Dinsmore Steele Business Blog
Gain valuable insight into small businesses' challenges and how to solve them.
What is a PEO?
A Professional Employer Organization (PEO) is a company that serves as a human resources partner for businesses that want to outsource the tasks and reduce costs. To legally administer many of the roles, the PEO becomes a joint-employer through employee leasing, meaning that they are the employer of record. This gives the PEO both the ability to manage employees and shared liability
Certified Professional Employer Organizations
Do you use a Professional Employer Organization? Are they Certified? Learn about the process PEOs go through to become Certified with the IRS.
Are all Professional Employer Organizations the same?
Discusses the differences between Professional Employer Organizations PEOs. PEOs are broken down into three categories National PEOs, Regional PEOs and Niche PEOs.
Why you should use a PEO Broker
It’s important to understand what your options are when it comes to comparatively shopping PEOs. There are currently four options that exist for those looking to see which PEO is best for their needs. Here we discuss the different options and how each one works.
What Should Your Administration Fee be for your PEO?
This question is asked numerous times, and it’s not easy to answer because there are a lot of factors that go into what your administration fee should be. For those of you new to PEO or unfamiliar, the administration fee is what you pay the PEO for their services. To fully understand what you should pay in administration fees, you must first understand how a PEO makes money.
What’s your Administrative Percentage for your PEO?
Often times we find that very intelligent CFOs and CEOs are still challenged to figure out exactly what they are paying. While the Payroll and big-box PEOs show the client the administrative percentage, it’s still very difficult to decipher what you are paying because your State Unemployment Rate Assessment (SUTA, SUI), Workers’ Compensation, Health Insurance, as well as your State and Federal taxes are included in that percentage. So in order to accurately identify what you are paying you to have to mathematically back out the numbers.