Arizona-based Vensure Employer Services emerged as a major presence in the PEO industry in just the last few years. Industry insiders know the company for its aggressive pursuit of merger and acquisition (M&A) deals with other PEOs, but few know the story behind the company and the man who leads it: Alex Campos.
Alex is a serial entrepreneur and trained computer programmer who has started and sold several businesses in the technology space. He’s an experienced and successful business leader who runs a company that processes nearly $20 billion in payroll annually. Yet, Alex’s journey to the C-suite may best be described simply as the pursuit of the American Dream.
In the business world, companies and individuals use goal-setting methodologies to achieve the core mission, objectives, and key metrics. Many achieve this with the use of key performance indicators (KPIs).
Following industry best practices is a step in the right direction to help drive profitability.
Understanding how to analyze a PEO's financials is beneficial for scaling and maximizing profit. Formal due diligence on potential acquisitions within the PEO space should always begin with a financial analysis.
As we head into the midpoint of 2022, wage and goods inflation continues to be a hot topic because it continues to negatively affect the vast majority of industries, as well as the people working within them. How has the PEO industry managed to, in large part, avoid a phenomenon that has had such high-cost implications? It’s all relative. Literally.
The workplace certainly doesn’t look the same as it did a few years ago. The days of entire companies working out of the same physical location during standard working hours have been replaced by remote work and flexible workweek options. PEOs are having to identify the best way to communicate and provide high-touch service to clients that don’t operate the same way they have in the past. What was once a standard way of servicing clients has become a strategic mix of in-person and virtual connections.
I’ve often mentioned to friends and colleagues that the NAPEO event I enjoy most every year is the PEO Capitol Summit. We’ve made large strides in terms of educating our representatives and building alliances and relationships on the Hill, and the PEO Capitol Summit plays a large role in creating those connections.
I was getting ready to write my column for this month’s issue, having just wrapped another very successful PEO Capitol Summit. I was planning on recapping the Summit and all the great programming, Capitol Hill Day, the terrific lineup of political speakers and the highlight—our dinner at the National Archives. But then I saw this post on Facebook from Eric Foster of PEO Velocity, and chair of NAPEO’s Associate Member Committee.
“I just can’t find the workers we need,” is an intensifying concern we hear every day from nearly every client. While the staffing function previously stayed in the middle-management court, it now has the appreciably driving attention of our clients’ most senior executives. In 2022, every employee counts.
While workplace violence incidents may not have dominated the news cycle during COVID, incidents of workplace violence have increased over the past three years. According to one recent survey conducted by a major insurance carrier, 34 percent of small and mid-sized businesses experienced at least one employee threat or violent incident. This article examines some of the fundamental causes of workplace violence and the unique value PEOs can bring to their clients in addressing workplace violence and workplace culture issues.
The Supreme Court of the United States (SCOTUS) has certainly received much attention in recent weeks, but PEOs need to keep their eyes on the highest court in the land for an altogether different reason: The decisions we have already seen—and soon expect to see—from SCOTUS in 2022 will alter the landscape of workplace law. We’ve seen two big workplace law decisions already this year, we expect another one in the next month, and the court just accepted review of another case we will most likely see decided around the end of the year.
Even prior to the pandemic and surging inflation, PEOs are being asked to do more with less. Shortages in the available workforce, delays in virtually all supply chains, and increasing prices are crushing profits and putting significant pressure on management just to keep their businesses alive. What’s the solution?
The latest industry news and farewell to long-time PEO Insider editor Stephanie Oetjen.