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Top HR Challenges Found in HR Dive’s 2022 Identity of HR Report

Extensis

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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What Brokers Can Be Thankful For This Year

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billion between 2021 to 2026. Further, the study showed that HR professionals are adapting to employees’ desire for more robust total rewards packages , as there was a 7% increase this year in student loan repayment/other educational benefits and an 8% uptick in retirement benefits/contributions.

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Certified PEO

Zenefits

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

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Transamerica Institute Retirement Report Reveals the Current State of 401(k)s

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Quick look: The importance of retirement savings is a crucial factor among today’s multi-generational workforce. An August 2022 Transamerica Institute report reveals employers are eager to support financial well-being in an effort to attract and retain talent. 80% of employers look at retirement benefits for attracting talent.

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The Top 3 Benefits of 401(k) Plans for SMB Employers

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Quick look: 401(k)s are the most popular retirement plans in the U.S., Here, dive into the many potential benefits of 401(k) plans for SMB employers, including improved employee retention rates, more successful recruiting, and decreased tax liability. When people think of a retirement savings plan, many think of a 401(k).

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SHRM 2022 Employee Benefits Survey: Evaluating the Trends

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The association sought out responses from SHRM members across various organizations to determine where the future of employee benefits is headed. The survey covers employee health benefits, retirement and savings, paid leave, and flexible work schedules as the top categories employers and their employees value most.

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5 Common Life Insurance Myths and Misconceptions

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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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