What Is a PEO

What Is a PEOCredit Boiko Y/Shutterstock Professional employer organizations (PEOs) partner with small businesses to provide payroll, benefits and human resources support. They operate under a co-employment model where you will still have control of all your employees, but employees legally appear on the PEOs books for tax and compliance purposes. There are several advantages to working with a PEO, which range from sustained growth to saved time. As your business expands and the demands of growth weigh on your day-to-day responsibilities, PEOs can take time-consuming, know-how processes off your plate.Of the current clients we randomly surveyed, 98 percent said theyd recommend a PEO to another small business, said Pat Cleary, president of NAPEO.NAPEO is a national organization that represents PEO interests and studies the PEO industry. Its most recent white paper had some major findings for small business owners, including that SMBs that partner with PEOs are more profitable and grow faster.Small business owners worry about growth, Cleary said. Companies that use a PEO 14 percent higher growth there.There are a lot of potential reasons to consider working with a PEO. From improved payroll processes to more attractive benefits, these companies can be a game changer for attracting new workers and growing your business. Before diving in to which PEO is right for you, its important to understand what a PEO is and how it serves small businesses.Editors musiknote Interested in learning more about a PEO for your business? Fill out the below questionnaire to be connected with vendors that can help.The co-employment modelThe PEO industry is big NAPEO says there are roughly 900 PEOs operating in the U.S. Of those, about 250 are NAPEO members, which covers about 90 percent of the total market, according to Cleary. The backbone of all these organizations, however, is the co-employment model. Under this model, your employees appear on the PEOs books.However, make no mistake you have full control of your employees and business. You decide whom to hire and fire, and you manage your employees day-to-day responsibilities. The PEO you partner with has no influence on your business decisions, workers pay, benefits access or day-to-day business decisions. Instead, it will handle all the legal, compliance and HR-related policy tasks that you define. Interested in PEO services? Check out our best picks on our sister site geschftliches miteinander.com.Employees have to appear on the PEOs books for compliance and tax reasons. Otherwise, the co-employment agreement likely wont have any impact on your business.The PEO handles all the non-revenue generating paperwork and other activities that prevent a small business owner from growing their business, said Cleary.What a PEO providesPEOs provide a range of services. You can work with an organization that gives you a full bundle of services, which usually include HR, payroll, benefits, and risk and compliance services, or you can work with a PEO that will build a plan with features specific to your business. The majority of PEOs require you to enroll in the companys payroll offering at a minimum.PEOs usually dont operate on long-term contracts. They usually require a 30-day written notice if you need to cancel services, and only some add on fees for cancellation. If youre interested in working with a PEO, you can usually find a company that is flexible and can provide your business with exactly what it needs.As far as specific services go, heres a quick breakdown of the various features and services PEOs provide. Some services may vary from PEO to PEO, but all should offer some coverage in the four main areas payroll, benefits, human resources and risk management.HR managementBenefits administrationInsurance plansSection 125 plansPayroll administration and processingState unemployment insurance401(k) retirement plansCOBRAWorkers compensationSafety programs (OSHA compliance)Training and developmentRecruiting and outplacement supportGovernment complianceTax complianceHow a PEO could benefit your businessHow a PEO can benefit your business depends on your businesss needs. NAPEO researches small business needs to understand how PEOs are serving their clients. A recent study featured on the NAPEO website found that small businesses that partner with a PEO grow 7 to 9 percent faster. They also have a lower turnover rate and are 50 percent less likely to go out of business. Cleary said in the NAPEOs research, a trend has emerged that survival is one of the top concerns for small business owners in the U.S. Working with a PEO means partnering with an organization that can help you not only stay in business but grow.Any small business that honestly looks at what theyre paying now on all these services, by putting them all under one roof, theyre going to get efficiencies from that, Cleary said. Matt DAngelo Matt DAngelo is a Tech Staff Writer based in New York City. After graduating from James Madison University with a degree in Journalism, Matt gained experience as a copy editor and writer for newspapers and various online publications. Matt joined the staff in 2017 and covers technology for Business.com and Business News Daily. 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#MakingTime A Day in the Life of an Upper East Side Psychotherapist and Philanthropist

