This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
HumanResource (HR) services have become a critical component of business success, particularly in a globalized economy. With the increasing complexity of workforce management, HR service providers offer a wide range of solutions to help businesses attract, retain, and manage talent effectively.
The HR technology market in 2024 was a story of resilience and growth amidst a rapidly changing global landscape. From groundbreaking mergers and acquisitions to the introduction of innovative solutions that redefine talent management, payroll, and employee experience, 2024 has proven to be a year of transformation.
Quick look: A new year is here, and with it comes a fresh set of workplace trends, from further incorporating artificial intelligence into daily tasks to designing comprehensive succession plans. These applications already prove valuable to employees. You may also download the entire report using the button below.
Quick look: As 2024 comes to a close, it’s time for HR professionals to review, reflect, and fine-tune their processes to ensure compliance, enhance employee satisfaction, and streamline operations. Two critical tasks: ✓ Review benefits enrollment: Make sure changes in employeebenefits for the new year are processed correctly.
Several trends in traditional and non-traditional benefits are poised to transform the HR and benefits landscapes. GENERAL TRENDS Rapid technological advancements and shifting employee expectations have added another layer to recruiting and retaining top talent.
In this guide, we’ll explore practical strategies to streamline open enrollment and how a PEO can help busy SMBs make the most of their benefit election cycle. In this blog, we’ll dive into the key aspects of open enrollment, why it’s important to companies and their staff, and three tips to improve and simplify the experience.
Quick look: The humanresources industry has changed substantially in the last several years—a pattern that will continue in 2024. Today’s business landscape is highly competitive, meaning organizations must brush up on and adapt to the latest HR trends. To prosper through it all, organizations must be prepared.
Even as overall hiring and quit rates slowed in 2024, their challenges havent let up. Nearly one-third of small businesses that tried to hire last year werent able to find employees who were a good fit, Gustos latest State of Small Business survey found. Employees dont expect the stars and the moon, right? Tremper said.
Employeebenefits management has become increasingly complex in recent years, with professionals needing to navigate health plans, retirement packages, wellness programs, and various compliance regulations. Below are the top 10 employeebenefits certifications for professionals in 2024.
Quick look: Happy HumanResource Professional Day! This celebration occurs annually on September 26 and is dedicated to honoring the hardworking HR teams who work tirelessly to support, guide, and empower employees. Employees are the foundation of every successful business.
To help in that endeavor, weve gathered our five most-read blogs of 2024, which are full of insights on how your company can adapt to the latest workforce developments, from the new wave of Gen Z employees to comprehensive tips on improving corporate culture. However, HR outsourcing can also drive many other advantages.
HumanResources (HR) outsourcing has become a vital solution for businesses looking to streamline their HR functions, reduce costs, and focus on their core operations. In 2024, the HR outsourcing landscape offers a variety of providers with comprehensive solutions tailored to meet the needs of businesses of all sizes.
We are slowly witnessing the resurgence of HumanResource Management, with companies actively investigating how HR teams can contribute to business growth. For years, HR teams have largely been delegated to admin tasks and rote hiring activities, but there are innumerable ways by which HR can contribute to business success.
HR Tech 2024 left us with a slew of new innovations, exciting product announcements and overall excitement about the HR tech market. With so much buzz, so many exhibitors, all the new products on display and even new terms to reckon with, you might be slightly overwhelmed by HR tech news at the moment.
Quick look: SHRM recently released its annual employeebenefits survey depicting what benefits remain high-priority and which are trending upward. Though the popularity of some benefits may not come as a surprise, there are a few important changes to note which brokers can help their clients get ready for.
Thankfully, market trends are pointing toward a continued need for benefits and PEO brokers, and the right HR outsourcing partner can help them continue to meet those demands. According to market research firm Technavio , 56% of the HR outsourcing market’s expected growth between 2022 to 2026 is slated to come from North America.
As followers of Sapient Insights Group know, we place a lot of emphasis on helping HR teams elevate the awareness of their work and their contributions to the business. In this column, I will discuss what our research says about the latest trends in benefits strategies. When you think about it, these findings aren’t surprising.
employers are shuffling their employeebenefits priorities for next year, according to a new survey, moving away from new mental health initiatives and instead prioritizing efforts to control rising healthcare costs. 1 focus for new benefits initiatives at organizations with at least 500 employees.
A well-structured compensation strategy enhances employee satisfaction and drives business success. Whether you’re a seasoned HR professional or looking to break into this field, upskilling through certifications and specialized courses is essential. Access to SHRM’s global network and resources.
Thankfully, market trends are pointing toward a continued need for benefits and PEO brokers, and the right HR outsourcing partner can help them continue to meet those demands. Per SHRM’s 2023-2024 State of the Workplace report , the top two concerns for organizations in 2023 were inflation (73%) and employee mental health (66%).
Quick look: As 2024 comes to a close, its an opportune time for brokers to review trends from the past year and brainstorm ways to improve in 2025. Explore these topics and more below in a roundup of our five most popular broker blogs of 2024: 1. years Benefit Operations 8.4 years Benefit Management 20.7 years Payroll 11.3
At its heart, HR is about looking after employees by guiding them through every step of the employee journey through the core HR processes. So, what core HR processes should you focus on in your organization, and how can you maximize their efficiency? Contents What are HR processes?
