Remove Payroll Remove Professional Employer Organization Remove PTO Remove Technology
article thumbnail

PEO Vs. Payroll Service Providers: How Are They Different?

Genesis HR Solutions

Are you wondering whether a Professional Employer Organization (PEO) or payroll service provider is the best fit for your company’s needs? What is a payroll provider? A payroll service provider is a third-party company hired to process a company’s payroll. Use Cases For Payroll Providers.

article thumbnail

Furlough vs. layoff: What’s the difference, and what do employers need to know?

Insperity

When an organization needs to reduce its payroll due to financial hardship, there are two options employers may consider: furlough vs. layoff. When employers plan to permanently reduce headcount at the time of termination (e.g., PTO payout. would you prefer to pay out PTO now or take on a future liability?)

PTO 93
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Choosing PEO Software For Your Business: What To Consider

Genesis HR Solutions

When choosing between Professional Employer Organizations (PEOs) for your small or midsize business, it’s critical to evaluate the type of software each company uses. Technology is a key component of every PEO’s service offering; you’ll want to make sure that what you’re getting is a good fit for your needs.

article thumbnail

What Are The Different Types Of PEOs To Choose From?

Genesis HR Solutions

From my perspective, as the president and CEO of a Professional Employer Organization (PEO) and an HR veteran, there are two types of PEOs small and midsize business have to choose from: PEOs who lead with technology, or. Payroll tax compliance. Technology-Led PEOs: Not as helpful as they may seem.

article thumbnail

50+ PEO Services Your Company Should Be Using

Genesis HR Solutions

What exactly do you get when you hire a professional employer organization (PEO) to work alongside your business? Technology. But these general categories only scratch the surface of what employers actually receive when they enter into a co-employment relationship with a PEO. Payroll PEO Services.

401(k) 52
article thumbnail

Are HR Departments A Requirement For Small Businesses?

Genesis HR Solutions

We’ve written about all these organizations here, and encourage you to read more about them, especially in regard to how they compare to the professional employer organization, or PEO—our primary recommendation for companies with no HR department. Professional Employer Organizations (PEOs).

article thumbnail

6 big soft cost savings associated with HR outsourcing

Insperity

Major hard cost savings can be linked directly to utilizing an outsourced HR provider, such as a professional employer organization (PEO). Just because soft costs aren’t line items on a financial statement doesn’t mean that they aren’t equally important HR outsourcing savings to your business and to you, as a leader.