What’s in a name?
What’s in a name?
Time Magazine’s cover story gives a light overview of the impact of the new healthcare bill and its impact for small businesses. Still waiting for more word from the PEO industry on how this will effect their top and bottom lines.
Here is a good article that starts the dialogue. Be ware that there is still a lot of time, and possible amendments to the plan, before any of this takes place. We are still unsure of how it will effect PEO’s as not definitive costs of plans have been discussed.
Here is an article from Inc. Magazine from last week. Let’s hope that Obama can get somewhere with this as legitimate companies get undersold on their services every day by what I call “pirate” companies that don’t pay taxes, don’t have workers comp, and use poor labor practices in order to win business.
Check out the link below for a very good article on PEO, professional employer organization. Sometimes referred to as employee leasing, but there are some differences in the models of hr outsourcing.
Some good quotes from NAPEO (National Association of PEO) as well.
I am waiting to see the first case of a workers comp carrier denying coverage of a claim because an employee was doing something illegal…aka driving while texting…during the course of work. I wonder how a PEO will handle this?
I have found another good posting on the basics of PEO and HR outsourcing.
Here is the link:
“Instead of doing your own payroll in-house, consider a PEO (Professional Employer Organization) to take over the administrative and legal responsibilities of managing your employees. You are not selling your employees to someone else- you are just using their service to help your small business save money while offering your staff better benefits to boot! This means, no inside human resource personnel costs, reduced legal liability for your company and better benefits packages for your staff. Look to a professional employer organization to help you save money.”
For the full article…
…and yet it is nothing.
For a company to consider some HR outsourcing solutions, such as PEO (professional employer organization) or ASO (administrative services organization), there is often a breakdown within the organization from a human resources or benefits cost or risk management standpoint.
The right HR outsourcing solution can help a company weather these storms, or avoid them all together. There is often a cost, of course, but it is cheaper before than after the storm has hit.