Episode Details

The modern business landscape has created regulatory and compliance challenges for businesses, not to mention a mountain of administrative work, which is why Professional Employer Organizations (PEOs) have seen a 44% growth in awareness over the past few years. Understanding what a PEO is and how this can help your business could be crucial at this point. NAPEO President and CEO Pat Cleary talks with host Gene Marks on the Paychex THRIVE podcast about the many advantages of a PEO: time savings, lower-cost benefits - and more than just health care and retirement - and the HR perks around employee engagement and retention.

Topics Include:

00:00 - Welcome, Pat Cleary

00:55 - Introduction to Cleary

02:50 - What is a PEO?

03:05 - What can a PEO do?

04:58 - No business is too small for a PEO

06:34 - Mitigating risk by understanding compliance obligations

10:04 - Co-employment and maintaining control of employees

15:21 - Cost-savings benefits of using a PEO

16:42 - Dispelling concerns over too many eggs in the PEO basket

19:35 - Staying engaged with the PEO

21:19 - Do research and vet multiple PEOs before selecting one

25:42 - What industries might need a PEO?

28:07 - Unique benefits available with a PEO

29:48 - One thing is keeping businesses from working with a PEO

33:54 - Wrap-up

DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.