By Brian Michaud, Senior Vice President, ADP TotalSource® A new study from the National Association of Professional Employer Organizations® (NAPEO) shows that small businesses that use a Professional Employer Organization (PEO) to manage HR for their employees actually see double the annual revenue growth than a company that doesn’t. That sounds like a pretty startling statistic, don’t you think? But when you look at the numbers, it’s actually pretty obvious – PEOs are lowering the stress levels and increasing the effectiveness of small business owners. That’s because while business owners retain the day-to-day control over management of their employees, a PEO handles the HR and employee benefits administration responsibilities. Businesses who partner with a PEO gain access to a larger suite of offerings, including FORTUNE 500®-caliber health benefits and employee growth and development programs. These, in turn, allow clients to provide more robust benefits to help attract and retain employees. There are a number of areas where businesses are benefiting from the value of outsourcing their HR. It’s a...Read More
Rio Grande Fence Co. of Nashville, Tennessee, had humble beginnings. In 1958, armed with $1,500 and pure tenacity, Derek Smith’s grandfather and grandmother invested everything they had and started the company from scratch. Over the years, the company made the decision to move away from the residential market and concentrate on providing fencing to general contractors, business owners and government agencies. This decision has enabled the company to give “white-glove treatment” to a more focused clientele and to work on establishing itself as The Commercial Fence Professionals™. That tradition of service excellence doesn’t stop with Rio Grande’s customers. It extends to the company’s more than 40 employees who, through their access to ADP TotalSource®, are empowered to more easily personalize their benefits selections, plan for retirement, and monitor their payroll. And the ADP® onboarding solution helps company management find and introduce new employees to this nurturing company culture. “A company of any merit that wants its employees to give great service has to give its employees great service,” said...Read More
We’re One of the First Certified Professional Employer Organizations in the United States. How Awesome is That?
By Brian Michaud, Senior Vice President, ADP TotalSource® It’s so satisfying when hard work and diligence pay off – especially when that resolve makes us an even more valuable partner for our clients. Today, ADP TotalSource® was named by the U.S. Internal Revenue Service (IRS®) as one of the first-ever Certified Professional Employer Organizations (CPEO). We’re thrilled to be among the first PEOs to receive this important certification from the IRS because the certification gives business owners confidence that a Professional Employer Organization (PEO) like ADP TotalSource has met specific standards set by the U.S. government. To qualify for IRS certification, we had to adhere to very specific bonding and independent financial-review requirements. We’ll also participate in ongoing reporting and record-keeping to maintain our status as a CPEO. All of this hard work is worth it if ADP TotalSource can continue to ensure our clients that they’re working with a trusted partner. It’s important to us that we provide our clients with top-notch services that adhere to the highest...Read More
As trusted advisors on “all things HCM,” the best benefits brokers are having proactive conversations with their clients and prospects about business strategies to manage their needs around talent, compensation and benefits, and risk and compliance — and that includes professional employer organziations (PEOs). There’s been a big shift recently in brokers’ willingness to partner with PEOs, driven mainly by two factors: Companies are looking to their brokers to support the entire human capital experience, especially around talent, and it’s difficult for brokers to build this support model internally. The Affordable Care Act (ACA) has driven more small and midsized businesses to look at PEOs as a good option to help manage health care costs and compliance In an article titled, “Brokers and professional employer organizations: a perfect pairing,” Courtney Simpkiss, ADP Vice President of Broker Channel Strategy shares her insights on this growing trends. Head toBenefitsPro to read the full story. Share this:Click to email (Opens in new window)Click to share on Twitter (Opens in new window)Click to...Read More
It’s no secret that starting and running a small business is no small feat. Business owners are often pulled in what feels like a million directions — striving to ensure the business is growing, clients are happy, and that they actually get to sleep at night (or at least some nights!). But if you ask many entrepreneurs, they will tell you the one thing they never imagined would be so hard was managing their employees (even if they only have two) and providing the HR and benefits today’s top talent requires. As the workforce continues to undergo significant generational shifts and increasing competition in the war for talent, startups – by sheer nature of their size — are faced with challenges in delivering the attractive benefits that come more easily to larger organizations. As a result, working with a Professional Employer Organization (PEO) is a popular option that many entrepreneurs are considering. ADP TotalSource®, the largest PEO in the United States with more than 400,000 worksite employees, has traditionally...Read More