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Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Launching a successful benefits program in your workplace calls for a savvy employee benefits strategy. Here, we’ll cover everything you need to know about employee benefits. Common employee benefits Here’s a list of the employee benefits that should be on your radar.

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Small business HR outsourcing options

Business Management Daily

Small business HR outsourcing can allow small businesses to access HR services like wider benefits offerings, employee handbook preparation, and guidance from HR experts that aren’t accessible for many new businesses without an established HR department. A PEO acts as a co-employer rather than an external party.

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What does PEO stand for in HR?

HR Lineup

A PEO also referred to as a professional employer organization, has continued to gain recognition mainly due to its benefits to small and medium-sized organizations within the United States. It has helped such businesses grow by offering HR services in areas where they can’t hire employees full-time.

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What is a PEO and how can it help small businesses?

Higginbotham

At the same time, companies often need employees in order to grow. A Professional Employer Organization (PEO) offers a solution. What are Professional Employer Organizations? PEOs are Professional Employer Organizations. The term co-employment is also used.

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Benefits of outsourcing HR for small businesses

Business Management Daily

This includes things like payroll administration, employee benefits , HR compliance, and talent acquisition. The process is designed to help take some HR functions off of the business’ plate and transfer them to knowledgeable and experienced HR professionals. Outsourcing HR functions removes the burden.

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Are HR Departments A Requirement For Small Businesses?

Genesis HR Solutions

For example, a small business of 20 employees likely doesn’t need to have a full-time HR person, because, frankly, that person won’t have a full-time job ( but to be clear, the need for an HR function exists at all company sizes ). Professional Employer Organizations (PEOs). Consult your local chamber of commerce.

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How an employee assistance program benefits employees

Insperity

There’s a reason why employee assistance programs (EAPs) have become such a popular part of benefits packages for employers and employees alike. According to the Society of Human Resource Management (SHRM) 2019 Employee Benefits Survey , 79 percent of employers reported offering an EAP.).