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Here, discover the key insights outlined in ExtensisHRs 2025 HR Trends Report and learn how brokers can leverage these emerging developments to strengthen client relationships. To foster success in 2025, clients should confirm their benefits packages remain relevant or adjust them accordingly.
In 2025, organizations are increasingly adopting headcount management software to streamline employee data management, optimize workforce planning, and forecast future needs. Employee experience tools : Enhances employee engagement and retention. Who Benefits from Headcount Management Software?
The healthcare industry presents unique challenges for HR professionals, from managing complex regulatory requirements to scheduling staff efficiently and ensuring seamless payroll and benefits administration. In 2025, several top-tier HR software solutions are tailored specifically for the healthcare sector.
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 legal and regulatory changes: Ensure compliance with any new labor laws or industry-specific requirements.
These trends underscore the continued evolution of HR technology as a critical enabler of business success, especially as companies focus on skills, retention, and employee well-being in a competitive labor market. This acquisition highlights the growing focus on comprehensive benefits packages to attract and retain talent.
Though MHPAEA has been in effect for more than 15 years, employers have thus far struggled to apply the law in a way that satisfies the federal agencies overseeing compliance, said Sarah Raaii, a partner in the employeebenefits and executive compensation group of law firm McDermott Will & Emery LLP. 9 statement.
Introduction HR compliance is crucial, but many businesses still struggle with ever-changing regulations. The right software can simplify compliance management, reduce costly mistakes, and make it easier to follow complex legal requirements. What is HR Compliance Software?
However, human capital management does have a distinct focus that organizations will want to consider as they work on improving their HR practices or building their HR strategies for 2025. Compensation HCM strategically offers compensation through salaries, bonuses, perks, and employeebenefits to attract and retain top talent.
Managing HR in the construction industry comes with unique challenges, including tracking workers across multiple job sites, managing compliance requirements, and streamlining payroll for varying pay structures. The right HR software can help construction companies improve efficiency and ensure compliance.
Quick look: A new year is quickly approaching, and with it comes a new set of contribution limits for retirement accounts, health savings accounts, flexible savings accounts, and commuter benefits plans. Employers and their staff should review these new figures set by the IRS and adapt their 2025benefits plans accordingly.
Flexible spending accounts (FSAs) allow your employees to use pre-tax dollars to cover eligible out-of-pocket healthcare expenses, providing a tax-efficient way to manage medical costs. Keep reading to learn more about FSA compliance and how to design an FSA plan at your company. It is not legal or tax advice.
It was a time of uncertainty and back-and-forth changes, but what evolved was an insightful perspective of what employeesbenefited from most which ultimately set the tone for expectations today. This coming together of brokers and PEOs reflects where we are in 2025. Everyday life radically shifted, including the way we work.
A new year brings new contribution limits for various employeebenefit plans. If you’re currently offering benefits or looking to enhance your benefits package in 2025, you need to be aware of the changes to maximum contribution limits.
As we step into 2025, businesses face an increasingly challenging environment of regulations, workforce dynamics, and economic challenges. Here are some reasons why working with a PEO is a strategic move for businesses in 2025. Services provided by PEOs often include: Assistance with employee handbooks and policy creation.
This year, our most-read blogs reflected these developments, focusing on topics like how to best appeal to Gen Z talent, the benefits of outsourcing HR, ways to improve company culture, and more. Read on to dive deeper into these issues, which will continue to prove valuable as 2025 unfolds. What Does Gen Z Want in the Workplace?
In 2025, businesses can no longer get away with ignoring technology at work. HRIS offers many benefits that an organization can utilize and customize to suit its needs. What to Look for While Making HRIS Comparisons in 2025? Comparing BambooHR and Workday for 2025 requires us to look at a few different facets of the tools.
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. Heres a glance at the average experience of employees in our different departments: Department Average Experience of Staff HR Services 12.3 years Benefit Operations 8.4
For deeper insights backed by industry leaders, be sure to download the ExtensisHR 2025 HR Trends Report here. Artificial intelligence (AI) is now involved in daily tasks, employee expectations have deepened, and adapting to and preparing for change and uncertainty is increasingly important.
In 2025, one in three employees in the U.S. Pay transparency goes beyond legal compliance - Advertisement - First, its important to recognize that pay transparency is more than just a compliance issueits also a people and culture issue. In the U.S. , will be covered by pay transparency laws.
Retail coffee chain Starbucks recently announced that in 2025, it is upping its paid parental leave benefit, increasing the leave from six weeks to 18 weeks for birth parents and 12 weeks for non-birth parents.
elections potentially leading to significant shifts in employment laws and employeebenefits, its crucial for employers to stay ahead of changes to maintain compliance. New regulations could affect everything from healthcare policies and labor laws to tax laws, all of which play a key role in benefits administration.
Quick look: As 2025 unfolds, a new wave of human resources trends is emerging. The ExtensisHR 2025 Trends Report highlights the top five shifts, complete with actionable insights from industry thought leaders.Below is a quick recap of the report, which can be downloaded using the form below.
Being eligible for HRA reimbursement prior to incurring claims of at least $1,650 for single HDHP coverage, or $3,300 for family HDHP coverage (in 2025) is disqualifying coverage for purposes of HSA-eligibility. Content for the WEX compliance Q&A is provided by Benefit Comply, LLC. This is confirmed in IRS Notice 2004-45.
