Remove 2020 Remove Blog Remove Compliance Remove HR Function
article thumbnail

Tips to help you streamline HR tasks

PeopleStrategy

At the same time, you are probably trying to review employee data and payroll records in preparation for year-end reporting, tax filing and setting up the first payroll of 2020. “Streamlining your HR responsibilities is key to departmental efficiency.” are there enough staff to optimally handle operational needs), etc.

article thumbnail

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. So, which of these functions are the most heavily outsourced?

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Extensis

The survey describes how businesses are facing shrinking HR departments, prompting the need for outsourcing vendors to help manage essential HR functions. Data shows that smaller HR teams were more likely to outsource their HR functions. Risk and compliance services. Dedicated HR guidance.

article thumbnail

For Brokers: 3 Questions to Determine if HRO Is Right for Your Clients

Extensis

Human resource outsourcing (HRO) has continued to increase in popularity as more and more organizations seek to streamline their HR operations, reduce costs, and improve their overall HR performance. billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.6% from 2021 to 2028.

article thumbnail

Talentia assists mid-sized companies in the urgent need for digitalisation

Talentia

October 27, 2020. Home › Blog. The Covid-19 crisis has highlighted the dysfunction of the HR function in the mid-sized companies. Moreover, the HR function is time-consuming in all processes that can be automated (recruitment, employee engagement, pay-slips, expense reports) etc. October 27, 2020.

article thumbnail

The Time is Now for Brokers to Offer PEO Services

Extensis

Quick look: According to a recent report by Avasant, the adoption of HR outsourcing grew 7% from June 2020 to June 2021 – and it’s time for brokers who don’t offer PEO services to begin doing so. Growing compliance concerns. Allowing a PEO to manage risk and compliance promises a simplified, comprehensive process for employers.

article thumbnail

Why 2021 is the Year You Invest in Payroll Software

Netchex HR Blog

If 2020 taught us anything, it is that companies must be agile and adaptive to change. This makes payroll and related HR functions a business need, not a want—and certainly not something you can shortchange. Compliance and tax expertise. This allows your HR team to be people experts, not tax experts.