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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.
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.
Quick look: A new year is here, and with it comes a fresh set of workplace trends, from further incorporating artificial intelligence into daily tasks to designing comprehensive succession plans. You may also download the entire report using the button below. An AI-driven program can streamline that task without replacing the current system.
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.
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. In this blog, we’ll dive into the key aspects of open enrollment, why it’s important to companies and their staff, and three tips to improve and simplify the experience.
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)?
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 outsourced HR to businesses headquartered in Wisconsin since 1957.
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.
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.
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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: 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, behind the scenes of every successful medical practice lies a complex web of administrative tasks, HR responsibilities, and regulatory hurdles. A professional employer organization (PEO) can step in as a powerful ally, simplifying operations, reducing costs, and allowing medical practices to focus on what truly matters most.
Last year one of our most popular posts on the blog was a recap of some of the 2021 M&A activities across the HR Tech landscape. We tracked more than 100 different mergers and acquisitions across the HR technology space, and some of the ones we think are interesting or particularly notable are listed below.
Quick look: By 2026, the HR outsourcing market is expected to grow by $10.90 Here, explore the latest HR outsourcing trends, including the various types of HR outsourcing 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.
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?
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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.
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Though standard health insurance plans are still a valuable part of the conversation, most people now seek a more customized approach. Recent research indicates nearly half of American workers plan to leave their jobs within the next year. Employers should consider including these areas when reviewing their healthcare plans.
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. According to market research firm Technavio , 56% of the HR outsourcing market’s expected growth between 2022 to 2026 is slated to come from North America.
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!):
Here, we explore the importance of payroll, how PEO payroll services impact SMBs across the country, and all the other ways PEOs help businesses, too. Take the “Getting Paid In America” survey (explore last year’s survey results here) Sign your business up to be an official NPW supporter (it’s free!)
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.
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, HR outsourcing can also drive many other advantages.
Global payroll and HR platform Deel announced Thursday during its virtual customer event several new products and features aimed at streamlining workforce management across the globe. On Monday the alleged spy, Keith OBrein, confessed in a new court filing Rippling shared with HR Brew detailing the alleged plot.
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. pay and benefits) and well-being, flexibility, and career programs.
Quick look: PEO awareness and subsequent partnerships have increased over the past few years as brokers and their clients look for fresh HR and benefit strategies to keep them competitive. However, many organizations have begun to realize not all PEOs offer the same level of support. However, not all PEOs are the same.
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.
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.
A Professional Employer Organization (PEO) is a firm that provides comprehensive HR solutions to businesses by handling payroll, employee benefits, regulatory compliance, tax administration, and other workforce management functions. You may read more about PEO statistics here. How Does A PEO Work?
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. One major advantage of working with a PEO is access to high-quality employee benefits.
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.
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 HR outsourcing partner can help them continue to meet those demands. Additionally, HR Dive’s 2024 Identity of HR survey discovered that 36% and 22% of HR professionals said that mental health/counseling and educational perks (i.e.,
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 ?
This is a main factor when choosing benefit plans , causing brokers and SMBs to search for a solution appreciated by everyone. Rather, relevancy has become a top priority when creating health plans. But how do you determine which health plan options are the most relevant?
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.
To help clients maximize their benefits and feel confident in their choices, making the connection to a PEO partner can simplify and streamline the entire process. Complexity of benefits administration Breaking down the complexities of benefit plans can feel overwhelming for many SMBs.
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.
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