PEOChat.com is a moderated forum sponsored by StaffMarket.com. We welcome everyone involved in the Professional Employer Organization and HR Outsourcing industry who will contribute intelligent dialog on subjects that are important to the success of PEOs. If you have a special topic that you would like to see discussed, please email us and we will create a new article for you.
| Listing Date | Article Link | Article Review / Excerpt | Reader Comments |
| 8/15/2010 | University of Louisville Nucleus Hires a PEO Source: The Lane Report | University of Louisville Kentucky created an economic development entity called Nucleus to leverage the innovations in Life Sciences into the marketplace. Nucleus recognized the value provided by a Professional Employer Organization and has partnered with a PEO to provide their startup with a full suite of HR services. UofL Nucleus has also developed relationships with a number of entities to provide services needed by start-up companies. For instance, UofL Nucleus has entered into a contract with a professional employer organization (PEO) that can provide the full compendium of benefits to a start-up company, including healthcare benefits, as if the small company was a large employer. The PEO also offers back-of-the-office type services such as employment manuals and legal services. | ![]() Post the first comment about: University of Louisville Nucleus Hires a PEO |
| 8/11/2010 | Should You Outsource your HR? Source: Fast Casual | A tax advisor in the restaurant and hospitality industry provides some guidance for business owners about outsourcing their Human Resource tasks by engaging a Professional Employer Organization. One area of outsourcing that is becoming increasingly popular is the human resources administration function, through the use of a professional employer organization, or PEO. Sometimes referred to as an employee leasing company, a PEO enables you to outsource the human resource management functions, including payroll, employee benefits, record keeping, and workers compensation coverage. However, before deciding to outsource that important function, the restaurant owner must fully consider the benefits and risks of such an arrangement. | ![]() Post the first comment about: Should You Outsource your HR? |
| 8/7/2010 | More Profitable Than Ever Source: Architectural Record | A New York City architecture and engineering firm gets serious about cutting costs and discovers a PEO can provide cost effective solutions for reducing HR and insurance costs. We started by looking at our insurance and benefits," says Carpenter. "As a small firm, we simply didn't have enough people to get good health-insurance rates. We joined a professional employer organization (PEO). It takes care of payroll, benefits, and insurance." One of the advantages for both the firm and employees (who are technically coemployed by the Meltzer/Mandl and ADP) is that they can receive health insurance at far less cost than they could as a small group. Costs for both the employees and the firm, which pays half of the employees' health-insurance costs, have gone down by half. "Our employees are able to get much better insurance than we could offer them." The PEO also carries the firm's workers' compensation insurance, which in the past had been a major expense. | ![]() Post the first comment about: More Profitable Than Ever |
| 8/5/2010 | The Healing Game Source: Colorado Biz | A PEO executive warns against playing games with employees to circumvent health reform rules for companies with over 50 employees. And larger businesses are creating ways to reap the under-50 rewards, Regalado said. "People are getting very clever about it," he said, referring to talk of firing and hiring back staff. For instance: Maybe a 70-employee company will fire 25 staff members and hire the workers back through an employment staffing company or a Professional Employer Organization, he said. Between the fact that legitimate PEOs "don't play that game," and that the government is sure to rapidly respond to such ploys, Greg Hammond advises scheming businesses to reconsider. The hire-and-fire ploy has been played out before with COBRA, the Consolidated Omnibus Budget Reconciliation Act, which requires companies of 20 or more to offer extended health care coverage in certain circumstances. A provision was written into the Internal Revenue Code to prevent such circumvention. "That doesn't work. Those employees are still working for you," said Hammond, the chief legal officer for TriNet, a large PEO. | ![]() Post the first comment about: The Healing Game |
| 5/26/2010 | Hawaii Passes PEO Legislation Source: StaffMarket | In May of 2010 the State of Hawaii passed legislation - SB1062 that impacts PEOs operating in Hawaii | ![]() Post the first comment about: Hawaii Passes PEO Legislation |
| 4/18/2010 | Capitol Hill Efforts Support PEOs on Health Care Reform Act Source: StaffMarket | Questions surrounding the impact of the Health Care Reform Act on Professional Employer Organizations (PEOs) and PEO clients took a positive step on March 30, 2010 when Senator Nelson of Florida discussed the value provided by PEOs to small business throughout the USA and the intent of the legislation to not penalize employers from joining a PEO and thus exposing themselves to the regulatory demands of larger employers. | ![]() Post the first comment about: Capitol Hill Efforts Support PEOs on Health Care Reform Act |
