Long gone are the days of lifelong employee relationships ended only by retirement into generous pension plans. Today, the marketplace of workers is more fluid, flexible, and fast-moving than ever before. Yet, many companies feel unprepared to take advantage of new trends in talent acquisition, like the emergence of the so-called “on-demand” workforce. Only 9%[…]
The U.S. National Cyber Security Alliance found that 60% of small businesses closed their doors within six months of an attack. That’s a shocking statistic, but it makes sense. Huge enterprises like Equifax, Capital One, and Yahoo! have the resources to weather the storm. Small and midsize businesses (SMBs) often do not. The major reason[…]
For many HR organizations, outsourcing some or all of their HR functions is crucial. They are facing a gap between business growth but insufficient HR budgeting and staffing. As HR Tech Weekly writes, “This creates productivity and efficiency gaps that HR must overcome.” For many HR groups (especially in small businesses), a professional employer organization (PEO) is[…]
Operational efficiency is critical to business effectiveness. Market research firm IDC says that companies can lose as much as 30% in revenue annually due to inefficiencies. Thankfully, Human Resources can play a prominent role in driving greater efficiencies. Strategic outsourcing can help even more. According to consultancy firm The Hackett Group’s research report, “Forging a[…]
In many organizations, individual departments operate independently of each other. Where there should be alignment and collaboration, instead silence or even fiction can fester. This “silo mentality” can inhibit the company’s ability to achieve business objectives and lead to self-defeating internal strife. The Human Resources department can play a pivotal role in bridging inter-departmental gaps.[…]
The decision to outsource all or part of an organization’s HR work can be difficult to make. Many business owners and executives are understandably leery of whether the investment in an HR vendor or professional employer organization (PEO) will really pay dividends. That said, HR outsourcing can be an incredibly powerful tool for boosting business[…]
Social media is a big deal for small businesses. According to research from social media company Sprout, more than half (57.5%) of people are more likely to buy from a brand if they follow them on social media. However, social media is a complex and intricate area of marketing that demands its own expertise to execute well, and it’s[…]
When business owners partner with a professional employer organization (PEO), they can focus on business building while trusting the PEO to handle certain HR and employee issues. To that end, a PEO’s service model can extend across the entire employee lifecycle – from before they even start until after they’ve left. Here’s how. 1: Recruitment[…]
If you contract out to a Professional Employer Organization (PEO) partner, or are considering doing so, how can your organization ensure that your in-house staff and outside HR partner work together seamlessly? Here are three best practices to employ. Communicate. Communication is key to any successful relationship. Very often, businesses outsource transactional HR tasks specifically[…]
According to MetLife’s 15th Annual (2017) U.S. Employee Benefit Trends Study, brokers and benefit consultants play an unsung role in helping employers navigate employee benefits. That’s because employers tend to overestimate how clear and helpful their communications about benefits actually are. For example, while 74% of employers agree that “the company’s benefits communications effectively educate[…]
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