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2022 Was Another Record Year for HR Tech: See 20+ M&A Activities that Shaped the Market

Lighthouse

When you juxtapose that with the fact that 2021 was the biggest year ever for the HR technology market in terms of investment, we just couldn’t go without sharing the biggest pieces of the last 12 months and highlighting a few of the notable 2022 transactions for their specific value. You can see their breakdown of 2022 activities here.

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

Extensis

Quick look: Many HR challenges arose during the years since the pandemic began, and 2022 was no different. Here, take a closer look at these challenges and how brokers can join forces with a PEO to help clients succeed. In the survey, these experts answered questions regarding their role’s top priorities, stresses, and habits in 2022.

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HR Outsourcing Trends and Statistics SMBs Should Know

Extensis

Professional employer organizations (PEOs) : Organizations that enter into a joint-employment relationship with a business and provide comprehensive solutions for HR, payroll, risk and compliance, employee benefits, recruiting, and more. And the PEO industry is booming. billion between 2021 to 2026.

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Exclusive: Remote seeks to deepen foothold in US market with expansion

HR Brew

Remote announced a Series C fundraising round led by SoftBank Vision Fund 2 in 2022, which resulted in $300 million worth of investments at a $3 billion valuation. If a business decides to hire US employees directly rather than through an EOR or a PEO, Remote can still help with outsourcing HR-specific tasks, van der Voort said.

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L&D: The Key to Success for Today’s SMBs

Extensis

From boosting employee retention rates to safeguarding against industry disruptions, here’s how L&D can benefit today’s SMBs, and how working with a PEO can simplify the process. Required courses, like compliance training. This is where partnering with dedicated HR experts at a PEO can provide enormous value.

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Does Your Business Need An Employer Of Record?  

Hppy

A study was conducted in 2022 and found that 52% of businesses prefer to use professional services. Compliance With Labor Laws The first benefit of hiring an EoR is complying with existing labor laws. Meanwhile, an employer of record can help a business in various ways. Here are some of them: 1.

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Deciding Between an ASO vs. PEO? Understand the Differences

Zenefits

Business owners planning to outsource some or all of their HR tasks will most likely look at both PEO and ASO options. The ASO vs. PEO comparison is important because either model may be the best choice, depending on the organization’s needs. What is a PEO? Compliance reporting. Unemployment taxes. What is an ASO?