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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.
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. Reduced turnover : Happier employees generally lead to a lower resignation rate.
Quick look: The humanresources industry has changed substantially in the last several years—a pattern that will continue in 2024. Today’s business landscape is highly competitive, meaning organizations must brush up on and adapt to the latest HR trends.
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.
From boosting employee retention rates to safeguarding against industry disruptions, here’s how L&D can benefit today’s SMBs, and how working with a PEO can simplify the process. Additionally, some organizations leverage a PEO’s assistance with developing an L&D program. What does L&D entail?
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!):
If you’ve been around for a while, you know that one of our favorite topics is the concept of employee retention. With these high stakes in mind, we’ve identified six innovative strategies just about any business can employ to improve retention among its ranks.
Total rewards include compensation, benefits, well-being initiatives, and recognition, and help companies increase productivity, retention rates, and talent acquisition success. 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.
Co-employment is a contract and sharing of employer responsibilities between a PEO and its client, an employer. Benefits of the co-employment business model used by PEOs include giving client companies access to a broader spectrum of employee benefit plans, sharing employer risk, and shifting fiduciary liability of 401(k) plans to the PEO.
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.
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.
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?
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 ?
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.
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.
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.
In response to rising employee turnover in the industry, many are adopting real estate HR strategies designed to support their workforce and improve retention. High turnover rates, however, impact industry leaders’ ability to maintain such valued teams. Payroll errors like underpayment can have a detrimental impact.
Employee retention is a crucial concern for small businesses, especially in today’s competitive job market. With limited resources, small business owners often struggle to provide competitive benefits , training , and support that larger companies offer.
Co-employment sits at the heart of the relationship between professional employer organizations (PEOs) and their clients. According to NAPEO , co-employment is the contractual allocation and sharing of certain employer responsibilities between a PEO and client. With co-employment, risk is shared between the PEO and your company.
Below, explore what National Wellness Month is all about, the significance of promoting employee health and wellness, and discover how partnering with a professional employer organization (PEO) can help your business achieve these goals. What is National Wellness Month?
For charter schools, back-to-school season presents the perfect opportunity to refine their humanresources and employee operations. In this blog, explore the HR trends that charter schools are adopting to empower their dedicated staff. How a PEO helps: Your PEO partner can help assess your school’s current DEI landscape.
Quick look: As a small business, it can be challenging to manage day-to-day operations while maintaining focus on growth, which is why it’s helpful to partner with a PEO. Here’s a closer look at what the data reflects and why outsourcing HR services should come as a relief to business owners. annually, compared to 1.9%
The best employee onboarding software takes the hassle out of paperwork, streamlining the process for both new hires and HR teams to create a welcoming and efficient start. Customizable Onboarding Plans : Tailors onboarding experiences to fit individual roles, ensuring relevance and better engagement for new hires.
Quick look: While professional employer organizations (PEOs) are known for services like benefits and payroll, they can provide so much more. Here are four lesser-known PEO offerings, from recruiting to employee surveying, that can help businesses attract and retain talent and develop data-driven processes. Recruiting services.
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.
But did you realize that your humanresources (HR) team could be one of your greatest assets in keeping employees around? Here are eight ways that your organization’s HR personnel can have a direct, positive impact on your employee retention strategy and serve as a valuable partner alongside management.
Research has shown a lack of attention to the matter results in a lack of productivity and performance and an increase in burnout and turnover. Standard physical health benefit plans no longer cut it for today’s top talent. Essentially, it costs companies more to avoid wellness in the workplace than to take action regarding it.
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.
For charter schools, back-to-school season presents the perfect opportunity to refine their humanresources and employee operations. In this blog, explore the HR trends that charter schools are adopting to empower their dedicated staff. How a PEO helps: Your PEO partner can help assess your school’s current DEI landscape.
Quick look: Partnering with a professional employer organization (PEO) has been an increasingly popular business strategy over the past decade. Reports show the number of employers using PEOs has grown nearly 40% since 2008, and Guardian’s 11 th Annual Workplace Benefits Study shares insights into why.
Additionally, business leaders can boost retention by improving their benefits packages, workplace culture, internal advancement opportunities, and more. How a PEO can help you succeed without non-competes Employment laws may fluctuate, but your success doesn’t have to. Employee recognition Saying “thank you” matters.
Quick look: The National Association of Professional Employer Organizations (NAPEO) recently released a market research survey illustrating the substantial rise in firms partnering with PEOs. Of those surveyed, PEO visibility increased 44% since 2018. The awareness and integration of PEO solutions has risen 44% since 2018.
As a result, experts predict a ‘turnover tsunami’ with many people seeking employment elsewhere as the economy recovers. The findings of the Achievers Workforce Institute’s Employee Engagement & Retention Report support this prediction. Retention surveys and exit interviews. Have a plan. HR management.
Quick look: The benefits of outsourcing humanresources (HR) affect every aspect of a business, from recruiting top talent to leveraging cutting-edge technologies, and everything in between. The rise of HR outsourcing If you’re considering outsourcing some of your business’s HR tasks, you’re not alone.
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?
Putting employees first creates a ripple effect that boosts productivity and retention. Higher Retention Rates: Companies that invest in their teams see lower turnover and higher engagement. Physical Health Initiatives: Promote preventive care through health insurance plans, wellness challenges, or gym reimbursements.
Quick look: There are hundreds of professional employer organizations (PEOs) in the country that aim to help small- and medium-sized businesses alleviate the burden of daily humanresource-related tasks. However, not every PEO approaches transparency and trust the same way.
Your humanresources (HR) budget encompasses a wide variety of initiatives directly impacting your people and, therefore, your business success. In this complex landscape, which HR trends do you need to be aware of? 6 HR budget items to prioritize 1.
There are many misconceptions about professional employer organizations (PEOs). Often, one of them is that PEOs only deliver value for smaller businesses. But what about PEOs for midsize businesses with operational challenges? These business owners may ask: What value does a PEO bring to midsize businesses?
Quick look: The new year is here, and as a broker, your clients turn to you to provide professional guidance on emerging humanresources topics. As a broker-friendly professional employer organization (PEO) , ExtensisHR prioritizes informing its broker partners about the latest market developments.
But with so many HR metrics available to measure, which are the most important? From turnover rate to revenue per employee, let’s explore the 14 most critical HR metrics for today’s SMBs. In fact, according to Grand View Research , the global HR analytics market was valued at $2.25 Turnover rate. through 2027.
Here, explore the different types of internal recruitment, the business benefits of hiring from within, tips on developing an internal talent pipeline, and how a professional employer organization (PEO) can help busy small businesses do it all. An organization’s most important asset is its employees. What is internal recruitment?
These factors have also caused small- and medium-sized businesses (SMBs) to emphasize employer branding and company culture within their talent acquisition and retention strategies. Entities, such as industry organizations , media publications , or humanresources (HR) associations, often present these awards.
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