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Report: HR Trends 2024 – Navigating the Future of Work

Extensis

Designed to highlight critical industry developments, ExtensisHR’s 2024 Trends Report features insight from our professional employer organization (PEO) subject matter experts. Many seasoned leaders are retiring, and their successors may benefit from training to help them become even more impactful in their new roles.

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What Brokers Can Be Thankful For This Year

Extensis

Employee benefits Your clients rely on you to present cost-effective benefits packages that cater to their increasingly diverse workforces —and that need will remain steadfast. Talent acquisition The job market may be cooler than this time last year, but hiring remains a top priority, according to HR Dive research.

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Top HR Challenges Found in HR Dive’s 2022 Identity of HR Report

Extensis

Executive recruiting services rose almost 8% (from 26% to 28%). On the contrary, organizations with larger HR departments were more likely to contract out staffing, executive recruiting, and diversity, equity, and inclusion planning. Ongoing recruiting struggles. Why such steep climbs? Dedicated HR guidance.

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Future-ready HR: The versatility of full-service PEO partnerships

Insperity

Many full-service PEOs offer a comprehensive, all-inclusive HR outsourcing option – like a one-stop shop for all things HR. Cost savings To cover the vast list of services and spheres of expertise that a full-service PEO partner can, calculate what it would cost to hire multiple vendors, as an alternative.

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Want to offer support for caregivers of aging relatives? Read this

Insperity

Organizations lending a hand will earn a reputation for valuing family, as well as their bottom line – a plus when it comes to employee recruitment and retention. The Equal Employment Opportunity Commission offers a guide on best practices for managing workers with caregiving responsibilities. Start an affinity group.

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Certified PEO

Zenefits

For businesses bogged down by human resources requirements, partnering with a certified professional employer organization (CPEO) is an option. According to the National Association of Professional Employer Organizations (NAPEO), 180,000 small and midsize businesses use professional employer organizations (PEOs).¹

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IFEBP Study Shows 40% of Companies Are Outsourcing Their Benefit Functions

Extensis

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 professional employer organization (PEO). While health and retirement plans still top the list, the inclusion of voluntary benefits is necessary as well.