What’s the deal with PEOs? Better yet, what is a PEO? Short story, a PEO is a great way to help your business save time and money.
Sounds, cliché and a lot of people claim to save you time and money but it’s true. Okay, still sounds cliché… check out then long-ish story below…
A PEO stands for a Professional Employer Organization. Even though Professional Employer Organizations have been around since the 1970’s, most business owners don’t know about PEOs. Small and mid-sized business owners are aware of payroll, accounting, workers’ compensation, human resources, and benefits; but don’t often realize you can get all those PEO offerings/ business solutions from one place? That’s a PEO in a nutshell, your one stop solution to all your small and mid-sized business needs. PEOs afford regular businesses the opportunities usually given to larger corporations.
Co- employment
Co-employment makes a PEO different from your everyday payroll company. A lot of people think of co-employment as “payroll outsourcing”. Only you’ll be “outsourcing” more than just payroll. To provide your business with payroll benefits and workers’ compensation, we, Atlantic Payroll Partners, the PEO become the employer of record. Your employees become our employees of record and are placed under our FEIN. This allows us to cover the employee for workers’ compensation. We’re also able to offer our other solutions, such as employee healthcare.
You, Mr. or Mrs. Business Owner would continue to run the day-to-day business functions that happen at your location. That’s the extent of our partnership, we don’t share funds or make business decisions for you.
Having your employees under our FEIN will shift the burden of workers’ compensation and payroll from your business to our business. Our business model will help lower your payroll costs and increase your compliance around taxes and workers’ compensation coverage/reporting.
More about this partnership…
Let’s say one of your employees gets injured while on the job, you would give us a call and we would handle the Workers’ Compensation side of things. You would continue running your business as usual. We would help the employee receive needed medical treatment and follow through with the claim. Our involvement would save you valuable time and money, using or economies of scale to lower your overall workers’ compensation cost.
Another example of the benefits of Atlantic Payroll Partners
What if, there’s a pandemic and all the rules for running your business change? When it comes to the Payroll or HR side of things, Atlantic Payroll Partners would help you navigate those changes. For example, you need help applying for the PPP loan, we would quickly produce the reports that are requested by your bank. Another example, someone gets sick with COVID-19, we would let you know how that would impact payroll since the Families First Coronavirus Response Act FFCRA is in place. You as a business owner wouldn’t have to worry about all the small, every changing, time consuming details, we would do that for you.
Flash forward and now it’s tax season… yeah tax season and guess what!? You don’t have to worry about W-2’s for your employees. We would handle that for you, one more time, we would HANDLE THAT FOR YOU! Your payroll would be filed under our tax ID number, making the distribution of w-2s our responsibility. If you need to show expenses to an accountant (because you can still use your own accountant and work with a PEO) let us know and we’ll supply, you with the reports that are needed.
The job market has changed.
Last thing, for now… the job market is competitive and it’s about to become even more competitive after July 31st, 2020 with everyone fighting for the same jobs at the same time. We can help you offer your employees benefits and benefits are a great differentiator. Not only will you attract better talent, you’ll retain them longer. Businesses that work with PEOs, like Atlantic Payroll Partners experience 10 to 14% lower employee turnover*. Less turnover is just one of the selling points. PEOs grow your business. Small to midsize businesses that use a PEO grow 7-9% faster than those who don’t. *
Putting it all together…
Working with Atlantic Payroll Partners will help you increase profitability, maximize employee productivity, save time performing transactional HR duties, reduce employment related liability and ultimately lower the labor cost.
Want to learn more about Atlantic Payroll Partners? Send us a message or give us a call at 772-466-0440. While you’re at it, follow us on Facebook and tell you friends about us. There you have it; you now know, “What is a PEO?”.
*https://www.napeo.org/what-is-a-peo/about-the-peo-industry/napeo-white-papers
Copyright 2024
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Why Atlantic Payroll Partners
The biggest payroll companies probably won’t have time for your business. It’s that simple, you’ll be a number. At Atlantic Payroll Partners, you’ll be the opposite. We’ll know more than your name; we’ll know the names of your children and their birthday’s as well. We will know you.
We’ve been helping Florida business by managing their payroll and providing workers' compensation quotes for ten years. We help keep payroll cost affordable by provided transparent PEO payroll quotes that allow you to plan your budget accordingly. Like the big payroll companies, you can manage your payroll and payroll timekeeping with us, while reaping the benefits of PEO risk management.
Thinking about payroll outsourcing can be scary. Make sure you know what to expect from payroll outsourcing providers; to make the best decision for your business. In addition to offering payroll, and workers' comp quote we offer: Human Resource consultations, Accounting services, and benefits such as, 401ks and Healthcare plans.
5 Signs of a Toxic Workplace
A recent survey of 40,000 workers at 125 companies conducted by Emtrain reported some eye-opening statistics about toxic workplaces. For example, the survey found that:
- 83 percent of employees wouldn’t report harassment,
- 41 percent of employees aren’t confident management would take harassment complaints seriously, and
- 29 percent of employees surveyed have left jobs because of workplace conflict.
Let’s dive into the 5 signs of a toxic workplace. A Toxic workplace is defined as workplaces that cause employees to feel stressed, depressed and drained. The workplace makes them unhappy about coming to work every day. It makes them less productive, affects other employees and ultimately take an economic toll on the company. If not addressed this can become a vicious cycle.
Companies can take the following steps to prevent a cycle of toxicity:
1. Frequent, clear communication.
The importance of good communications cannot be overemphasized. Communication by grapevine gives rise to gossip and false rumors that breed anxiety. Whether the news is good (say, a company expansion or a promotion) or bad (layoffs), your company will fare much better if the news comes from company leaders rather than the company grapevine.
