CoAdvantage – National PEO Week is a great opportunity for small to medium-sized businesses (SMBs) to learn more about the benefits of professional employer organizations (PEOs). Managing human resources and compliance in-house can be a time-consuming and complicated process. With the help of a PEO, businesses can consolidate these aspects of their operations – including[…]
CoAdvantage – As employers struggle to find skilled workers in today’s talent market, they often look to other countries for access to a wider talent pool and lower labor costs. International hiring is not just about applying current practices to a new country, however. It involves special considerations that can have a significant impact on[…]
CoAdvantage – Over the past year and a half, employers have faced a series of labor challenges ranging from shortages of skilled personnel to the so-called Great Resignation to people staying in their position but becoming less productive (e.g., “quite quitting” or “act your wage”). Exiting employees sometimes blame poor salaries, unhappiness with the company,[…]
CoAdvantage – Organizational adaptability is a key component of long-term business success. The past few years have proven that: businesses that couldn’t adapt to the pandemic, labor force problems, rapid economic shifts, and more have struggled. Many organizations simply shut their doors forever. Being able to handle new challenges easily is the only way to[…]
CoAdvantage – Many companies recognize that succession planning is a vital part of their organizational success. But, despite the importance of having the right leaders, many struggle with it. Research from Deloitte has found a major gap between succession planning efforts and outcomes: 86% of leaders say it is “urgent” or “important” but only 14%[…]
CoAdvantage – Creating a healthy workforce is more important than ever in today’s uncertain economic climate and in a world still facing flare-ups related to Covid-19, RSV, and other infectious illnesses. But what practical steps are organizations taking to support the health of their team members? Here are three current trends in workplace wellness. 1:[…]
CoAdvantage – Background checks can be fraught territory. They can be pivotal to avoiding major headaches and, in extreme situations, reputationally harmful scandals. But they are also a minefield of compliance requirements, with a wide array of federal, state, and local regulations affecting how and when background checks may be conducted. The Equal Employment Opportunity[…]
CoAdvantage – Should business owners pay themselves a salary? Apparently over a quarter (26%) of small business founders say no, according to CNBC. This can be a legitimately tough question. Especially in the early days of a business, owners may not have enough cash flow to set up a recurring salary. Even if cash flow[…]
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