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In compliance with laws in all areas of operations. Reviewing benefits to not only ensure compliance with all new applicable laws, but to confirm alignment with worker expectations in a range of markets and offer a better employee experience for more people. There is another solution: partnering with a PEO.
Designed to highlight critical industry developments, ExtensisHR’s 2024 Trends Report features insight from our professional employer organization (PEO) subject matter experts. Your organization may not have extra time to devote to the intricacies of HR trends and employer compliance concerns, but a PEO does.
They assist with offer negotiations, ensuring that compensation packages align with industry benchmarks and meet both employer and candidate expectations. Additionally, they oversee pre-employment checks, background verification, and compliance requirements to minimize hiring risks.
Their responsibilities include: Conducting salary research and benchmarking Monitoring inflation trends Adjusting compensation rates according to roles and skills Ensuring the business’s compliance with all state and federal compensation laws, including minimum wage, equal pay, and overtime 6.
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. Benchmarking your organization’s benefits, programs, and policies against industry standards and best practices is also helpful during the design phase. We’re here to help.
A PEO can be used as the sole solution, or to augment internal HR staff with additional expertise and functionality. An Attractive HR Department Alternative: PEOs. For companies that don’t need an HR department, there are other options for fulfilling this function, including PEOs, HROs, ASOs, and staffing companies.
With the help of a professional employer organization (PEO), brokers can build tailored health plans to meet this urgent demand while complementing SMB growth. By factoring in the geography of a SMBs work population, a PEO partner can create benefit plans with coverage where employees reside.
Quick look: While professional employer organizations (PEOs) are known for services like benefits and payroll, they can provide so much more. Here are four lesser-known PEO offerings, from recruiting to employee surveying, that can help businesses attract and retain talent and develop data-driven processes. Recruiting services.
These administrative tasks include addressing issues related to: HR-related government compliance and reporting Benefits and COBRA administration Leave of absence compliance and support (FMLA) Employee relations issues. The PEO value proposition for middle market. Why middle market businesses partner with a PEO.
With ExtensisHR’s PEO Premier®, our personalized approach to HR management saves your business time, work, and stress. ExtensisHR’s PEO Premier® is one such investment, designed to make HR easy by doing core tasks for you. Here are seven reasons why choosing PEO Premier® saves your business time, administrative work, and hassle.
You probably know that a professional employer organization (PEO) can help you with benefits and payroll. Many PEOs offer several services that can be just as, if not more, beneficial to your employees and organization. Below are five little-known PEO services to consider before you choose a company. Compensation services.
Quick look: The growing number of professional employer organizations (PEOs) can make it difficult to select which one best fits your business’s HR needs. By using this eight-step evaluation guide, you can identify which partner truly offers the quality PEO services and support your team deserves.
Quick look: While professional employer organizations (PEOs) are known for services like benefits and payroll, they provide so much more. From recruiting to employee surveying, here are four lesser-known PEO offerings that can help businesses attract and retain talent and develop data-driven processes. million people.”
Quick look: The client implementation process and onboarding phase of a professional employer organization (PEO) partnership is more than a procedural necessity—it sets the tone for the entire business relationship. Still, businesses want to know the PEO they entrust will drive more wins than costly risks.
This is where a partnership with a PEO will make a significant impact. PEO stands for Professional Employer Organization, which is a fancy term for an HR outsourcing partner. While every PEO differs, they generally all provide: Payroll processing and tax compliance. 3) Maintain compliance.
As a general category of operations at your business, human resources encompasses a very wide range of essential activities, touching on compliance, long-term strategic planning, and every part of the employee lifecycle. Labor relations and compliance. Full guidance on labor regulations and compliance. Internal communications.
Employers should conduct salary benchmarking to ensure each employee’s pay aligns with industry averages for their role. How a PEO can help you succeed without non-competes Employment laws may fluctuate, but your success doesn’t have to. Risk and compliance expertise to ensure organizations abide by all relevant laws and regulations.
What exactly do you get when you hire a professional employer organization (PEO) to work alongside your business? PEO services generally fall under the following categories: HR. Compliance. We can’t guarantee what other PEOs offer or how they serve their clients. ). HR PEO Services. Salary benchmarking.
In this blog, discover how professional employer organizations (PEOs) help startups conquer the recruitment process with their expert knowledge and solutions. Fortunately, startups can turn to a professional employer organization (PEO) for help. PEOs offer solutions that minimize job posting stress.
The federal government and many businesses also use the standard rate as a benchmark to reimburse employees for mileage. No matter how you deduct your business-related vehicular expenses, a professional employer organization (PEO) can help. The standard rate is optional and can be used instead of manually tracking actual costs.
Though on its face, it’s a benefit for health plan participants, when it comes to new federal rules regarding compliance and the complexity of state insurance regulations, nothing is ever as simple as it seems. The NSA is changing the landscape of medical billing compliance. Secure a seasoned PEO solutions partner.
In our recent benchmark report, Cisive Insights: Talent Screening Trends 2021 , Cisive asked survey participants if their organization recruits internationally, and the majority (just over 75%) do. can create compliance and legal issues when it comes to taxes, payroll, background screening, and type of contract.
In fact, SHRM’s new benchmark research reveals the average cost of recruitment is nearly $4,700 per hire. So, whether you’re a small- or medium-sized business (SMB) or a large corporation, here’s what to know about the costs associated with recruiting and how partnering with a professional employer organization (PEO) can help alleviate them.
