to their policy adherence, legal compliance mandates, as well as "running the ship" as it were, while CEOs and managers can focus on the day-to-day operations, customer relations, employee one-on-one, and that sort of thing.
Having a PEO run the bureaucracy of your business not only removes the stressors which that puts on the average big or small business owner, but allows that company, in the long-term, to flourish, due to being economically streamlined. And this leads to entire portions of the greater economy to thrive, leading, at last, to economic recovery for an entire nation. Now, if every business had a PEO...
A competent PEO can best help your company put in place an employee incentive program. To find the right PEO for your company, please visit our directory for more info.
Having a PEO run the bureaucracy of your business not only removes the stressors which that puts on the average big or small business owner, but allows that company, in the long-term, to flourish, due to being economically streamlined. And this leads to entire portions of the greater economy to thrive, leading, at last, to economic recovery for an entire nation. Now, if every business had a PEO...
A competent PEO can best help your company put in place an employee incentive program. To find the right PEO for your company, please visit our directory for more info.
Monday, September 14, 2009
Discover what PEO services can do for your company
A good Professional Employer Organization isn't hard to find. PEO7.com has your connection to what are normally termed Employee Leasing Companies, HR Outsourcing Organizations, and PEOs. PEOs allow big and small business owners to unburden themselves of all the red tape and "dirty work" that goes into running a modern business.
PEOs handle all the payroll, insurance, and legal aspects of running your business, so you as CEO or owner can concentrate on the original vision and employee one-on-one aspects, which are crucial to maintaining integrity and balance, businesswise.
A good PEO can get an employee incentive program started for your company as well. Choose one from our comprehensive directory at www.PEO7.com, and find out all that our PEO services can do for you.
PEOs handle all the payroll, insurance, and legal aspects of running your business, so you as CEO or owner can concentrate on the original vision and employee one-on-one aspects, which are crucial to maintaining integrity and balance, businesswise.
A good PEO can get an employee incentive program started for your company as well. Choose one from our comprehensive directory at www.PEO7.com, and find out all that our PEO services can do for you.
Tuesday, September 8, 2009
Calculating the number of employees to determine small business status
Currently, the U.S. Small Business Administration (SBA) is the agency that sets size standards, or size caps, based on either a company’s number of employees (“employee- based” size standard) or a firm’s annual receipts (“receipts-based size standard). Generally, the size status for manufacturing industries is employee-based in that a company’s size is determined by calculating the average employment of the company, including the employees of its domestic and foreign affiliates, based on the number of persons employed on a full-time, part-time, temporary, or other basis, during each of the pay periods of the preceding 12 months.
For service and construction companies, the SBA, for the most part, uses a receipts-based standard whereby it determines size by averaging a firm’s annual receipts, including the receipts of its domestic and foreign affiliates (less returns and allowances, sales of fixed assets, and inter-affiliate transactions) for the previous three years.
With regard to the employee-based standard, the SBA recently proposed a change in how the number of employees in a firm would be calculated. The proposal was soundly criticized by the small business community, however, and the SBA abandoned the proposal and is now re-thinking its options. As this article suggests, the SBA’s basic idea in seeking a new way to calculate employees was a good one and should be pursued.
With just a few simple adjustments as outlined in this article, the SBA can have a new, workable approach to the problem, while muting criticism from the small business community, and having a system in place that will benefit both the government and industry.
A PEO can best help your company put in place an employee incentive program. To find the right PEO for your company, please visit our directory at www.PEO7.com for more info.
For service and construction companies, the SBA, for the most part, uses a receipts-based standard whereby it determines size by averaging a firm’s annual receipts, including the receipts of its domestic and foreign affiliates (less returns and allowances, sales of fixed assets, and inter-affiliate transactions) for the previous three years.
With regard to the employee-based standard, the SBA recently proposed a change in how the number of employees in a firm would be calculated. The proposal was soundly criticized by the small business community, however, and the SBA abandoned the proposal and is now re-thinking its options. As this article suggests, the SBA’s basic idea in seeking a new way to calculate employees was a good one and should be pursued.
With just a few simple adjustments as outlined in this article, the SBA can have a new, workable approach to the problem, while muting criticism from the small business community, and having a system in place that will benefit both the government and industry.
A PEO can best help your company put in place an employee incentive program. To find the right PEO for your company, please visit our directory at www.PEO7.com for more info.
Help with avoiding tax scams flourishing this summer
Every year, the Internal Revenue Service releases a list of the top 12 tax scams and schemes-- known as the "dirty dozen"--all illegal and presenting taxpayers the opportunity for significant penalties, interest and criminal prosecution. Here are five circulating this summer.
Phishing scams--"phishing" being cyberspeak for "password harvesting or fishing"-- is an attempt by criminals to obtain your credit card numbers or your bank account and routing numbers so they can empty your accounts. Such e-mails appearing to come from legitimate sources, such as the IRS, contain enticements for recipients to answer the questions they contain. The IRS never initiates unsolicited e-mail contact with taxpayers about their tax issues. Internet-based scam artists use the personal information obtained through phishing to steal identities, access their bank accounts, run up credit card charges and apply for loans posing as their victims.
