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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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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. Additionally, HR Dive’s latest Identity of HR report discovered over half (57%) of surveyed businesses utilize benefits outsourcing/consultants.

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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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Turnover And Retention Rates for QSR Businesses

DailyPay

Between 2016 and 2026, the Bureau of Labor Statistics (BLS) estimates that the Food and Beverage service industry will grow 14% , which is faster than average across all sectors. Additionally, 67% of restaurants polled in the NRN survey stated staffing challenges cited as a top concern. WATCH THE WEBINAR. GET A FREE DEMO.

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Forbes Names UKG One of America’s Best Employers for Women

UKG

Forbes Names UKG One of America’s Best Employers for Women brandon.bielich Fri, 09/08/2023 - 11:12 Main Image Background Color Magenta Body UKG , a leading provider of HR, payroll, and workforce management solutions for all people, is one of America’s Best Employers for Women, according to Forbes. companies across all industries.

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Our 5 Most Popular Broker Blogs of 2023

Extensis

The articles focused on various topics, from helping clients’ employees make the most of their FSA funds to the results of the Forbes Best Employee Benefits survey, and will keep providing valuable insight as 2024 begins. Likewise, our five most-read broker blogs in 2023 also reflected these trends. Read more > 5.

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Small Business Funding is Still Available if You Look in the Right Place

FingerCheck

Last month, a survey by Yahoo Small Business reported half of the country’s smallest businesses continue to struggle due to the pandemic. The advocacy group, National League of Cities , reports that funds for local state governments will remain available through the end of 2026 but may only offset costs incurred by December 31, 2024.

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