The percentage of employers offering healthcare benefits to employees’ dependent grandchildren is on a steep rise, doubling in the past two years, according to a recent report by the International Foundation of EmployeeBenefitPlans. Behind the rapid growth of these benefits appeared first on HR Executive.
Total rewards include compensation, benefits, well-being initiatives, and recognition, and help companies increase productivity, retention rates, and talent acquisition success. Here’s how to design an impactful total rewards plan, and how a PEO can help time-strapped SMBs reap the benefits of a well-appointed program.
As organisations grow and evolve, their HR and payroll systems must be able to adapt to new challenges, whether it’s a sudden surge in hiring, the complexities of managing a remote workforce, or the need to comply with ever-changing regulations. Scalability has become a crucial factor for companies of all sizes.
Provide the right benefits Wellness is multifaceted and includes physical, mental, and financial well-being. Offering a comprehensive suite of employeebenefits catered to the various aspects of wellness can alleviate employees’ stress and encourage them to continue working at your organization. Don’t stress!
Whether your HR team is aiming for higher HDHP enrollment, greater wellness program utilization, or improved benefits literacy, achieving your goals in 2025 will invariably depend on your company’s employees learning something and, crucially, retaining that knowledge throughout the year. One solution is seasonality.
Here, we review the 10 best payroll software options for small businesses in 2024, detailing their features, pricing, pros, and cons to help you make an informed decision. It offers extensive payroll and HR features, making it ideal for growing businesses. It is designed to handle payroll, HR, and benefits administration seamlessly.
Take the “Getting Paid In America” survey (explore last year’s survey results here) Sign your business up to be an official NPW supporter (it’s free!) Decorate your company’s payroll department with NPW merchandise Plan an NPW party with games, quizzes, PAYDAY candy bars, and more.
employers look to bring in talent with inclusive workplaces that center employee needs, more are expanding their benefits portfolios to include fertility-related coverage. Advertisement - According to a recent survey by the International Foundation of EmployeeBenefitPlans, 42% of U.S.
The measure was part of a larger preemptive law stopping local governments from establishing minimum wages above the state’s $12-an-hour rate, as well as barring any specific employeebenefits or conditions beyond what state or federal laws allow as a requirement for doing business with any municipality in Florida. So, what’s HR to do?
drew the attention of HR leaders: a class-action suit seeking $100 million in damages. Financial flexibility and wellness tools such as on-demand pay and earned wage access are becoming significant levers for employeebenefits, and tech firms are responding with innovative options to meet this growing demand, according to industry analysts.
According to a 2024 analysis by the Financial Health Network, 70% of the U.S. Day-to-day financial challenges —such as short-term savings, debt management, spending relative to income and the ability to pay bills on time—are all key drivers of poor financial health. population is not financially healthy.
The 2024 disasters resulted in $1 billion in losses to the U.S. As climate change progresses and the number of natural disasters is expected to climb, some employers are turning to catastrophe insurance for their employees to offset costs for both the workforce and the organization. It can improve metrics across the business.
MetLife’s 2024 annual U.S. EmployeeBenefit Trends Study revealed that across all generations, employees overwhelmingly want to feel cared for by their employers; they want to know that “someone cares.” Are layoffs part of a long-term strategic plan or the only plan? Co-author Fred K.
HR has evolved considerably in the past decades and continues to do so. Yet, core HR best practices have persisted, serving as guiding principles that HumanResources departments can rely on for developing people-related strategies that move their organizations forward and spur business growth. strive for best fit).
According to WTW’s 2024 Best Practices in Healthcare Survey , employers project their healthcare costs will increase by 7.7% in 2024 and 6.5% By doing so, HR leaders can gain insights into their own health trends, risk factors and expected future healthcare use patterns. in 2025 , compared to 6.9%
million employees in the U.S. forecast for 2024, it is significantly higher than the roughly 6% increase forecast for many years since 2010. Compounded, the projections mean employers are expected to spend 50% more on employee healthcare in 2025 than they did in 2017, the report shows.
Research on workplace empathy reveals alarming gaps between employees’ mental health needs and the support they receive from their employers. Consider employeebenefits , for example. In a 2024 Businessolver survey, 90% of employees said having mental health benefits available at enrollment was important.
Better benefits or buh-bye. That’s the mindset of the 53% of employees surveyed for the 2023–2024 Aflac WorkForces Report who said they would likely take a lower paying job for a more robust benefits package. For many, that includes family planning. Quick-to-read HR news & insights. Looking ahead.
However, over the past decade, employers have largely realized the value of integrating voluntary benefits into the same administrative platform as the organization’s core benefits to make enrollment easier and faster for employees. Voluntary benefits trends bubbling up While most U.S.
Benefits Administration: They provide and manage employeebenefits such as health insurance, retirement plans, and other perks, tailored to local regulations and standards. Tax Compliance: The EOR manages the collection and payment of employment-related taxes, ensuring that all statutory obligations are met.
Employeebenefits have evolved significantly in recent years, moving beyond basic offerings like health insurance and paid time off to more tailored packages catering to the modern workforce’s needs. There’s also a growing focus on financial counseling, 401(k) planning, budgeting and pet insurance plans.
HR professionals are being asked to do even more with even less heading into 2024, making it the “year of efficiency,” according to Josh Merrill , CEO and co-founder of performance management platform Confirm. However, 2024 is expected to present promising tech-driven shifts for employers and humanresource teams.
We organize all of the trending information in your field so you don't have to. Join 318,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content