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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. Benefits: Apprentices may receive some full-time employeebenefits—such as health insurance and paid time off (PTO)—especially in unionized industries.
GENERAL TRENDS Rapid technological advancements and shifting employee expectations have added another layer to recruiting and retaining top talent. The world of employeebenefits must evolve to meet the changing needs of the workforce. Multiple retirement options are now being offered by some organizations.
Key Services: Recruitment and Temporary Staffing Talent Development Career Transition and Outplacement Payroll and Compliance Services HR Consulting Why It Stands Out Adecco’s strong emphasis on skill development and upskilling through their Adecco Academy is one of their key differentiators. How to Choose the Best HR Service Provider?
I haven’t really listed deals below on this, but there are so many payroll companies and smaller PEOs with leaders reaching retirement age that are selling off the company. Randstad Acquires Torc : Randstad, a global staffing and HR services company, acquired Torc to enhance its freelance and remote work solutions.
This can include (but is not limited to) managing human resources, taking care of payroll, overseeing workers’ compensation issues, and offering employeebenefits. They also allow employers to offer benefits and other perks (e.g.,
Trend 2: Evolving employeebenefits packages Employeebenefits are an ever-changing aspect of workplace culture, reflecting shifts in societal priorities, economic trends, and labor force demographics. To foster success in 2025, clients should confirm their benefits packages remain relevant or adjust them accordingly.
In this guide, we’ll explore practical strategies to streamline open enrollment and how a PEO can help busy SMBs make the most of their benefit election cycle. Is your benefits package robust and competitive? Do you have a seamless, mobile-friendly way for employees to enroll in and review their benefit elections?
The approach is especially beneficial for small and mid-sized businesses that may lack the budget or infrastructure to maintain a fully staffed HR department. EmployeeBenefits Administration: Handling health insurance, retirement plans, and other perks to ensure employees receive their entitled benefits.
First off, businesses are legally obligated to pay their employees timely and accurately. When a company hires an employee, each party enters into an agreement centered on payment for labor combined with an employeebenefits package. Ensuring this happens, the U.S. Learn more about Payroll Management for Small Businesses.
Sign-up to get our weekly recap of funding announcements, M&A and partnership news from the HR technology, recruitment, talent management and employeebenefits space. Command Center Acquires Hancock Staffing. NerdWallet acquires retirement planning startup ‘aboutLife’. Empyrean Benefit Solutions Acquires Bloom Health.
Handling employeebenefits and other HR services in-house is extremely difficult for many small businesses. There are many reasons, including being short-staffed and needing an internal Human Resources department, which is a reality for many small and medium-sized companies.
Note: I posted those job requirements (human capital consultant vs staffing coordinator) at the end of this article in case you missed them in the video and want to look at them more closely. . The second, Staffing/Recruiting Coordinator, is for someone trying to break into HR that wants to explore the staffing route as a career path. .
Our weekly recap of fundings, mergers & acquisition, partnership and other interesting news from the human resource, recruitment and employeebenefits marketplace. PeopleShare Acquires Reliance Staffing. IT Staffing Firm DIVERSANT Acquires Alliance Of Computer Professionals. This week’s fundings: $48M+.
Employeebenefits Your clients rely on you to present cost-effective benefits packages that cater to their increasingly diverse workforces —and that need will remain steadfast. The Identity of HR report revealed that 42% of HR departments regularly use outsourced staffing services, which brokers can align them with.
The health care industry is facing some major staffing challenges. At the same time, health care employers are facing a wave of retirements. As the U.S. population ages and more people have health insurance because of the Affordable Care Act, employers have been scrambling to fill the greater demand for providers.
But here is the challenge – how do employers create the most competitive benefits which service their true purpose – to attract, retain, reward and engage with top talent in the market? Most employeebenefits and perks do not come cheap and costs can snowball as your company expands.
Our weekly recap of funding, mergers & acquisition, and partnership news from the human resource, recruitment and employeebenefits marketplace is below. Glint raises another $20M to help companies figure out how their employees really feel. NMS recaps healthcare staffing firm GrapeTree. Happy Friday. Sign up now.
HiBob HR leaders use HiBob’s powerful enterprise HR software, Bob , to manage all aspects of the employee lifecycle —from recruitment to retirement—within a single, user-friendly platform. Deel can support full-time employees and contractors.
Luckily there are lots of options for doing this, so let’s discuss a handful of strategies to spread the word on benefits to all employees. Image by Freepik Emphasizing the Value of Benefits during Onboarding During the onboarding process , it’s essential for HR to highlight the value of employeebenefits.
Our weekly recap of funding, mergers & acquisition, and partnership news from the human resource, recruitment and employeebenefits marketplace is below. BG Staffing, Inc. BenefitVision Joins US Retirement & Benefits Partners. Happy Friday. Frida Polli, cofounder and CEO of Pymetrics. Sign up now.
Many seasoned leaders are retiring, and their successors may benefit from training to help them become even more impactful in their new roles. According to the American Staffing Association, 80% of U.S. employees consider a potential employer’s professional development and training offerings important when accepting a new job.
