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2/27/2014 OFCCP - Why your small business does not want to be a government contractor

Source: StaffMarket
The US department of Labor has new HR and pay rules for government contractors. It's not pretty.
The political zeal for enforced diversity and now, equal pay in the workplace has spawned a set of hiring guidelines so involved and confusing that no business owner in their right mind should seek to become a government contractor. If you thought figuring out how to comply with ACA was tough, take a look at this guidance from The Department of Labor on:

Interpreting Nondiscrimination Requirements of Executive Order 11246 With Respect to Systemic Compensation Discrimination and Voluntary Guidelines for Self-E valuation of Compensation Practices for Compliance With Nondiscrimination Requirements of Executive Order 11246 With Respect to Systemic Compensation Discrimination.

If the title alone doesn't scare you then take a few days and read the document. Then re-read it. Then think about what your company needs to do to be compliant. Then ask yourself if after doing all those things, you will be able to adequately defend your company from charges of discrimination from any of the new protected classes. Now go stick your head in the oven. Feel's better there doesn't it?
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12/20/2013 Owner destroys business with one stupid move

Source: StaffMarket
Punching out an employee is a bad idea, Especially when you are the owner and need work comp insurance.
At StaffMarket we have reviewed the workers compensation situation for thousands of small businesses across the USA. This week we had a submission from a company hoping to obtain work comp coverage by hiring a Professional Employer Organization. The business has two restaurants in Jacksonville, Florida. The business was seeking some options that provided workers compensation coverage for their employees as required by law. Part of the work comp insurance underwriting process involves insurance carriers reviewing the “loss history” for the company which details the various situations and associated financial costs related to workers’ compensation claims over the last several years.
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9/20/2013 New Study Shows PEO Clients Grow Faster

Source: StaffMarket
New NAPEO study demonstrates that businesses using a PEO have a higher growth rate than those that don't
While the overall environment for small businesses remains challenging, a new study commissioned by the National Association of Professional Employer Organizations (NAPEO) shows that small businesses using a PEO are growing. The increasingly burdensome tasks of meeting tax and regulatory compliance may be a factor hindering small business growth. But, this study shows that businesses who outsource those non-revenue producing compliance tasks to a PEO have reduced both their costs and risks. Those businesses are growing.

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8/30/2013 PEOs get Favorable Ruling on ACA from the Treasury Department

Source: StaffMarket
PEO group health care plans to be treated as employer sponsored plans.
The IRS released final regulations on the requirement that individuals purchase health insurance adheres to the minimum essential coverage standard known as the individual mandate. These rules provided definition to those Professional Employer Organizations - PEOs offering group health plan coverage to employees on behalf of a PEO client employer. Th individual mandate requirement is satisfied by maintaining coverage under an eligible employer-sponsored plan. These new regulations include an eligible employer-sponsored plan offered by a PEO on behalf of a PEO client employer.

Specifically, the definition of eligible employer-sponsored plan in the final regulations (Section 1.5000A-2(c)) provides that an eligible employer-sponsored plan includes, in addition to coverage offered by an employer, (i) group health insurance coverage offered on behalf of an employer to an employee and (ii) a self-insured group health plan under which coverage is offered by, or on behalf of, an employer to the employee.
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8/9/2013 Know your PEO – Preventing Work Comp Fraud

Source: StaffMarket
What business owners should know about PEO Workers' Compensation Certifications
Over the last several years there have been several incidents where business owners have contracted with a PEO to provide workers compensation insurance for their business only to later learn that the PEO did not have a valid workers’ compensation policy in place.

These rare events unfortunately give the entire industry a bad rap. The vast majorities of PEOs provide a valued service and access to insurance products at a competitive price. However, as in all businesses there will be a few bad actors that may financially injure others or commit outright fraud. Remember, insurance is one of the few products people buy where they exchange cold hard cash and in turn receive nothing more than a promise. Each state recognizes that the nature of any insurance product is ripe for fraud and has implemented checks and regulations to ensure insurance companies have the financial ability to meet their obligations to their policy holders.

A recent case in Florida serves as an example: "An investigation by the Department of Financial Services Division of Insurance Fraud revealed that Otto Biltres, owner of a temporary staffing agency called Preferred Staffing of America, Inc., knowingly misled consumers into believing that his company was a licensed professional employer organization (PEO) and could perform PEO services such as providing workers’ compensation insurance coverage to client companies. Biltres charged client companies more than $130,000 for services and workers’ compensation insurance that was never provided."
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8/6/2013 Detroit business exodus: Fight back with a PEO?

Source: StaffMarket
Detroit business exodus: Are the same problems coming for your business? Business owners in Detroit explain why the moved their companies out of the city.
A recent article at American Thinker exposes some of the key costs and risks that business owners face when trying to staff their companies in an area that becomes hostile to employers. The stories about the problems of Detroit span the spectrum from race to politics to crime to global economics. But one factor that gets overlooked is the hostile environment Detroit created for small businesses. As we all know, small businesses create the majority of jobs in America but the problems they face don’t get much attention. When small businesses fold or flee, the underpinnings of a local economy are in peril.

In this article I would like to comment on the frustrations expressed by the business owners quoted in the New American story and note how in many cases these same problems are happening across the USA. PEOs are in business to help their client companies address these risks.

Excerpts from The American Thinker "How Detroit Almost Killed My Business" are highlighted in red: Businessman Don Wilkie discusses his experience as a small business owner in Detroit and explains his reasons for relocating his business. His story is something many small business owners can relate to.

Rather, the beam that really broke the behemoth’s back was built with "Unemployment Insurance, Workman's Compensation and Wrongful Discharge (i.e. age discrimination, sex discrimination, racial discrimination etc.) [lawsuits]," writes Wilkie. He says there’s a dearth of jobs in the city because "in Detroit, hiring someone became the worst thing an employer could do, and being fired became one of the best days in an employee's life."

Let's take a look at the three main things Mr. Wilkie mentioned, why they are important for business owners and how hiring a PEO could have reduced Mr. Wilkie's pain.

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Latest Comment: - 1/15/2014
Detroit business exodus
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7/30/2013 HR - Big savings for small business

Source: The Fiscal Times
Article is largely a commercial for TriNet, but does discuss some great PEO subjects.
Yet Professor Peter Cappelli of University of Pennsylvania’s Wharton Business School, disagrees. "I'm usually not a fan of these things, but this is one of those rare instances that is both cheaper and better," he says. "It's a big burden on a local HR manager to know everything."
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