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4 Ways PEO Solutions Benefit Medical Practices

Extensis

A professional employer organization (PEO) can step in as a powerful ally, simplifying operations, reducing costs, and allowing medical practices to focus on what truly matters most. This is where a professional employer organization (PEO) can step in to provide valuable assistance. PEOs rectify this issue with its recruiting services.

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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 Because of this, many small business owners have turned to a solution that has been growing in popularity, especially over the last decade: HR outsourcing. Rather, an HRIS is a valuable tool for experienced HR managers. billion between 2021 to 2026.

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What Brokers Can Be Thankful For This Year

Extensis

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.

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Taxes Can Be Taxing for PEOs Without PrismHR

Prism HR

From child-care contributions to mobility taxes and much more, small and medium-sized businesses (SMBs) count on Professional Employer Organizations (PEOs) to help keep them in compliance. Minnesota will join them in 2026. Conversely, the PFML statute in Oregon was silent on the PEO relationship.

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3 Hidden HR Compliance Risks Every SMB Should Know

Extensis

The following three HR risks are potentially residing within well-meaning companies—and can be mitigated by partnering with a professional employer organization (PEO) that provides comprehensive HR risk management services. For example, employers in New York City must obtain a “bias audit” for all automated decision tools.

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DOL’s New Rules for 401(k)s and Group Health Plans: What Brokers and Their Clients Should Know

Extensis

The Department of Labor (DOL) has updated rules regarding employer-sponsored healthcare and 401(k) plans starting in 2023 and continuing over the next few years. Regulatory Agenda, the DOL has made notable changes to the Employee Retirement Income Security Act of 1974 (ERISA), as well as group health plans. In 2023, SECURE 2.0

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Our 5 Most Popular Broker Blogs of 2023

Extensis

It’s that time of year again: 2023 is drawing to a close, and people everywhere, including benefits and PEO brokers, are pondering their key takeaways for the year. One-size-fits-all plans simply don’t cut it anymore. The human resources (HR) industry experienced several key trends this year. Read more > 3.