HR Outsourcing for Small Firms Predicted to Double by 2014

Carrie Aaron, president of PEO Network, and Lisa Rowan, program director of HR and talent management services research for IDC, have written a 5-page article "Double PEO Market Share" for the October 2007 issue of the PEO Insider®.

"The small business economic engine is booming and so goes the PEO industry," said Carrie Aaron, president of PEO Network. "After a setback in 2001 due to post 9-11 and a difficult Workers' Compensation market, the PEO industry is predicted to double by 2014."

"The small business market opportunity is strong in the United States given its size and growth. Employment among small employers increased at a growth rate of nearly 12 percent from 1999 to 2006 according to the BLS. Small companies employ half of all workers in the U.S. private sector," said Lisa Rowan, program director of HR and talent management services research for IDC.

A copy of this must read article is located at http://www.peonetwork.com/articles/aaron1007.pdf

Why Work With A PEO Consultant?

A PEO Consultant is a person who is a specialist working with PEOs. The typical consultant does an in-depth assessment of your needs and goals before matching you with a PEO. You save hours of research and get the best possible deal from the PEO you ultimately choose. There are hundreds if not thousands of PEOs in the United States alone. You could narrow your choices by visiting a PEO directory such as http://www.peo.com and http://www.employeeleasing.com. A business owner could not possibly evaluate all of the potential PEOs and this is where the PEO consultant steps in.

For more information about working with a PEO consultant visit http://www.employers-rx.com

Evaluating a PEO

Amy Grimmer, President of Centripetal Consulting Group published an excellent article about evaluating a Professional Employer Organization (PEO). Centripetal Consulting Group are experts in human capital management and they have alliances with PEOs. To read the entire article visit the "Winning" blog.

Direct Deposit Saves Time And Money

A direct deposit is when your employer deposits your paycheck into your bank account rather than handing you a paper check. Direct deposits save employers money and employees time. Employees no longer have to wait for their paycheck to clear the bank before paying bills or making purchases. Paper checks can be lost, torn or stolen. Direct deposits are secure, confidential and require very little paperwork to set up. Direct deposits are routinely offered by Professional Employers Organizations (PEOs) and Employee Leasing Companies. If your employer does not offer direct deposits ask them to consider working with an employee leasing company that offers this benefit.

Arizona Startup Company Blog

The Arizona Startup Company Blog has an interesting post about Professional Employer Organization (PEO) here. The article covers an explanation of what a PEO is and what services a PEO typically offers.

If you would like to explore working with a PEO visit http://www.peo-quote.com

What is workmen's comp insurance?

Workmen's Comp Insurance is a type of insurance required by each state (some exceptions are made) to cover the employer when a worker is injured on the job. Some of the earliest workmen's comp insurance requirements became a reality in the early 1800's. Before this employees received no help when injured while working and often sued the company winning damages that could put the employer out of business. This type of insurance is paid for wholly by the company.... an employee is never required to contribute.

Every state has different requirements for Workmen's Comp insurance. The easiest way to get this insurance while staying on top of state requirements is to partner with a Professional Employer Organization (PEO). To find the perfect PEO visit http://www.PEO-Quote.com

What Is Employee Leasing?

Employee leasing is when an employer moves employees from his or her payroll onto the payroll of an employee leasing company. The employee leasing company becomes the employer of record for the employees and then "loans" the employees back to the original employer for a fee. This fee includes payroll costs and usually includes benefits. The employee leasing company handles all human resources functions for the employees including but not limited to payroll, legal compliance, record keeping and benefits. Employee leasing firms work with any size company and normally offers an employer a significant cost savings.