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Compliance and legal updates Reviewing and adjusting for evolving employmentlaws is one of the most important end-of-year HR responsibilities. Two critical tasks: ✓ Review workforce planning: Analyze current staffing levels and plan for future hiring needs.
Strategic workforce planning will prevent: The feeling of being caught off guard and unprepared when staffing needs change. In compliance with laws in all areas of operations. As organizations scale, HR technology can be extremely helpful in realizing key process efficiencies, including: Streamlining processes.
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. Professional employer organizations (PEOs) offer a cost-effective solution to this problem. What is a professional employer organization (PEO)?
From recruiting employees and handling payroll to ensuring compliance with labor laws, HR tasks require constant attention and expertise. As companies look for ways to optimize operations, Human Resource Outsourcing (HRO) has emerged as a strategic solution. Expertise and Compliance: Employmentlaws are constantly changing.
To do this, brokers are in a unique position to make an impact by connecting their clients with a professional employer organization (PEO) solution. The structure, support, and insight of a PEO help make this happen. Handles risk and compliance management Employmentlaws and workforce trends are constantly in flux.
There are many reasons an organization doesn’t have the amount of HR help they really need, but what we do know is that those organizations that have prioritized HR by partnering with a PEO are ten steps ahead of the game. Because PEOs are helping small businesses through this pandemic. PEOs assist with rapidly changing employmentlaw.
PEOs may not be a fit for every business under the sun. But, for growing businesses, they can provide welcome solutions to the new, more complex challenges that come with growth. 50,” you’re better off just building your own, fully staffed HR department rather than seeking the help of a professional employer organization – think again.
Luckily, an applicant tracking system (and the recruiting services offered by some PEOs) can help SMBs remain productive, cost-efficient, and fully staffed. Over the last few years, priorities such as an enhanced candidate experience and employer branding have completely changed how companies attract and hire talent.
Quick look: Legitimate telemedicine solutions provide affordable, convenient care. Here’s how brokers who partner with a PEO can help clients avoid dishonest providers and offer their employees reputable virtual solutions. Men and women and urban and rural patients use the solutions at similar rates.
Luckily, with a PEO partnership in their pocket, brokers can step in as trusted advisors and help their clients remain compliant. Initially, you may be approached by a client to provide health insurance solutions, but you shouldn’t limit your engagement to strictly benefit-related matters. Offer solutions—and keep asking questions.
In recent years, Latin America (LATAM) has emerged as a vibrant hub for software development. However, this influx of demand has brought its own set of challenges for businesses seeking to hire software developers in the region. How Does the Talent Shortage Impact Companies Hiring Software Developers in LATAM?
Under the EOR model, the employer transfers certain employment-related responsibilities to the EOR, which becomes the legal employer of the workers. The EOR is responsible for tasks such as payroll processing, tax withholding, benefits administration, and compliance with employmentlaws and regulations.
From the Provider Perspective: Updates on Contingent Workforce LawsStaffing firms, PEOs, AORs, and EORs sit at an especially complex junction of the law, especially when it comes to the contingent workforce. We are focused on helping companies address the ever-changing federal and state employmentlaw requirements.
A professional employer organization (PEO) provides a range of services to companies that want to outsource human resources administrative tasks. They are staffed by professionals specializing in human resources, taxes, compliance law, and accounting. PEOs and their clients are considered co-employers.
Decoding international PEO Researching and finalizing your global employment strategy is complex enough. We’re here to help clarify and simplify—and we’ll start with a dive into the murky definition of international PEO. Let’s start with the basics: What is a PEO? What about an international PEO?
Additionally, HR is constantly in flux: employmentlaws, top talent’s expectations, and workforce demographics change rapidly. Top HR issues and possible solutions If your HR employees feel busier than usual, it’s probably because they are. Issue #1: Leader and management development Many managers are feeling burned out.
A Professional Employer Organization (PEO) allows its clients to outsource many of their human resource functions, share employment liability, and, oftentimes, gain economies of scale to bring an improved benefits package to their employees. How can PEO services help my company? PEO Health Insurance. PEO Benefits.
Co-employment is a contract and sharing of employer responsibilities between a PEO and its client, an employer. Co-employment is not joint employment. Businesses in a PEO arrangement grow seven to nine percent faster than those without PEOs, and have 10 to 14 percent lower turnover.
This collective call for support gives brokers and PEOs an opportunity to work together to help clients ease their HR burden and prolong business growth. In addition to managing benefit complexity, the survey’s top reasons for outsourcing benefit functions include: Expertise (78.6%) Risk (62.3%) Technology (51.6)
You see, every country has its business management and employmentlaws that you must be familiar with to ensure a smooth transition. With the challenges many employers undergo while expanding their businesses across the globe, seeking employer of record services will be of great importance. .
HR has evolved into a fundamental asset for any successful business, one utilizing sophisticated resources and technology to help companies operate more efficiently and strategically. Self-service HR technology. Self-service HR technology allows companies to increase headcount without necessarily needing to add HR staff.
Let’s take a closer look at some of the most common global HR solutions: Global Payroll Services Global payroll services help you consolidate all the financial tasks for international employees. Local expertise: In-country personnel that have experience in the local tax, labor, and employmentlaws to ensure regulatory compliance.
Unfortunately, many Professional Employer Organizations (PEOs) hesitate to provide HR administration to the cannabis industry due to its complexities and lack of federal acceptance. PEOs can ensure payroll and benefits are accurately classified to minimize the impact of 280E on their business.
Co-employment sits at the heart of the relationship between professional employer organizations (PEOs) and their clients. Here’s what a co-employment relationship is (and what it’s not ) and what you can expect from one. What is co-employment? Joint Employer Liability — Are you At Risk? ). Click To Tweet.
Talent acquisition is the process of identifying, attracting, recruiting, and hiring skilled individuals to meet an organization’s staffing needs. Social media : Job postings can be shared on various social media platforms by recruiting staff, corporate accounts, or both. What is talent acquisition? billion by 2030.
by Lynn Connor, COATS StaffingSoftware. Studies like these can give the staffing industry and employers in general, hope that natural immunity may be considered over mandates. How will the ETS address Professional Employer Organizations (PEO’s) and staffing companies?
Some of the other benefits of on-demand talent often cited include: The staffing company is responsible for payroll, taxes, and benefits. Long-term and contract staffing: The staffing company provides workers for long-term assignments of indefinite duration (e.g., Do employmentlaws apply to this worker?
A federal law that forbids discrimination, including in employment, on the basis of disability. Applicant Tracking System ( ATS ). A software application that lets recruiters and employers track candidates during the recruitment and hiring stages. Co-employment. EmploymentLaws. Cost-Per-Hire.
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