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Many Humanresources (HR) key performance indicators (KPIs) have proven useful to track and measure consistently year over year. This has pushed specific HR KPIs to the forefront in importance and significance. However, the last few years have changed the workplace in fundamental ways.
Here’s how to design an impactful total rewards plan, and how a PEO can help time-strapped SMBs reap the benefits of a well-appointed program. Common employee benefits include health, dental, vision, and life insurance, and retirement savings plans.
The days of thinking about humanresources (HR) as merely a supportive, administrative function – say, passively managing employee documentation, overseeing timekeeping and administering payroll – are long over. So, why does HR matter? In today’s workplace, what all does HR encompass? What is the purpose of HR ?
Quick look: Military spouses are, on average, highly educated, skilled, and motivated—a combination that makes 80% of HR professionals eager to hire them. Yet only 16% of HR teams have a strategy to recruit and retain military spouses, and less than half feel they understand this group’s challenges. as of September 2024.
Yet, it’s not all doom and gloom, as brokers and their clients have access to professional employer organizations (PEOs) to help them reinvigorate employee participation and provide the support necessary to help them do their best work.
The years immediately following the pandemic involved an evaluation of work-life balance, leading millions of workers to voluntarily leave their jobs. To support this shift and lessen the impact on businesses, brokers have begun to partner with professional employer organizations (PEOs) on a more frequent basis.
Quick look: There are hundreds of PEOs across the U.S. In this blog, learn about ExtensisHR’s Employee Solution Center (ESC) and discover the benefits of having a responsive and knowledgeable support system that understands your unique needs and helps you easily navigate complex HR issues. You’re not alone.
But with so many humanresource (HR) metrics available to measure, which ones have the most impact? From turnover rate to revenue per employee, these 14 HR analytics, paired with the support of a professional employer organization (PEO), can empower SMBs with the tools and expertise they need to succeed.
Here, explore what you need to know about hiring for seasonal positions, from compliance considerations to incentivizing staff to come back next season, and how a PEO can help you achieve year-round success. Recruiting is much less hectic when you know what to expect in the upcoming months versus when an immediate hiring need arises.
If your team is scaling and your HR workload is stretching beyond your capacity, it may be time to consider HR consulting in Chicago. At EmphasisHR , we specialize in helping businesses like yours thrive by taking on the heavy lifting of HR. That’s where outsourced HR consulting comes in.
Despite their benefits, managing these plans can be complicated and time-consuming. Here we define what FSAs are, what they cover, how they differ from HSAs, and how a professional employer organization (PEO) simplifies FSA setup, compliance, and administration. What is an FSA? FSA vs. HSA: what’s the difference?
From hidden fees to limited control over benefits and outdated technology, the cracks in a PEO relationship can begin to show over time. If youre starting to feel more restricted than supported by your PEO, it might be time to make a change. Why Leave Your PEO? Is your HR technology lacking?
It’s your company’s plan for how you’ll leverage your people to grow your business and achieve business goals. A people-first culture doesn’t just happen – your team needs to cultivate it through thoughtful planning and deliberate actions. How a PEO can help Feeling overwhelmed? Have you heard of people strategy?
The result of all this is that your business benefits through: Higher productivity Better engagement and satisfaction Improved culture Positive reputation Increased innovation Less time and money spent on recruiting and hiring Reduced turnover What are today’s challenges in attracting and retaining talent?
Unlike traditional staffing agencies that focus on filling specific positions, RPO providers take a more holistic approach, integrating seamlessly with an organizations HR team to manage end-to-end recruitment functions. How RPO works: An RPO provider works closely with a company’s HR team to enhance hiring efficiency and effectiveness.
Typically, recruitment aims to find and hire the best-qualified candidates who fit the company’s immediate needs and align with its culture. Talent acquisition is a strategic process focused on long-term workforce planning and development, while recruitment deals with immediate hiring needs.
Unlike a baseball player who gets immediate and consistent feedback based on hits, runs, errors and wins, employees in the knowledge economy often rely on feedback from their manager to gauge their performance.
You might be trying to shield your team from failure, stress or the struggle inherent in not knowing the answer immediately—but in doing so, you remove the conditions necessary for real learning and competency development. • But over time, it teaches others to rely on you instead of building their own problem-solving confidence. •
Dashboards allow information to be viewed from multiple perspectives and in real time, making it easier to identify areas that need immediate attention, such as liquidity problems, sales drops or deficiencies in customer service. The key is teaching teams to use this data to generate practical and effective solutions.
You probably know that a professional employer organization (PEO) can help you with benefits and payroll. Many PEOs offer several services that can be just as, if not more, beneficial to your employees and organization. Below are five little-known PEO services to consider before you choose a company. Strategic planning.
Often middle market companies find that while the primary functions of their company have matured, the development of their humanresources (HR) infrastructure has lagged behind. Meanwhile, as employee headcount rises, your HR infrastructure must scale and become more specialized.
