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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 Here, explore the latest HR outsourcing trends, including the various types of HR outsourcing companies, which HR duties SMBs are offloading the most, and how to choose the right partner to help your organization simplify its workload and succeed.

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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. 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.

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4 Ways PEO Solutions Benefit Medical Practices

Extensis

However, behind the scenes of every successful medical practice lies a complex web of administrative tasks, HR responsibilities, and regulatory hurdles. More importantly, drops in employee engagement rates due to burnout can lead to less-than-satisfactory patient experiences. 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. It’s that time of year again: 2023 is drawing to a close, and people everywhere, including benefits and PEO brokers, are pondering their key takeaways for the year. Read more > 4.

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

HRExecutive

As many employers prepare for 2024 benefits open enrollment, two coverage offerings are showing rapid growth: new weight loss drugs such as Wegovy and Ozempic and personalized medicine , which relies heavily on genetic testing. That’s up from 20% in 2023—and expected to jump to 32% by the end of 2026, according to the survey.

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Tired of Employee Turnover? Increase Retention with this Easy to Implement Cost-Free Solution

Payactiv

Turnover is costing you exorbitant amounts of money every year and HR departments have been fighting it for decades. The Gartner Group found that “instant access to pay helps retain employees.” . This small margin can pay large dividends for employees and employers alike. . Restaurants .

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As anti-obesity drug prices soar, how employers can navigate difficult choices

HRExecutive

These expensive medications further threaten the affordability of employer-sponsored health insurance plans. They retail for between $12,000 and $15,000 annually, and employer-sponsored health plans pay around $9,000 annually after discounts and rebates. Advertisement - What is the landscape for anti-obesity drugs today?