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Quick look: The season of gratitude is here, and it’s an ideal time for brokers to pause and take stock of the many things they are grateful for. Thankfully, market trends are pointing toward a continued need for benefits and PEO brokers, and the right HR outsourcing partner can help them continue to meet those demands.
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.
At some companies, an employee may need to be scheduled for 40 hours per week to be considered full-time, while at another company, an employee may need to work at least 35 hours per week. Generally, full-time employees are employees that work enough hours to qualify for all benefits. Pros of Full-Time Employees
Quick look: The season of gratitude is here, and it’s an ideal time for brokers to pause and take stock of the many things they are grateful for. Thankfully, market trends are pointing toward a continued need for benefits and PEO brokers, and the right HR outsourcing partner can help them continue to meet those demands.
The Employer of Record service opens doors to hire in countries you’ve never operated in or where you don’t own an entity. Whether you want to hire contractors and employees worldwide without opening legal entities, streamline HR for your global team, or consolidate payroll for everyone —Deel does it all (while keeping you compliant).
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For charter schools, back-to-school season presents the perfect opportunity to refine their human resources and employee operations. Back-to-school season is here again! How a PEO helps: Your PEO partner can help assess your school’s current DEI landscape.
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This makes sense when considering that recruiting and onboarding a replacement employee costs about $4,700 per hire. Companies should note that if they don’t include a 401(k) plan in their benefit offerings , many employees will switch to organizations that do.
One of the biggest challenges is managing the employer-employee relationship, and this is where Employer of Record (EOR) and Professional Employer Organization (PEO) services come in. But what exactly is the difference between EOR and PEO? What are the Similarities Between EOR and PEO? Difference Between EOR and PEO 1.
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As a broker-friendly professional employer organization (PEO) , ExtensisHR prioritizes informing its broker partners about the latest market developments. For example, when used in tandem with human recruiting professionals , AI can analyze large data sets to identify top job candidates and reduce hiring bias.
Luckily, professional employer organizations (PEOs) specialize in helping these companies not just resolve problems but perform better than before. This Small Business Saturday, review small employers’ top HR issues and how a trusted PEO partner can guide and empower them every step of the way.
While 2020 wasn’t a record year, it was a continuance of a rapid pace of investment that had even the most seasoned analysts and industry operators shaking our heads in disbelief. These categories span the employee experience from pre-hire to exit. Both statutory and elective benefits have caught considerable attention.
This prestigious designation is only awarded by the IRS to PEOs whose business practices align with the U.S. Additionally, ExtensisHR is in the 1% of PEOs who have all three of the following accreditations. The post How a PEO Protects Government Contractors from Regulatory Compliance Risks appeared first on ExtensisHR.
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Explore the growing importance for small- and medium-sized businesses (SMBs) to quickly close candidates and how to speed up the hiring process, from crafting clear job advertisements to promptly following up. It’s especially vital for small- and medium-sized businesses (SMBs) to hire quickly. According to The U.S.
The good news: There’s help out there – it’s called a professional employer organization (PEO). These organizations can work with your company to provide comprehensive and affordable payroll, benefits and human resource services through a business-to-business relationship called “co-employment.
Quick look: It’s October, meaning it’s both “spooky season” and National Retirement Security Month. For instance, the competitive labor market is sparking employers to revisit their benefits packages and rising inflation is causing some people to alter or delay their retirement plans. Changing benefits.
Partnering with a professional employer organization, or PEO, benefits these owners, their employees, and the growth and stability of their organizations. Simply put, a PEO is a full-service human resources outsourcing opportunity also referred to as co-employment. Here’s how.
This makes sense when you consider that recruiting and onboarding a replacement employee costs about $4,000 per hire. Companies should note that if they don’t include a 401(k) plan in their benefit offerings, many employees will switch to organizations that do.
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Keep reading to discover which HR challenges are most impacting today’s small business consulting firms and how partnering with a professional employer organization (PEO) can help overcome them. Employee recruitment and retention Top talent on a small business consulting firm’s team enhances their competitive edge.
As a broker-friendly professional employer organization (PEO) , ExtensisHR prioritizes informing its broker partners about the latest market developments. For example, when used in tandem with human recruiting professionals , AI can analyze large data sets to identify top job candidates and reduce hiring bias.
Here are 10 challenges to consider this year and how a professional employer organization (PEO) can help administrators overcome them. Keep on reading to discover 10 HR challenges affecting charter schools in 2024 and how a PEO partner can provide expert guidance and streamlined solutions to navigate these pain-points effectively.
By entering into a co-employment relationship with a professional employer organization (PEO), you will be free to focus on what really matters—growing your business. A PEO relationship involves contractual allocation and sharing of employer rights, responsibilities and risks with its client companies and their workforce.
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