| 3/14/2010 | Wisconsin PEO Legislation Source: State of Wisconsin | The State of Wisconsin has moved to revise the regulatory requirements for Professional Employer Organizations operating in the state. After approval, the new rules allow PEOs with less than 50 worksite employees to register with the state as "small operations" and removes the requirement of the PEO to provide financial statements to the department. In addition the state will maintain and publish a list of all PEO and PEGs (2 or more PEOs). Other provisions specify that all state taxes, assessments or benefits required by the state must be paid by the PEO client. This bill provides that the employees of a PEO or PEG who are providing services for the client will also be considered the employees of the client for the purposes of determining the value of any tax credits or economic development incentives that may be provided by a local governmental unit to a client who provides employment. | ![]() Post the first comment about: Wisconsin PEO Legislation |
| 3/12/2010 | Nebraska PEO Legislation Source: StaffMarket | Nebraska moves forward with PEO legislation. | ![]() Post the first comment about: Nebraska PEO Legislation |
| 1/28/2010 | State of Ohio moves forward with PEO Legislation Source: State of Ohio | The State of Ohio has moved forward to consider legislation regarding the operation of Professional Employer Organizations operating in Ohio. Included in the bill are provisions for PEOs to be the employer of record for Unemployment Insurance and to use subaccounts for client level tracking. Also included were provisions for benefit plan sponsorships and clarification of workers' compensation classifications. (1) A professional employer organization shall not be liable for the acts, errors, and omissions of a client employer or a shared employee when those acts, errors, and omissions occur under the direction and control of the client employer. (2) A client employer shall not be liable for the acts, errors, and omissions of a professional employer organization or a shared employee when those acts, errors, and omissions occur under the direction and control of the professional employer organization. (D) Nothing in divisions (B) and (C) of this section shall be construed to limit any liability or obligation specifically agreed to in the professional employer organization agreement. | ![]() Post the first comment about: State of Ohio moves forward with PEO Legislation |
| 1/21/2010 | State of New Hampshire changes stance on PEO Sponsored Group Health Insurance Plans Source: State of New Hampshire | The State of NH insurance commissioner has changed his stance on the authorization of PEOs to offer clients in New Hampshire access to their group health plans. | ![]() Post the first comment about: State of New Hampshire changes stance on PEO Sponsored Group Health Insurance Plans |
| 1/19/2010 | State of Nebraska introduces PEO legislation Source: State of Nebraska | Some issues remain for Nebraska legislators to review prior to approval of this PEO legislation. | ![]() Post the first comment about: State of Nebraska introduces PEO legislation |
| 12/28/2009 | Florida moves to amend UI reporting for Employee Leasing Companies Source: State Of Florida | The State of Florida Senate bill S1062 will require employee leasing companies and Professional Employer Organizations to report employment related data on their clients to the Labor Market Statistics Center within the Agency for Workforce Innovation on a quarterly basis. The motivation for the collection of this information is more accurate information about the employment in various industries and a better understanding of the impacts on the state unemployment insurance compensation funding contributions. "Employee leasing company" means an employing unit that has a valid and active license under chapter 468 and that maintains the records required by s. 443.171(5) and, in addition, is responsible for producing quarterly reports concerning the clients of the employee leasing company and the internal staff of the employee leasing company. | ![]() Post the first comment about: Florida moves to amend UI reporting for Employee Leasing Companies |
| 11/2/2009 | State of Texas Proposes Updates to Staff Leasing Regulations Source: State of Texas | Texas is considering amending the law regarding employee leasing companies requirements for "net worth" of the PEO to "working capital" among other changes. Proposed rule 72.40 details the proof of net worth requirements for staff leasing services companies, which are set out in general terms in the statute and which are critical for ensuring the performance of the companies’ obligations to their clients and assigned employees. The proposed rules explain the options for demonstrating net worth that are available to staff leasing services companies. They detail the general requirements that are applicable to all options and the specific requirements that accompany each option. | ![]() Post the first comment about: State of Texas Proposes Updates to Staff Leasing Regulations |