MakingTime A Day in the Life of an Upper East Side Psychotherapist and Philanthropist Women can do anything but not everything. As the largest online career community for women, we at Fairygodboss realize that balance is a myth, and that picking what to prioritize on a day-to-day basis isnt always easy. In the MakingTime series, women share with us how, for one day, they chose to spend their most precious resource time.--Who PsychotherapistWhereNew York, New York--600amI am a morning person and love waking early. Its quiet and I have time to meditate and prepare for the day. I enrolled in Oprah and Deepaks 21-Day Meditation, which I listen to on my iPhone. My husband is in California for work, so it is particularly quiet this morning. I drink a bottle of water every morning, and have my first of MANY cups of coffee. I set up my Keurig last night, so all I have to do is press a button and my cup is ready to go.700amToday is a very informal summer day, so I go to my first appointment dressed casually. This appointment is a home visit to her apartment on the Upper East Side. I have been working with her for fifteen years.745amI grab a cab and head over to my office to get ready for my second client. I have a small kitchen area at my office, so I prepare a cup of yogurt with my favorite gluten-free granola from a bakery down the street. I am on to the second cup of coffee.800amThe second client of the day is an individual meeting with one of my couples clients.900amThe third client is a Skype session, which is quite common during the summer, as many of my patients are out of town on vacation. Im now quite comfortable with Skype and phone sessions, as they offer flexibility for my patients to enjoy their vacations while staying healthy.1000amI go down the block for hot yoga at Pure Studio. This is a sacred time for me. Its important to get my body moving and break a sweat every day, which has proven positive effects for ones mental and physical health. Whether I do yoga, Pilates, or meet with my personal trainer, this time is so important for me. Since my work can be so sedentary, it gives me the space I need to connect with my body and mind. Above all, its essential to take care of myself so that I can take care of others1115amI stop by my salon for a quick blow-out. They are consistently wonderful, efficient, and after years of loyalty, they know just how I like it. This is also when I can catch up on emails and speak to my assistant who is now at the office.NoonI meet with a lawyer/colleague for lunch at Avra in midtown near his office. I enjoy catching up and networking with professional contacts to share experience, clients, and a mutual understanding of our fields. Since my practice is quite varied, it is important to stay in touch with lawyers and therapists, as well as designers, stylists, and other professionals in town. I like to be able to offer and share life tips with my clients.After lunch, I hop in a cab back uptown to my offic e.130pmWith a break from meeting patients, I can work with my assistant. We send out emails to confirm appointments and answer any of their concerns. I recommend a psychiatrist to one patients husband. I approve a co-parenting calendar for another couple. I speak with a child psychologist about another family.I order a gift for my son boxing classes at a local gym, I send flowers to my PR rep who just had a baby. I read over the notes for my book proposal meeting with my co-author tomorrow.Im freshening up the office for the Fall right now. It is important to create a space that is warm and welcoming to my patients. We order a new rug for the waiting room and new blinds for the windows. My sister, Lisa Berg, is a fabulous photographer, and always supplies the office with beautiful artwork. I ask her for a new piece for the season.300pmThe fourth client is a teenager whom I have known since she welches three years old.400pmThe fifth client is also a teenager, the daughter of another patient I used to work with many years ago.500pmThe sixth appointment of the day is with a couple, working through some marital challenges.545pmMy final appointment is with a nine-year-old boy. I love working with children and have a closet stocked with puzzles, art supplies, games, and toys. They have such fresh and curious minds, and he, in particular, brings me joy and laughter. A perfect end to a busy day.700pmI meet a dear friend for a quick bite downtown. We discuss our work for the African Dream Academy, a school we helped to establish in Liberia, West Africa. Right now we are working on establishing a high school. I have been over to Liberia four times, and helping these children is my passion.800pmWe have tickets to a new play off-Broadway called Fairview at Soho Rep. I love attending as much theatre as possible in New York since there are so many opportunities. Tonight is special, because my assistant is also starring in it. I am so proud and fortunate to have such a tale nted and organized assistant. I could not accomplish all of this in one day without his help1000pmI hop in a taxi to head home, almost passing out in the cab. Since my husband isnt home tonight, I can go straight to bed, but not without preparing the Keurig for tomorrow.--Interested in contributing to Fairygodboss MakingTime series? Emailinfofairygodboss.com with MakingTime in the subject line.

Most Noticeable Professional Resume Writing Atlanta

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