2. Productive meetings.
What are your meetings really like? Is the speaker the only one speaking? Do all employees feel free to contribute or only a few? Do company leaders understand what the clusters of employees who congregate before or after meetings are discussing? When company leaders pay attention to these sorts of occurrences, they can uncover toxic behaviors that are detrimental to the entire company.
3. Performance reviews.
Another area in which company leaders can act to thwart toxicity is a clear policy regarding performance. Waiting for an annual performance review to provide feedback can prevent an underperformer from modifying his or her behavior in a timely way. The consequences can be severe: necessary work must be done by another employee or people don’t get credit for their ideas or the quality or quantity of their work. These underperformers may be acting in perfectly good faith. They simply may not realize they aren’t meeting expectations.
4. Political speech.
Our country is pretty divided politically, and this can cause issues in the workplace. Company leaders can handle this with a one-sentence directive: the only permitted political statement is an “I voted” sticker. Similarly, if your company’s waiting area has a television, stay away from the news. Ensure that the tv is turned to something that doesn’t promote conflict, like sports or cooking. Note, however, that a blanket exclusion against certain kinds of talk can be tricky — some things can be banned and some can’t, so consult with an expert before creating a company policy.
5. Harassment.
Any kind of harassment — sexual, racial, religious, LGBTQ — should not be tolerated the workplace. You need a clear company policy with no exception. The statistics cited earlier, however, indicate that most employees feel unsafe reporting harassment even with a stated policy. In addition to providing anti harassment training, company leaders should model good behavior, actively discourage any actions that disparage any group and enforce the consequences of the company’s anti harassment policies, as warranted.
Improving communication, reviewing performance and ensuring a workplace free of politics and harassment can go a long way toward reducing conflict. For more help creating a conflict-free workplace, reach out to us today via message or call us at 772-466-0440 at regarding the 5 signs of a toxic workplace or another issue you would like to discuss.
Copyright 2024
Why Atlantic Payroll Partners
The biggest payroll companies probably won’t have time for your business. It’s that simple, you’ll be a number. At Atlantic Payroll Partners, you’ll be the opposite. We’ll know more than your name; we’ll know the names of your children and their birthday’s as well. We will know you.
We’ve been helping Florida business by managing their payroll and providing workers' compensation quotes for ten years. We help keep payroll cost affordable by provided transparent PEO payroll quotes that allow you to plan your budget accordingly. Like the big payroll companies, you can manage your payroll and payroll timekeeping with us, while reaping the benefits of PEO risk management.
Thinking about payroll outsourcing can be scary. Make sure you know what to expect from payroll outsourcing providers; to make the best decision for your business. In addition to offering payroll, and workers' comp quote we offer: Human Resource consultations, Accounting services, and benefits such as, 401ks and Healthcare plans.
5 ways a PEO can help you manage risk.
Any endeavor worth pursuing comes with a certain element of risk, and running your business is no exception. What have you done to minimize the risk of human error, or accidents? Do you understand the new risk that COVID-19 present to your workforce?
Professional employer organizations (PEOs) offer among their services, risk management. Risk management includes establishing policies and protocols to minimize potential workers’ comp claims and discrimination lawsuits, minimizing the risk from drug or alcohol abuse in the workplace, and managing other risks. With a PEO by your side, you have an active risk management structure in place to help you keep your business thriving with minimal problems.
PEO Risk Management: 5 Ways PEOs help manage risk.
As a co-employer of your staff, your PEO has a vested interest in creating and maintaining a safe work environment. When working with a PEO, consider these five ways they can help you manage potential risks.
Ensuring adequate workers’ comp plans are in place:
As part of their services, a PEO handles the workers’ comp insurance needs for the employees. This includes ensuring full compliance with workers’ comp policies, finding a good plan to cover employees, and making sure that coverage it up to date.
Handling workers’ comp claims promptly:
Another aspect of workers’ comp is handling claims promptly and efficiently.
Occupational Safety and Health Administration (OSHA) compliance:
A PEO may conduct an audit of your firm’s OSHA compliance history and suggest changes and updates at your facility to ensure compliance. Such steps improve the safety conditions for your workers, minimizing the risk from potential accidents.
Substance abuse programs:
Companies leave themselves open to risk when they fail to address potential substance abuse problems among employees. Whether it’s drugs, alcohol or prescription drugs, substance abuse can lead to impaired judgment, accidents and more. Proactive substance abuse programs and drug-free workplace programs mitigate such risks.
Loss prevention:
Employee theft can lead to substantial property loss and risk. PEOs may take the lead in employee loss prevention efforts by frequently monitoring at-risk areas, adding security features, and otherwise helping you prevent loss through employee theft.
Lastly and now more than ever the changing work climate due to COVID-19 has shown the world how important it is to have a PEO, like Atlantic Payroll Partners by your side as you navigate this ever changing landscape. We want you to stay informed and feel empowered with your decisions. Visit our COVID-19 resource page or call us at 772-466-0440 for assistance.
Copyright 2024
Why Atlantic Payroll Partners
The biggest payroll companies probably won’t have time for your business. It’s that simple, you’ll be a number. At Atlantic Payroll Partners, you’ll be the opposite. We’ll know more than your name; we’ll know the names of your children and their birthday’s as well. We will know you.
We’ve been helping Florida business by managing their payroll and providing workers' compensation quotes for ten years. We help keep payroll cost affordable by provided transparent PEO payroll quotes that allow you to plan your budget accordingly. Like the big payroll companies, you can manage your payroll and payroll timekeeping with us, while reaping the benefits of PEO risk management.
Thinking about payroll outsourcing can be scary. Make sure you know what to expect from payroll outsourcing providers; to make the best decision for your business. In addition to offering payroll, and workers' comp quote we offer: Human Resource consultations, Accounting services, and benefits such as, 401ks and Healthcare plans.