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These workers help businesses meet increased demand during their peak periods, alleviate workforce burnout, and potentially reduce long-term recruitingcosts. To help them on that journey, we’re here to explain the ins and outs of seasonal roles and six tips to hire this talent efficiently. What are seasonal employees?
How well you do HR can determine whether your company’s growth happens as quickly and cost effectively as desired and is ultimately successful. In addressing any gaps, it more time and cost effective to develop employees internally or hire externally? Rushed hiring decisions that result in hiring the wrong candidate.
Professional employer organizations (PEOs) offer a cost-effective solution to this problem. Besides the cost savings, working with a PEO can yield many benefits to employers. NAPEO (National Association of Professional Employer Organizations) economists Laurie Bassi and Dan McMurrer conducted research into PEOs.
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. Additionally, human resources (HR) teams must tackle a variety of tasks to maintain compliance and streamline operations for the year ahead.
Recruitment Process Outsourcing (RPO) is a strategic hiring model where businesses delegate part or all of their recruitment operations to an external service provider. Companies can also customize RPO models to align with their hiring needs, ensuring flexibility and long-term growth. What Is RPO?
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. HRO can be structured in different ways.
A professional employer organization (PEO) can step in as a powerful ally, simplifying operations, reducing costs, and allowing medical practices to focus on what truly matters most. This is where a professional employer organization (PEO) can step in to provide valuable assistance. increase in labor expenses.
That’s where professional employer organizations (PEOs) come in handy! In this blog, learn about five HR benefits non-profits can achieve with a PEO partnership. That’s why more non-profit organizations are finding solace by partnering with a professional employer organization (PEO). What is a PEO?
Let’s explore all the services that a full-service PEO partner can perform for your organization and why your business may want to consider this option for the most comprehensive, cost-efficient and time-efficient HR outsourcing. What is a full-service PEO partner? Among PEOs, level of service matters.
Quick look: A PEO partnership can help small businesses grow, stay compliant, offer competitive benefits, and retain valuable employees. However, some organizations shy away from a PEO out of fear that a co-employment relationship is the same as employee leasing. However, the PEO does not supply workers to their client.
Potential cost savings are another benefit. According to the National Association of Professional Employer Organizations (NAPEO), 180,000 small and midsize businesses use professional employer organizations (PEOs).¹ Larger companies are also increasingly turning to PEOs. What is a certified PEO? What does a PEO do?
Executive recruiting firms : Organizations that specialize in helping businesses fill executive, upper management, and other senior-level positions. Administrative services organization (ASO): ASOs provide similar HR management services to PEOs but without establishing a co-employment relationship.
Appealing to candidates involves creating a compelling employer brand , implementing effective recruitment strategies, and selecting individuals who align with the organization’s culture and goals. These employees can be new hires or existing employees with the potential to move into other roles.
Quick look: No business operates without risk, and managing workplace compliance, health, and safety can be overwhelming. Luckily, with a PEO partnership in their pocket, brokers can step in as trusted advisors and help their clients remain compliant. Are you sure you are meeting those local and state compliance requirements?
Designed to highlight critical industry developments, ExtensisHR’s 2024 Trends Report features insight from our professional employer organization (PEO) subject matter experts. Take, for instance, the role AI plays in recruiting. These technologies can also help HR functions become more efficient, equitable, and data-driven.
Here’s how brokers who partner with a PEO can help clients avoid dishonest providers and offer their employees reputable virtual solutions. Virtually accessing care can help patients experience lower costs, more convenient appointments, and less exposure to infectious illnesses. The rise of telehealth fraud.
An employer of record (EoR) is an individual or third-party company that works by assuming the legal responsibility for finding and hiring employees on behalf of foreign business owners. In this case, hiring an EoR can help in new market exploration. They can introduce the new hires to your business culture and procedures.
From boosting employee retention rates to safeguarding against industry disruptions, here’s how L&D can benefit today’s SMBs, and how working with a PEO can simplify the process. ” Many types of training fall under this umbrella, including: Onboarding and new hire programs. .” Recruit top talent.
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. Other companies offload their payroll responsibilities to a payroll service provider or a professional employer organization (PEO). Some PEOs, like ExtensisHR, are IRS-Certified.
Quick look: Military spouses are, on average, highly educated, skilled, and motivated—a combination that makes 80% of HR professionals 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. For example, the SECURE 2.0
You have experienced a negative compliance situation—you may have been fined as an employer, faced complaints, etc. In the HR market, there are two major options to consider: 1) hire an additional full-time staff member or 2) partner with one or more external companies that provide HR services.
ExtensisHR’s PEO Premier® delivers HR services with an edge, complete with a personalized approach, saving time, costs, and sanity. As a people-first PEO, ExtensisHR understands the importance of delivering a comprehensive solution which serves as an extension of an SMB’s team and is tailored to meet specific HR demands.
