Benefits of a PEO for Small Businesses and Startups
Take It Personel-ly
OCTOBER 29, 2021
A professional employer organization (PEO) handles all the administrative services that are needed for companies to expand their presence.
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Take It Personel-ly
OCTOBER 29, 2021
A professional employer organization (PEO) handles all the administrative services that are needed for companies to expand their presence.
Lighthouse
JANUARY 9, 2023
Market consolidation continues : when money tightens up, startups with a shorter runway of cash need an exit, and providers with cash are able to pick up valuable technology (and hires, at times) to consolidate the market and potentially increase their ability to serve customers with new features. Talent Acquisition and Hiring.
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Extensis
NOVEMBER 20, 2023
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. Talent acquisition The job market may be cooler than this time last year, but hiring remains a top priority, according to HR Dive research.
Extensis
DECEMBER 20, 2023
Designed to highlight critical industry developments, ExtensisHR’s 2024 Trends Report features insight from our professional employer organization (PEO) subject matter experts. Here, we summarize the report’s 10 key points, from the need to focus on an increasingly diverse workforce to the growing role of artificial intelligence (AI) in HR.
HR Stacks Blog
AUGUST 13, 2024
With Generative AI, Skills Technology and Data Analytics, the human resource ecosystem has changed remarkably in the last few years. There are large scope of robust automation and constant upskilling is required to stay on top of the competitive ladder. Around 30% of office space is said to be reduced by companies accordingly.
Extensis
MAY 15, 2023
Quick look: Recruiting top talent remains a challenge for many organizations, and recent research shows the time to fill a vacant role has increased by four weeks year-over-year. Luckily, an applicant tracking system (and the recruiting services offered by some PEOs) can help SMBs remain productive, cost-efficient, and fully staffed.
Insperity
OCTOBER 8, 2024
In addressing any gaps, it more time and cost effective to develop employees internally or hire externally? Rushed hiring decisions that result in hiring the wrong candidate. Under-hiring, which can increase the workload and pressure on current employees, leading to burnout and a negative work environment.
Extensis
NOVEMBER 10, 2022
As a professional employer organization (PEO) broker, preparing clients for these fluctuations year to year is essential. Per the PwC report, 71% of provider executives also reported significant investments in automating administrative functions. PEO brokers keep SMB clients updated on what will help keep them competitive.
HR Brew
MARCH 14, 2024
Companies that didn’t have the infrastructure to hire talent internationally looked to EORs, which act as a legal entity employing workers on behalf of a business, overseeing payroll, taxes, and benefits. automating registrations with state departments of labor and handling workers compensation agencies).
SwipeClock
NOVEMBER 3, 2023
Adding Scheduling & Hiring Tools that are Unified with Timekeeping to Set Your Clients Up for Success in 2024 Swipeclock had the opportunity to present at NAPEO’s First Friday webinar series on November 4, 2023. Review what we covered and how a Swipeclock partnership is the ideal solution for PEOs. Speed and efficiency win the day.
Advos
JUNE 8, 2017
Our weekly recap of funding, mergers & acquisition, and partnership news from the human resource, recruitment and employee benefits marketplace is below. Online learning startup Coursera raises $64M at an $800M valuation. Workey Secures $8 Million Series A Funding, Harnessing AI to Help Millennials Find More than a Job- a Career.
Zenefits
MARCH 1, 2022
As any small business owner knows, there are approximately a million things that need your attention every day and a PEO can help. That’s thanks in large part to professional employer organizations or PEOs, for short. Here’s a crash course in all things PEO and how they can benefit your small (or even medium-sized!)
Extensis
APRIL 4, 2023
Quick look: For some clients, HR outsourcing is the best of both worlds: they gain access to the same high-touch offerings as PEO clients but remain the employer of record. However, most HRO and PEO solutions allow employers to maintain authority over hiring and firing.
Extensis
OCTOBER 19, 2023
This collective call for support gives brokers and PEOs an opportunity to work together to help clients ease their HR burden and prolong business growth. Add to it the responsibilities of recruiting, retention, payroll, and compliance, among others, and the signal for help has become necessary to maintain a company’s success moving forward.
Extensis
APRIL 4, 2024
From hiring new talent to upskilling tenured staff, HR professionals wear many mission-critical hats. From reducing managers’ stress to grappling with the latest artificial intelligence (AI) tools, these are the current most common HR problems, and the solutions small business leaders can take to mitigate them.
