NAPEO
October 2023
THIS MONTH'S FOCUS: PEO Operations
InTANDEM HR: Success Through Teamwork
The Denver, Colorado metro area has enjoyed a surge of newcomers in recent years; young Americans in particular have flocked to the Centennial State. Count InTANDEM HR President and CEO Monica Denler as one who sees an upside to this trend. The population growth means more small business owners and more potential worksite employees (WSEs) …
BY Chris Chaney
October 2023CONTENTS
FEATURED
RUNNING AN EFFICIENT PEO OPERATION BY LEVERAGING THE LEAN FRAMEWORK
As the economy and our industry continue to shift, PEOs are becoming even more attractive and important for many organizations. Through our leadership in the PEO space, we know our model enables companies to focus on the critical aspects of their business, while Human Capital Management (HCM) experts provide employee-centric services, including payroll and benefits, …
BY Enid Martinez
October 2023
OPERATIONS CHECKLIST FOR START-UP PEO SUCCESS
When entering the intricate PEO landscape, understanding the multifaceted operational tasks required to ensure compliance, efficiency, and effective management of human resources and payroll functions for client companies is paramount. The cornerstone of prosperity lies in crafting a well-structured operations plan. Below is a checklist to help guide you through this complicated process. REGULATORY COMPLIANCE: …
BY Marilyn Conyer, SPHR, SHRM-SCP
October 2023
THE GOLDILOCKS OF PEO GROWTH
Two different sales approaches follow. One leads to fast growth and chaos while the other leads to slow growth and stability. One is probably too hot, the other perhaps too cold. May you find what is “just right” for your company. I have been fortunate to be involved in two successful PEOs with dramatically different …
BY Joe Beers
October 2023
AI: THE IMPACT ON MERGERS & ACQUISTIONS
When I was young, I watched movies with robots and drones; we called this science fiction because such things would, of course, never come true. This was only imagined to be future scientific or technology advances as is artificial intelligence or AI. So here we are – and yes, robots and drones have come to …
BY Wanda Silva
October 2023
HOW TO CHOOSE AN AI VENDOR
I have often found myself standing for minutes in my nearby Publix trying to figure out which item to buy. Did I want the $2 name brand product, or the $1.50 Publix generic version? Did I want the less tasty Gala apples at $1/lb or the tastier Honeycrisp apples at $2/lb? I would stand there …
BY Frank Huang
October 2023TRACKS
"In the dynamic world of business, success often hinges on more than just a brilliant idea or a well-thought-out plan."
BY Kristen J. Appleman
October 2023PEOS IN THE COMMUNITY: EXTENSISHR
At ExtensisHR, giving back to the community is a monthly surprise. Well, a meticulously planned surprise. The Woodbridge, New Jersey-based firm has embraced an employee-run, divide-and-conquer approach to its volunteering efforts. Last year, the company formally launched Extensis Gives Back, a program that created a dedicated committee of employees who schedule company volunteer days by …
BY Evan Fallor
October 2023LAYING THE GROUND WORK: OPERATIONS CHECKLIST FOR START UP PEOS
As a PEO operator, you will be a trusted advisor to small and mid-size businesses in areas such as payroll, HR, benefits, workers’ compensation, unemployment, technology, and many other areas. As you grow and win more customers, they will quickly become dependent on your processes. Implementing solid processes will aid you in staying efficient and …
BY Angela Hoch
October 2023
"I had to chuckle. I held it in my hand for a moment, stared at it and smiled. “It’s where we began,” I said."
BY Pat Cleary
October 2023SECURE 2.0 ACT UNPACKED: EXPLANATION OF PROVISIONS FOR 2023 AND BEYOND
The SECURE 2.0 Act was passed as part of the larger Consolidated Appropriations Act of 2023. The SECURE Act itself was over 350 pages containing a myriad of retirement-focused provisions. The 2.0 Act impacts all of the most commonly used retirement vehicles (think 401K, 403b, 457 and IRAs) and does so with provisions correcting the …
BY Matt Munn, CPA
October 2023MAXIMIZING YOUR BENEFIT OPERATIONS
As a PEO founder and former owner, I am aware of all the details and moving parts surrounding the co-employment experience. When you focus on growth, it can become easy to lose sight of some of the best paths to pursue. I recall signing up new groups and going through the milieu of employee enrollment …
BY Tom Jacobs, J.D., MBA
October 2023