Quick look: PEO awareness and subsequent partnerships have increased over the past few years as brokers and their clients look for fresh HR and benefit strategies to keep them competitive. However, many organizations have begun to realize not all PEOs offer the same level of support. However, not all PEOs are the same.
A benefits specialist has the power to create a compelling benefits package that will attract and excite candidates—ultimately reducing the company’s costs associated with turnover. Recruiting and onboarding As the war for talent rages on, a robust recruiting and onboarding strategy has never been more important.
Quick look: Recruiting top talent remains a challenge for many organizations, and recent research shows the time to fill a vacant role has increased by four weeks year-over-year. Luckily, an applicant tracking system (and the recruiting services offered by some PEOs) can help SMBs remain productive, cost-efficient, and fully staffed.
Professional Employer Organizations (PEOs) help businesses manage essential HR tasks like payroll, employee benefits, and compliance. By partnering with a PEO, companies can focus on growth while outsourcing time-consuming administrative work. One major advantage of working with a PEO is access to high-quality employee benefits.
A Professional Employer Organization (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. You may read more about PEO statistics here. How Does A PEO Work?
10 Benefits of Outsourcing HR Most business leaders understand that outsourcing some of their HR tasks can save time and potentially help cut costs. That’s when a partnership with a professional employer organization (PEO) may be helpful. Explore ExtensisHRs PEO solution , or contact us today to learn more.
This collective call for support gives brokers and PEOs an opportunity to work together to help clients ease their HR burden and prolong business growth. Therefore, business leaders are turning to brokers for advice on ways to save on costs without compromising the value of their offerings.
With the rise of the gig economy and the growing trend of remote work, employers are struggling to keep up with the changing regulations and compliance requirements. The EOR is responsible for tasks such as payroll processing, tax withholding, benefits administration, and compliance with employment laws and regulations.
With a growing pool of talented developers, lower labor costs, and a strategic location, many companies are turning to LATAM to bolster their tech teams. However, this influx of demand has brought its own set of challenges for businesses seeking to hire software developers in the region. Local tax experts can provide guidance.
This includes policies, procedures, programs, systems and compliance. Hiring right the first time also reduces turnover costs. Which metrics need improvement? All these activities govern how satisfied employees are and influence the quality of their work output and retention.
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. Ideally, these sessions should occur upon hire, annually during open enrollment, and following any mid-year rewards changes. That’s when a professional employer organization (PEO) can help.
Adding Scheduling & Hiring Tools that are Unified with Timekeeping to Set Your Clients Up for Success in 2024 Swipeclock had the opportunity to present at NAPEO’s First Friday webinar series on November 4, 2023. Review what we covered and how a Swipeclock partnership is the ideal solution for PEOs. Speed and efficiency win the day.
However, this long-held strategy is unsustainable when it comes to employee recruitment and retention. Factoring this in maximizes employee benefit participation and optimizes costs for SMB employers, achieving a win-win scenario. Rather, relevancy has become a top priority when creating health plans.
Quick look: Professional employer organizations (PEOs) typically offer similar services, but it’s the customer service approach which makes all the difference. Partnering with a PEO is a competitive advantage for brokers who want to expand their offerings and deliver ongoing client value.
The best employee onboarding software takes the hassle out of paperwork, streamlining the process for both new hires and HR teams to create a welcoming and efficient start. It requires carefully managing documentation while ensuring new hires feel valued and prepared. However, getting onboarding right is no easy feat.
This is where partnering with a Professional Employer Organization (PEO) can make all the difference. Here are some reasons why working with a PEO is a strategic move for businesses in 2025. A PEO helps you stay compliant by: Providing expert guidance on state and federal employment laws.
A strategic way brokers can encourage business growth is by connecting clients with a professional employer organization (PEO) to save costs, stay competitive, and keep the focus on core operational activities. A PEO partner serves as a complement to guide SMB leaders through their challenges and questions.
To meet employees’ growing demands and help employers maximize their investment, brokers play a key role in designing benefit packages and find partnering with a PEO delivers the ideal support. 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.
To support this shift and lessen the impact on businesses, brokers have begun to partner with professional employer organizations (PEOs) on a more frequent basis. Working with a PEO automatically expands a brokers service offerings by providing clients with tailored HR and benefit solutions.
Employers are facing several big concerns this year, including rising healthcare costs, increased employee mental health challenges , and workplace safety. Rising healthcare costs are a major worry for small businesses who are challenged to compete for top employee talent with companies who have larger budgets.
With Q4 right around the corner, it’s already time to focus on strategies for the year ahead and which PEO updates deserve the most focus. Engaging a professional employer organization (PEO) was once its own rising trend, though it has become more of a need versus want in recent years. However, the demand is becoming more niche.
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