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For employers, open enrollment is equally significant—it’s a time to communicate benefit options, ensure compliance with regulations, and support employees in making informed decisions. Some organizations may need to create or revisit their plan but are stretched thin.
To do this, brokers are in a unique position to make an impact by connecting their clients with a professionalemployerorganization (PEO) solution. Handles risk and compliance management Employment laws and workforce trends are constantly in flux.
As a broker-friendly professionalemployerorganization (PEO) , ExtensisHR strives to keep its partner community informed of the latest industry developments.
From recruiting employees and handling payroll to ensuring compliance with labor laws, HR tasks require constant attention and expertise. Larger enterprises also turn to HRO providers to improve efficiency, ensure compliance, and manage workforce-related challenges. Expertise and Compliance: Employment laws are constantly changing.
Instead, strategic HR encompasses big-picture, wide-reaching activities that prepare the organization for the future, add long-term value and enable the business to thrive. In this blog, we’ll discuss the human capital needs that arise as companies grow and how HR is an important partner in addressing these needs.
Quick look: As 2024 comes to a close, it’s time for HR professionals to review, reflect, and fine-tune their processes to ensure compliance, enhance employee satisfaction, and streamline operations. Two critical tasks: ✓ Review legal and regulatory changes: Ensure compliance with any new labor laws or industry-specific requirements.
Here, explore what you need to know about hiring for seasonal positions, from compliance considerations to incentivizing staff to come back next season, and how a PEO can help you achieve year-round success. Juggling recruiting, compliance, employee benefits, and more while simultaneously trying to grow the company can be exhausting.
To help in that endeavor, weve gathered our five most-read blogs of 2024, which are full of insights on how your company can adapt to the latest workforce developments, from the new wave of Gen Z employees to comprehensive tips on improving corporate culture. However, HR outsourcing can also drive many other advantages.
A ProfessionalEmployerOrganization (PEO) is a firm that provides comprehensive HR solutions to businesses by handling payroll, employee benefits, regulatory compliance, tax administration, and other workforce management functions. Additionally, one-third of small businesses spend over six hours monthly on payroll alone.
Here, we highlight this years five most popular ExtensisHR broker blogs which reflect top talking points like maximizing the value of employee benefits, the importance of providing a seamless client implementation process, and more. Explore these topics and more below in a roundup of our five most popular broker blogs of 2024: 1.
For healthcare professionals, the demands of managing a practice can sometimes overshadow their primary mission: delivering high-quality healthcare. A professionalemployerorganization (PEO) can step in as a powerful ally, simplifying operations, reducing costs, and allowing medical practices to focus on what truly matters most.
However, like any other organization, they also face challenges in managing their HR functions. That’s where professionalemployerorganizations (PEOs) come in handy! In this blog, learn about five HR benefits non-profits can achieve with a PEO partnership. Changing the world for the better is no easy task.
Tandem HR announced the acquisition of The QTI Group’s ProfessionalEmployerOrganization (PEO) division on August 31, 2021. The QTI Group is a privately owned human resources and staffing organization providing staffing, recruiting, compensation consulting, and outsourced HR to businesses headquartered in Wisconsin since 1957.
Quick look: No business operates without risk, and managing workplace compliance, health, and safety can be overwhelming. While an entrepreneurial mindset is crucial to getting a business off the ground, many newly minted employers simply don’t have the knowledge (or the time) keep up with compliance, which can result in major violations.
Diversity, equity, and inclusion (DEI) consultants : Firms or individual professionals who help businesses develop inclusive, diverse workforce policies and programs. Administrative services organization (ASO): ASOs provide similar HR management services to PEOs but without establishing a co-employment relationship.
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.
What is co-employment? The National Association of ProfessionalEmployerOrganizations (NAPEO) defines co-employment as “the contractual allocation and sharing of certain employer responsibilities between the PEO and the client.” Comprehensive risk and compliance services. Payroll and tax services.
This is where a professionalemployerorganization (PEO) can provide valuable assistance. Performance evaluations PEOs can assist in planning and implementing performance reviews and assessments by establishing metrics, conducting evaluations, and providing guidance on feedback and coaching techniques.
And while this news may alarm clients who provide or hope to offer telehealth solutions, brokers can help ease the burden by leveraging a professionalemployerorganization (PEO) partnership that provides access to reputable providers. Unfortunately, the number of fraudulent telehealth claims also rose steadily.
The speed at which the business landscape is evolving means employers must quickly adapt to remain competitive; gone are the days of researching emerging trends and bookmarking them for later. Your organization may not have extra time to devote to the intricacies of HR trends and employercompliance concerns, but a PEO does.
We help companies address the ever-changing federal and state employment law requirements. Chiefly, we provide employers of all industries, sizes, and locations with solutions that empower employers to handle complex compliance issues. Markedly, our solutions take less time, cost, and complexity than traditional methods.
This blog explores the business advantages of investing in employee upskilling and career growth. ExtensisHR, a certified and experienced professionalemployerorganization (PEO) , gives SMBs the guidance and tools to deliver the right continuing education to their workforce.
