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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. Additionally, HR Dive’s latest Identity of HR report discovered over half (57%) of surveyed businesses utilize benefits outsourcing/consultants.

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

Extensis

Here, take a closer look at these challenges and how brokers can join forces with a PEO to help clients succeed. It’s clear the role of an HR professional is evolving, and this gives brokers the opportunity to offer more resources to help clients solve these pain points. Talent acquisition continues to be a problem for many businesses.

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

Extensis

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. Managing employee benefits has become more complex over the years, which is why more companies are choosing to outsource these functions.

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What Is Human Resources?

Analytics in HR

As a function, HR covers the processes, practices, and strategies to attract, develop, and retain employees who contribute to the company’s overall success. HR is vital in aligning the organization’s business objectives and employees’ needs and aspirations. What is HR Management?

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Our 5 Most-Read Benefits Broker Blogs of 2022

Extensis

Quick look: 2022 was a busy year for brokers and clients alike. Attracting and retaining employees continued to be a focus, tailored benefits became increasingly important, and several relevant legislative updates occurred. An increase in catch-up contributions for older employees. Black employees (75%). SECURE 2.0,

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EBRI Study Overview: Balancing Student Loan Debt Payments with 401(k) Contributions

Extensis

Quick look: Recent EBRI research reveals an all-too-common challenge employees face today is paying off student debt while also trying to save for retirement. A new study from the Employee Benefit Research Institute (EBRI) reveals student loan debt payments are having a negative impact on 401(k) employee contribution rates.

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What Is The Average Employee Retention Rate by Industry? [2021 Update]

DailyPay

This makes measuring employee turnover more important for employers. How can you gauge if you’re spending too much on employee turnover? What is the average employee retention rate? The separation rate includes employees who voluntarily quit a position, layoffs, retirements, and discharges.