This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Managing humanresources is one of the most critical yet time-consuming aspects of running a business. From recruiting employees and handling payroll to ensuring compliance with labor laws, HR tasks require constant attention and expertise. HRO can be structured in different ways.
A Professional Employer Organization , or PEO, allows businesses to outsource their administrative needs to a third party that specializes in these duties. This can include (but is not limited to) managing humanresources, taking care of payroll, overseeing workers’ compensation issues, and offering employee benefits.
Strategic humanresources (HR) will be one of your organization’s greatest assets and supports during this time. In fact, your company’s strategic HR expertise is nothing less than critical in facilitating business growth and helping to avoid common pitfalls and challenges that can plague organizations trying to scale.
Quick look: As 2024 comes to a close, it’s time for HR professionals to review, reflect, and fine-tune their processes to ensure compliance, enhance employee satisfaction, and streamline operations. There are holiday celebrations to prepare for and attend, looming work deadlines, and your staff’s time off to track and plan around.
Handling employee benefits 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 HumanResources department, which is a reality for many small and medium-sized companies. What is a professional employer organization (PEO)?
The HR technology market in 2024 was a story of resilience and growth amidst a rapidly changing global landscape. These trends underscore the continued evolution of HR technology as a critical enabler of business success, especially as companies focus on skills, retention, and employee well-being in a competitive labor market.
Tandem HR announced the acquisition of The QTI Group’s Professional Employer Organization (PEO) division on August 31, 2021. The QTI Group is a privately owned humanresources and staffing organization providing staffing, recruiting, compensation consulting, and outsourcedHR to businesses headquartered in Wisconsin since 1957.
Recruitment Process Outsourcing (RPO) is a strategic hiring model where businesses delegate part or all of their recruitment operations to an external service provider. By outsourcing recruitment, businesses can significantly reduce hiring costs associated with job advertising, talent sourcing, and screening while improving efficiency.
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. Plan ahead The key to seamless seasonal hiring is to start planning a few months ahead of an anticipated business surge.
Quick look: By 2026, the HRoutsourcing market is expected to grow by $10.90 Here, explore the latest HRoutsourcing trends, including the various types of HRoutsourcing companies, which HR duties SMBs are offloading the most, and how to choose the right partner to help your organization simplify its workload and succeed.
Are rumors about companies that have had professional employer organization problems keeping you from hiring a PEO? Granted, it’s certainly wise to do research about HRoutsourcing. But let’s take a close look at six myths about PEOs. But rest assured — a PEO is employer for certain purposes only (e.g.,
You have many options for outsourcing your company’s humanresources (HR) function. Let’s explore all the services that a full-service PEO partner can perform for your organization and why your business may want to consider this option for the most comprehensive, cost-efficient and time-efficient HRoutsourcing.
Quick look: A PEO partnership can help small businesses grow, stay compliant, offer competitive benefits, and retain valuable employees. However, some organizations shy away from a PEO out of fear that a co-employment relationship is the same as employee leasing. However, the PEO does not supply workers to their client.
However, like any other organization, they also face challenges in managing their HR functions. That’s where professional employer organizations (PEOs) come in handy! In this blog, learn about five HR benefits non-profits can achieve with a PEO partnership. What is a PEO?
Quick look: Many HR challenges arose during the years since the pandemic began, and 2022 was no different. HR Dive’s latest Identity of HR Survey takes a closer look at the top obstacles facing U.S. HR professionals today. But what exactly has changed during the past year, and what is the state of HR today?
Choosing the right professional employer organization (PEO) for your company is a huge project. A mismatch between your company’s culture and that of your PEO, or partnering with a financially unstable PEO, can spell trouble both for your company and your employees. Are you a certified PEO?
What COVID-19 has taught us about HR Strategy. A strong HR strategy makes a significant difference in the survival of an organization, especially in times of a crisis like COVID-19. Some small and mid-sized businesses, however, may not see HR strategy as a top priority. PEOs assist with rapidly changing employment law.
Thankfully, market trends are pointing toward a continued need for benefits and PEO brokers, and the right HRoutsourcing partner can help them continue to meet those demands. Additionally, HR Dive’s latest Identity of HR report discovered over half (57%) of surveyed businesses utilize benefits outsourcing/consultants.
Quick look: For some clients, HRoutsourcing is the best of both worlds: they gain access to the same high-touch offerings as PEO clients but remain the employer of record. Here are nine important HRoutsourcing benefits for brokers and their prospects.
Quick look: Happy HumanResource Professional Day! This celebration occurs annually on September 26 and is dedicated to honoring the hardworking HR teams who work tirelessly to support, guide, and empower employees. Here are 10 reasons to show appreciation for your HR staff on HumanResource Professional Day (and year-round!):
This becomes more challenging when your company grows as you get faced with more HR responsibilities. It’s a welcome problem that has an easy solution, that of a PEO. But what exactly is a PEO? What is a PEO: Professional Employer Organization. Many business owners confuse PEOs with temporary staffing businesses.