Extensis
JANUARY 26, 2023
Quick look: For better or worse, artificial intelligence (AI) is infiltrating every aspect of business. Most recently, it’s been used for HR purposes as a way to simplify the recruiting process. Though it provides a certain level of convenience, can an algorithm be relied upon when it comes to hiring the right employees?
Advos
JANUARY 25, 2018
Our weekly recap of funding, mergers & acquisition, and partnership news from the human resource, recruitment and employee benefits marketplace is below. Stressing aptitude over achievement, Strive Talent pitches a new way to hire, raises $3.8 GPB Capital Acquires MatrixOneSource, Marking Entry into PEO Market. Happy Friday.
Digital HR Tech
APRIL 8, 2021
Rapid advances in HR automation have enabled HR departments to streamline and speed up their ways of working, automate many tasks, and devote more time to people-centered tasks, including empowering their employees. How can your team apply HR automation and work in a more efficient and effective way? What is HR automation?
Insperity
NOVEMBER 19, 2012
Growing fast usually means you have to hire fast. With a large hiring push, it’s easy to underestimate the incredible amount of time and money it takes to pull it off. They want to make sure they hire strong employees who they can trust to handle and grow their business.”. You must automate and delegate,” says Sorrells.
Advos
NOVEMBER 23, 2018
Our weekly recap of fundings, mergers & acquisition, partnership and other interesting news from the human resource, recruitment and employee benefits marketplace. Recruitment software maker Workable raises $50M. Technically Compatible, a Sunderland, UK-based recruitment technology company, secured £500k in funding.
Extensis
JUNE 26, 2024
Hiring internally. Here, explore the different types of internal recruitment, the business benefits of hiring from within, tips on developing an internal talent pipeline, and how a professional employer organization (PEO) can help busy small businesses do it all. Small businesses face significant hiring challenges.
Lighthouse
JANUARY 3, 2024
WilsonHCG picked up Personify in the recruitment process outsourcing industry. Engage PEO acquired Zamp. Relatively small in the bigger scheme of things, but we’re planning some PEO research in 2024 to explore how PEO is evolving so we’re watching the space closely.
Extensis
MAY 21, 2024
Quick look: National PEO Week (May 19-25 2024) has been federally recognized to celebrate the impactful contributions of the professional employer organization (PEO) industry. It’s no surprise to see SMB interest in using a PEO increase significantly over the past few years.
Astron Solutions
MARCH 19, 2019
Use of a Professional Employer Organization (PEO) to handle issues such as human resource consulting, payroll processing, and health benefits has been helpful for both smaller and startup organizations. Are you planning to hire a lot of people every year? Compensation Administration. Applicant Tracking. Pay for Performance.
Extensis
NOVEMBER 30, 2024
Luckily, professional employer organizations (PEOs) specialize in helping these companies not just resolve problems but perform better than before. This Small Business Saturday, review small employers’ top HR challenges and how a trusted PEO partner can guide and empower them every step of the way.
Extensis
NOVEMBER 12, 2024
Quick look: Military spouses are, on average, highly educated, skilled, and motivated—a combination that makes 80% of HR professionals eager to hire them. Yet only 16% of HR teams have a strategy to recruit and retain military spouses, and less than half feel they understand this group’s challenges. For example, the SECURE 2.0
Extensis
JULY 10, 2023
With ExtensisHR’s PEO Premier®, our personalized approach to HR management saves your business time, work, and stress. ExtensisHR’s PEO Premier® is one such investment, designed to make HR easy by doing core tasks for you. Here are seven reasons why choosing PEO Premier® saves your business time, administrative work, and hassle.
Extensis
FEBRUARY 13, 2023
Quick look: Almost half of employees plan to job-hunt, and 92% of employers plan to hire this year. To remain competitive, business leaders must stay on the pulse of 2023 hiring trends. Here are 7 developments expected to hit the industry and how a PEO can help SMBs make the most of them. of hires in 2021, up from 3.9%
Extensis
NOVEMBER 26, 2024
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. Talent acquisition Hiring remains a top priority for employers.
Extensis
JUNE 27, 2023
Quick look: Employers are dealing with their fair share of recruiting obstacles due to economic instability and workplace trends upending the status quo. LinkedIn released The Future of Recruiting 2023 report which shares analysis from billions of data points and predictions from global talent leaders and recruiting professionals.
