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Managing humanresources is one of the most critical yet time-consuming aspects of running a business. From recruiting employees and handling payroll to ensuring compliance with labor laws, HR tasks require constant attention and expertise. HRO can be structured in different ways.
Quick look: A new year is here, and with it comes a fresh set of workplace trends, from further incorporating artificial intelligence into daily tasks to designing comprehensive succession plans. You may also download the entire report using the button below. An AI-driven program can streamline that task without replacing the current system.
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: As 2024 comes to a close, it’s time for HRprofessionals to review, reflect, and fine-tune their processes to ensure compliance, enhance employee satisfaction, and streamline operations. The end of the year is a busy time for business leaders, professionally and personally.
Open enrollment is a designated period each year when employees can review, adjust, or select their benefits, including health insurance, retirement plans, and other perks their employer offers. Having a plan in place helps employers remain on track and organized. What is open enrollment?
Tandem HR announced the acquisition of The QTI Group’s ProfessionalEmployerOrganization (PEO) division on August 31, 2021. QTI HR President, Tara Conger, will be joining the Tandem Family of Companies as the Chief Operating Officer. I’m extremely excited about the partnership with Tandem HR,” states Conger.
Plan ahead The key to seamless seasonal hiring is to start planning a few months ahead of an anticipated business surge. Rushing to fill a vacant role may result in choosing a sub-optimal candidate or a lower-quality onboarding experience. That’s why many SMBs choose to outsource their daily HR workload to a PEO.
Quick look: By 2026, the HR outsourcing market is expected to grow by $10.90 Here, explore the latest HR outsourcing trends, including the various types of HR outsourcing companies, which HR duties SMBs are offloading the most, and how to choose the right partner to help your organization simplify its workload and succeed.
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.
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.
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Here are four ways to safeguard your clients from HR risks while also further proving your value. The act of employing workers opens business owners to many risks associated with compliant humanresources (HR) management. Here are four ways to help your clients navigate HR risks and increase your value in their eyes.
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Quick look: While the terms talent management and performance management are often used interchangeably, they play different (yet equally important) roles in a company’s humanresource function. Talent management is the strategic process of attracting, developing, retaining, and maximizing the potential of an organization’s employees.
Quick look: Happy HumanResourceProfessional 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. Employees are the foundation of every successful business.
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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.
Though standard health insurance plans are still a valuable part of the conversation, most people now seek a more customized approach. When people don’t understand the value of their company’s offerings, there’s a greater chance they’ll seek employment elsewhere. Even the most detailed plans won’t work if employees aren’t interested.
Thankfully, market trends are pointing toward a continued need for benefits and PEO brokers, and the right HR outsourcing partner can help them continue to meet those demands. According to market research firm Technavio , 56% of the HR outsourcing market’s expected growth between 2022 to 2026 is slated to come from North America.
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However, behind the scenes of every successful medical practice lies a complex web of administrative tasks, HR responsibilities, and regulatory hurdles. For healthcare professionals, the demands of managing a practice can sometimes overshadow their primary mission: delivering high-quality healthcare.
Quick look: The role of humanresources (HR) departments continues to expand, especially for small businesses, which look to their HRprofessionals to manage the full employee lifecycle and wear multiple hats each day. If you’re encountering HR issues, you’re not alone.
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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. pay and benefits) and well-being, flexibility, and career programs.
This includes planning and investments in staffing, personal protective equipment (PPE), and forecasting tools. 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.
Thankfully, market trends are pointing toward a continued need for benefits and PEO brokers, and the right HR outsourcing partner can help them continue to meet those demands. Additionally, HR Dive’s 2024 Identity of HR survey discovered that 36% and 22% of HRprofessionals said that mental health/counseling and educational perks (i.e.,
Quick look: Military spouses are, on average, highly educated, skilled, and motivated—a combination that makes 80% of HRprofessionals eager to hire them. Yet only 16% of HR teams have a strategy to recruit and retain military spouses, and less than half feel they understand this group’s challenges. as of September 2024.
For charter schools, back-to-school season presents the perfect opportunity to refine their humanresources and employee operations. In this blog, explore the HR trends that charter schools are adopting to empower their dedicated staff. These work efforts thrive when employers foster a supportive and harmonious workplace.
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?
As these humanresources technology trends quickly replace past tools and strategies, businesses turn to their brokers to educate, modernize, and safeguard them. A business’ technology plan must include personalization and digitization while continuing to streamline processes and create ongoing value. Distributed workforces.
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 humanresource (HR) teams access tools and resources to facilitate effective 1:1 meetings.
Quick look: 2023 is coming to a close, a time when many HRprofessionals review the year’s key trends and what aspects of them may remain relevant in 2024. Another year is almost in the books, and with it came a variety of new humanresources (HR) trends. An estimated 3.45 An estimated 3.45
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HR blunders are not. Unfortunately, the adage, “you don’t know what you don’t know,” rings true for many small- and medium-sized employers. From ghosting remote employees to overlooking artificial intelligence (AI), here are seven common HR mistakes and how partnering with a PEO can help companies avoid these terrors.
For many employers and their employees, the time for open enrollment comes and goes in the blink of an eye. Complexity of benefits administration Breaking down the complexities of benefit plans can feel overwhelming for many SMBs. Every plan has different co-payments, deductibles, and limitations.
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. Factoring this in maximizes employee benefit participation and optimizes costs for SMB employers, achieving a win-win scenario.
Every year, SHRM takes an in-depth look at various benefit categories and trends for brokers, HRprofessionals, and business leaders to have on their radar. As one of the longest-running annual surveys covering employee benefits , it’s been a valuable resource when making decisions about offerings.
Take the “Getting Paid In America” survey (explore last year’s survey results here) Sign your business up to be an official NPW supporter (it’s free!) Decorate your company’s payroll department with NPW merchandise Plan an NPW party with games, quizzes, PAYDAY candy bars, and more.
Likewise, our five most-read broker blogs in 2023 also reflected these trends. The articles focused on various topics, from helping clients’ employees make the most of their FSA funds to the results of the Forbes Best Employee Benefits survey, and will keep providing valuable insight as 2024 begins. Read more > 3.
To create more appealing benefit packages to serve today’s tight labor market, employers and brokers must anticipate employee expectations and workplace trends to customize benefit plans accordingly. Therefore, it’s important to choose a PEO partner wisely as big-box PEOs often apply a one-size-fits-all approach to benefit plans.
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We help companies address the ever-changing federal and state employment law requirements. Our solutions cover many common HR topics, such as employee handbooks, minimum wage, overtime, independent contracting, and more.
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