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31 HR Acronyms Explained

Genesis HR Solutions

1099: A form that reports income from self employment earnings, interest and dividends, government payments, and more. IRS ) W-4: A form used by employers to withhold the proper amount of federal income tax from employees’ paychecks. ( This cheat sheet explains several common human resource acronyms.

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Considerations For A Successful PEO Exit Strategy

Griffin Benefits

Has your company outgrown its Professional Employer Organization (PEO)? You may need an HR program that’s more customized for your organization’s needs than a PEO can provide. Mid-year terminations may increase employee expenses for those who have reached their deductible or out-of-pocket maximums.

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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. Oftentimes, people will pay more monthly for car insurance so they can get a low deductible, usually $500.

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5 ways you can help employees get the most from their benefits

Insperity

For instance, what costs are the employees responsible for (partial premiums, deductibles, etc.)? When will premiums be deducted from employees’ paychecks? How does a flexible spending account work? Download our free e-book, HR Outsourcing: A Step-by-Step Guide to Professional Employer Organizations (PEOs).

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4 Health Insurance Options For Small Business Owners

Genesis HR Solutions

*GenesisHR can help your small business get HRA plan documents; administer your ICHRA; take deductions through payroll, and more. PEO stands for “professional employer organization”; small and midsize businesses that engage a PEO gain an ally when it comes to health insurance. You can learn more here.

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Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Flexible spending accounts (FSAs) and health savings accounts (HSAs) HSAs and FSAs can help employees better prepare for medical expenses and, in the case of HSAs, even help employees enhance their retirement savings. Bureau of Labor Statistics (BLS) , private-sector employers spend an average of $2.86