| 10/29/2009 | Alphastaff Acquires Selective HR Solutions Source: PR Inside | Selective HR Solutions of Sarasota, Florida has been acquired by Alphastaff Inc of Ft. Lauderdale, Florida. Selective HR Solutions has been part of Selective Insurance with Headquarters on Branchville, New Jersey. According to the press release an estimated 20K worksite employees of Selective HR will be affected by the acquisition and the number of client companies affected was not disclosed. Selective HR has been marketed through their network of Selective insurance agents and the acquisition is being billed as a way for Alphastaff to expand their agent network as well as increase their client count. Alphastaff has committed to maintaining Selective HR's pricing with the affected clients, however the transition planning for clients to move from Selective HR's payroll and PEO platforms to Alphastaff was not disclosed. Starkman noted that a key factor in the deal was the vast potential to increase sales by offering AlphaStaff’s robust product and commission structure to Selective Insurance’s over 900 agents. AlphaStaff will be the only PEO partnering with the insurance subsidiaries of Selective Insurance Group, Inc. for workers compensation insurance pursuant to the terms of the agreement. | ![]() Post the first comment about: Alphastaff Acquires Selective HR Solutions |
| 10/2/2009 | Vetting E-Verify Source: QDR Magazine | Problems for employers are discussed when social security numbers provided by employees do not match the IRS records and what E-Verify means for employers. Also of concern for quick-service analysts are the added time, cost, and security liabilities E-Verify might bring. Elizabeth Murray is vice president of human resources and chief legal officer for professional employer organization Modern Business Associates. Several of her clients are quick-service owners seeking help in setting up E-Verify for their businesses. Murray says making E-Verify mandatory could place a technological and financial burden on many quick-service businesses that they are not prepared to handle. “A quick-service restaurant that does not have the needed equipment and space, or that does not have back-office support, could find compliance with E-Verify to be difficult and potentially costly,” Murray says. | ![]() Post the first comment about: Vetting E-Verify |
| 9/29/2009 | Colorado Amends UI Laws Regarding Employee Leasing Source: Commerce Clearing House | Brief on SUTA rules for PEO and employee leasing companies in Colorado. The Act now requires employee leasing companies to notify the Division as to whether the company elects to report and pay unemployment insurance taxes as the employing unit or whether it elects to report taxes attributable to employees under the respective accounts and rates for each work site employer. Employee leasing companies electing to report and pay unemployment insurance taxes as the employing unit under its own unemployment accounts and tax rates are permitted to change the election one time after the initial election by notifying the Division no later than the end of the current calendar quarter. An employee leasing company's election to pay unemployment taxes under the respective unemployment accounts and tax rates of the work site employer is final and may not be reversed. | ![]() Post the first comment about: Colorado Amends UI Laws Regarding Employee Leasing |
| 9/29/2009 | Employee Leasing Rules Eased in New Hampshire Source: New Hampshire Business Review | New law allows PEO Client Service Agreements to specify which party is responsbile for violations of state labor laws. New Hampshire PEO clients should check their CSA for definition of liability. The new law also allows leasing companies to get two workers' compensation carriers, which should give them more flexibility in which occupations to place their workers. The bill does require leasing companies to file audited financial statements with the state. | ![]() Post the first comment about: Employee Leasing Rules Eased in New Hampshire |
| 9/20/2009 | Ohio Moves Forward With Legislative Clarity for PEOs Source: State of Ohio | Ohio clarifies the ability of PEO clients to retain all applicable tax credits. For purposes of determining tax credits and other economic incentives that are provided by this state or any political subdivision and based on employment, shared employees under a professional employer organization agreement shall be considered employees solely of the client employer. A client employer shall be entitled to the benefit of any tax credit, economic incentive, or similar benefit arising as the result of the client employer's employment of shared employees. If the grant or amount of any tax credit, economic incentive, or other benefit is based on number of employees, each client employer shall be treated as employing only those shared employees coemployed by the client employer. Shared employees working for other client employers of the professional employer organization shall not be counted as employees for that purpose. | ![]() Post the first comment about: Ohio Moves Forward With Legislative Clarity for PEOs |
| 8/8/2009 | PEOs: Recession Proof? Source: Bradenton Herald | Article discusses the business environment for several Florida based PEOs. “Small business leaders have learned that the best strategy to navigate a turbulent economy is to devote their finite resources to what they do best and outsource the rest,” said Burton M. Goldfield, president and chief executive officer of TriNet. “These products give them a customized HR solution that will boost their productivity and profitability.” | ![]() Latest Comment: - 8/8/2009 Recession and PEOs Read All 1 Comments about: PEOs: Recession Proof? |
