What kind of company is BBSI?

What kind of company is BBSI?

What kind of company is BBSI?

Barrett Business Services, Inc. (BBSI) is a provider of business management solutions for small and mid-sized companies. The Company has developed a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.

How many employees does Bbsi have?

Barrett Business Services (BBSI) is employed in helping businesses. BBSI offers professional employment organization (PEO) services to some 7,200 small and mid-sized businesses and their approximately 200,000 employees.

What does Bbsi stand for?

BBSI

Acronym Definition
BBSI Brain Boundary Shift Integral (computing)
BBSI Black Belt Schools International
BBSI Brigance Basic Skills Inventory (assessment tool)
BBSI Beauty and Barber Supply Institute, Inc

What does PEO stand for?

Philanthropic Educational Organization
P.E.O. stands for Philanthropic Educational Organization. The original meaning of the letters, as established by the P.E.O. Founders, is reserved for members only.

How does a PEO make money?

In general, there are two main ways that PEOs make money: The fees you pay to the PEO directly. PEOs charge for their services. Generally, they will either charge a fixed percentage of your total payroll, or a flat fee per employee.

Are PEOs good?

Theoretically, PEOs are a great way for entrepreneurs to lower their employer costs. But, there is a real danger in employing a PEO. PEOs that fail to properly file taxes for your employees is “annoying,” but ultimately the responsibility typically lies with the PEO.

What is the downside of a PEO?

PEO pricing can be subjective and negotiable, making it difficult to know what is a fair price. Typically, a business is charged a percentage of their payroll. Invoices can be difficult to understand with payroll, taxes, workers’ comp, ELPI, and their administrative fee often lumped together as a “package.”

When should you use a PEO?

By providing payroll, benefits, and HR services and assisting with compliance issues under state and federal law, PEOs allow small businesses to improve productivity and profitability, to focus on their core mission, and to grow.

Is BBSI a PEO?

BBSI is a PEO service provider that specializes in management and staffing solutions.

What is workers comp?

Workers Compensation, also known as workers comp or workmans comp, is a set of state laws designed to protect people that have been injured or disabled in the work place.

What is a work comp pool?

The assigned risk plan, commonly known as the workers compensation pool, is considered for some employers the market of last resort. Meaning, for some reason, they cannot secure workers compensation insurance from a standard market company.