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CoAdvantage Outsourcing

The 3 Core Advantages Gained by Outsourcing Human Resources

CoAdvantage- Outsourcing HR gains three big advantages for businesses: time, money, and competitive advantage. Even better, outsourcing can have an outsized impact for small and midsize businesses (SMBs) in particular; and this is true even if all your team does is offload transactional HR tasks to a third-party. But how exactly does outsourcing deliver these core[…]

CoAdvantage NAPEO

NAPEO Report: How PEO Clients Have Fared During First Months of the Pandemic

CoAdvantage- The COVID-19 pandemic has hit American businesses hard. According to the Congressional Budget Office (CBO), the unemployment rate rose from 3.5% in February to 14.7% in April, representing tens of millions of jobs lost, with expectations that the average unemployment rate will remain close to 10% in 2021. And it’s not just the workforce[…]

CoAdvantage. Employee Mental Well-Being.

Managing Employee Mental Well-Being in the Era of COVID-19

CoAdvantage- 2020 is not taking it easy on anyone. It’s brought concerns about catching a potentially deadly disease or catching it and passing it on to loved ones. Concerns about job stability. Having to work from home in situations that might not be ideal, or having to come into work and worry about health risks.[…]

CoAdvantage Payroll Service

Demand More From Your Payroll Service

CoAdvantage- Payroll is challenging, difficult, tedious, and – above all else – time-consuming. But getting payroll service right is critical. That’s especially true at small and mid-size companies where executives must wear many hats; owners and managers only have so much time in the day. The Bank Of America Business Advantage Spring 2019 Small Business[…]

CoAdvantage. Economic Downturn.

How HR Can Help Employers Prepare for an Economic Downturn, Part 2: The Human Element

CoAdvantage- In the first part of this series, we talked about how employers can start dealing with the economic downturn now facing the U.S., especially if it continues to get worse. We presented three key tips: re-skill the current workforce, base business decisions on good data, and focus on gaining efficiencies. But there’s another dimension[…]

How HR Can Help Employers Prepare for an Economic Downturn, Part 1: The Basics

The U.S. just had a historic quarterly fall in GDP at a 32.9% annualized rate. That’s worse than even during the Great Depression. According to Bloomberg, U.S. workers filed an additional 1.4 million applications for unemployment insurance in the week ending July 18. That’s double the worst week of the Great Recession. As employers prepare[…]

HR Outsourcing Trends for 2020

In our series on the outlook for 2020, we’ve identified the biggest HR trends, like workplace flexibility and an evolving role for HR organizations; and we’ve discussed some of the biggest issues facing small businesses, like recruitment challenges. But what about HR outsourcing trends specifically? What’s new or important for companies that outsource some or[…]

3 Issues Facing Small Businesses in 2020, and How HR Outsourcing Can Help

We recently outlined the biggest HR trends for 2020, noting how HR’s role is shifting (from transactional to advisory), how businesses are adapting (emphasizing employee experience and workplace flexibility), and what challenges are looming (hiring and skills development). But what are the trends and challenges facing small employers specifically? Recruiting Remains A Major Challenge The[…]

Change Management: How to Solicit Buy-In from Company Leaders

Change management is one of the most difficult endeavors to undertake at any organization because human nature resists change. For that reason, when Human Resources needs to institute or oversee some kind of change, HR leaders will want to do everything they can to facilitate the organization’s ability to accept and integrate the changes. That[…]

How to Write an Effective Request for Proposal (RFP) to a PEO

As outsourcing HR becomes more popular and more cost effective – according to the National Association of Professional Employer Organizations (PEOs), HR administration costs PEO clients an average of 25.7% less when compared to all employers – more and more companies are seeking good partners to handle many of their HR tasks. A critical element[…]

COVID-19 RESOURCES: Please visit our Coronavirus Resources landing page for a compilation of links and useful information for your business to utilize as you navigate the COVID-19 crisis.