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Showing posts from October, 2021

What Does It Mean to Be a PEO in 2021?

PEOs provide unique and extremely useful resources to small and midsized businesses. Typically, these services involve includes HR, payroll, and benefits services. Large companies like ADP and Paychex can be considered the largest national PEO brands, and their approaches to customer services and the number of resources available make them  two of the best choices . However, in 2021, providing stellar services and resources may not be enough. We have all experienced financial or business impacts as a result of COVID-19. 43.8% of small business owners reported the pandemic having a “ moderate negative effect ” on their business. Luckily, PEO clients fared  much better  during the pandemic, as small businesses that are PEO clients are 82% more likely to have business operations back to normal, or better according to  NAPEO . In 2021, being a PEO means you are a partner with your clients. Not in the sense that you have sway over their business decisions, but that you and your team underst

PEO vs PSP: Which One Is Better for the Long Run?

For business owners looking to save on payroll, benefits, and HR services, PEOs provide a unique model for outsourcing traditional HR practices. Becoming a PEO client gives you access to a variety of resources, however, the most important thing it provides is a sense of security. According to NAPEO’s White Papers,  PEO Clients in the COVID-19 Pandemic: Follow-Up Analysis,  small businesses that are PEO clients were 58% less likely to have permanently closed during the pandemic. However, not every business is seeking that blanked of security. If your business has a dedicated HR department but does not want to pay for additional services outside of the payment cycle, a Payroll Service Provider (PSP) may look like your most affordable option. When taking a deeper dive into Payroll providers, thanks to  this blog from Max Freedman of Business News Daily , Freedman shows that future costs and regulations could ultimately end up costing you more in the long run when opting for a PSP over a P

Mid-year Look at the PEO Industry

As a client of Integrity HR Management, you understand the impact of a PEO and have direct access to the services Integrity provides. While Integrity is consistently innovating in the world of PEOs, the industry and its clients as a whole have seen positive trends throughout the pandemic. The National Association of Professional Employer Organizations (NAPEO) held its annual conference last week in San Antonio, which allowed PEOs and professionals from across the country to come together and collaborate to enhance their organizations. NAPEO also recently released their White Papers,  PEO Clients in the COVID-19 Pandemic: Follow-Up Analysis,  which analyzes how PEOs and their clients have fared during COVID-19. According to NAPEO,  small businesses that are PEO clients : Are 58%  less likely  to have permanently closed. Are 32% percent  less likely  to have seen a negative overall effect on business from the pandemic. Are 82%  more likely  to have business operations back to normal, or