NAPEO
August 2024
THIS MONTH'S FOCUS: Leadership
MEET NAPEO’S INDUSTRY CHAMPION MEDALLION PARTNERS
Of the many NAPEO associate members and supporters, our Industry Champion medallion partners represent the four companies who make the most significant investments in support of NAPEO: G-P, isolved, PrismHR, and Slavic401k.
BY Chris Chaney
August 2024CONTENTS
FEATURED
PLANNING FOR LONG-TERM SUCCESS: STRATEGIC THINKING FOR PEO LEADERS
With several shifts in the industry and an increasing dependence on technology, leaders must prioritize training and education. PEOs can only truly meet the needs of the moment with agile, informed team members.
BY Heather Keefer Saulsbury
August 2024
NAVIGATING THE SHIFTING SANDS: THE IMPERATIVE FOR MENTORING PROGRAMS WITHIN PEOS
In a swiftly changing corporate landscape, big picture thinking is paramount for organizations to stay ahead. Mentoring programs play a pivotal role in fostering this mindset among employees.
BY Scott A. Johnson
August 2024
LEADERSHIP FROM THE CULTURAL POWERHOUSE TAYLOR SWIFT: WHAT CAN PEO LEADERS LEARN?
Luckily, we as PEO professionals don’t have to be certified ‘Swifties’ or even fans to absorb leadership traits that will increase engagement with our clients and colleagues and drive strategic value within our own organizations.
BY Leah Cowperthwaite
August 2024
STRATEGIC LEADERSHIP PLANNING WITH PEOS TO ACCOMMODATE A DIVERSIFIED WORLD
Since adaptability is one of the prime advantages PEOs offer, companies can benefit from a partnership to support their overall strategy. By looking at it through the lens of HR, a PEO helps businesses fill in their recruiting and retention gaps by providing them with ways to develop leaders within.
BY David Pearson
August 2024
LEADERSHIP SIMPLIFIED
If one thinks about it, couldn’t virtually any book on leadership be condensed to about 10 pages? There are generally five, seven, ten, or twelve fundamental suggestions in each book. Those numbers have proven over time to work.
BY Joe Beers
August 2024
DEVELOPING YOUR FULL POTENTIAL: THE IMPORTANCE OF SELF-LEADERSHIP
Self-leadership refers to the process of influencing oneself to establish the self-direction and self-motivation needed for peak performance. Rooted in self-awareness and self-regulation, self-leadership encompasses several key areas: self-reflection, emotional intelligence, positive intelligence, adaptability, and accountability.
BY Lee Pemberton IV
August 2024TRACKS
“One of the many hallmarks of our Annual Conference & Marketplace is the invaluable networking opportunities it offers.”
BY Steve Politis
August 2024isolved: HERE TO STAY FOR PEOS
If you’ve attended a recent NAPEO Annual Conference, you may have noticed a lot more pink in the hallways. With their trademark pink polos, the isolved team is out in force at NAPEO events showing their commitment and investment in the PEO industry. As an Industry Champion medallion partner, the company strongly supports NAPEO and …
BY Chris Chaney
August 2024PRISMHR: EMBRACING INNOVATION TO SAIL THE BLUE OCEAN
Kevin Andrews, president of PrismHR, has nothing but optimism for the future of PEOs. Andrews joined PrismHR in 2022, bringing three decades of experience in the HR technology space where he built and managed several leading organizations. Andrews shares that PrismHR’s story began nearly 40 years ago, offering an accounting system that eventually developed into …
BY Chris Chaney
August 2024
“To remain successful, we must continue to embrace change by adopting innovative practices to stay ahead.”
BY Casey M. Clark
August 2024SLAVIC401K: INDUSTRY PIONEER TO INDUSTRY LEADER
Few things are more complicated than the PEO business, and even fewer things are more complicated than retirement plans within the PEO business. It’s no surprise then that PEOs depend on knowledgeable partners to provide 401(k) plans. Research has shown that companies who participate within a PEO’s 401(k) plan are five times as likely to …
BY Chris Chaney
August 2024PEOS AS CHANGEMAKERS: LEADING THE WAY IN THE NEW WORLD OF FIDUCIARY RESPONSIBILITY
Today’s healthcare landscape is fraught with challenges for both employers and employees. With healthcare costs skyrocketing, there is mounting pressure to reduce spending within health plans.
BY Jude Odu
August 2024PRIORITIZING WORKFORCE FINANCIAL WELL-BEING BEFORE AND AFTER OPEN ENROLLMENT
Employers and PEOs have a great opportunity to help workforces reduce the top stressor in their lives: money. Organizations are looking for opportunities to improve the overall well-being of employees.
BY Mike Hackett
August 2024ICHRAS: A NEW FRONTIER FOR PEOS
Why ICHRAs and why now? The tipping point with individual coverage health reimbursement arrangements (ICHRAs) has been building in recent years, largely due to rising costs of healthcare coverage and changing legislative guidance, which made the introduction of ICHRAs very attractive.
BY Keisha Newell Clark, MBA
August 2024PEO LEADERS WILL NEED TO STAY NIMBLE IN THE POST-CHEVRON ERA: 5 STEPS TO SUCCESS
The Supreme Court’s recent landmark ruling that gives employers a powerful tool to fight back against regulatory overreach will have a broad impact on just about every area of workplace law – and every industry.
BY John Polson, Esq.
August 2024THE ROLE OF AN EXTERNAL ACCOUNTING AND AUDITING FIRM
The many compliance obligations for a PEO require partnering with an external or third-party accounting firm. The question is what exactly should an external accountant be responsible for?
BY Jean Goldstein, CPA
August 2024NAVIGATING AI IN WORKERS’ COMP: INSIGHTS FROM INDUSTRY EXPERTS
Nothing seems untouched from AI these days. Even PEO risk management. Earlier this year, I had the privilege to join a panel at NAPEO's Risk Management Workshop on the growing influence of AI and how it impacts the world of PEO risk management.
BY Chase Pettus
August 2024MIND THE GAP: WHAT YOU’RE NOT OFFERING CAN HURT YOU
To remain competitive and keep clients, PEOs must address these critical gaps in HR analytics, platform scalability and data security. By enhancing their service offerings in these areas, PEOs will better meet the evolving needs of their HR clients, ensuring sustained strategy, scale, security and satisfaction.
BY Celia Fleischaker
August 2024EMPOWERING PEOS: THE IMPERATIVE OF EDUCATING MINORITY SMALL AND MID-SIZE BUSINESSES
By educating minority SMBs about the benefits and intricacies of PEO partnerships, we not only foster a deeper understanding of our services but also cultivate trust and transparency.
BY Felcia G. Harris
August 2024PEOS IN THE COMMUNITY: SPIRIT HR: BUILDING THE ARTISTIC SPIRIT OF OKLAHOMA CITY
The three-pronged approach of helping the Allied Arts, Festival of the Arts, and Citizens Caring for Children has helped set the next generation up for success, and the giving spirit of Spirit HR isn’t going away any time soon.
BY Evan Fallor
August 2024G-P: BREAKING DOWN GLOBAL BARRIERS
Over the past few years, many within the PEO industry have encountered employer of record (EOR) companies. There’s been a lot of discussion within the industry about how to partner with EORs. Fortunately, NAPEO has benefited from having G-P as an Industry Champion medallion partner. Founded by CEO Nicole Sahin 13 years ago, G-P was …
BY Chris Chaney
August 2024