| 7/21/2009 | PEOs Focus on employees so you can focus on members Source: ASAE | The CEO of the National Association of Dental Plans discusses the benefits they have gained by using a Professional Employer Organization. However, small associations often have difficulty finding and maintaining good health coverage at affordable rates. Through the coemployment relationship established with a PEO, an association's risk is pooled with other businesses to create stability in coverage and cost. NADP's 2009 rate increase for health coverage is less than two thirds the average rate increase for the Dallas area. PEOs also provide 401(k)s, flexible spending accounts, disability and life insurance, and a host of other benefits that you can tailor to suit your environment. | ![]() Post the first comment about: PEOs Focus on employees so you can focus on members |
| 7/7/2009 | North Carolina House Insurance Committee Endorses PEO Amendment Source: North Carolina Legislature | The North Carolina House Insurance Committee has endorsed an amendment that would allow PEOs to continue to sponsor self-funded insurance plans. In the wake of the demise of the Castleton Group, the North Carolina department of Insurance sought regulatory changes that require PEOs operating in NC to post a $500K bond and eliminated the ability of PEO to offer self-funded insurance plans. Efforts to change the prohibition on self funded plans is underway, however the new additional PEO bonding requirement appears to be a new requirement in North Carolina that will stand. A BILL TO BE ENTITLED - AN ACT TO AMEND THE NORTH CAROLINA PROFESSIONAL EMPLOYER ORGANIZATION ACT CONCERNING BONDING PROVISIONS AND MAINTENANCE OF EMPLOYEE BENEFITS, AND TO CLARIFY THE APPLICATION OF TAX CREDITS AND OTHER INCENTIVES TO PROFESSIONAL EMPLOYER ORGANIZATIONS. | ![]() Post the first comment about: North Carolina House Insurance Committee Endorses PEO Amendment |
| 7/2/2009 | Arizona Senate to review workers' compensation coverage options for PEOs and PEO clients. Source: State of Arizona | Already passed by the Arizona house, HB 2087 allows PEOs to offer either master policy coverage or individual policies to PEO clients. Insurers will be required to report loss experience at the client level. If a professional employer agreement does not provide for the professional employer organization to purchase workers' compensation for covered employees, the client is responsible to purchase a client based policy for all employees, including the covered employees.If the professional employer agreement provides for the professional employer organization to purchase the workers’ compensation for covered employees pursuant to section 23-562, the professional employer organization shall fulfill the responsibility through an individual policy, a master policy or multiple coordinated policies obtained from a carrier or carriers licensed to do business in this state. | ![]() Post the first comment about: Arizona Senate to review workers' compensation coverage options for PEOs and PEO clients. |
| 6/10/2009 | Ohio legislature considers amendments to PEO laws Source: State of Ohio | The state of Ohio moves to enact legislation that establishes financial capacities and clarify the rights of PEOs and their client companies. A financial statement required under division (B)(7) of this section for initial registration shall be the most recent financial statement of the professional employer organization or professional employer organization group of which the professional employer organization is a member and shall not be older than thirteen months. For each registration renewal, the professional employer organization shall file the required financial statement within one hundred eighty days after the end of the professional employer organization's or professional employer organization group's fiscal year. A professional employer organization may apply to the administrator for an extension beyond that time if the professional employer organization provides the administrator with a letter from the professional employer organization's auditor stating the reason for delay and the anticipated completion date. | ![]() Post the first comment about: Ohio legislature considers amendments to PEO laws |
| 6/5/2009 | Florida puts new reporting requirements on Professional Employer Organizations. Source: State of Florida | Florida passes "Accurate Employment Statistics Enhancement Act" to require PEO and Employee Leasing companies to submit client level detail information to the state government for use in unemployment compensation data analysis. Known as Florida House bill HB641 and Senate bill SB1062. The bill amends the definition of “employee leasing company” in s. 443.036(18), F.S., to include a statement that requires employee leasing companies to produce quarterly reports concerning their clients and internal staff. The new definition will require employee leasing companies to “produce quarterly reports concerning the clients of the employee leasing company and the internal staff of the employee leasing company.” Quarterly reports will provide AWI with more timely and accurate labor market statistics. | ![]() Latest Comment: - 6/9/2009 What about client names? Read All 1 Comments about: Florida puts new reporting requirements on Professional Employer Organizations. |
