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Strategic humanresources (HR) will be one of your organization’s greatest assets and supports during this time. In fact, your company’s strategic HR expertise is nothing less than critical in facilitating business growth and helping to avoid common pitfalls and challenges that can plague organizations trying to scale.
Quick look: The humanresources industry has changed substantially in the last several years—a pattern that will continue in 2024. Today’s business landscape is highly competitive, meaning organizations must brush up on and adapt to the latest HR trends.
Quick look: Happy HumanResource Professional Day! This celebration occurs annually on September 26 and is dedicated to honoring the hardworking HR teams who work tirelessly to support, guide, and empower employees. Here are 10 reasons to show appreciation for your HR staff on HumanResource Professional Day (and year-round!):
Unlike traditional staffing agencies that focus on filling specific positions, RPO providers take a more holistic approach, integrating seamlessly with an organizations HR team to manage end-to-end recruitment functions. How RPO works: An RPO provider works closely with a company’s HR team to enhance hiring efficiency and effectiveness.
Are HR departments required? But for a successful small business, an HR function is required. In this article, we explain why you need an HR function for your business, no matter the size, but also what it means to have an HR function. Do we need an HR department—or something else? Keep reading to learn more.
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. Common employee benefits include health, dental, vision, and life insurance, and retirement savings plans.
This is a main factor when choosing benefit plans , causing brokers and SMBs to search for a solution appreciated by everyone. Rather, relevancy has become a top priority when creating health plans. But how do you determine which health plan options are the most relevant?
Effective humanresources policies are probably one of the most important investments that any small business can make in its ability to continue growing! Today, we’ll be doing the same for the much broader category of humanresources consulting for small businesses. Top HR consulting firms by specialty.
Quick look: Imagine never worrying about humanresources again. With ExtensisHR’s PEO Premier®, our personalized approach to HR management saves your business time, work, and stress. Keep reading to see how we make HR easy by doing it for you. PEO Premier® allows your organization to offload its HR function.
Often middle market companies find that while the primary functions of their company have matured, the development of their humanresources (HR) infrastructure has lagged behind. Meanwhile, as employee headcount rises, your HR infrastructure must scale and become more specialized.
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.
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. Strategic planning.
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: The new year is here, and as a broker, your clients turn to you to provide professional guidance on emerging humanresources topics. As a broker-friendly professional employer organization (PEO) , ExtensisHR prioritizes informing its broker partners about the latest market developments.
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.
But did you realize that your humanresources (HR) team could be one of your greatest assets in keeping employees around? Here are eight ways that your organization’s HR personnel can have a direct, positive impact on your employee retention strategy and serve as a valuable partner alongside management.
Though technology has changed the game for HR by streamlining applications, creating greater efficiencies, and allowing people to virtually work anywhere, first-rate customer service from a professional employer organization (PEO) partner can help brokers stand out. Simplify plan explanations.
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. But these general categories only scratch the surface of what employers actually receive when they enter into a co-employment relationship with a PEO.
Quick look: To make the most impact, small- and medium-sized business (SMB) leaders that conduct employee pulse surveys must properly analyze the results and create a relevant action plan. Dive into demographics : Big-picture data can be useful, but it’s also important to look at results based on demographics. Make a plan.
Serving as a humanresource (HR) professional is challenging work – even more so when you’re an HR department of one. For many small- and medium-size companies, one dedicated HR person is often all they can afford. Managers are key stakeholders in both the success of the company and individual employees alike.
But you’re also the finance team, IT, marketing, sales, and HR. As you move away from microbusiness (1-9 employees) status and begin to grow, you need a strong HR infrastructure. However, not all small businesses can afford all the bells and whistles of a full-service HR team. 1) Access to experienced HR professionals.
Employers should conduct salary benchmarking to ensure each employee’s pay aligns with industry averages for their role. Total compensation also includes employee benefits, and businesses should examine their benefits packages to identify opportunities to make their plans more enticing for today’s diverse workforce.
The 2023 SHRM Employee Benefits Survey shares the latest trends in employee benefits by capturing feedback from HR professionals and employers. 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.
