Jul 26 2010
PEO HR Services - A Rapidly Growing Trend
I’m reading more and more articles from around the country like the one I’ve included in this blog, regarding discrimination and Fair Labor Standards Act (FLSA) lawsuits. This growing trend along increasingly more governmental regulations (classification of independent contractors), also addressed in the article, continue to build value in utilizing PEO/Employee Leasing services.
Where employers have typically thought of accessing a PEO for reduced rates on workers’ compensation or health insurance costs, since the beginning of the year, we’ve noticed employers contacting us specifically requesting help with human resource issues. I recently commented on one of the fastest growing business insurances - Employment Practices Liability Insurance (EPLI), which relates to this article and protects against sexual harassment, age and gender discrimination, and has seen a dramatic rise as well.
What’s important to know is that some PEO’s provide this insurance and professional HR services, while many others don’t. Understanding the differences between PEO providers and what benefits your business needs from a PEO, will make the relationship a success or failure. Hope this article benefits you.
Mike Burgelin
1-888-582-8388