| 6/3/2009 | State of Nevada approves PEO legislation Source: State of Nevada | The state of Nevada has approved significant enhancements to PEO legislation. New provisions ensure PEOs have flexibility for providing clients with workers' compensation insurance coverage and ensures uniform financial standards for the PEO industry. AN ACT relating to employee leasing companies; authorizing the Administrator of the Division of Industrial Relations of the Department of Business and Industry to adopt regulations relating to a third party that may act on behalf of an employee leasing company; providing various means for an employee leasing company and its clients to provide workers’ compensation coverage; requiring employee leasing companies to pay an annual registration fee; requiring employee leasing companies to submit certain audited financial statements; providing the means by which an employee of an employee leasing company may notify a supervisor of an injury for the purposes of industrial insurance; and providing other matters properly relating thereto. | ![]() Latest Comment: - 6/11/2009 PEO Legislation Read All 1 Comments about: State of Nevada approves PEO legislation |
| 5/29/2009 | State of Texas upgrades PEO legislation Source: State of Texas | The State of Texas has modified the Texas PEO statutes to include new definitions for PEO working capital requirements as well as ensure PEO clients are defined as the eligible parties for other employer based tax credits. PEOs renewing their licenses and seeking new licenses to operate in Texas will need to be compliant with the provision effective December 31, 2011. C.S.H.B. 2249 strengthens financial standards for staff leasing services companies, establishes a superior standard for determining a staff leasing services company's liquidity, creates maximum efficiencies at TDLR for the staff leasing services company licensing process, and allows a staff leasing services company to use an approved assurance organization to act on its behalf in complying with licensing requirements. The bill clarifies that nothing in a staff leasing services arrangement affects the ability of a client company to qualify for tax credits or other economic incentives. The bill requires a staff leasing services company to provide employment information required for the administration of any tax credit, grant, or economic incentive that is based on employment. | ![]() Post the first comment about: State of Texas upgrades PEO legislation |
| 5/29/2009 | Nebraska moves forward with PEO legislation Source: State of Nebraska | Nebraska moves forward with proposed PEO legislation and will consider the bill (LB570) as early as January 2010. Unless otherwise expressly agreed by the professional employer organization and the client in a professional employer agreement, the client retains the exclusive right to direct and control the covered employees as is necessary to conduct the client’s business, to discharge any of the client’s fiduciary responsibilities, or to comply with any licensure requirements applicable to the client or to the covered employees. | ![]() Post the first comment about: Nebraska moves forward with PEO legislation |
| 5/6/2009 | North Carolina Senate moves to amend PEO regulations Source: State of North Carolina | The North Carolina Senate has approved an amendment to the state regulations for PEOs to be licensed in the state. The act - Senate Bill S1029 stipulates that all PEOs licensed prior to October 1, 2008 must post a $100,000 surety bond. PEOs licensed after this date must post a bond equal to five percent of the prior years total sages, benefits, work comp premiums and UI contributions up to a max $500,000. | ![]() Post the first comment about: North Carolina Senate moves to amend PEO regulations |
| 4/28/2009 | PEOs Ease Human Resource Concerns for Small Business Source: Nebraska Cattleman | Nebraska feedlot owners and managers discover the advantages of using a PEO. In the case of the feedlot, the frequency and severity of workmen’s comp issues is much higher than in urban companies, as feedlot cowboys grapple with getting potloads of finished cattle into loading chutes, and ranch cowboys tangle with disagreeable cows at weaning time. Accordingly, aside from HR services, ag-related PEOs provide guidance for improving workplace safety and managing workers’ compensation claims. | ![]() Post the first comment about: PEOs Ease Human Resource Concerns for Small Business |
| 4/11/2009 | Outsourcing still effective in saving business funds
Source: Wisconsin Post-Crescent | New Wisconsin law makes HR outsourcing with a PEO more viable. Not only do PEOs save businesses money and tackle HR matters, they can provide additional savings not accessible to all businesses. Because PEOs provide services to many companies, they can take advantage of economies of scale by combining all of their "employees" to obtain cheaper group rates for life, disability, health, unemployment or workers' compensation insurance and other benefits. | ![]() Post the first comment about: Outsourcing still effective in saving business funds |
| 4/6/2009 | Outsource human resources to make time for making money Source: Kansas City Star | Kansas City companies confirm the operating efficiencies obtained when they hire a PEO to take over non-revenue producing tasks. "The way many small businesses survive bad economic times is to cut costs, which I refer to as saving paper clips," Milan Yager of NAPEO said. "But you can't save enough paper clips to make money. At some point, you have to increase revenues. What PEOs do is give owners their time back." The concept behind PEOs isn't new. Employers have been using outside services for payroll, insurance and other functions for years. The difference is that PEOs provide one-stop shopping for everything from payroll and risk management to employee recruitment, retention and termination. | ![]() Post the first comment about: Outsource human resources to make time for making money |
