Make no mistake: PEO keynote speakers’ and HR futurists’ live and virtual speaking online calendars are more crowded than ever. Why is this the case, though? It’s best to start at the beginning, and – as some of today’s best-known PEO keynote speakers – think about what the field does and why the industry is such a hot topic of discussion.
To begin with, a Professional Employer Organization is a company that provides HR services to small and medium-sized businesses. Top points to know about such enterprises are:
- Co-Employment Model – A PEO enters into a contractual co-employment agreement with the client company, becoming the employer of record for tax and insurance purposes.
- HR Outsourcing – Per top PEO keynote speakers, the firm handles key HR functions for clients like payroll, benefits administration, compliance, recruiting and risk management.
- Cost Efficiencies – By pooling many clients together, providers can provide benefits and services at lower shared costs.
- HR Expertise and Support – Small companies gain access to robust HR capabilities and systems without having large in-house HR staff.
- Benefits – The way the best PEO keynote speakers tell it, top firms in the field provide access to large company benefits like health insurance, retirement plans, life insurance, etc.
- Compliance – Leading PEOs stay current on regulations like ACA, FMLA, OSHA, I-9 compliance and manage compliance for clients.
- Workers Comp – Leading practitioners here can offer workers compensation coverage at reduced costs due to pooled risk.
- Training – The way the best PEO keynote speakers tell it, many partners here offer employee training programs on harassment, diversity, leadership development and more.
- Transition Support – Suppliers have teams to assist with payroll changes, onboarding, terminations and other transition needs.
So what should you remember? According to PEO keynote speakers, the model allows small businesses to compete with larger companies in attracting and retaining talent using comprehensive HR services.