PEOs Can Ease Recession Woes

Written by User Imageadmin on July 15, 2008 – 2:31 pm -

  The Tuscon Citizen published great article on the role Professional Employers play during a recession.  Here’s an excerpt:

In today’s market, owners of small and medium-sized businesses may be forced to ask themselves a few critical questions:
“Will a recession affect my business?”
“How can I be sure my employees are taken care of?”
“How can I be successful when others are struggling?”
One way business owners can begin to address these difficult questions is by using the services of a professional employer organization.
A PEO serves as a human resources department for small- and medium-sized businesses. By entering into a relationship with a PEO, companies receive assistance with payroll processing, employee benefits management and compliance with the growing number of federal and state employer-related laws and regulations.
In short, PEOs can help small- and medium-sized businesses manage risk. This is essential during periods of economic downturn when there are more workers’ compensation claims and terminations, and increased opportunities for unemployment-related risk.

For the complete article CLICK HERE.

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Posted in Human Resources, Outsourcing, Payroll, Professional Employment |

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