This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As a broker-friendly professionalemployerorganization (PEO) , ExtensisHR strives to keep its partner community informed of the latest industry developments. To foster success in 2025, clients should confirm their benefits packages remain relevant or adjust them accordingly.
Employeebenefits and compensation Managing employeebenefits and compensation involves multiple processes to ensure your organization stays compliant, controls costs effectively, and promotes the health and well-being of your workforce. File FICA/FUTA: If applicable, submit forms by the IRS deadlines.
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. What is open enrollment?
Be prepared to answer questions New employees, and even those who are returning for the season, will naturally have questions about your organization. Some small businesses partner with a professionalemployerorganization (PEO) , like ExtensisHR, which has a readily available customer service team to field employee requests.
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.
Here, we highlight this years five most popular ExtensisHR broker blogs which reflect top talking points like maximizing the value of employeebenefits, the importance of providing a seamless client implementation process, and more. years Benefit Operations 8.4 years Benefit Management 20.7 years Payroll 11.3
Revisiting an organization’semployeebenefits package is essential to ensure their offerings remain competitive, sparking the need for deeper, more strategic discussions. Establish the basics Preparing clients for open enrollment involves evaluating how well their current employeebenefits plan works.
EmployeeBenefits Administration: Handling health insurance, retirement plans, and other perks to ensure employees receive their entitled benefits. PEOs, for instance, go beyond traditional outsourcing by acting as co-employers , meaning they share legal responsibility for employees.
A ProfessionalEmployerOrganization (PEO) is a firm that provides comprehensive HR solutions to businesses by handling payroll, employeebenefits, regulatory compliance, tax administration, and other workforce management functions. Essentially, the business owner or managers continue to run the company as usual.
Quick look: SHRM recently released its annual employeebenefits survey depicting what benefits remain high-priority and which are trending upward. Though the popularity of some benefits may not come as a surprise, there are a few important changes to note which brokers can help their clients get ready for.
Employeebenefits Your clients rely on you to present cost-effective benefits packages that cater to their increasingly diverse workforces —and that need will remain steadfast. Many AI programs remove names from resumes to help eliminate bias, leading to a larger qualified talent pool, and giving candidates a fairer chance.
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.
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.
It was a time of uncertainty and back-and-forth changes, but what evolved was an insightful perspective of what employeesbenefited from most which ultimately set the tone for expectations today. Working with a PEO automatically expands a brokers service offerings by providing clients with tailored HR and benefit solutions.
Employee leasing is a popular option for business owners who need new workers for a set time frame and don’t want to worry about the HR administrative and regulatory tasks associated with hiring contract or temporary workers. What is co-employment?
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.
A total rewards program for employees includes four major components: compensation, employeebenefits, well-being, recognition, and development. Compensation Compensation is the total amount paid to an employee by their employer. That’s when a professionalemployerorganization (PEO) can help.
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. A dedicated HR Manager to help you craft policies to meet the workforce’s evolving expectations.
This article aims to give you a definition and show you how your business can benefit from one. What is a PEO: ProfessionalEmployerOrganization. A PEO, also known as ProfessionalEmployerOrganization, is an outsourced employee management service. But what exactly is a PEO?
Below, explore what National Wellness Month is all about, the significance of promoting employee health and wellness, and discover how partnering with a professionalemployerorganization (PEO) can help your business achieve these goals. What is National Wellness Month?
Managing employeebenefits has become more complex over the years, which is why more companies are choosing to outsource these functions. A recent survey conducted by the International Foundation of EmployeeBenefit Plans (IFEBP) estimates one-third of companies have increased outsourcing of benefit functions in the past five years.
Employeebenefit administration and analysis In today’s hyper-competitive market, employees consider their benefits a critical component of their total compensation. outsourcing some of their daily administrative burden to a professionalemployerorganization (PEO) could provide much-needed relief.
In this blog, learn about ExtensisHR’s Employee Solution Center (ESC) and discover the benefits of having a responsive and knowledgeable support system that understands your unique needs and helps you easily navigate complex HR issues. Feeling overwhelmed by the number of professionalemployerorganizations (PEOs) on the market?
