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31 HR Acronyms Explained

Genesis HR Solutions

For employers and employees, there are myriad HR terms to know and understand. 1099: A form that reports income from self employment earnings, interest and dividends, government payments, and more. TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. ( Which ones did I miss?

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16+ types of employee benefits you should consider

Genesis HR Solutions

At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans.

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5 steps to more financially stable employees

Insperity

This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexible spending accounts, retirement plans and more. Make a 401(k) plan available to them. Promote the money-saving value of a flexible spending account.

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Health Care Reform: How a PEO Can Put Your Mind at Ease

Insperity

If you’d rather focus on the core functions of your business, a relationship with an HR outsourcing company – more specifically, a professional employer organization (PEO) – can help with the complexity, compliance and cost brought on by health care reform. flexible spending accounts, life and disability insurance).

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Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

In exchange for this benefit, employees give up their right to sue their employer over their work-related injury, regardless of which party is at fault. 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. Internal Revenue Service (IRS) each year.

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7 PEO benefits that can save you money

Insperity

How about having a trusted set of advisors to guide your company on employment issues? They are when you outsource your heaviest HR burdens to a professional employer organization (PEO). PEOs do more than just save time and headaches by handling many employer responsibilities. What exactly is a PEO? HR compliance.

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Understanding the cost of employee benefits & what it means for your company

Genesis HR Solutions

Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. 401(k) and retirement plans. How the benefits expenses are shared (or not) is determined by the employer. and accounted for the remaining 31.8