CoAdvantage – Professional employer organizations (PEOs) offer significant benefits for small to medium-sized businesses (SMBs) by simplifying and enhancing their human resources operations. Managing HR and ensuring compliance in-house can be a complex and time-consuming process. By partnering with a PEO, businesses can consolidate these aspects, such as payroll, benefits, and HR compliance, into a[…]
CoAdvantage – National PEO Week is a great opportunity for small to medium-sized businesses (SMBs) to learn more about the benefits of professional employer organizations (PEOs). Managing human resources and compliance in-house can be a time-consuming and complicated process. With the help of a PEO, businesses can consolidate these aspects of their operations – including[…]
CoAdvantage- Wage growth since the start of the COVID-19 pandemic has been strange, to say the least. Wages grew at historic rates over 2020 – between 2019 and 2020, wages grew by 6.9% for the typical worker, according to the Economic Policy Institute – but that figure may be a little misleading. Most of the[…]
CoAdvantage- Payroll is challenging, difficult, tedious, and – above all else – time-consuming. But getting payroll service right is critical. That’s especially true at small and mid-size companies where executives must wear many hats; owners and managers only have so much time in the day. The Bank Of America Business Advantage Spring 2019 Small Business[…]
CoAdvantage- As one of the most essential and universal employment-related activities, payroll produces a significant amount of documentation, records, and forms. What do employers need to do with this information? Here are the basics of payroll recordkeeping. What payroll records need to be stored? In general, any documentation that relates to payroll calculations or processing[…]
CoAdvantage- In just a matter of months, the U.S. federal government has passed trillions of dollars’ worth of relief packages aimed at helping citizens and businesses to better navigate the aftermath of the COVID-19 pandemic. So much has happened so fast, in fact, that it can be confusing and frustrating trying to keep up. Here’s[…]
CoAdvantage- For many employers, the holidays are their busiest time of the year, and employee workloads can increase to meet customer demands. At the same time, more employees than normal will be requesting time off to celebrate Christmas, New Year’s, and other seasonal holidays. Altogether, employers may find themselves requesting or even mandating overtime from[…]
CoAdvantage- Payroll is vital to any business, and getting payroll right is critical to employee retention. According to The Workforce Institute at Kronos, half (49%) of American workers would start looking for a new job after only two issues with their paycheck. That may be because 87% of American workers live paycheck to paycheck; they[…]
1: Ignoring your brand as an employer. A “company brand” is its reputation and public image in the minds of its customers. A strong, positive brand can encourage customer loyalty and engagement as well as attract new customers. But many businesses, especially smaller ones, fail to think about their “employer brand,” or their reputation and[…]
When business owners partner with a professional employer organization (PEO), they can focus on business building while trusting the PEO to handle certain HR and employee issues. To that end, a PEO’s service model can extend across the entire employee lifecycle – from before they even start until after they’ve left. Here’s how. 1: Recruitment[…]
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