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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 Payroll processing businesses : Companies that partially or entirely take over payroll processing duties on behalf of other businesses. billion between 2021 to 2026. But what is causing this rapid expansion?

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Minnesota Paid Family Leave to Launch in 2026

Patriot Software

Beginning in 2026, Minnesota employers will be responsible for handling payroll deductions for the new Minnesota paid family leave program. The Land of 10,000 Lakes is the latest state to launch a paid family and medical leave program. The upcoming MN paid family leave means employers and employees pay into a state fund.

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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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4 Ways PEO Solutions Benefit Medical Practices

Extensis

million healthcare workers is expected by 2026 if current clinical job vacancies trend persist. Proper payroll administration prevents costly fines Medical practices handle multiple financial responsibilities, with patient billing management being the most significant duty. increase in labor expenses.

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Leave Management: Your 101 Guide for 2024

Analytics in HR

from 2020 to 2026, reaching a staggering USD 0.95 Although leave management can be handled manually, going electronic is no exception when it comes to this process. According to a Facts and Factors market research report , the global absence leave management software market will grow by 9.3%

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Small business payroll trends to keep an eye on

Homebase

Small business owners have the advantage of being able to handle most of their operations online— including payroll. With so many things evolving in the digital transformation space, the payroll process continues to improve. . It’s easy to make payroll complicated if you’re tracking all the factors of employment on your own.

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What Are Turnover And Retention Rates For The Caregiver Industry?

DailyPay

Between 2016 and 2026, the Bureau of Labor Statistics (BLS) estimates that the home health and personal aide industry will grow 41% , which is much faster than average. For context, a 7% growth rate is about average for all industries in the U.S.). And, daily pay is a financial perk.