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
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.
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. 10 Best Global HR Services for 2024 1. 10 Best Global HR Services for 2024 1.
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. AI-powered tools can simplify everything from drafting corporate emails to organizing your daily to-do list.
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. There are holiday celebrations to prepare for and attend, looming work deadlines, and your staff’s time off to track and plan around.
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. Open enrollment is an annual period in which employees can enroll in, change, or cancel insurance plans for themselves and their families for the upcoming year.
Quick look: The human resources industry has changed substantially in the last several years—a pattern that will continue in 2024. In the ExtensisHR 2024 Trends Report, review the top 10 latest industry developments and the steps your business can take to succeed, straight from our internal thought leaders.
In this article, we’ll deep dive into hospitality industry turnover and explore potential solutions to help employers navigate this challenging environment. Average Employee Turnover Rate in the Hospitality Industry The average turnover rate in the hospitality sector is currently 4.9% , compared to the average of 3.2%
HR Tech 2024 left us with a slew of new innovations, exciting product announcements and overall excitement about the HR tech market. AI agents, coming to an HR tech near you The next generation of AI technology and capabilities, known as “agents,” were highlighted at HR Tech.
Ensuring employees are paid accurately and on time, while complying with various tax laws, is crucial. Fortunately, payroll software can simplify this process. 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.
Human Resources (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.
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.
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.
Employeebenefit administration and analysis In today’s hyper-competitive market, employees consider their benefits a critical component of their total compensation. Technology adoption Technology plays a significant role in many traditional HR duties, from performance management to benefit enrollment.
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.
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.
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.
Our annual research allows us to identify the HR practices, technologies and other factors that correlate to high business and talent outcomes—information that HR leaders can use to make an impact. In this column, I will discuss what our research says about the latest trends in benefits strategies. We urge you to sign up today.
From offering competitive employeebenefits packages, to providing recruiting support and performance management guidance, brokers play a key role in helping these businesses succeed. student loan repayment and tuition reimbursement) were part of their benefits strategies, respectively.
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
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.
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. Thanksgiving is quickly approaching, as is the new year, making it a natural time to reflect on what has gone well so far this year and what may lie ahead in 2024.
There is a very obvious problem and a very simple solution but we still often fail to include engagement sufficiently in our HR strategies for business growth. Gartner’s HR trend of 2024 showcases HR technology as one of the top priorities for the next 12-24 months.
According to MetLifes EmployeeBenefit Trends Study 2024 , 92% of employees want more consistent care from their employers. Wellness benefits must support both immediate financial challenges and long-term goals. These changes signify an encouraging shift toward more inclusive financial benefits.
Here are the top 10 compensation courses and certifications you should consider in 2024 to bolster your expertise and career. Both certifications include comprehensive modules on compensation and benefits management , making them ideal for HR professionals seeking a broader understanding of total rewards.
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.
Employers stand on the edge of a major shift in employeebenefits. Put simply, outdated benefits just don't cut it. HR teams battle slow systems, weak communication, and rigid options, but there's a huge opportunity for change. The right tech can solve these challenges and take benefits to the next level.
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!
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.
Quick look: 401(k)s are the most popular retirement plans in the U.S. While their advantages for employees are well known, they also have tremendous benefits for business leaders. When people think of a retirement savings plan, many think of a 401(k). In 2024, the limit is $23,000. What is a 401(k)?
Employee feedback is the secret ingredient for unlocking new ideas, building a thriving workplace culture, and boosting employee engagement. But let’s be honest—finding the right employee feedback software to capture valuable insights is daunting. Employee feedback is a must-have for any internal communications pro.
Applicant tracking software (ATS) is a useful tool for this purpose. These include queries about their roles, performance expectations, provided equipment, employeebenefits , and company policies and procedures. HR helps managers to develop a clear 30-60-90 day onboarding plan to set expectations.
. - Advertisement - According to a recent survey by the International Foundation of EmployeeBenefitPlans, 42% of U.S. employers polled offered fertility-related benefits in 2024, up from 30% in 2020. This uptick comes as more employers consider fertility and family-building benefits imperative business tools.
For those looking to learn more about their paycheck, National Payroll Week’s resource center is full of tools, including an IRS tax withholding estimator, a paycheck calculator, a 401(k) calculator, and resources on social security benefits, direct deposit, employee work eligibility, child support, and paycheck management.
Richard “Rae” Eggleston, Gallagher In the past, voluntary benefits were often treated as add-ons to standard benefits, functioning like siloed solutions. “Offering these benefits often results in direct cost savings for employers,” Eggleston says.
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.
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. appeared first on HR Executive.
Employee database software helps HR departments streamline tasks such as record keeping, payroll, and performance management. With numerous options available, choosing the right software can be daunting. What is Employee Database Software? It offers a comprehensive suite of tools for managing employees.
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.
Flimp offers benefits consultants and employers a wide range of flexible, affordable, benefits communication solutions available in an easy-to-deploy, modular format called Flimp Campaigns. Access the all-new Flimp website here. Our new branding and website will help simplify our wide-ranging product offerings for customers.”
However, the right tools and support can help employees build financial resiliency and weather any storm. Employees often look to their employer as a source of financial wellness support. Many employees cannot afford a $1000 emergency Having enough money for a rainy day is a key pillar of financial resiliency.
Quick look: Gallup’s State of the Global Workplace: 2024 Report shows employees are struggling with finding their ideal work-life balance, which can directly affect a company’s productivity and long-term growth potential.
In 2024, managing the employee lifecycle efficiently is paramount for organizations aiming to attract, develop, and retain top talent. What is Employee Lifecycle Management Software? Workday Workday is a leading ELM software known for its comprehensive HR solutions that cover the entire employee lifecycle.
According to a 2024 analysis by the Financial Health Network, 70% of the U.S. population do not have access to or participate in employer-sponsored retirement plans. Conversely, workers with emergency funds are more likely to contribute to retirement plans. population is not financially healthy.
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