article thumbnail

How professional employer organization (PEO) pricing works

Insperity

If you’re considering entering into an agreement with a professional employer organization (PEO) , chances are you have questions about how PEO pricing works. Employer overhead (in excess of compensation) typically costs between 1.25% and 1.4% of an employees’ salary, according to the U.S.

article thumbnail

Your HR budget: 6 line items to prioritize right now

Insperity

These include: Recruiting Hiring Onboarding Compensation Benefits Training Software and other technology Administrative costs It’s always good practice to re-evaluate your budget allocation and all line items routinely. In a tight labor market, salary increases are simply a savvy move to remain competitive and combat turnover.

Salary 101
Insiders

Sign Up for our Newsletter

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

article thumbnail

A Guide to Payroll Management: Ensuring Smooth Financial Operations

Qandle

This not only facilitates precise salary calculations but also serves as a valuable resource for audits and financial planning. It encompasses the calculation and disbursement of salaries, wages, bonuses, and deductions in a systematic and organized manner. The Integration of Technology can be challenging for some businesses.

article thumbnail

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

Insperity

Layoffs can be temporary, and you may choose to call back laid-off employees, but an employer who uses the term “temporary layoff” makes no formal guarantee of future job availability. When employers plan to permanently reduce headcount at the time of termination (e.g., What is a furlough? Are you in search of a PEO?

PTO 93
article thumbnail

How HR can give your company’s employee retention strategy a boost

Insperity

Many companies now leverage HR technology , data analytics and artificial intelligence to help them know their workforce on a deeper and more proactive level. People analytics Your efforts to understand the employee mindset and the drivers behind resignation decisions don’t have to be limited to surveys and interviews.

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. Salary benchmarking.

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).