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HR Outsourcing Trends and Statistics SMBs Should Know

Extensis

Professional employer organizations (PEOs) : Organizations that enter into a joint-employment relationship with a business and provide comprehensive solutions for HR, payroll, risk and compliance, employee benefits, recruiting, and more. A company’s employees remain on its FEIN number and the employer assumes all associated risk.

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The PEO Industry in 2020 & Beyond: What The Next Decade Holds

Genesis HR Solutions

Between 2008 and 2017, the number of worksite employees employed in the PEO industry grew at a compounded annual rate of 8.3%, from about 1.8 From 2008 to 2017, the number of worksite employees employed by PEOs grew at an annual rate of 8.3%. In the 1980s and 1990s, PEOs as we know them today emerged. million to 3.7

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Full-time vs. Part-time Employee Benefits: How to Offer Both

Zenefits

The United States economy was on the rebound during the 12 years following the 2008 recession. The employee-driven economy drew businesses into fierce competition for talent. Benefits, perquisites (perks), and one-time bonuses were currency for attracting new hires and retaining current staff. Paid time off. Dental insurance.

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Mental Health Coverage Gets a Boost from Biden Administration: How the Proposal Affects Health Plans

Extensis

With more people actively seeking care, it’s begun to remove the stigma formerly associated with mental health and bring it front and center as a modern health benefit. Last month, the Biden Administration added to the conversation by proposing a new set of rules to strengthen the 2008 Mental Health Parity and Addiction Act (MHPAEA).

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PlanSource

HR Lineup

PlanSource is an online platform that offers comprehensive benefits administration solutions to employers and employees. The company was founded in 2008, and since then, it has grown to become one of the leading providers of employee benefits services in the US.

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Employers to Offer Record Pay Rises in 2023

HR Digest

While most companies give a 3% raise on employee salaries , they are putting aside budgets to give a raise of 4.1%, a record high since the Great Recession of 2008. Some employees have also taken advantage of the situation to switch jobs for better pay and benefits, which has resulted in some companies losing out on top talent.

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One type of consumer debt is at a record high, and it could impact your Employee Benefits strategy

Steve Boese

In fact, of the six major categories of consumer debt tracked by the New York Fed, only student loans and auto debt have increased since year-end 2008 (total auto loans are up 46 percent). No other form of household debt has increased by as much since then. Total household debt has fallen by 1 percent.