In our first post in this risk management series, we noted how few HR organizations address people-related risks. According to consultancy group EY, “HR risks continue to be absent from the risk management framework. Only 36% of [survey] respondents indicated HR risks are included as part of the risk management framework.” In our next post in
-> Continue reading HR Risk Management Part 3: Risk Monitoring
Talent shortages are likely to reach critical levels over the next decade. Analysts at the Korn Ferry Institute predict that the global talent shortage could hit 85.2 million people by 2030. Consultancy firm Gartner agrees: its 2018 Emerging Risks Survey found that a talent shortage is an employers’ most commonly cited risk. The hardest hit industries include financial
-> Continue reading Recruitment Tactics When Faced with Serious Staffing Shortages
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
-> Continue reading Partnering with a PEO to Improve Business Efficiencies
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.
-> Continue reading Improving the Relationships Between HR and Other Departments
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
-> Continue reading Why Outsource your Human Resources? Here are a Dozen Benefits.
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
-> Continue reading Social Media Best Practices for Small Businesses
Internships can be surprisingly expensive for employers. “An internship can, and hopefully will, benefit the company that uses such a program. For example, internships may provide a pool of potential new hires for the company, serve as a source of inexpensive labor, foster a positive public image, and build beneficial relationships with local communities and
-> Continue reading Are You Recouping Your Costs from Summer Interns?
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
-> Continue reading What PEOs Do Throughout the Employee Lifecycle
Focusing on Growth and Value Over the past several years, the Professional Employer Organization (PEO) industry has focused intensively on value generation. That’s what employers want; for example, 80% of employers indicate that their recruitment strategy should emphasize value creation over cost savings. Four out of five recruiters are aiming for their work to have
-> Continue reading 4 HR Outsourcing Trends Heating up in 2019
Pew Research Center defines Generation Z as anyone born in or after 1997. That means this generation is just now beginning to enter the workforce, with more to come as college-bound Gen Zers begin to graduate. What do employers need to know as members of this generation come knocking? 1: They are not just digital
-> Continue reading Is Your Workplace Ready for Generation Z?
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