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Report: HR Trends 2024 – Navigating the Future of Work

Extensis

Designed to highlight critical industry developments, ExtensisHR’s 2024 Trends Report features insight from our professional employer organization (PEO) subject matter experts. Further, skillsets for jobs have changed by around 25% since 2015, a figure that’s expected to double by 2027.

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HR Functions and Outsourcing

Astron Solutions

Use of a Professional Employer Organization (PEO) to handle issues such as human resource consulting, payroll processing, and health benefits has been helpful for both smaller and startup organizations. A 2015 SHRM article noted that “In the HR realm, employers most commonly pay for access to talent management [e.g.

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Invo PEO

HR Lineup

Invo PEO is a professional employer organization that offers a range of services to small and medium-sized businesses. The company was founded in 2015 and has quickly become one of the leading PEOs in the industry. One of the key services offered by Invo PEO is employee benefits.

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Helping Clients Offer Inclusive Benefits for Female Employees

Extensis

For example, since 2015, the percentage of women in the C-suite has increased from 17% to 28%. Better yet, when employers participate in a plan offered by a PEO, virtually all administrative tasks are offloaded to other parties. Unfortunately, women of color continue to be underrepresented in leadership positions.

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You Already Have the Talent You Need: Develop Them

Extensis

is around $4,000, and per SHRM, between 2010 to 2015, it took employers approximately 68 days to identify and hire the right candidates. Partnering with a professional employer organization (PEO) is another way to determine if your employees are current with today’s skills trends. Let employees know why it matters.

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Namely Ranked #1 for Competitive Potential in 2015 HCM Report

Namely

We are pleased to share that Namely was recently featured in The Starr Conspiracy’s 2015 Human Capital Management (HCM) Vendor Brandscape Report , a comprehensive analysis of the trends, technologies, and top vendors in the market. Such solutions mean that “for more employers, HCM technology will be a better way to go than PEO.”

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How to Ditch Your PEO for a Payroll Service Provider

Namely

So, you’ve finally decided to head off your PEO and start servicing your payroll elsewhere. Once the toast of the HR outsourcing town, PEOs are no longer the most economical option when it comes to small and medium businesses. As you may already know, PEOs differ from PSPs in one main regard: PEOs function as your employer of record.

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