| 3/13/2009 | State of New Hampshire clarifies rules for PEOs with Group Health Plans. Source: State of New Hampshire | Earlier communications from the state of New Hampshire were incorrect and were corrected in the linked memo. | ![]() Post the first comment about: State of New Hampshire clarifies rules for PEOs with Group Health Plans. |
| 3/9/2009 | Verifying Green Cards Not So Easy Source: Long Island Business News | New York company gets caught in grey area when applicants provide bogus work credentials. We’re clearly moving toward more oversight,” said Dawn Davidson Drantch, director of employee relations and counsel a professional employer organization providing human resources services. Mitchell Zwaik, an immigration attorney based in Bohemia, said, “The move is toward enforcement of the rules more than toward changing the rules. The basic principle hasn’t changed.” Employers must complete I-9 forms within three days of hiring, obtaining documents showing identification and right to work. But employers have traditionally filed and forgotten these documents. | ![]() Post the first comment about: Verifying Green Cards Not So Easy |
| 3/2/2009 | Some companies find savings in outsourced HR services Source: Jacksonville Business Journal | PEOs can offer hard and soft dollar savings for small businesses. The added pressures of a harsh economic climate that has forced many businesses to lay off workers and do more with less have provided little relief. But professional employer organizations, which are essentially outsourced human resources, are flourishing in this climate by offering small businesses the chance to outsource their headaches and save money at the same time. | ![]() Post the first comment about: Some companies find savings in outsourced HR services |
| 2/25/2009 | Mass Layoffs in January 2009 Source: Bureau of Labor Statistics | The BLS reports on the industries reporting the highest number of mass layoffs initial claims in January 2009. Professional Employer Organizations report 11,345 initial claims for January 2009. | ![]() Post the first comment about: Mass Layoffs in January 2009 |
| 2/17/2009 | ADP TotalSource Financial Results Source: Seeking Alpha | ADP Reports 2008 fourth quarter financial results By segment, Employer Services (ES) revenue grew 6% to $1.64 billion with 3% growth in the U.S. payroll and tax filing business and 10% growth in beyond payroll revenue. Year–to-date client retention declined 0.5 percentage points. The dollar value of new business sales declined 13% for ES and Professional Employer Organization (PEO) Services due to price sensitivity and the increased number of companies going out of business. PEO Services revenue grew 14% to $285.4 million and Dealer Services revenue decreased 1% to $342.7 million. | ![]() Latest Comment: - 2/17/2009 Dollar Value? Read All 1 Comments about: ADP TotalSource Financial Results |
| 1/15/2009 | Nebraska PEO Legislation Introduced Source: State of Nebraska | The Legislature finds: That professional employer organizations provide a valuable service to commerce and the citizens of this state by increasing the opportunities of employers to develop cost-effective methods of satisfying their personnel requirements and providing employees with access to certain employment benefits which might otherwise not be available to them; That professional employer organizations operating in this state should be regulated by the Department of Labor; and That any allocation of the employer duties and responsibilities pursuant to the Professional Employer Organization Registration Act will preserve all rights to which covered employees would be entitled under a traditional employment relationship. | ![]() Post the first comment about: Nebraska PEO Legislation Introduced |
| 1/15/2009 | Wyoming PEO Legislation Source: State of Wyoming | Each professional employer organization operating within this state as of July 1, 2009 shall complete its initial registration not later than one hundred eighty days after July 1, 2009. The initial registration shall be valid until one hundred eighty (180) days from the end of the professional employer organization's first fiscal year end that is more than one (1) year after July 1, 2009. Each professional employer organization not operating within this state as of July 1, 2009 shall complete its initial registration prior to commencement of operations within this state. | ![]() Post the first comment about: Wyoming PEO Legislation |
| 1/14/2009 | North Dakota Debates removing PEO Financial Requirements Source: State of North Dakota | The state of North Dakota proposed amending existing legislation that requires professional employer organizations to provide audited financial statements as a condition of obtaining a license to operate in the state. Industry representatives are opposing the measure and it has been tabled until a subcommittee returns to the legislature with its findings. A person may not provide, advertise, or otherwise hold itself out as providing professional employer services, unless the person is licensed under this chapter. A person engaged in the business of providing professional employer services shall obtain a license regardless of its use of the term or conducting business as a "professional employer organization", "staff leasing company", "registered staff leasing company", "employee leasing company", "administrative employer", or any other name. | ![]() Post the first comment about: North Dakota Debates removing PEO Financial Requirements |