These opportunities are examples of soft cost savings that often come with HR outsourcing , and they often help employers more adeptly run their business. First: What are hard cost HR outsourcing savings? Some HR outsourcing savings are pretty straightforward. Major soft cost savings of HR outsourcing 1.
According to the Society for HumanResource Management’s (SHRM) new benchmark research , the average cost of recruitment is nearly $4,700 per hire. This humanresources (HR) metric focuses on the number of days it takes from a job being posted to when an offer is accepted. million job openings and 3.4%
But audits aren’t always a bad thing—an internal audit completed by your humanresources 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.
Giving back to a worthy cause is something we should all do, and it’s something that is increasingly entering the realm of humanresources (HR). In fact, according to McLean & Company’s 2022 HR Trends Report , 49% of HR professionals claim that CSR has been added to their role. Identify what you stand for.
In fact, SHRM’s new benchmark research reveals the average cost of recruitment is nearly $4,700 per hire. Other costs can include hard expenses such as sponsored job postings and background checks, as well as indirect like the time and effort spent by HR professionals and hiring managers. Looking to cut the high cost of recruitment?
The federal government and many businesses also use the standard rate as a benchmark to reimburse employees for mileage. An action plan for SMBs. No matter how you deduct your business-related vehicular expenses, a professional employer organization (PEO) can help. Changing the standard mileage rate mid-year is quite rare.
Thankfully, there are HR practices that not only express gratitude but also enhance efficiency. Though an annual celebration, schools can preserve the spirit of the holiday year-round with the help of humanresource (HR) initiatives. Here are some examples of these gratuitous HR strategies.
Quick look: The new year is here, and as a broker, your clients turn to you to provide professional guidance on emerging humanresources topics. As a broker-friendly professional employer organization (PEO) , ExtensisHR prioritizes informing its broker partners about the latest market developments.
With changes coming from every direction, employers are trying to figure out how to maneuver the different pieces to create a sustainable plan. As trusted advisors, brokers are now relied upon to optimize both HR and financial needs of their clients so everyone comes out on top, a feat easier which is easier said than done.
Leveraging a humanresource information system (HRIS) provides that extra layer of efficiency. A well-planned training strategy covers multiple topics. Establish a performance plan Performance management is an HR practice that measures a worker’s proficiency with tasks.
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.
A Professional Employer Organization (PEO) can help you develop a strategic plan to be an inclusive employer. There are a number of small, low-cost changes that you can boost diversity among your ranks and an outside view from the HR pros at a PEO can help you see things with fresh eyes. Look Within. Keep it Going.
Quick look: Tech startups rely on experienced and productive employees to help achieve business growth and profit benchmarks. While each startup has different priorities, the most successful recruiting plans cover five core stages. However, kickstarting the hiring process to attract and retain top talent can be its own hurdle.
According to the Society for HumanResource Management’s (SHRM) new benchmark research , the average cost of recruitment is nearly $4,700 per hire. This humanresources (HR) metric focuses on the number of days it takes from a job being posted to when an offer is accepted. million job openings and 3.4%
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. Of course, there are a few downsides.
This powerful combination of the leading and most-recognized not-for-profit health plan and the oldest and most respected Massachusetts-based PEO provides an unrivaled solution for small to midsize businesses. Blue Cross Blue Shield of Massachusetts is rated among the nation’s best health plans for member satisfaction and quality.
While compensation is only one factor for recruiting and retaining talent, it is critical to your overall HR strategy. Benchmark Jobs to Market. Here are some additional tips: When benchmarking to market, compare the position criteria/description versus position title. Organizational Alignment. All positions evolve over time.
The surveys cover “benchmark jobs”. Once you have identified the benchmark jobs that “match” (i.e., median) across the benchmark jobs. This might include establishing incentive or bonus plans (i.e., These are common jobs in the market where duties and responsibilities are generally defined. variable pay).
Communication is key. Without a clearly articulated mission, or goals and benchmarks for measuring and recognizing success, even the most capable managers may miss the mark or become lackadaisical. Planned leadership builds a solid foundation for your business and instills confidence in your employees.
Imagine a world where managing employee benefits is no longer a daunting task but an empowering experience for HR teams and employees. Benefits platforms also allow companies to centralize and automate the administration of employee benefits, such as health insurance, retirement plans, paid time off, and more.
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