In 2025, salaries alone no longer define an attractive employment offer. Employers are increasingly turning to fringe benefits. What are fringe benefits? But what exactly is the meaning of fringe benefits, and why do they matter? Employee perks have evolved over decades as a strategic tool for businesses to stand out.
In today's rapidly evolving workplace landscape, employers are continually seeking innovative ways to provide comprehensive benefits that meet their employees' diverse needs. One such solution gaining traction is the multi-benefit card, a versatile tool designed to streamline and enhance the employeebenefits experience.
At the same time, they are managing quickly changing environments like compliance and tech integration, while working to keep employee and business interests balanced. HR professionals are the ones helping get the benefits, the supports, the resources for the entire organization.
Discover More What to Look For In a Payroll Software When looking for a good compliance software solution , keep an eye out for the following aspects and features: Ease of use : Its easy to set up and offers an intuitive user experience. It can also automate payroll taxes to ensure compliance.
While establishing fair wages will always be in style, benefit trends illustrate the employee desire to secure their financial future in other ways. These days, traditional employeebenefits like medical, dental, vision, and life insurance serve as a baseline, with hopes of an additional payoff from other long-term financial support.
Under the Consolidated Appropriations Act (CAA), this benefit has been extended through December 2025. Here’s how the incentive works: employers may contribute up to $5,250 in student loan repayments per employee per year. Payments are tax-free, whether they are issued directly to the employee or the student loan servicer.
Quick look: The 2023 SHRM EmployeeBenefits Survey highlights the shift brokers are experiencing in how clients are prioritizing employeebenefits. Therefore, rather than viewing the future of employeebenefits as an “out with old, in with the new” situation, it’s better to welcome a co-mingling of the two.
was since written into law and includes the following changes that affect retirement preparations: Companies may match contributions to employee retirement savings accounts based on their employees’ student loan payments. Brokers should note that SECURE Act 2.0 Catch-up contribution limits for older workers increased.
Discover More What to Look For In a Payroll Software When looking for a good compliance software solution , keep an eye out for the following aspects and features: Ease of use : Its easy to set up and offers an intuitive user experience. It can also automate payroll taxes to ensure compliance.
China: Increases Statutory Paid Leave for Employees Effective 2025, the Chinese government is enhancing employeebenefits by adding two more days of paid statutory holidays. This increase is outlined in the recent Order of the State Council of the People’s Republic of China.
Its a situation that has attracted the attention of legislators, leading to a new law The Retail Worker Safety Act which applies to businesses with at least 10 retail employees, not including restaurants or stores primarily engaged in the sale of food for consumption on premises.
They’re working with smaller budgets for payroll and employeebenefits. Contingent workers may not be permanent employees, but you can establish long-term, mutually beneficial relationships with them. The Growing Contingent Workforce Contingent workers will make up 35-40% of the global workforce by 2025. billion by 2031.
Where does that leave us in 2025 and beyond? Compliance and tax expertise Speaking of IRS penalties, to avoid those mentioned above and others, payroll taxes need to be accurate and timely. The post Why 2025 is the Year You Invest in Payroll Software appeared first on Netchex. Will business fall back into the same old routine?
Kansas HR Compliance for Businesses | Paychex mober Mon, 05/13/2024 - 14:08 Stay Up to Date State regulatory changes sent to your email. " ); jQuery(".mktoForm Paychex aims to help by providing compliance resources for businesses in Kansas. Time and Attendance Track employee time and maximize payroll accuracy. mktoForm select").focus(function(){
Benefits previously paid for may soon disappear, leaving businesses wondering how they should prepare and PEO brokers strategizing ways to help them. What’s next for employer-sponsored health benefits? Much has changed in the last few years with regards to benefitcompliance and competitiveness.
From finalizing payroll to forecasting hiring needs, these end-of-year tasks are crucial for businesses to ensure compliance, enhance employee satisfaction, and streamline operations. Our comprehensive end-of-year HR checklist highlights the essential steps to finish 2024 strong and lay the groundwork for 2025 and beyond.
To help alleviate financial stress (and subsequently, improve work productivity and employee retention), it’s beneficial for brokers to explore solutions which support financial wellness goals. Tax regulations and advantages Changes to employeebenefits laws may offer financial incentives for SMBs.
The desirability of this feature among small businesses isn’t surprising since 51% of IT spending among businesses is expected to switch from traditional technology to cloud-based tech in 2025. They also produce an accessible record of LOA activities that help verify a company’s compliance with leave regulations.
Quick look: Compliance changes over the past few years have moved at a frenetic pace. requires businesses to automatically enroll employees in 401(k) plans. This stipulation takes effect starting January 1, 2025, unless the employee chooses to opt out. We are here to support brokers and their SMB partnerships.
Act are: Starting in 2025, long-term, part-time employees – those workers with at least two years’ tenure and who have worked a minimum of 500 hours – must be able to participate in their company’s retirement plan. And, every year, that percentage automatically increases unless the employee intervenes to make changes.
The opportunity for companies to match contributions to employee retirement savings accounts based on their workers’ student loan payments. Starting in 2025, businesses that offer 401(k) and 403(b) plans must automatically enroll eligible employees and provide a contribution rate of at least 3%.
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