| 1/9/2009 | State of Colorado moves forward with Employee Leasing Legislation Source: State of Colorado | The Colorado department of Labor and Employment moves to implement PEO and employee leasing regulations for the first quarter of 2009. Each employee leasing company shall pay wages and collect, report, and pay all payroll-related taxes from its own accounts for all covered employees. each employee leasing company shall pay unemployment compensation insurance taxes and provide, maintain, and secure all records and documents required of work-site employers under the unemployment insurance laws of this state for covered employees. For unemployment reporting purposes, each employee leasing company is the only employing unit for covered employees and shall have the responsibility for unemployment compensation insurance as required of an employer pursuant to the "Colorado employment security act", articles 70 to 82 of this title. | ![]() Post the first comment about: State of Colorado moves forward with Employee Leasing Legislation |
| 1/8/2009 | State of North Carolina sets PEO bond requirements Source: State of North Carolina | Renewal application still must meet the $100K bond requirements. | ![]() Latest Comment: - 5/24/2010 PEO SURETY BOND Read All 1 Comments about: State of North Carolina sets PEO bond requirements |
| 11/21/2008 | Employers Hurt by Swollen Health Care Costs Source: Long Island Business News | The drastic rise in the costs for employer for health insurance is fueling demand for Health Savings Accounts or HSAs Another option is an HSA, in which dollars are allocated to employees, who can roll the accounts over every year and take them with them when they leave. I have a host of clients that uses HRAs, and a host of clients that uses HSAs,” Bradley said. “Some companies prefer HRAs because they are not as cumbersome to set up, and they retain the funds, rather than returning them to employees.” But others favor the HSA for the effect it has on employees. “It encourages them to become better consumers of health care, since they’re spending their own money,” Bradley said. For instance, “if the money is coming out of their own pocket, consumers might ask doctors if they really need all three tests, or if they really need 100 pills instead of 50,” said Lou Basso, president of The Alcott Group, a Farmingdale-based professional employer organization and provider of human resources services. | ![]() Latest Comment: - 11/24/2008 Remember the major medical pla Read All 1 Comments about: Employers Hurt by Swollen Health Care Costs |
| 10/2/2008 | HR 7103 Introduced to Congress - tax treatment and reporting of wages paid by professional employer
organizations. Source: PEO Legislation Introduced to Congress | Also known as the small business efficiency act. A certified professional employer organization entering into a service contract with a customer with respect to a work site employee shall be treated as a successor employer and the customer shall be treated as a predecessor employer during the term of such service contract. | ![]() Post the first comment about: HR 7103 Introduced to Congress - tax treatment and reporting of wages paid by professional employer organizations. |
| 10/1/2008 | Administaff Announces Results of Business Survey and Compensation Data Source: Business Wire | Survey of small and medium sized businesses show more caution for 2009. The economy was listed by 81.5 percent of business owners as their biggest concern for 2009 versus 45.8 percent last year. More than 60 percent listed controlling costs as a leading concern, compared to 53.3 percent in Nov. 2007. Rising health care costs were another concern for 43.1 percent of respondents, a slight decrease from 44.6 percent in 2007. Retaining their most valued employees ranked fourth by 31.2 percent of those polled, and 28.9 percent of respondents listed hiring the right people. | ![]() Latest Comment: - 11/14/2008 What about product pricing? Read All 1 Comments about: Administaff Announces Results of Business Survey and Compensation Data |
| 9/14/2008 | Agencies can offer power in numbers Source: Florida Keys Keynoter | Companies in the Florida keys discuss the advantages of co-employment, employee leasing and PEO arrangements. “It helps me stay more focused on what I do, and that’s construction,” he said. “They keep me more in the field and out from behind a desk. Compared to what I was spending doing payroll myself and paying workman’s compensation, I’m saving at least 30 percent going through them.” A PEO provides outsourcing of payroll, workers’ compensation, human resources and employee benefits administration. It does this by hiring a client company’s employees, and becoming their employer of record. It then leases them back under contract to the original employer. This is known as co-employment, employee leasing or staff leasing. | ![]() Latest Comment: - 10/30/2008 Read All 2 Comments about: Agencies can offer power in numbers |
| 9/2/2008 | Payroll Issues - Knowing when to ask for help Source: Nevada Business Journal | Article reviews the ever-changing complexities of doing payroll correctly and maintaining legislative compliance.