Our weekly recap of funding, mergers & acquisition, and partnership news from the human resource, recruitment and employeebenefits marketplace is below. Acorns to launch new retirement accounts after buying Portland fintech startup, Vault. Happy Friday. This week’s Fundings: $425M+. Sign up now. M&A Friday!
Advertisement - As hospitality companies worked to right-side their finances in the ensuing years, one of the most visible effects was on staffing. A self-described “numbers and analytics person,” Riddle got to use those skills during a crash course on retirement plan management in a college internship at a Washington, D.C.,
Despite this added stress, however, reducing work hours can still be a great option for organizations who need to limit their expenses without laying off employees. They can eliminate costs associated with working hours and employeebenefits, while still maintaining the size of their workforce.
Our weekly recap of funding, mergers & acquisition, and partnership news from the human resource, recruitment and employeebenefits marketplace is below. Blueprint Income, a NYC-based Digital Retirement Plan, Raises $2.75M in Seed Funding. Palm Beach Capital Announces Investment in Lyneer Staffing Solutions.
How benefits are administered Outsourcing benefits administration is still widely used by companies of all sizes. Overall, 55% of all companies either partially or fully outsource the administration of some benefit offerings. The post Want to boost employees’ perception of HR? We urge you to sign up today.
And niche staffing is a possible solution. Businesses that can’t risk hiring mediocre talent or someone unfamiliar with their industry should see what specialized staffing agencies offer and find 1 that’s focused on the kind of workers they need. Pros and cons of niche staffing versus general staffing.
Here are a few key strategies: Provide Competitive Wages and Benefits One way to better attract and retain top talent is to offer competitive salaries, attractive benefit packages (including health insurance, paid time off (PTO), and retirement plans), and flexible scheduling options.
Don’t miss out on top candidates – keep these important considerations in mind when developing a compelling job offer package: EmployeeBenefits Health insurance, retirement plans, and other perks are very influential when candidates weigh salary offers. Contact us today to learn more about our employer services.
At the same time, as your business grows, outsourcing HR can help you save money when it comes to HR staffing. Employees leaving because their company enters a PEO relationship is virtually unheard of. In fact, the opposite is likely true.
To add to the difficulties, many factors should be considered when staffing that go beyond standard job performance capabilities. So, what can HR professionals do throughout the onboarding process to help employees acclimate better? Relay the importance of having a strong benefits package to leadership.
To add to the difficulties, many factors should be considered when staffing that go beyond standard job performance capabilities. So, what can HR professionals do throughout the onboarding process to help employees acclimate better? Relay the importance of having a strong benefits package to leadership.
A PEO is a human resource management company staffed by professionals specializing in HR, legal, tax, and accounting. Employeebenefits administration. A CPEO is a practical option for medium and small businesses without experience with worksite employees, benefits, and payroll. What does a PEO do?
Some of the things to consider when getting started include: What staffing goals do you have for this busy season? Will you offer employeebenefits to these workers ? You may be able to connect with some of your past employees and see whether they would like to come back for a few weeks on a seasonal basis.
Each week, with the help of HRmarketer Insight software , our researchers compile a sampling of mergers & acquisition, funding and partnership announcements from the human resource, recruitment and employeebenefits marketplace. CBIZ Acquires EmployeeBenefits Business Of Tennessee-Based Ed Jacobs & Associates.
Managing employeebenefits 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 EmployeeBenefit Plans (IFEBP) estimates one-third of companies have increased outsourcing of benefit functions in the past five years.
Financial wellness has become one of the most sought-after employeebenefits among U.S. workers, and healthcare employees are no exception. Today, staffing shortages in healthcare persist: almost a third of the nurses in the U.S. are considering leaving their profession due to feeling “overwhelmed and fatigued.”
to help small businesses create employeeretirement accounts. LLR Partners Invests in SaaS EmployeeBenefits Administration Platform, benefitexpress. Sign-up to get our weekly recap of funding announcements, M&A and partnership news from the HR technology, recruitment, talent management and employeebenefits space.
Administrative responsibilities As part of HR’s administrative responsibilities, HR professionals maintain accurate and secure employee records, manage employeebenefits , and oversee payroll processes. Plus, HR makes sure that employees are paid accurately and on time, while checking compliance with tax laws and regulations.
When considering cost-saving measures or optimizing staffing, the default solution for many is to consider reducing the workforce through layoffs or other forms of downsizing. However, it’s essential to address legal considerations and potential impacts on employeebenefits. Yes, there are alternatives to layoffs.
Corporate benefits departments are shifting, growing, and responding to the needs of their employees by outsourcing more time-consuming benefits functions, according to a new survey conducted by the International Foundation of EmployeeBenefit Plans. Retirementbenefit payments: 56.3%.
Employee Navigator is a cloud-based human resources (HR) software platform designed to simplify the management of employeebenefits and compliance for businesses of all sizes. One of the key features of Employee Navigator is its benefits administration capabilities.
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