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Wondering how to choose a professional employer organization (PEO)? Ask 7 questions

Insperity

Choosing the right professional employer organization (PEO) for your company is a huge project. A mismatch between your company’s culture and that of your PEO, or partnering with a financially unstable PEO, can spell trouble both for your company and your employees. Are you a certified PEO?

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2022 Was Another Record Year for HR Tech: See 20+ M&A Activities that Shaped the Market

Lighthouse

Credit where it’s due: I read the Starr Conspiracy’s work on a weekly basis and respect their analysis of the market. Namely, a modern HR system for midmarket firms, joined forces with Vensure Employment Services and PrismHR, two leaders in the PEO space. Read our analysis of the early announcement here.

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8 ways HR expertise helps facilitate business growth

Insperity

Look at your organizational chart and perform a current-state analysis and employee skills assessment to confirm where you are right now. How a professional employer organization (PEO) can help If your HR team is smaller or more general in expertise and focus, scaling up and overseeing an expanded HR function can be daunting.

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For Brokers: 9 Benefits of HR Outsourcing Partnerships

Extensis

Quick look: For some clients, HR outsourcing is the best of both worlds: they gain access to the same high-touch offerings as PEO clients but remain the employer of record. However, most HRO and PEO solutions allow employers to maintain authority over hiring and firing.

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Top 10 HR trends of the decade

Insperity

It also leaves HR personnel free to handle more advanced work, such as training and development, compliance management and data analysis. Data analysis: HR professionals increasingly need data skills to help their organization leverage the information gathered about employees and their productivity. Evolution of social media.

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Weathering the storm: How to “recession proof” your business

Insperity

Conduct cash-flow analysis , with different revenue and operating cost scenarios. A PEO can discuss your options with you regarding talent-related expenses. If you need to increase your credit limits, consider doing it now versus later. For example, what happens if revenue drops 10%, 20%, etc.? Keep employees engaged and motivated.

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NAPEO Reports PEOs Are a Game Changer for SMB Success

Extensis

Quick look: As a small business, it can be challenging to manage day-to-day operations while maintaining focus on growth, which is why it’s helpful to partner with a PEO. PEO customers have a 2x higher growth rate When compared to non-users, SMBs working with a PEO reportedly grow twice as fast. annually, compared to 1.9%