Tandem HR Acquires QTI’s PEO division
Tandem HR
SEPTEMBER 14, 2021
Tandem HR announced the acquisition of The QTI Group’s Professional Employer Organization (PEO) division on August 31, 2021.
HR Outsourcing Trends and Statistics SMBs Should Know
Extensis
APRIL 11, 2023
Diversity, equity, and inclusion (DEI) consultants : Firms or individual professionals who help businesses develop inclusive, diverse workforce policies and programs. billion between 2021 to 2026. According to the National Association of Professional Employer Organizations (NAPEO) : 487 PEOs exist in the U.S.
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Helping Clients Avoid Telehealth Fraud
Extensis
NOVEMBER 7, 2022
The Peterson-KFF HealthSystemTracker analyzed data from March 2019 through August 2021 and found that telehealth usage grew 13% within the first six months of the pandemic (compared to less than 1% before it began). In August 2021, usage rates plateaued at around 8%. But this rise in popularity didn’t come without some drawbacks.
4 Ways PEO Solutions Benefit Medical Practices
Extensis
NOVEMBER 6, 2023
For healthcare professionals, the demands of managing a practice can sometimes overshadow their primary mission: delivering high-quality healthcare. A professional employer organization (PEO) can step in as a powerful ally, simplifying operations, reducing costs, and allowing medical practices to focus on what truly matters most.
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5 HR Benefits PEOs Offer Non-Profit Organizations
Extensis
MAY 30, 2023
However, like any other organization, they also face challenges in managing their HR functions. That’s where professional employer organizations (PEOs) come in handy! That’s why more non-profit organizations are finding solace by partnering with a professional employer organization (PEO).
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Certified PEO
Zenefits
JUNE 13, 2023
For businesses bogged down by human resources requirements, partnering with a certified professional employer organization (CPEO) is an option. According to the National Association of Professional Employer Organizations (NAPEO), 180,000 small and midsize businesses use professional employer organizations (PEOs).¹
What PwC’s Medical Cost Trend Report Tells Us About Healthcare Headed Into 2023
Extensis
NOVEMBER 10, 2022
PricewaterhouseCoopers (PwC) recently released a report projecting a slightly lower medical cost trend than 2021, as well as a prediction for a return to spending costs pre-pandemic. As a professional employer organization (PEO) broker, preparing clients for these fluctuations year to year is essential.
What Brokers Can Be Thankful For This Year
Extensis
NOVEMBER 20, 2023
billion between 2021 to 2026. Artificial intelligence (AI)-powered recruiting tools , which small businesses may access via a professional employer organization (PEO) like ExtensisHR, can aid in this search by eliminating subconscious biases. Further, the market is expected to see an incremental growth of $10.90
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Top HR Challenges Found in HR Dive’s 2022 Identity of HR Report
Extensis
OCTOBER 19, 2022
According to the data, HR service vendor use increased in nearly every category: Payroll services jumped 15% year-over-year (from 53% of respondents using the services in 2021 to 61% this year). It’s no wonder more businesses are turning to HR outsourcing partners like professional employer organizations ( PEOs ).
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The PEO Industry in 2020 & Beyond: What The Next Decade Holds
Genesis HR Solutions
AUGUST 19, 2020
Like almost every other industry, professional employer organizations (PEOs) have been forced by the global pandemic to ask themselves this question. As we look toward 2021 and beyond, PEOs, including Genesis HR Solutions , are uniquely positioned to provide opportunities and positivity to our clients. Click To Tweet.
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California Pay Data Reporting Most Commonly Asked Questions
Trusaic
MARCH 8, 2021
Professional Employer Organizations and CA Pay Data Reporting. How Several New Laws for 2021 Will Affect CA Employers. 2021 Pay Data Reporting & Enforcement of the CA Equal Pay Act. The first annual reporting deadline is Wednesday, March 31st, 2021. Who Has to Submit a Pay Data Report?
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California’s Family Leave Mediation, Paid Family Leave Grants Updates
HRWatchdog
JULY 29, 2024
This mediation program offers a lifeline to small employers (five to 19 employees) who are navigating the intricate California Family Rights Act (CFRA) regulations. However, businesses using Professional Employer Organizations (PEOs) for payroll services are not eligible for these grants.
California Pay Data Reporting User Guide, Templates Available
HRWatchdog
FEBRUARY 5, 2021
As previously reported , the DFEH has been busy posting guidance to assist employers in complying with California’s new law requiring employers with 100 or more employees, and subject to federal EEO-1 reporting, to report certain pay data information to the DFEH by March 31, 2021.
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How to contain employee benefits costs (and why most businesses struggle)
Insperity
APRIL 29, 2021
In 2021, employer expenses for health insurance are expected to rise by 3.9 percent, according to Mercer’s National Survey of Employer-Sponsored Health Plans. This increase is in line with the average growth in annual health-insurance costs that employers have experienced over the last several years. Time and resources.
Is Telehealth Here to Stay?
Extensis
MAY 17, 2022
Here’s everything brokers need to know about telemedicine, and why to work with a professional employer organization (PEO) to offer it to clients. As of August 2021, usage rates settled around 8%. After gaining steam during the pandemic, the data is in and it’s clear that telehealth solutions are here to stay.
