NAPEO
November 2024
THIS MONTH'S FOCUS: External Influences
MEET NAPEO’S NEW BOARD OF DIRECTORS MEMBERS
This September, six new PEO industry leaders joined NAPEO's Board of Directors. They spoke with PEO Insider to share a little about their backgrounds, why serving on the Board is important to them, and to share their advice for other members looking to get involved.
BY Chris Chaney
November 2024CONTENTS
FEATURED
EMPOWERING PEO SUCCESS: MAXIMIZING STRATEGIC IMPACT THROUGH EXTERNAL INFLUENCERS
Often, it’s client operational efficiencies, the “soft dollar savings”, that are never quantified in a black and white proposal, where external Influencers shine. The client trusts the external influencer more than the PEO salesperson to objectively validate and quantify investments in the PEO administration fees.
BY Mark Steiger
November 2024
AI AND TORT LIABILITY
As of this month, seventeen state insurance departments have adopted the NAIC model bulletin and four have passed laws restricting the use of AI. As an example, New York has restricted the use of any Automated Employment Decision Tool (AEDT) unless it has been tested for bias in the hiring process.
BY Paul Hughes
November 2024
NAVIGATING POLITICAL AND REGULATORY SHIFTS IN THE PEO INDUSTRY
Political and regulatory shifts inevitably influence how we operate and advise our clients. In our role as strategic advisors, we must plan for all scenarios. Whether regulations tighten or loosen, businesses will need our guidance to implement sustainable workforce strategies that work within the regulatory framework.
BY Carrie Pilon, ESQ.
November 2024
THE EVOLVING PEO SERVICE MIX: RECRUITING IS NOW NON-NEGOTIABLE
Recruiting is no longer an optional service for PEOs aiming to provide comprehensive HR solutions. It is an essential component that enables PEOs to position themselves as true full-service providers, capable of meeting the modern demands of their clients.
BY Joshua Siler
November 2024
ECONOMIC UPDATE AND THE RISE OF AI: WHAT PEOS NEED TO KNOW
As AI transforms the business landscape, PEOs are uniquely positioned to assist small businesses in navigating this technological revolution. They can provide guidance on AI-related HR practices, help with training and development programs focused on AI skills, and offer insights into how AI can enhance various aspects of workforce management.
BY John Slavic
November 2024TRACKS
“As we look ahead into 2025, there are additional issues we need to focus on to help our small business customers thrive. ”
BY David Feinberg
November 2024NAPEO’S 2024 WHITE PAPER
During our Annual Conference and Marketplace in September, we unveiled the findings of our latest white paper. This year’s study was conducted by noted economists Dr. Laurie Bassi and Dan McMurrer of McBassi & Company. Titled PEO Clients: Faster Growing, More Resilient Businesses with Lower Turnover Rates, the study examined how PEO clients fare compared …
BY Chris Chaney
November 2024PEOS IN THE COMMUNITY: ALTRES: HAWAII’S POTHOLE CREW
Through the company’s paid volunteering policy, the ALTRES ‘ohana — Hawaiian for family — has logged more than 650 volunteering hours with 75 local nonprofits over the past five years.
BY Evan Fallor
November 2024
“As an industry, we can do more now to be prepared to help when the next natural disaster disrupts our clients and our communities, and NAPEO will be looking for ways to do just that.”
BY Casey M. Clark
November 2024UNDERSTANDING VEBAs: A GUIDE FOR PEOs
For PEOs, establishing a VEBA presents an excellent opportunity to increase their service offerings, improve tax efficiency, and create a competitive advantage in the marketplace.
BY Jason F. Clausen, CPA
November 2024THE FEEDBACK LOOP: POWERFUL WHEN PURPOSEFUL
When we apply the principle of the feedback loop in the proper way, with purpose, it can be a powerful tool with limitless applications in this complex business we are in.
BY Steven Sweeney
November 2024FOSTERING A CULTURE OF LIFELONG LEARNING
Fostering a culture centered on continuous learning yields an array of benefits, including elevated levels of employee engagement, satisfaction, and retention.
BY Emily Duncan
November 2024OPTIMUM EMPLOYER SOLUTIONS NAMED ONE OF ORANGE COUNTY’S FASTEST-GROWING BUSINESSES
November 2024