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Several lawsuits highlight employers role negotiating health plan contracts with pharmacy benefit managers ( PBMs ) that include pricey prescription drugs, and seek to hold them accountable under the EmployeeRetirement Income Security Act of 1974 (ERISA). The most recent lawsuit was filed by JPMorgan employees on Mar.
As the job market evolves, companies are experimenting with various employment types to build more flexible staffing models. Blending different types of employment can help plug this gap by tapping into broader talent pools while also reducing costs, boosting agility, and nurturing future talent. with 49 out of 50 states permitting it.
If you’re an employer, check out the Awards for ideas on which solutions might be right for your needs. We did some extensive research on this topic in 2024 and recently published a report in partnership with Insperity on the topic of HR outsourcing, payroll, and SMB HR trends. We follow the team at HRTech.sg
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As a broker-friendly professional employer organization (PEO) , ExtensisHR strives to keep its partner community informed of the latest industry developments. For example, a client using a legacy applicant tracking system (ATS) may use parts of that program but find the resume-screening process tedious.
Quick look: Open enrollment is a critical period for small- and medium-sized businesses (SMBs), when employees select their benefits for the upcoming year. For employers, it can be a complex and time-consuming process, fraught with paperwork, deadlines, and the need to ensure that all employees are well-informed and supported.
EmployeeBenefits Administration: Handling health insurance, retirement plans, and other perks to ensure employees receive their entitled benefits. Recruitment and Talent Acquisition: Managing job postings, candidate screening, background checks, and onboarding processes.
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Key Features: Real-time workforce insights : Provides advanced analytics to help businesses monitor headcount trends and make informed decisions. Employee self-service : Provides a platform for employees to manage their information, improving efficiency.
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Quick look: 401(k)s are the most popular retirement plans in the U.S. While their advantages for employees are well known, they also have tremendous benefits for business leaders. When people think of a retirement savings plan, many think of a 401(k). trillion in DC plans at the end of 2023. Who has a 401(k)?
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