What is a PEO and how can it help solve these workplace hurdles? Should they add headcount to their in-house humanresources (HR) team? Or, should they supplement their current staff by outsourcing some HR responsibilities? First, what is a PEO? What are today’s midsize business challenges?
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As your company moves toward the resumption of operations, one of the first tasks should be to put together a business recovery and continuity plan that forces your team to push past immediate and short-term thinking. Finally, prepare your business for the emerging opportunities that result. Phase 1: Reaction.
Having a professional employer organization ( PEO) partner to evaluate options from all angles can help prevent penalties and keep your company running smoothly. When funds are inaccessible, employers are immediately exposed to penalties and potential personal liability as not paying employees is illegal.
Though 401(k)s are still a large piece of the retirement planning puzzle, raising awareness about voluntary benefits has become just as essential to boost savings confidence and employee satisfaction. legislation , which was created to encourage employee participation in 401(k) and other retirement savings plans.
Our annual reporting on M&A in the HR technology space is one of our most popular pieces of content year after year ( see our 2022 version here ). We look at some of the many announcements that happen over the course of the year, flag some key ones, and identify any big trends that seem to appear across the landscape.
Luckily, with a PEO partnership in their pocket, brokers can step in as trusted advisors and help their clients remain compliant. Here are four ways to safeguard your clients from HR risks while also further proving your value. Here are four ways to help your clients navigate HR risks and increase your value in their eyes.
The Department of Labor (DOL) has updated rules regarding employer-sponsored healthcare and 401(k) plans starting in 2023 and continuing over the next few years. Regulatory Agenda, the DOL has made notable changes to the Employee Retirement Income Security Act of 1974 (ERISA), as well as group health plans. In 2023, SECURE 2.0
This may vary depending on a specific company and its organizational structure and culture, but generally the following parties should be present when an employee is terminated: The employee’s direct supervisor or manager A third-party witness (for example, the manager’s manager or a humanresources [HR] professional).
Small businesses have several options when considering how to handle their humanresource needs as they grow. Ultimately, the decision of whether to outsource HR, use a service such as a PEO or handle it in-house comes down to business strategy, culture and immediate growth plans.
Many Humanresources (HR) key performance indicators (KPIs) have proven useful to track and measure consistently year over year. This has pushed specific HR KPIs to the forefront in importance and significance. This has pushed specific HR KPIs to the forefront in importance and significance.
Rapid advances in HR automation have enabled HR departments to streamline and speed up their ways of working, automate many tasks, and devote more time to people-centered tasks, including empowering their employees. How can your team apply HR automation and work in a more efficient and effective way? What is HR automation?
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When we talk to prospective clients about our PEO’s retirement plans, they’re sometimes skeptical about the value of using them, especially if they already have their own plans in place. They wonder: Is switching to a PEO’s retirement plan worth it? Using a PEOplan benefits you because: 1.
Though technology has changed the game for HR by streamlining applications, creating greater efficiencies, and allowing people to virtually work anywhere, first-rate customer service from a professional employer organization (PEO) partner can help brokers stand out. Simplify plan explanations.
What exactly do you get when you hire a professional employer organization (PEO) to work alongside your business? PEO services generally fall under the following categories: HR. But these general categories only scratch the surface of what employers actually receive when they enter into a co-employment relationship with a PEO.
Companies Amazon and Google thrive on disrupting old delivery models, while HR tech companies are also taking a piece of the pie. Navigating health insurance administration and plan selection is tricky for most small- and medium-sized businesses (SMBs). Working with a PEO can alleviate the heavy lifting.
Quick look: These days tailored benefit plans are in demand more than ever. Why upskilling matters Clients expect immediate answers and easy-to-use systems when it comes to benefit administration and implementation. What were once voluntary options have now become part of the main benefit plan.
Like almost every other industry, professional employer organizations (PEOs) have been forced by the global pandemic to ask themselves this question. As we look toward 2021 and beyond, PEOs, including Genesis HR Solutions , are uniquely positioned to provide opportunities and positivity to our clients. Notable PEO Statistics.
That’s why it’s crucial to have a return to work plan. Why return to work plans are important. Apart from absence management, embedding return to work processes in your HR policies can allow you to examine the reasons behind absences. An individualized return to work plan. I currently use a PEO *.
HR and payroll professionals spend much of their day handling manual data manipulation, performing data transfers, and reviews. Your payroll team can now use their time on higher value activities including workforce planning and analytics. Immedis can support you in your efforts to reduce costs. FX charges .
While increasing healthcare costs and claims remain a top concern, benefit customization through a PEO shows promise of putting SMBs on a positive trajectory. And through ExtensisHR’s personalized PEO solution, SMBs receive comprehensive, cost-effective HR services and collaborative support.
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