Abuse of charitable groups: The IRS sees a growing abuse of tax-exempt organizations, including arrangements to shield income or assets from taxation and attempts by donors to maintain control over donated assets. The agency investigates schemes in which donations are highly overvalued or the organization receiving the donation promises the donor can purchase the items back at a later date at a price the donor sets.
Abusive retirement plans: The IRS uncovered abuses in retirement plan arrangements, including Roth IRAs. Be wary of advisers encouraging you to shift appreciated assets into IRAs or companies owned by IRAs at less than fair market value to circumvent annual contribution limits.
Hiding income offshore: Tax dodgers try to avoid or evade U.S. income tax by hiding income in offshore banks and brokerage accounts. The IRS provides guidance to its auditors for dealing with those hiding income offshore in undisclosed accounts. Taxpayers also evade taxes by using offshore debit cards, credit cards, wire transfers, foreign trusts, employee-leasing schemes, private annuities and life insurance plans.
Misuse of trusts: While there are many legitimate, valid uses of trusts in tax and estate planning, some promoted transactions promise reduction of income subject to tax, deductions for personal expenses and reduced estate or gift taxes. Such trusts rarely deliver the promised tax benefits and are used to avoid income tax liability and hide assets from creditors, including the IRS. Be aware that YOU are the one who faces penalties, interest on unpaid taxes and prosecution after the scammers are long gone.
A PEO can best help your company put in place an employee incentive program. To find the right PEO for your company, please visit our directory at www.PEO7.com for more info.
Source: Tulsa World
Phishing scams--"phishing" being cyberspeak for "password harvesting or fishing"-- is an attempt by criminals to obtain your credit card numbers or your bank account and routing numbers so they can empty your accounts. Such e-mails appearing to come from legitimate sources, such as the IRS, contain enticements for recipients to answer the questions they contain. The IRS never initiates unsolicited e-mail contact with taxpayers about their tax issues. Internet-based scam artists use the personal information obtained through phishing to steal identities, access their bank accounts, run up credit card charges and apply for loans posing as their victims.
Abuse of charitable groups: The IRS sees a growing abuse of tax-exempt organizations, including arrangements to shield income or assets from taxation and attempts by donors to maintain control over donated assets. The agency investigates schemes in which donations are highly overvalued or the organization receiving the donation promises the donor can purchase the items back at a later date at a price the donor sets.
Abusive retirement plans: The IRS uncovered abuses in retirement plan arrangements, including Roth IRAs. Be wary of advisers encouraging you to shift appreciated assets into IRAs or companies owned by IRAs at less than fair market value to circumvent annual contribution limits.
Hiding income offshore: Tax dodgers try to avoid or evade U.S. income tax by hiding income in offshore banks and brokerage accounts. The IRS provides guidance to its auditors for dealing with those hiding income offshore in undisclosed accounts. Taxpayers also evade taxes by using offshore debit cards, credit cards, wire transfers, foreign trusts, employee-leasing schemes, private annuities and life insurance plans.
Misuse of trusts: While there are many legitimate, valid uses of trusts in tax and estate planning, some promoted transactions promise reduction of income subject to tax, deductions for personal expenses and reduced estate or gift taxes. Such trusts rarely deliver the promised tax benefits and are used to avoid income tax liability and hide assets from creditors, including the IRS. Be aware that YOU are the one who faces penalties, interest on unpaid taxes and prosecution after the scammers are long gone.
A PEO can best help your company put in place an employee incentive program. To find the right PEO for your company, please visit our directory at www.PEO7.com for more info.
Source: Tulsa World
Tuesday, September 1, 2009
PEOs offer help in health care crisis
There are many logistics to being a small business owner, but none are so pressing as the need for quality health, dental and life insurance for themselves or their employees. Many small business owners obtain coverage through the employment of their spouse. However, there are just as many small business owners who are not married, whose spouse is also self employed or who are not offered benefits through their own employer.
A good option for a small business owner is to partner with a Professional Employer Organization (PEO). PEO's, also known as employee leasing companies, or HR outsourcing companies, handle the human resources functions of companies of any size but they focus primarily on small and medium sized businesses, who are not yet at the corporate level .
A PEO can ensure that a quality health plan is initiated for an employee, and also make sure that those benefit payments are made in responsible, timely fashion, so that in time of need, said employee can get the proper level of care, and subsequently be back on task at work sooner.
A PEO can best help your company put in place an employee incentive program. To find the right PEO for your company, please visit our directory at www.PEO7.com for more info.
A good option for a small business owner is to partner with a Professional Employer Organization (PEO). PEO's, also known as employee leasing companies, or HR outsourcing companies, handle the human resources functions of companies of any size but they focus primarily on small and medium sized businesses, who are not yet at the corporate level .
A PEO can ensure that a quality health plan is initiated for an employee, and also make sure that those benefit payments are made in responsible, timely fashion, so that in time of need, said employee can get the proper level of care, and subsequently be back on task at work sooner.
A PEO can best help your company put in place an employee incentive program. To find the right PEO for your company, please visit our directory at www.PEO7.com for more info.
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