So, you’ve decided to hire a Professional Employer Organization to help handle the employer side of your business. You’re not alone; the PEO industry has boomed over the last decade, and no wonder. PEO clients grow faster than average, have lower employee turnover than average, are more likely to be profitable, and have double the[…]
Outsourcing HR is the only way to get the employer out of the employer business. That enables them to get back to business instead of idling on staffing issues; it also means they can eliminate liabilities in terms of payroll taxes etc. as the Professional Employer Organization (PEO) partner becomes the employer of record. Here[…]
CoAdvantage- “Innovative interview tools” was one of the top new trends defining the future of recruiting. Traditional interviews fail to properly assess candidates (e.g., identifying their true weaknesses and strengths, particularly when it comes to soft skills). Traditional interviews are also prone to interviewer bias and interviewers who don’t know the best questions to ask.[…]
CoAdvantage- Too many organizations are too disorganized when it comes to compensation strategy. They make compensation-related decisions in a haphazard manner that (1) discounts applicable laws and regulations, (2) obscures whether their approach to compensation generates appropriate ROI, and (3) makes compensation and payroll management unnecessarily difficult. This kind of ad hoc approach to compensation[…]
Sabbaticals often make big news – Fast Company and the Harvard Business Review (HBR) have both extolled the virtues of the practice – yet relatively few U.S. employers offer this as a benefit. According to SHRM’s benefits report, only 12% offer an unpaid sabbatical option, and a meager 5% of U.S. employers offer paid sabbaticals.[…]
Turnover is expensive. Losing employees, and then having to replace them, sometimes over and over again, adds up fast. And turnover is something all employers face. The median employee tenure at any given job is 4.6 years (or 3.2 years for workers aged 25 to 34). Consider the healthcare industry, for whom turnover is particularly[…]
If your organization doesn’t have a risk mitigation plan in place, you’re not just running a risk – you’re setting yourself up for trouble. If you don’t identify possible risks, problems will simply blindside you. At the start of your analysis, you want to identify three pieces of information: Each risk at every point in[…]
Generational issues in benefits may be on the rise. That shouldn’t be surprising, given that 75% of the global workforce will be made up of millennials by 2025. It’s only natural that employers should begin targeting the future supermajority of their workforce with benefits that appeal directly to them, especially since an equal percentage of[…]
The traditional eight-hour day may be more fable than reality. One study found that the average employee spends less than three hours out of each eight-hour work period doing real work. Instead, they spend much of the day reading news (1 hour, 5 minutes), checking social media (44 minutes), discussing non-work-related topics with colleagues (40[…]
Human Resources is a tough field: it demands a substantial depth-and-breadth of expertise in areas that are constantly changing. Faced with changes in technology and rising competition when it comes to finding and retaining talent, HR workers and leaders who don’t stay sharp and evolve along with the HR industry run the risk of falling[…]
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