Similarly, more companies are outsourcing to professional employer organizations (PEOs), which provide payroll, workers compensation, human resources and employee benefits administration. However, unlike a BPO, PEOs assume employer risks for their clients via co-employment. The PEO becomes the employer of record for tax and insurance purposes. This industry has evolved to where you can go from being the employer into a PEO relationship and not ever have to worry about or know these rules because the PEO handles it as a co-employer. | ![]() Post the first comment about: Payroll Issues - Knowing when to ask for help |
| 9/2/2008 | Fast Growing PEOs crucial for small businesses Source: Chicago Business Ledger | Why some Chicago businesses have partnered with a PEO for HR Outsourcing services. The process usually involves one HR professional within a PEO who is designated as a representative for a small stable of clients. When employees in any client company have HR-related questions or problems, they can directly call their representative to get the issue resolved. The value proposition for client companies is that a PEO saves time and labor costs associated with payroll and the administration of benefit plans. In addition, the client company may also be able to offer a better overall package of benefits, which is attractive to more skilled employees.This is especially helpful considering the current state of the economy. When businesses aren’t as profitable, the staff is usually the one of the first costs to be cut, said Lisa Callaway, vice president of the Management Association of Illinois, in Downers Grove. | ![]() Post the first comment about: Fast Growing PEOs crucial for small businesses |
| 8/27/2008 | The Upcountry Revolution Source: Haleakala Times | How small businesses in Hawaii are increasing efficiencies by joining a PEO.
In response to the quiet economy, some businesses are adjusting their hours of operation and staffing, increasing or decreasing as needed, hoping to make it more convenient and appealing for residents to shop locally. Another shift is that businesses are using a PEO (Professional Employer Organization) to run the core functions of a small business such as payroll, insurance, and human resources. Carole Kooy, Maui Chamber of Commerce chair-elect and the owner of KilaKila Professional Employer Services says that in times of economic downturn outsourcing does become an option to alleviate some of the high costs related to owning and operating a business. | ![]() Latest Comment: - 9/30/2008 Health Coverage Read All 1 Comments about: The Upcountry Revolution |
| 7/30/2008 | Gevity earnings up Source: Bradenton Herald | Gevity earnings show improvement from focusing on core PEO product areas and reducing expenses. Challenges remain due to the Florida smal business environment. During an earnings conference call Tuesday morning, Gevity officials said they expect to gain traction in gaining new clients, particularly since Gevity Edge Select was discontinued and the company's sales force can focus fully on the company's core business as a professional employer organization, or PEO. | ![]() Post the first comment about: Gevity earnings up |
| 7/21/2008 | Cutting the risk to Workers and the bottom line Source: NJ Biz Journal | Article discusses the cost to employers for work related injuries and reviews OSHA tool that calculates the cost of additional sales needed to make up for impact to workers' compensation costs. The average direct cost of a workers' compensation claim is between $5,000 and $7,000 among the clients of Gevity HR Inc a Bradenton Florida based Professional Employer Organization with and office in Edison, according to Chris Davis the firm's vice president of finance insurance. Most injuries occur when employees are doing manual labor such as lifting heavy objects. | ![]() Post the first comment about: Cutting the risk to Workers and the bottom line |
StaffMarket Services, LLC
431 12th Street West, Suite 202
Bradenton, Florida 34205
(get map)
Phone: 941-750-9450
-
Fax: 877-471-5608
Office hours are 9:00am to 5:00pm EST
Send e-mail to:
StaffMarket Information
Copyright
2010
StaffMarket Services. All rights reserved.
StaffMarket and StaffMarket.com are registered trademarks of StaffMarket Services, LLC.
Patent Pending
|
|
|
|
You are viewing our regular site View Mobile Site