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Professional Employer Organization (PEO): Right for Your Business?

Business Management Daily

Handling employee benefits and other HR services in-house is extremely difficult for many small businesses. According to research by Secure Data Recovery, 88% of employees have worked at a small business without a dedicated HR team. In particular, a CPEO bears the brunt of payroll tax responsibility to the IRS.

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Pre-Boarding: Bring High Tech and High Touch to Onboarding

HR Bartender

There’s never been a better case study for this than onboarding. The hiring manager wants to get their new employee trained and working ASAP. Human resources is responsible for making sure that the new employee is welcomed into the organization and effectively brought onto the payroll.

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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. Additionally, HR Dive’s latest Identity of HR report discovered over half (57%) of surveyed businesses utilize benefits outsourcing/consultants.

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

Extensis

Managing employee benefits has become more complex over the years, which is why more companies are choosing to outsource these functions. A recent survey conducted by the International Foundation of Employee Benefit Plans (IFEBP) estimates one-third of companies have increased outsourcing of benefit functions in the past five years.

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A Benefit to Attract and Retain Employees: Earned Wage Access

HR Bartender

Several weeks ago, I published an article about “ 8 Employee Benefits Worth Considering to Attract and Retain Talent ”. One of those benefits was daily pay or gig pay. Giving employees more control over their money can benefit their financial wellbeing. And that benefits the organization. It makes sense.

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Why Hospitality Workers Walk Away: Addressing the Root Causes of Turnover

Payactiv

This creates a situation where employees often work vastly different schedules from their family and friends, limiting their time to connect with their loved ones and enjoy many of the activities that others participate in. It’s a departure from the traditional biweekly or monthly payroll model. Read the full case study.

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Recruit Better: Employee Discount Programs and Taxes

HR Bartender

One very important partnership that we haven’t spent much time covering is the partnership between human resources and payroll. What are benefits, perks, and discount programs? Jones] Employee benefits are typically any additional non-wage compensation provided to the employee beyond their typical salary or hourly wage.