Though the research reflects only a sampling of the most sought-after offerings, the data provides a benchmark for brokers to use when helping clients choose future benefit plans. Since these benefits are common among most companies, PEO brokers can explore other types of PTO benefits to help their clients stay competitive.
HR compliance Most people want to feel safe and valued in their workplace and be affiliated with a reputable organization held to high standards and values. If your company lacks dedicated HR personnel or has a small HR team in need of support, a professional employer organization (PEO) can step in to enhance your employee retention strategy.
As a broker-friendly professional employer organization (PEO) , ExtensisHR prioritizes informing its broker partners about the latest market developments. This year, it’s imperative that clients are transparent about how they calculate their employees’ pay, how they communicate it, and how it’s benchmarked against industry standards.
A solitary HR professional’s job description may include: Overseeing legal compliance and handling employee relations concerns Coordinating recruitment and strategizing on plans for retention Overseeing payroll and benefits Implementing and reviewing employee performance reviews Creating and enforcing company policies. When a PEO can help.
According to the Society for Human Resource Management’s (SHRM) new benchmark research , the average cost of recruitment is nearly $4,700 per hire. How to hire faster with a PEO partner Quickly closing job candidates requires active engagement, effective communication, and personalized attention.
Annual adherence demonstrates commitment to service, security, and compliance Woodbridge, N.J. This achievement underscores the company’s dedication to compliance, financial security, and excellence in service delivery. This emphasis on improvement guarantees our clients receive the highest level of service and security.
But audits aren’t always a bad thing—an internal audit completed by your human resources team could be exactly what you need to help your organization benchmark its performance and identify strengths and weaknesses, so you can address any critical issues in advance of being faced with an audit from the IRS or another agency.
It can be helpful to work with a professional employer organization (PEO) to hone your program, but if you’re developing your own policy, here are five best practices to keep in mind: 1. Risk and compliance services. When properly executed, CSR efforts benefit virtually everyone and everything. Identify what you stand for.
Provide education on how pay decisions are made and be open about salary benchmarking analysis. Scope benchmarks specific to your industry, organization size, locations and job roles. Pay transparency can strengthen talent recruitment, employee relations and compliance when implemented strategically.
Annual adherence demonstrates commitment to service, security, and compliance Woodbridge, N.J. This achievement underscores the company’s dedication to compliance, financial security, and excellence in service delivery. This emphasis on improvement guarantees our clients receive the highest level of service and security.
October 8, 2024 – ExtensisHR , a nationally recognized Professional Employer Organization (PEO) and HR Outsourcing (HRO) services provider, proudly announces it has been named to Newsweek’s annual list of America’s Top Most Loved Workplaces®. Woodbridge, N.J.
Fortunately, brokers know how to navigate these types of issues and with the added support of a PEO solution, they have a unique advantage when securing customized client solutions. To help clients feel confident with the direction they’re headed, it’s best to establish benchmark data to track and measure results.
Employers always want to improve business efficiencies, of course, and today they are doing so by prioritizing opportunities to improve recruiting strategies, strengthen employee engagement and better navigate the increasingly complex compliance issues that they’re often faced with. Some HR outsourcing savings are pretty straightforward.
February 1, 2023 – ExtensisHR , a nationally recognized Professional Employer Organization (PEO) and HR Outsourcing (HRO) services provider, announces today it has been awarded a Top Workplaces 2023 honor by Energage Top Workplaces. Company honored for its proven commitment to a people-first culture Woodbridge, N.J.
Quick look: Tech startups rely on experienced and productive employees to help achieve business growth and profit benchmarks. Since the practice encourages fair and equal pay, pay transparency has become a mandated compliance law within certain states such as California, New York, and Connecticut.
HR automation also falls short in areas such as compliance and termination, where an expert’s knowledge is needed to clarify gray areas. Worried that compliance mistakes could bring your business down? Download the Ultimate Small Business Compliance Checklist for valuable (human-created!)
June 29, 2022 – ExtensisHR , a nationally recognized Professional Employer Organization (PEO) and HR Outsourcing (HRO) services provider, proudly announces it has been named a 2022 Top Workplace by NJ.com. Following 25 th anniversary, company achieves top scores for professional development, inclusion, and more. Woodbridge, N.J.
The purpose of these documents is to verify an employee’s identity, ensure workplace compliance, and gather payment and taxation details. Even mandatory compliance training related to workplace harassment and DEI emphasizes the company’s values and tolerance policies.
For example, Remote publicizes its salary calculation process, which includes a 65th percentile benchmark for all hires; an 80-120 percent multiplier to account for performance and time in a role; and geo ranges, which adjust salaries based on the countries where employees live. With two clicks, you can.
November 28, 2023 – ExtensisHR , a nationally recognized Professional Employer Organization (PEO) and HR Outsourcing (HRO) services provider, is proud to announce it has earned another Great Place To Work® Certification™. Third certification continues a legacy of exceptional company culture Woodbridge, N.J.
August 9, 2022 – ExtensisHR , a nationally recognized Professional Employer Organization (PEO) and HR Outsourcing (HRO) services provider, proudly announces it has earned a Great Place to Work® Certification for the 2022-2023 year. Prestigious award is based entirely on employee feedback. Woodbridge, N.J. About Great Place to Work ®.
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