5 Common Life Insurance Myths and Misconceptions
Extensis
MAY 2, 2024
Here’s a look at common life insurance myths, why purchasing coverage is so essential, and how a professional employer organization (PEO) can make policies more affordable for small businesses. adults say they need (or need more) life insurance coverage, a two-point increase from 2021. 42% of U.S.
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The Time is Now for Brokers to Offer PEO Services
Extensis
APRIL 4, 2022
Quick look: According to a recent report by Avasant, the adoption of HR outsourcing grew 7% from June 2020 to June 2021 – and it’s time for brokers who don’t offer PEO services to begin doing so. According to the National Association of Professional Employer Organizations (NAPEO) , in the U.S. Which PEO is right for you?
What to Know About the Standard Mileage Rate for 2023
Extensis
JANUARY 6, 2023
For example, AAA’s annual “Your Driving Costs” report found that the average cost to own and operate a new car in 2022 soared to about $10,728 annually, an 11% year-over-year jump from 2021. While many organizations follow the standard mileage rates described above, doing so is not required.
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How the New Standard Mileage Rate Will Affect SMBs
Extensis
JUNE 22, 2022
Around this time in 2021, the national average price of gasoline was $3.08 No matter how you deduct your business-related vehicular expenses, a professional employer organization (PEO) can help. Why the hike? Simply put, gas prices are taking a toll. The business, medical, moving, or charitable purpose for the trip.
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How the New Independent Contractor Rule Affects SMBs
Extensis
DECEMBER 1, 2022
The DOL has officially published its proposed ruling to rescind the 2021 independent contractor classification rule. The 2021 ruling is still legally in effect and makes it easier for employers to classify workers as independent contractors. Certain states may have different factors to consider.
How to Avoid Costly Mistakes When Hiring Remote Workers Internationally
Cisive
MAY 10, 2022
Organizations with remote work policies have been able to significantly increase their geographic area of recruitment, creating more competition for talent. Not having access to the most recent information for each country and region can put your organization at risk of fines or legal action.
Mental Health Coverage Gets a Boost from Biden Administration: How the Proposal Affects Health Plans
Extensis
SEPTEMBER 6, 2023
Thus, employers are turning to brokers for guidance about how to incorporate mental health benefits in a way which will have the most positive impact without skyrocketing costs. With this demographic making up the majority of today’s workforce, it’s crucial for employers to include mental health benefits as part of their healthcare plans.
How PEOs Improve Mental Health Offerings for Finance Professionals
Extensis
AUGUST 16, 2023
Consequently, more financial institutions are partnering with professional employer organizations (PEOs) to achieve this goal. In 2021, the National Alliance of Mental Illness reported 65.4% Many finance professionals work long hours in order to accomplish multiple, meticulous initiatives.
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Taxes Can Be Taxing for PEOs Without PrismHR
Prism HR
APRIL 29, 2024
From child-care contributions to mobility taxes and much more, small and medium-sized businesses (SMBs) count on Professional Employer Organizations (PEOs) to help keep them in compliance. This tax consists of a flat employer rate of 0.21% as well as an employee tax with a variable rate based on earnings.
2022-2023 SHRM State of the Workplace Report Overview
Extensis
APRIL 14, 2023
Perhaps, unsurprisingly, inflation was deemed the fastest-growing HR concern in 2022, rising 13% from 2021. To better understand modern workforce demands, here’s an overview of other key findings from the report and how working with a professional employer organization (PEO) partner can help employers respond effectively.
What Are HR Services for Small Businesses? How to Find the Best Fit
Zenefits
AUGUST 20, 2022
Bureau of Labor Statistics, the 2021 median pay for human resources specialists was $62,290. For human resources managers, the 2021 median pay rose to $126,230 per year. That’s significant savings compared to hiring a full-time HR professional in-house. According to the U.S. According to the U.S.
It’s Never Too Early to Prepare Clients for the FSA “Use It or Lose It” Rule
Extensis
JANUARY 17, 2023
These temporary policies stated that: Employers could allow participants to roll over unused amounts. The permissible period for incurring claims for plan years ending in 2020 and 2021 was extended. Specific mid-year election changes were allowed for health FSAs and dependent care assistance programs for plan years ending in 2021.
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2023 Hiring Trends SMBs Should Expect This Year
Extensis
FEBRUARY 13, 2023
However, partnering with a professional employer organization (PEO) to gain access to large-group plan pricing may be a way for small businesses to stay competitive without breaking the bank. of hires in 2021, up from 3.9% It can be expensive, yet worthwhile, for SMBs to offer these benefits to their staff.
5 Ways to Help Clients Relieve Employee Financial Stress
Extensis
DECEMBER 6, 2022
According to Bank of America’s 12th annual Workplace Benefits Report , approximately 40% of employees want access to an investment professional, and almost two-thirds of employers are offering this (up from 55% in 2021).
