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HR Outsourcing Trends and Statistics SMBs Should Know

Extensis

Quick look: By 2026, the HR outsourcing market is expected to grow by $10.90 Payroll processing businesses : Companies that partially or entirely take over payroll processing duties on behalf of other businesses. billion between 2021 to 2026. But what is causing this rapid expansion?

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What Brokers Can Be Thankful For This Year

Extensis

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. billion between 2021 to 2026. Additionally, HR Dive’s latest Identity of HR report discovered over half (57%) of surveyed businesses utilize benefits outsourcing/consultants.

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4 Ways PEO Solutions Benefit Medical Practices

Extensis

million healthcare workers is expected by 2026 if current clinical job vacancies trend persist. Proper payroll administration prevents costly fines Medical practices handle multiple financial responsibilities, with patient billing management being the most significant duty. increase in labor expenses.

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Turnover And Retention Rates for QSR Businesses

DailyPay

Between 2016 and 2026, the Bureau of Labor Statistics (BLS) estimates that the Food and Beverage service industry will grow 14% , which is faster than average across all sectors. Additionally, 67% of restaurants polled in the NRN survey stated staffing challenges cited as a top concern. WATCH THE WEBINAR. GET A FREE DEMO.

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5 Ways to Address the Healthcare Industry’s Turnover Crisis

Fond

This can be a huge challenge for HR leaders in the healthcare industry — people who are already overwhelmed with the day-to-day tasks of hiring, onboarding new employees, managing payroll, and much more. One way to gather employee feedback is through conducting an engagement survey. The Struggle with Burnout.

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3 Key Global Payroll Models Explained

Immedis

Industry experts predict that this year the global Payroll, HR and Services market value is approximately $21bn. This is estimated to double to $42bn by 2026. Such phenomenal growth means that we will see massive transformation and the face of global payroll will evolve at a rapid pace over the next decade. Immedis and GPA.

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Sweden Releases Its Proposed Amendments of EU Pay Transparency Directive

Trusaic

Currently, Swedish employers with more than 10 or more employees must produce annual pay surveys on their gender pay gaps. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps. The following information must be documented: Report on the pay survey, and an analysis of its causes.