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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).

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Federal tax reform: 5 HR must-dos for every business

Insperity

Our nation’s first major tax reform in more than 30 years has spurred many business owners to spend hours with their CPAs and tax consultants over the past few months. A PEO can help you provide your employees with access to competitive benefits that include medical, dental and vision insurance, 401(k) retirement plans and much more.

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Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Optional dental and vision care are usually offered alongside health insurance for an added fee.) In a 401(k) plan, the most common type of retirement plan, employees can save up to a certain amount set by the U.S. Many employers match their employees’ contributions to boost their savings. According to the U.S.

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3 ways outdated payroll processes hurt your business

Insperity

You also need to track voluntary deductions like health insurance and 401(k) contributions, prepare and file quarterly reports, and process w-2s at the end of the year. Instead of moving forward toward your vision for your business, you’ll always be treading water, working like crazy just to keep from sinking.

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What is a PEO (& why do you need one)?

Genesis HR Solutions

What is a Professional Employer Organization? A Professional Employer Organization (PEO) allows its clients to outsource many of their human resource functions, share employment liability, and, oftentimes, gain economies of scale to bring an improved benefits package to their employees. Life/AD&D.