Quick look: This year, continuing inflation challenges and the demand for personalized employeebenefits packages made headlines. Likewise, our five most-read broker blogs in 2023 also reflected these trends. At the same time, there is a continued prioritization of tailored employeebenefits packages.
Your clients depend on you—and will continue to do so The business landscape constantly transforms, but one thing remains steady: small- and medium-sized employers will continue to turn to their brokers to help them differentiate themselves in the market. Talent acquisition Hiring remains a top priority for employers.
However, the goal is to strengthen the healthcare system and benefit patients in the long run. As a professionalemployerorganization (PEO) broker, preparing clients for these fluctuations year to year is essential. In the short term, these investments will likely drive higher medical costs.
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.
For many employers and their employees, the time for open enrollment comes and goes in the blink of an eye. 37% of employees wish they had more time to make the right choice , and 60% of those who regretted last year’s benefit choices said it was due to a lack of information and understanding.
Proper research and securing affordable, reliable access to highly sought-after benefits is key. And open enrollment is the perfect time for business leaders to focus on how they plan to build a competitive employeebenefits package. The right benefits matter. 3 ways to build a competitive employeebenefits package.
Attracting and retaining employees continued to be a focus, tailored benefits became increasingly important, and several relevant legislative updates occurred. 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.
A professionalemployerorganization (PEO) , like ExtensisHR, can help. ExtensisHR’s dedicated employeebenefits experts are seasoned in benefits administration and management. Explore ExtensisHR’s employeebenefits solutions now, or contact our experts to get started today.
Because when job satisfaction is low, retention rates usually follow, and Gallup reports the cost of replacing an employee can equal as much as one-half to two times the employee’s salary. In addition to benefit planning, ExtensisHR offers in-depth HR and risk and compliance services.
An Administrative Services Organization (ASO) is a specialized third-party provider that helps businesses manage essential HR functions without assuming any employer responsibilities. Ideal For Small to mid-sized businesses looking for HR expertise without giving up employer authority.
Quick look: While the HR and benefits experts at ExtensisHR can’t predict the future, they can foresee the top expected employeebenefits trends in 2023. ExtensisHR’s SVP of People and Culture, David Pearson , weighed in on the top expected employeebenefits trends of 2023, outlined below. Family-focused benefits.
Quick look: Effectively communicating employeebenefits is essential during open enrollment season but can also make a positive business impact for clients year-round. One-third of workers say benefits are as important to them as salary, yet nearly double that don’t feel they can turn to their employers with benefit-related questions.
Quick Look: Adapting to trends while also focusing on what employees really want is essential to maintaining low turnover and an engaged work environment. SHRM has recently published its 2022 EmployeeBenefits Survey which shows the trends worth paying attention to as employers prepare for the upcoming benefits renewal season.
A new Forbes Advisor survey findings reveal 40% of employers say workers leave their job to find a role with better employeebenefits. As a professionalemployerorganization (PEO) broker, providing benefit guidance as part of a larger recruiting and retention strategy is invaluable.
From hiring new talent to upskilling tenured staff, HR professionals wear many mission-critical hats. McKinsey : A “multinational strategy and management consulting firm that offers professional services to corporations, governments, and other organizations.” Note: HRO partnerships do not involve a co-employment relationship.
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: The 2023 SHRM EmployeeBenefits Survey highlights the shift brokers are experiencing in how clients are prioritizing employeebenefits. Therefore, rather than viewing the future of employeebenefits as an “out with old, in with the new” situation, it’s better to welcome a co-mingling of the two.
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?
The employee doesn’t pay tax on those funds and the employer receives a payroll tax exclusion. Brokers can work with their clients’ CPA firms, other financial advisors, and the HR experts at a professionalemployerorganization (PEO) to ensure the business receives the full tax advantage available under this program.
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. Benefits are constrained by the company’s own purchasing power and resources.
We organize all of the trending information in your field so you don't have to. Join 318,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content