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Employee records Updating and maintaining current employee records is more than just a housekeeping routine—it’s a foundational practice that supports payroll accuracy and helps your company avoid potential litigation. Payroll Closing your business’s books at the end of the year is imperative.
From recruiting employees and handling payroll to ensuring compliance with labor laws, HR tasks require constant attention and expertise. Some businesses choose to outsource their entire HR department, while others only seek external help for certain tasks, such as payroll processing or recruitment.
To do this, brokers are in a unique position to make an impact by connecting their clients with a professionalemployerorganization (PEO) solution. Disclaimer: The information provided in this blog is for general informational purposes only and should not be considered legal or tax advice.
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.
(Tactical HR refers to routine, day-to-day administrative tasks, such as processing employee paperwork and handling payroll.) 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.
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.
Payroll technology advancement Human resource professionals have been forced to compensate for a dynamic workforce since there are no more limitations to hiring people from nearby regions only. Also, as there is increase in remote business global payroll management has become a regular practice.
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.
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.
Before diving into the latest HR outsourcing trends, it’s important to understand the various types of HR outsourcing companies, which include the following: Benefits consultants : Firms or individual professionals who assist companies with selecting, purchasing, and administering benefits plans. And the PEO industry is booming.
Quick look: It’s National Payroll Week, an important time to honor payrollprofessionals’ work to keep the country operating smoothly! Here, we explore the importance of payroll, how PEO payroll services impact SMBs across the country, and all the other ways PEOs help businesses, too.
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.” Payroll and tax services. Comprehensive risk and compliance services.
Here are some questions to consider asking: How are you managing payroll? Are you sure your payroll solution is compliant? They might employ an in-house HR or payroll coordinator tasked with the complete scope of HR functions, from onboarding to payroll to benefits administration and beyond. This is where you can help.
This year has been busy for HR professionals, and many businesses encountered a rising need to outsource HR tasks. According to the data, HR service vendor use increased in nearly every category: Payroll services jumped 15% year-over-year (from 53% of respondents using the services in 2021 to 61% this year). Dedicated HR guidance.
As industries evolve and competition for top talent intensifies, RPO offers organizations a strategic edge, allowing them to scale hiring efforts seamlessly while focusing on core business objectives and long-term growth.
Artificial intelligence (AI)-powered recruiting tools , which small businesses may access via a professionalemployerorganization (PEO) like ExtensisHR, can aid in this search by eliminating subconscious biases. Even better is a partner that not just understands but prioritizes your needs as a broker.
One of the best ways to do this is by leveraging ProfessionalEmployerOrganizations (PEOs). By partnering with a PEO, insurance brokers can provide comprehensive human resources services, payroll, benefits administration, and more—all without having to hire additional staff or make significant investments in technology.
Quick look: The first week of September is National Payroll Week, a time to recognize the dedicated payrollprofessionals who ensure timely and accurate payments for their companies and employees. Coinciding with Labor Day, it also serves as a reminder of how the payroll cycle affects more than companies and their employees.
Tandem HR’s Senior Director of Operations, Greg Foss, discussed the new certified PEO (or Certified ProfessionalEmployerOrganization) status with the IRS on Get Down to Business , a radio show for entrepreneurs and business executives that airs on 560 AM The Answer on Sunday evenings from 6 – 7 pm CT. PEO Industry.
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?
What is a PEO: ProfessionalEmployerOrganization. A PEO, also known as ProfessionalEmployerOrganization, is an outsourced employee management service. It provides solutions for administrative assistance such as recruitment, payroll processing, benefits, and many other HR concerns.
As a professionalemployerorganization (PEO) broker, preparing clients for these fluctuations year to year is essential. Through our HR, payroll, benefits, and risk management services and industry-specific expertise, we create personalized solutions to empower your clients’ growth. Contact ExtensisHR today.
From hiring new talent to upskilling tenured staff, HR professionals wear many mission-critical hats. PEOs feature a co-employment relationship and also offer SMB employers access to competitive benefits through the PEO’s purchasing power and economies of scale. However, an HRIS is not a standalone solution for HR management.
An Administrative Services Organization (ASO) is a specialized third-party provider that helps businesses manage essential HR functions without assuming any employer responsibilities. Difference from PEO Unlike a PEO, an ASO does not enter a co-employment arrangement, allowing businesses to retain full control over their workforce.
It bundles different features including hiring and onboarding , analytics and reporting, and payroll and benefits management. – verified user Organization: Having one place for all of the employee information and files is a fantastic feature. – verified user Payroll: I like that payroll is fairly easy to process.
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.
Quick look: It’s National Payroll Week – an important time to honor the work that payrollprofessionals do to keep the country operating smoothly! Here we explore the importance of payroll, how a PEO’s payroll experts impact SMBs across the country, and all the other ways PEOs help businesses, too.
Here are our five most-read HR blogs this year, which will continue to provide much-needed insight in 2023. . Our five most-read HR blogs in 2022 for employers and small businesses reflected these trends and will continue to provide helpful information as we move into the new year and beyond. Encourage continuous creativity.
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.
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.
Bayzat Bayzat is a SaaS platform for HR and payroll management. Living up to its name, it connects employers in Dubai to a comprehensive database of candidates. Connect Resources facilitates companies planning an expansion with its ProfessionalEmploymentOrganization solutions. Top 10 HR Companies in Dubai 1.
outsourcing some of their daily administrative burden to a professionalemployerorganization (PEO) could provide much-needed relief. PEOs help businesses manage various aspects of their HR, recruiting, employee benefits, payroll, and risk management. If your HR staff feels stretched thin (they’re not alone!),
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.
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. An HSA offers advantages for employees and employers.
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.
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? With PEO Premier® , broker clients have this option.
Explore this blog to discover what real estate HR strategies are elevating employee retention in the real estate sector. Organize employee data for payroll processing A successful payroll process influences strong employee retention. Payroll errors like underpayment can have a detrimental impact.
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). Therefore, business leaders are turning to brokers for advice on ways to save on costs without compromising the value of their offerings.
To support this shift and lessen the impact on businesses, brokers have begun to partner with professionalemployerorganizations (PEOs) on a more frequent basis. Remote adaptability – The ExtensisHR team can adapt to flexible work models including payroll and compliance guidance for multi-state and hybrid operations.
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