Remove outsourcing-payroll-benefits-costs
article thumbnail

HR Outsourcing Trends and Statistics SMBs Should Know

Extensis

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.

article thumbnail

The Comprehensive Benefits of a Managed Payroll System

EmployeeConnect

In the dynamic landscape of business operations, where efficiency and accuracy are paramount, organisations are increasingly turning to managed payroll systems to streamline their financial processes. The traditional approach of handling payroll in-house is gradually being replaced by outsourced, technology-driven solutions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Brokers Can Be Thankful For This Year

Extensis

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.

article thumbnail

5 HR Benefits PEOs Offer Non-Profit Organizations

Extensis

In this blog, learn about five HR benefits non-profits can achieve with a PEO partnership. Discover five impactful benefits a trusted PEO partner can provide with non-profit HR solutions. Here’s a look at five such HR benefits provided to non-profit partners. Changing the world for the better is no easy task.

article thumbnail

IFEBP Study Shows 40% of Companies Are Outsourcing Their Benefit Functions

Extensis

Quick look: The IFEBP reveals 40% of companies are outsourcing their benefit functions, due to ongoing challenges, such as managing benefit complexity. Managing employee benefits has become more complex over the years, which is why more companies are choosing to outsource these functions.

article thumbnail

Top HR Challenges Found in HR Dive’s 2022 Identity of HR Report

Extensis

This year has been busy for HR professionals, and many businesses encountered a rising need to outsource HR tasks. According to the data, HR service vendor use increased in nearly every category: Payroll services jumped 15% year-over-year (from 53% of respondents using the services in 2021 to 61% this year). More responsibilities.

article thumbnail

HR Strategy is crucial in times of crisis.

Tandem HR

They have so many questions about eligibility for the benefits and tax credits, who needs to comply, and whether their business was considered essential. PEOs suggest implementing job sharing opportunities to alleviate the burden of layoffs allowing businesses to keep employees while only utilizing part-time unemployment benefits.