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What Brokers Can Be Thankful For This Year

Extensis

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. billion between 2021 to 2026. Further, the market is expected to see an incremental growth of $10.90

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HR Outsourcing Trends and Statistics SMBs Should Know

Extensis

Quick look: By 2026, the HR outsourcing market is expected to grow by $10.90 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.

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4 Ways PEO Solutions Benefit Medical Practices

Extensis

More importantly, drops in employee engagement rates due to burnout can lead to less-than-satisfactory patient experiences. Developing comprehensive employee benefits packages counter burnout by supporting employees’ physical and mental health needs. Since healthcare professionals’ risk of burnout is 2.2

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Our 5 Most Popular Broker Blogs of 2023

Extensis

Quick look: This year, continuing inflation challenges and the demand for personalized employee benefits packages made headlines. Small- and medium-sized businesses (SMBs) and employees want to make the most of their budgets as inflation challenges remain. An increasing need for clear, thorough employee benefits communication.

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Open enrollment trends: More employers to cover weight loss drugs next year

HRExecutive

Specifically, coverage of genomic testing, which looks at a person’s entire genetic makeup and can indicate conditions like cancer, will edge up 1% to 44% of employers in 2024, and by 2026, a majority of employers (52%) expect to offer it, according to the report.

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SECURE Act 2.0 Details: Key Takeaways for SMBs (and Brokers)

Extensis

And starting in 2026, the catch-up contribution will be indexed by inflation. This change would go into effect after December 31, 2026. New HR and employee benefits laws seem to appear every week. IRAs: The $1,000 catch-up contribution limit will be indexed for inflation for tax years starting in 2024.

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McKinsey Study Overview: What to Expect in U.S. Healthcare in 2023 and Beyond

Extensis

By 2026, with enough time to recalibrate post-pandemic, predictions show recouped savings and streamlined healthcare services. However, despite the downturn, insights show a rebound between 2023 and 2026 with a jump of 15% in annual growth for a total earnings before interest, taxes, depreciation, and amortization (EBITDA) of $358 billion.