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.
For many employers and their employees, the time for open enrollment comes and goes in the blink of an eye. Navigating compliance and current benefit trends Laws and regulations are constantly changing, and employers are responsible for maintaining compliance at all times.
Learning and development (L&D) programs have traditionally been associated with larger organizations, but these enrichment initiatives are now expected at both big and small employers. Required courses, like compliance training. What does L&D entail? Career development. Leadership development programs. Skills training.
Brokers who partner with a professionalemployerorganization (PEO) provide their small- and medium-sized business (SMB) clients access to premium benefits at approachable costs, which are typically reserved for larger companies. Often, updates are rolled out over a period of time.
Failure to adhere to the FMLA may result in investigations, lawsuits, and fines, which is why some employers subcontract their risk and compliance management to an HR outsourcing company. Managing this can be challenging for any organization, especially small businesses.
And, in turn, as challenges continue to rise, it’s become an advantage for brokers and their clients to receive expert services and support through a professionalemployerorganization (PEO). Maintaining compliance is a tricky endeavor, and each industry has its own set of workplace safety regulations to follow.
An Administrative Services Organization (ASO) is a specialized third-party provider that helps businesses manage essential HR functions without assuming any employer responsibilities. Core Services Payroll processing, compliance management, benefits administration, HR support, and risk management. Key Functions of an ASO 1.
Other companies offload their payroll responsibilities to a payroll service provider or a professionalemployerorganization (PEO). But with both business types capable of processing payroll, what makes them different, and how do you know which is the best fit for your organization? Which one is right for you?
The need has extended to finding a fully managed HR solution, complete with risk and compliance services , as well as recruiting and retention assistance, to help clients reach their growth goals. Therefore, it’s no surprise the exploration of working with a professionalemployerorganization (PEO) has spiked in popularity.
Quick look: 2023 is coming to a close, a time when many HR professionals review the year’s key trends and what aspects of them may remain relevant in 2024. Additionally, evolving employment laws and regulations continued to make headlines, as did the ongoing need for businesses to turn to trusted HR outsourcing partners.
Likewise, our five most-read broker blogs in 2023 also reflected these trends. Our most popular broker blogs of 2023 reflect these insights. Our second most-read blog will provide you with just that. A Broker’s Guide to 2023 Benefits Trends Not surprisingly, another benefits-related blog was our third most popular of the year.
Here we review our top five most-read broker blogs this year, which reflect these trends and will continue to help brokers guide their clients in the new year. From legislative changes to a focus on personalized benefits, this year’s top HR and employer trends were mirrored in our most popular benefits broker blogs in 2022.
Build the right team Most small employers don’t have an in-house Chief Information Officer (CIO) or team to manage cybersecurity or other compliance-related tasks. Employers should leverage outside help throughout the process, including cybersecurity consultants, legal counsel, and more.
ProfessionalEmployerOrganizations (PEOs) provide comprehensive HR solutions for businesses by handling payroll, benefits administration, compliance, and risk management. PEOs operate under a co-employment model, meaning they share certain employer responsibilities with their client companies.
That’s when a professionalemployerorganization (PEO) can help. PEOs manage various aspects of companies’ HR, employee benefits, payroll, and risk and compliance management. However, planning, implementing, and sustaining a total rewards strategy can require time and resources that some SMBs don’t have to spare.
ProfessionalEmployerOrganizations (PEOs) help businesses manage essential HR tasks like payroll, employee benefits, and compliance. PEOs act as co-employers, sharing employment responsibilities and ensuring businesses stay compliant with labor laws and tax regulations.
Let’s explore the benefits of 1:1s, tips for managers to achieve collaborative success, and how partnering with a professionalemployerorganization (PEO) can help organizations with lean human resource (HR) teams access tools and resources to facilitate effective 1:1 meetings. What is a one-on-one meeting?
Quick look: Professionalemployerorganizations (PEOs) typically offer similar services, but it’s the customer service approach which makes all the difference. Whether navigating complex compliance issues or addressing payroll concerns , these experts provide consistent, proactive service that enhances the customer experience.
Here, we explore three hidden compliance issues business leaders must keep top of mind and how a PEO’s HR risk management experts can allow them to focus on flourishing, not fine print. The post 3 Hidden HR Compliance Risks Every SMB Should Know appeared first on ExtensisHR. Quick look: To succeed, small companies must grow.
ProfessionalEmployerOrganizations (PEOs) are an important part of modern business to streamline and scale operations. PEOs can effectively manage HR functions including payroll, benefits administration, HR management, and compliance. Full liability remains with the company for employment practices.
A closer look at some of the survey’s data provides greater insight into common challenges small- and medium-sized (SMB) employers face and how brokers can offer solutions with the expertise and experience of a professionalemployerorganization (PEO) partner.
Rather than being left behind on the latest in HR compliance, trends, and operations, why not offer clients the benefit of a professionalemployerorganization (PEO) partner with its own premier solution?
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