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The Strategy of Risk Management

Managing risk involves dealing with uncertainty, reducing the possibility that things will go wrong, and protecting against hazards. Risk is best managed not by chance, a roll of the dice, but by a well-thought-out strategy and a methodical approach. The PEO’s strategy and approach helps lessen threats, many of which are beyond the PEO’s control.

Let’s start with the state of the insurance markets. The PEO certainly can’t control it, but it certainly can keep an eye on the markets, interpret the indicators, follow the trends, and act accordingly. The combined ratio is a key indicator for insurance carriers. High combined ratios and low investment yields year over year put stress on the workers’ comp line of business and its carriers. The Affordable Care Act (ACA) may affect the availability of health providers for work-related injuries and carriers will have to assume more of the risk associated with terrorist attacks if the Terrorism Risk Insurance Act (TRIA) is not renewed. Even so, the overall trend for workers’ comp is improving and, within this environment, PEOs still have options. Know More

Departments

Sales

How to Say It Best: Payroll Administration

Last year, I penned several articles for PEO Insider® discussing powerful ways to explain how we help clients. Those articles offered a simplified value proposition: We solve problems in the areas of human resources, workers’ compensation, risk management, employee benefits, and payroll.

Operations

Overcoming the Technology Challenges of the ACA

Federal legislation consisting of 11,000 pages of regulations introduces a certain degree of technical challenge. However, when you factor in the PEO/client relationship, the degree of complexity increases exponentially.

Executive Office

How to Establish Your PEO’s Risk Profile

At the risk of offending some, this is a “Risk Management Article for Dummies.” In other words, this is an article written for PEO owners and managers rather than risk management professionals.


Columns

Statehouse Update

SUTA Reporting in the States Paul Richman and Daniel Harris

As a new year begins for employers across the nation, we think it’s timely to take a look at several changes made to state PEO statutes that impact how PEOs are required to report their clients’ SUTA.

Up Front

ACA Final Employer Responsibility Regulations Released

On February 10, 2014, the U.S. Treasury Department issued final regulations for the employer shared responsibility requirements, or the “pay or play” rules, under Section 4980H of the IRS Code.


Small Business Perspective

Gold, Silver, Bronze...Congress Can Do Better Dan Danner

Winning an Olympic Games gold medal is one of the greatest moments in an athlete’s career—requiring dedication and total effort.

PEO Index

PEO Index Annual Growth Rate Almost 14 Percent John Slavic

The PEO Employment Index has increased consistently since 2009, forming a very substantial long-term trend. It is once again correlating with GDP as measured in dollars.


PEO Spotlight

Getting the NAPEO Ball Rolling in the Right Direction Stephanie Oetjen

By the early 1980s, there were quite a few “staff leasing” companies in California, and a smattering in a few other states. Most of these companies targeted companies with high-income professionals and marketed “leasing your employees” as a way to save money on your pension plan.

Global Insights

Small Business Efficiency Act Included in Tax Reform Discussion Draft Thom Stohler

On February 26, 2014, House Ways and Means Committee Chairman Dave Camp (R-MI) introduced a discussion draft of tax reform legislation, which included the top legislative priority of NAPEO—H.R. 3581, the Small Business Efficiency Act (SBEA).


The Inside Word

Final ACA Regulations Released, and NAPEO Is There for You Mark C. Perlberg

Although the true dynamics (and impact) of the Affordable Care Act (ACA) will take years to unfold, last week marked an extremely important milestone in the implementation of the law.

NAPEO Advisor

2014 NAPEO Chairperson President and CEO Oasis Outsourcing West Palm Beach, Florida William J. Schilling, Esq.

Q. A client would like to transfer an employee who has filed a harassment complaint with the state equivalent of the EEOC to another unit. Is that a problem? A. Potentially yes


NAPEO Notebook

Industry Growth and Potential Patrick J. Cleary

February found me—in the course of a few days—in two states with big PEO footprints: Florida and Texas. I traveled to Florida for the annual FAPEO meeting and legislative day.

#napeo30

The Compelling Forces that Created NAPEO, née the National Staff Leasing Association

Rumors that the Internal Revenue Service was going to push for legislation that would shut down the tax advantages of staff leasing provided the setting for the creation of the National Staff Leasing Association in November 1984.


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