Extensis
APRIL 13, 2023
Quick look: The National Association of Professional Employer Organizations (NAPEO) recently released a market research survey illustrating the substantial rise in firms partnering with PEOs. Of those surveyed, PEO visibility increased 44% since 2018. The awareness and integration of PEO solutions has risen 44% since 2018.
Extensis
DECEMBER 16, 2022
Quick look: Choosing the right PEO solution requires time and resources SMBs simply may not have. Though HR services may be similar among different PEO companies, a superior level of care is what stands out as one of the greatest advantages. Big-box PEOs rely on support ticket systems to answer inquiries in the order they’re received.
Vantage Circle
NOVEMBER 27, 2024
The best employee onboarding software takes the hassle out of paperwork, streamlining the process for both new hires and HR teams to create a welcoming and efficient start. It requires carefully managing documentation while ensuring new hires feel valued and prepared. However, getting onboarding right is no easy feat.
Extensis
JANUARY 17, 2024
Quick look: One of the most critical (and stressful) parts of recruiting is closing job candidates before your competitors can scoop them up. According to the Society for Human Resource Management’s (SHRM) new benchmark research , the average cost of recruitment is nearly $4,700 per hire.
HiBob
DECEMBER 11, 2024
It bundles different features including hiring and onboarding , analytics and reporting, and payroll and benefits management. verified user Source: These pros and cons are compiled from reviews found on G2. BambooHR is HR software that centralizes daily HR tasks into a single platform. 5 star ranking from customer reviews on G2.
Extensis
SEPTEMBER 14, 2023
The rise of AI There seems to be a headline about artificial intelligence (AI) everywhere you turn. And while in the past it was primarily a futuristic daydream, AI is here and booming—it’s expected to become a $2,575.16 AI can also assist with recruiting when coupled with a human-centric decision-making approach.
Extensis
MAY 20, 2024
Quick look: While professional employer organizations (PEOs) are known for services like benefits and payroll, they provide so much more. From recruiting to employee surveying, here are four lesser-known PEO offerings that can help businesses attract and retain talent and develop data-driven processes. million people.”
Extensis
OCTOBER 16, 2023
The following three HR risks are potentially residing within well-meaning companies—and can be mitigated by partnering with a professional employer organization (PEO) that provides comprehensive HR risk management services. For example, employers in New York City must obtain a “bias audit” for all automated decision tools.
HR Lineup
NOVEMBER 21, 2022
The good news is that you can outsource your HR functions from credible Professional Employer Organizations (PEO). With a PEO, you are guaranteed access to financial and HR expertise, including creating employee benefits plans, payroll management, and employee onboarding. Top 10 PEO Companies in 2023: 1. Resourcing Edge.
Insperity
AUGUST 1, 2023
There are many misconceptions about professional employer organizations (PEOs). Often, one of them is that PEOs only deliver value for smaller businesses. But what about PEOs for midsize businesses with operational challenges? These business owners may ask: What value does a PEO bring to midsize businesses?
Genesis HR Solutions
JULY 24, 2023
People in every functional area are talking about—and experimenting with—artificial intelligence (AI) and automation tools, looking for ways to work smarter. That’s why, in my opinion, the question isn’t “Will HR automation change everything?” but “ How will HR automation change everything? ” What is HR automation?
Extensis
MAY 15, 2024
Quick look: SHRM’s recent State of the Workplace Report highlights how HR leaders are focused on balancing past employee recruiting challenges with responsibly handling an AI-centric future. As brokers and their clients consider what it means for their present moment, the idea of working with a PEO seems like a good place to start.
Insperity
FEBRUARY 13, 2024
In today’s competitive business landscape, the traditional hiring process is evolving rapidly. One approach gaining traction among forward-thinking business leaders is skill-based hiring. What is skill-based hiring? Adaptability and Agility : In today’s rapidly evolving business landscape, adaptability is key.
Extensis
JUNE 29, 2023
With an up-and-down economy and significant changes affecting the workforce, brokers can further protect their clientele by partnering with a PEO. Rather than tackling this separately, PEOs offer a full scope of services, which allows brokers to expand their offerings, resources, and expertise. However, not all PEOs offer equal value.
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