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It’s important for any organization and its HR team to: Adopt key performance indicators (KPIs) , those metrics and benchmarks that help you define what success is and monitor and measure your progress. There is another solution: partnering with a PEO. Instead, a PEO offers diverse expertise for one consistent monthly or annual fee.
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.
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.
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.
They assist with offer negotiations, ensuring that compensation packages align with industry benchmarks and meet both employer and candidate expectations. Step 5: Offer Management & Onboarding Support Once a candidate is selected, the RPO provider plays a crucial role in finalizing the hiring process.
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.
PEOs help businesses manage various aspects of their HR, recruiting, employee benefits, payroll, and risk management. Many small- to medium-sized businesses leverage a PEO’s extra resources to streamline HR processes and gain a competitive edge. Learn more about ExtensisHR’s PEO solution or contact us to get started today.
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.
To sidestep those potential pitfalls, many successful middle market businesses seek out a professional employer organization (PEO). The PEO value proposition for middle market. Why middle market businesses partner with a PEO. And there’s a lot of misperceptions about how PEOs function – and the size of business a PEO can serve.
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.”
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. Access to large group employee benefits.
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.
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. Reach a deeper level of understanding.
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.
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.
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. Competitive total compensation Paying staff a fair wage is a must.
Here’s how brokers can help clients hire the right people, boost cost-efficiency, and stress less by partnering with a PEO. Recent benchmarking data from the Society for Human Resource Management (SHRM) reveals that the average cost to hire a new employee is $4,700 and can total three to four times the position’s salary.
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.
Remember to benchmark : A benefit of survey results being time-sensitive is that they are extremely useful for benchmarking. While the process can seem daunting, a PEO, like ExtensisHR , can help. Dive into demographics : Big-picture data can be useful, but it’s also important to look at results based on demographics.
As a PEO broker , you can guide businesses toward alternative options, if the traditional route of healthcare benefits no longer seems optimal. Secure a seasoned PEO solutions partner. One approach is by working with a professional employer organization (PEO) to offer cost-effective, comprehensive health insurance.
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.
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.
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.
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. That’s why employers should be proactive about not only confirming that employees are paid fairly, but also maintaining their competitiveness.
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. Not having access to the most recent information for each country and region can put your organization at risk of fines or legal action.
Using your organization’s size as a benchmark, here are some clues about where, when and how to level up your HR efforts. When a PEO can help. Whatever the stage or size of your company, outsourcing to a professional employer organization (PEO) can provide critical, comprehensive HR support. Companies with 5 to 19 employees.
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. When properly executed, CSR efforts benefit virtually everyone and everything. Identify what you stand for. Measure success. Partner up and give back.
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. Download our free e-book, HR outsourcing: A step-by-step guide to professional employer organizations (PEOs).
In my last post I discussed how PEOs and ASOs can improve client satisfaction with systems. In your course of evaluation, consider the advantages of a sales management solution designed specifically for PEOs and ASOs. That same principle can apply to other parts of your business, including sales.
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.
January 9, 2024 – ExtensisHR , a nationally recognized Professional Employer Organization (PEO) and HR Outsourcing (HRO) services provider, is pleased to announce that it has successfully obtained its annual Statement on Standards for Attestation Engagements (SSAE) SOC 1 Type 2 examination.
Industry benefits benchmarking for your company’s sector and size. Sequoia tailors its services and approach specifically to firms that are rapidly approaching that benchmark and need stable HR support fast. Vensure’s core HR services include: Scalable PEO services. Main Takeaway. Vensure’s Top HR Services.
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. Collect data.
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.
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. Master every stage with a trusted PEO partner Implementing these recruitment stages doesn’t have to be challenging. Contact our team today to learn how our PEO solutions can elevate your recruitment strategy.
January 9, 2024 – ExtensisHR , a nationally recognized Professional Employer Organization (PEO) and HR Outsourcing (HRO) services provider, is pleased to announce that it has successfully obtained its annual Statement on Standards for Attestation Engagements (SSAE) SOC 1 Type 2 examination.
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.
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.
Major hard cost savings can be linked directly to utilizing an outsourced HR provider, such as a professional employer organization (PEO). Some HR outsourcing savings are pretty straightforward.
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