Quick look: The IFEBP reveals 40% of companies are outsourcing their benefit functions, due to ongoing challenges, such as managing benefit complexity. 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.
It’s also an ideal time for humanresources (HR) professionals to analyze the trends that have shaped the industry over the past year and identify actionable tips for the coming months. However, HRoutsourcing can also drive many other advantages.
PEOs may not be a fit for every business under the sun. 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. However, there’s often more opportunity for continued success with a PEO by your side than without one.
For eight years, Mickey Swortzel, founder of vehicle control systems start-up New Eagle, watched her employees' health-plan costs steadily increase. Then, in 2016, she made the decision to outsource her one-person HR department to ADP, one of the largest companies in the quickly growing market of Professional Employer Organizations (PEOs).
Humanresources play a vital role in the daily operations and long-term success of your business. The people working for your business’s humanresources are responsible for developing and changing your organisation’s culture. Your business won’t thrive if it doesn’t implement strong HR practices.
Quick look: The role of humanresources (HR) departments continues to expand, especially for small businesses, which look to their HR professionals to manage the full employee lifecycle and wear multiple hats each day. If you’re encountering HR issues, you’re not alone.
In a recent survey, 61% of respondents said they outsourced payroll and 56% said they outsourced benefits.¹ Many small and midsize businesses may want to avoid incurring the costs of running a full HumanResources department. What is a PEO? Other HR administration tasks as needed. Employee benefit plans.
A professional employer organization (PEO) provides a range of services to companies that want to outsourcehumanresources administrative tasks. They are staffed by professionals specializing in humanresources, taxes, compliance law, and accounting. PEOs and their clients are considered co-employers.
Keep reading to find out whether your ideal solution is purely payroll, or if you might benefit more from a slightly different option (that still includes payroll services): a PEO. As a result, most payroll companies now fall more under the administrative services organization (ASO) model of service. What is a PEO?
From employer-sponsored health insurance to retirement savings plans, an attractive benefits package can help you hire the best employees and ensure you retain them for many years to come. Your HR personnel should be on hand to address any questions. Need a little extra assistance making humanresources decisions?
ExtensisHR’s PEO Premier® delivers HR services with an edge, complete with a personalized approach, saving time, costs, and sanity. As a people-first PEO, ExtensisHR understands the importance of delivering a comprehensive solution which serves as an extension of an SMB’s team and is tailored to meet specific HR demands.
Take a reactive approach to management: They do little planning ahead and spend considerable time putting out fires. Apply a proactive approach to management: They take the time to strategically plan for their team, and ask for help when they need it. Make the best of difficult situations: Instead of casting blame, they seek solutions.
Thankfully, market trends are pointing toward a continued need for benefits and PEO brokers, and the right HRoutsourcing partner can help them continue to meet those demands. How brokers can help : Determine which of your PEO partners offer recruiting services, and the scope and cost associated with them.
Professional Employer Organizations (PEOs) help businesses manage essential HR tasks like payroll, employee benefits, and compliance. By partnering with a PEO, companies can focus on growth while outsourcing time-consuming administrative work.
So much so that 53% of companies recently surveyed said they outsource some or all of their payroll operation.¹ They can choose either a standard payroll service provider (PSP) or a professional employer organization (PEO). Here we’ll compare and contrast PEO vs. payroll services alone. What is PEO?
Insurance brokers and professional employer organizations (PEOs) are supposed to be competitors, right? Actually, brokers and PEOs can form mutually advantageous partnerships that result in better service for their clients. Furthermore, brokers themselves can benefit significantly from working with a PEO.
However, it does take a lot of planning, monitoring, evaluating, and adjusting along the way. Having a strong HR strategy will set you up for employment success and best of all, will help you achieve your business goals. Begin with a strong understanding of your general business plan and goals over the next 3-5 years or beyond.
Professional Employer Organizations (PEOs) provide comprehensive HR solutions for businesses by handling payroll, benefits administration, compliance, and risk management. By partnering with a PEO, businesses can outsource essential HR functions, allowing them to focus on their core operations.
EOR is a popular business model that helps employers manage their workforce by taking on certain responsibilities related to humanresources and payroll. An Employer of Record (EOR) is a third-party entity that assumes certain responsibilities related to humanresources and payroll for another company.
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.
To meet employees’ growing demands and help employers maximize their investment, brokers play a key role in designing benefit packages and find partnering with a PEO delivers the ideal support. As a result, a focus on benefit relevancy is as important , if not more so, than the number of benefits available.
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.
We organize all of the trending information in your field so you don't have to. Join 318,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content