How a PEO Could Benefit Your Startup

Posted by Employer Flexible on July 22, 2021

Even amid the COVID-19 pandemic Americans embrace their entrepreneurial spirit with a half million new business applications taken out in May 2021.

The reality is that many of these startup ideas will never get off the drawing board with less than 10 percent of those applications resulting in businesses with paid employees.

“The Census Bureau is projecting that 35,578 new business startups with payroll tax liabilities will form within four quarters of application from all the business applications filed during May 2021,” says the U.S. Census Bureau Business Formation Statistics, May 2021, release.

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Topics: PEO

Post-Pandemic Storm Warning! Turnover Tsunami Predicted

Posted by Employer Flexible on June 22, 2021

After a year of navigating the uncertain waters of the COVID-19 pandemic, business owners can be forgiven for wanting some clear sailing, but workplace experts are predicting a turnover tsunami in 2021.

“Employers were experiencing high rates of turnover prior to the economic shutdown triggered by the pandemic last spring, but since then, quit rates reached their lowest level in nine years,” wrote Roy Maurer in March for the Society for Human Resource Management. “Retention and turnover experts now predict voluntary job-leaving will increase significantly in 2021 as employees resume job searches they put off for the past year.”

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Topics: PEO, Recruiting

PEO Partnership Can Help Your Company Attract, Retain Top Talent

Posted by Employer Flexible on June 10, 2021

In a U.S. economy with record job openings and workplace experts predicting a post-pandemic turnover tsunami, partnering with a Professional Employer Organization (PEO) can help your company attract and retain top talent.

PEOs can help businesses, especially SMBs, in hiring and retention thanks to their ability to allow their employees access to benefits such as 401(k) plans; health, dental, life, and other insurance; dependent care; and other benefits typically provided by large companies.

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Topics: PEO, Employee Benefits

PEO Employment Growth Outpaces the Rest of the U.S. Economy

Posted by Employer Flexible on June 3, 2021

New economic analysis shows that the professional employer organization (PEO) industry has outpaced the U.S. economy since 2013 with employment growth 16 times above average.

"The numbers in this study reinforce the dynamism and growth in the PEO industry. More and more businesses are realizing the true value proposition of using a PEO, particularly during the pandemic, when PEOs proved to be invaluable in helping their clients navigate through the challenges of the PPP loan process, COVID legislation, remote work, and return-to-office protocols," said National Association of Professional Employer Organizations (NAPEO) President & CEO Pat Cleary.

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Topics: PEO

Rethinking HR: Remote Recruiting & Onboarding to Remain Post-Pandemic

Posted by Employer Flexible on January 14, 2021

Those smoke signals coming from your HR department in 2020 might have been a cry for help during the COVID-19 pandemic or the staff simply burning the company HR handbook. Rest assured your HR handbook is still needed, maybe more than ever in uncertain times, but since March the coronavirus crisis has made a mockery out of “by the book”.

The best HR policies in 2020 were likely found on digital whiteboards and not in binders, because overnight HR had to embrace a new normal which included remote recruiting and onboarding for almost all nonessential workers.

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Topics: PEO, Human Resources, COVID-19

When Should I Hire a PEO?

Posted by Employer Flexible on April 2, 2019

Employers often assume that they should make the switch to a PEO on January 1st. However, employers can successfully transfer human resources to a PEO any time of the year. It's really more a function of business need versus a specific date on the calendar. It’s more important to focus on hiring a PEO that provides the HR, employee benefits and recruitment services your company needs rather than worry about having to wait until the first of the year to make the move. Here are the times when it makes the most sense to outsource your human resources needs.

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Topics: PEO

How to Manage the Growth of a PEO’s Business

Posted by Employer Flexible on September 25, 2018

With the complexities of the PEO sales business, VP Sales John Orth recently wrote a bylined entry for NAPEO’s PEO Insider Issue on how to manage the growth of a PEO’s business. In the write-up, Orth explains the complexities of appropriate growth for PEOs of various sizes and how to identify issues that business owners and sales team leaders may come across over time. 

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Topics: PEO

Tax Withholding: What You Need to Know to Do it Right

Posted by Employer Flexible on May 30, 2018

A new job means a fresh start, but it also means filling out tax forms again. And even if you're not starting work someplace new, the IRS still recommends that you revisit your withholding form intermittently, as well as anytime you have a significant life change, such as a marriage or birth. This is especially important during years when important tax changes have taken place. The IRS even offers a free withholding calculator that makes it easier to estimate just how much needs to come out of your paycheck every pay period. 

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Topics: PEO, Human Resources, Employee Benefits

401k in 2018: Stats, Facts and Insight for Your HR Department

Posted by Employer Flexible on May 23, 2018

Traditional pensions have gradually died away like long-lost dinosaurs of the retirement savings world with 401k plans emerging as the primary way Americans are saving for their golden years. What was once a secondary option for retirement savings with a lot of employers is now much more prevalent. According to ForUsAll:

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Topics: PEO, Human Resources, HR, Employee Benefits, 401K

What is a Benefit Audit and Why Does Your Business Need One?

Posted by Employer Flexible on May 8, 2018

Providing quality benefits to employees is a primary factor in retention and recruitment among companies both small and large. Being engaged with a Professional Employer Organization (PEO) can increase the quality of benefits passed along to employees. It is the PEO’s role to educate the client on the plan design of their benefits and on how much the employer should contribute to recruit the best talent to their organization. Companies without a PEO relationship require much more internal effort to secure quality benefits and ensure that benefits run smoothly from a financial perspective. Additionally, a special service offered by Employer Flexible called the Benefit Audit is a way to objectively process all employee costs related to benefits and advise a business as to where it could best save money in the long run.

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Topics: PEO, Human Resources