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Our 5 Most-Read Benefits Broker Blogs of 2022
Extensis
DECEMBER 21, 2022
Employee Benefit Trends Study 2022, “The Rise of the Whole Employee: 20 Years of Change in Employer-Employee Dynamics:”. 74% of employees are interested in DEI and/or affinity groups when deciding to accept a new job (a substantial increase from the 48% reported in 2021). Hispanic workers (81%).
Gallagher Study: Top Factors Driving Employee Engagement and Retention
Extensis
SEPTEMBER 20, 2023
Quick look: In 2021, Gallagher data showed employee engagement and retention strategies were not aligned, meaning employers had to work twice as hard to keep their top talent. However, the latest study in 2023 shows the two are converging once again, and business leaders should be ready to adapt to and optimize what’s most effective.
The State of Unemployment Fraud and How a PEO Can Help SMBs Mitigate
Extensis
DECEMBER 8, 2022
At least 17% of unemployment benefits paid between 2020 and 2021 were flagged as fraud. ExtensisHR’s professional employer organization (PEO) solution helps to mitigate and tag fraudulent actions with oversight and quality control checks to validate unemployment claims.
How to Reduce Healthcare Costs for SMBs and Their Employees
Extensis
JANUARY 30, 2023
Luckily, brokers can help by partnering with a professional employer organization (PEO) that provides clients with comprehensive benefits plans at a lower cost than if they were to purchase them on their own. These price hikes have a serious impact on employees.
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White House to End COVID-19 Public Health Emergency: What This Means for Employers
Extensis
MARCH 15, 2023
Modifying health plans sans emergency benefits The last few years have conditioned employers to stay flexible when it comes to workplace restructuring, a challenge even without a global pandemic complicating things. Now, the convenience and accessibility have made it an integral part of employee benefits.
What SMB Employers Need to Know About the Independent Contractor Rule
Extensis
MARCH 9, 2023
In 2021, the U.S. Effective as of October 13, 2022, the ruling restores the multi-factor analysis needed to determine a worker’s status and reverts back to evaluating whether the work being performed is integral to the employer’s business. This applies to new hires as well as current contractor relationships.
Are Your DEI Initiatives Up to Par?
Extensis
AUGUST 16, 2022
An increasing share of employees prioritizes their employer’s (or prospective employer’s) DEI efforts. For instance, the MetLife study found that 74% of workers say they are interested in DEI and/or affinity groups when deciding to accept a new job, versus just 48% in 2021.
Transamerica Institute Retirement Report Reveals the Current State of 401(k)s
Extensis
OCTOBER 5, 2022
To support their clients, brokers who work with a professional employer organization (PEO) partner add value, resources, and expertise which present opportunities where they can remain competitive in a more cost-affordable way. Ways SMBs can help their employees save for the future. Implement auto-enrollment.
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SHRM 2022 Employee Benefits Survey: Evaluating the Trends
Extensis
AUGUST 9, 2022
However, since operations have resumed and established their new normal, it feels more secure to plan for the future, both from an employer and employee perspective. Here’s where a professional employer organization (PEO) like ExtensisHR can step in and support businesses so they can focus on other areas of company growth.
NJ.com Names ExtensisHR a Top Workplace in New Jersey
Extensis
JUNE 29, 2022
Following 25 th anniversary, company achieves top scores for professional development, inclusion, and more. June 29, 2022 – ExtensisHR , a nationally recognized Professional Employer Organization (PEO) and HR Outsourcing (HRO) services provider, proudly announces it has been named a 2022 Top Workplace by NJ.com.
Breast Cancer Awareness in the Workplace
Extensis
OCTOBER 10, 2022
The survey, which polled 135 employers across various industries covering 18 million Americans, found that cancer has surpassed musculoskeletal conditions and cardiovascular disease in terms of cost creation (all three were the biggest cost drivers in 2021). Some of this increase may be related to the COVID-19 pandemic.
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3 Open Enrollment Tips for SMB Employers
Extensis
JULY 19, 2022
Some organizations may need to create or revisit their plan but are stretched thin. In this case, it may be worth offloading the project to the benefits experts at a professional employer organization (PEO). Clear up communication. Communication is the pillar of success for many things, including open enrollment.
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Budgeting for Employee Health Benefits Without Skimping on Coverage
Extensis
JULY 5, 2022
However, in 2021, there was a slow return to normalcy, though new virus variants impacted company healthcare budgets due to deferred claims. Employer contribution amount. Now in 2022, the shuffle of demand and usage, cost and coverage all contribute to a growing need for budgeting in a new way. Provider network. Plan features (i.e.
Are Rising Healthcare Costs SMB’s Biggest Recruiting Obstacle?
Extensis
JANUARY 10, 2023
Professional employer organization (PEO) brokers can connect their SMB clients with an HR partner who offers flexible solutions and can adapt to evolving challenges. Even after adjusting for inflation, the average drug prices for a year’s supply rose from $2,115 in 2008 to equaling over $180,000 in 2021.
You Already Have the Talent You Need: Develop Them
Extensis
MAY 18, 2022
Employees themselves are also aware of the importance of learning new professional skills. According to a 2021 survey from Boston Consulting Group, a whopping 68% of employees are willing to train for entirely new roles. For SMBs, failure to keep up with emerging skills will become more and more of a liability.
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