Acquisition of national professional employer organization advances Paychex PEO growth

Paychex, Inc., a leading provider of integrated human capital management solutions for small- to medium-sized businesses, today announced the acquisition of HR Outsourcing Holdings, Inc. (HROI), and all of its operating subsidiaries, which have been conducting business since 2001. HROI is a national professional employer organization (PEO) that provides human resource solutions to small and medium-sized businesses in more than 35 states. The acquisition expands Paychex’s leadership position in the HR outsourcing business. Paychex currently serves more than one-million worksite employees across its suite of HR outsourcing solutions, more than any other HR services provider dedicated to serving small and mid-sized businesses. “This acquisition represents Paychex’s continued focus on growth – both in revenue and in PEO solutions for our clients. The combination of Paychex’s experience, knowledge, and resources with the experience and fast-paced growth of HROI positions us to have an even stronger presence in the industry,” says Martin Mucci, Paychex president and CEO.

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Worker Confidence Index Report: Second Quarter 2017

The Worker Confidence Index (WCI) dropped significantly in the second quarter to 99.7 - the same level for this time last year. Of the four components of the WCI, only job stability rose, while likelihood of promotion and likelihood of a raise both dropped.  The Trust in Company Leadership index also declined, but remained higher than one year ago. Respondents under the age of 44 grew more confident about their job stability, while older respondents also remained more confident in their job security.  In findings similar to one year ago, higher income employees reported having the most job security. And, all of this happened as the gross domestic product has increased. What else does the report reveal that impacts HR?  Find out by downloading the report with these options below: Click here to download the full report Continue reading →

HRO Today Announces 2017 Recognition Baker’s Dozen Rankings

August 17, 2017 – Philadelphia, PA – HRO Today has announced its 2017 Baker’s Dozen Customer Satisfaction Survey rankings for recognition.  The rankings were revealed on August 17, 2017, via video announcement on YouTube and live posts on Twitter. To determine the rankings, HRO Today collects feedback through an online survey that is distributed both directly to buyers through HRO Today’s mailing lists and indirectly by sending service providers the link to send to their clients.  Responses are scored for each provider that has a statistically significant sample, and 10 survey responses are required from seven client companies in order to qualify for the top 13 companies. Results are analyzed across three subcategories:  breadth of service, deal size, and service quality.  Using an algorithm that weighs questions and categories based on importance, scores are calculated in all three subcategories and for the overall score. The rankings for the overall score category are:
  1. Achievers
  2. Rideau Recognition, Inc.

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2017 HRO Today Baker’s Dozen: Employee Recognition

HRO Today’s Baker’s Dozen rankings are based solely on feedback from buyers of the rated services; the ratings are not based on the opinion of the HRO Today staff. We collect feedback annually through an online survey, which we distribute both directly to buyers through our own mailing lists and indirectly by sending service providers the link to send to their clients.

Once collected, response data are loaded into the HRO Today database for analysis to score each provider that has a statistically significant sample. For this survey, we required 10 responses from seven companies. We reached out to more than 30 providers of recognition programs.

In order to determine an overall ranking, we analyze results across three subcategories: features breadth, deal sizes, and quality. Using a predetermined algorithm that weighs questions and categories based on importance, we calculate scores in all three subcategories as well as an overall score.

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A Closer Look

More economic growth is projected, but how do global unemployment rates fare now?

By The Editors

To explore international labor markets, companies must first consult global labor market data. PeopleScout, a global provider of RPO, MSP, and total workforce solutions, has partnered with HRO Today to produce quarterly reports that compile current international labor market figures, including measures such as national gross domestic product (GDP) and unemployment rates over time, from countries across the globe. This data reveals critical information about the state of the talent pool, working conditions, and recruitment needs of various countries and regions. It is an essential tool for predicting fruitful locations for expansion and recruitment, allowing multinational companies to stay competitive in talent acquisition.

In 2017, global economic growth is projected to accelerate moderately by 2.

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Worker Confidence is Up, Up, and Away!

More employees are concerned about job loss, but those with security are feeling flush.

By The Editors

Worker confidence continued its upward trend in the first quarter of 2017. The Worker Confidence Index (WCI) from HRO Today and Yoh Recruitment Process Outsourcing reports an increase to the highest level since the study’s inception in 2014, up 3.1 points to 107.6 in the first quarter, which is 10.9 points higher than one year ago. Two of the four components of the WCI—the likelihood of promotion and likelihood of a raise—rose by more than nine points in the first quarter of 2017, while job stability and trust in leadership slightly declined. 

However, there is a dichotomy in worker confidence. Those feeling secure about their jobs are thriving, but an increasing percentage (up 3.3 points from last year) of workers are concerned about losing their job.

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Elton John, HR and Employee Engagement

What do I do to make you want me? What have I got to do to be heard? What do I say when it’s all over, And sorry seems to be the hardest word?

Actually, retention is a sad, sad situation for HR. And, for you hiring managers when “lightning strikes you” and an employee “is not there,” it isn’t because HR is not doing enough retention programming. The answer to the question of why people are leaving may be lurking in the mirror. 

We have, again, reached the part of the year when HRO Today magazine looks at the issues of employee recognition, engagement, and retention. There are hundreds of articles online about HR strategy for engagement. You can find a lot written about the overwhelming impact of the relationship between an employee and their direct superior. There are also hundreds of articles about the impact of social recognition and on how to coach leaders to improve engagement.

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Halfway There

I write this month’s article on a plane heading to London for the HRO Today Services and Technology Association EMEA board meeting. As usual, I people watch when I travel; I’m always curious to see how people interact, respond to situations, and behave. Maybe it’s the HR person in me, or maybe I’m just curious. It’s interesting to watch the “middle-seat” people approach their aisle and anxiously look to see who they are stuck with on either side as they maneuver to settle in for the long trip.

It is difficult to believe that we are already halfway through 2017. Every year, it seems like times moves faster and faster, giving us the feeling that we have less time to finish all of things we want to accomplish. So, I thought this was a good time to reflect on some of our accomplishments this year. Our monthly committee meetings have done a nice job of providing a project list for us to work on, keeping us on track, and ensuring that we continue to enhance and strengthen our association.

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Maritz Motivation Solutions Introduces the Engagement Potential Index

 ST. LOUIS, MO., Aug. 17, 2017 – Maritz Motivation Solutions has launched the Engagement Potential Index (EPI), a new and innovative assessment for executives and HR practitioners to measure their company’s current culture and engagement potential against industry benchmarks. The EPI is a tool to understand your culture and identify areas for improvement; develop a tailored roadmap for the success of engagement programs; and benchmark and assess progress within your company.

“Employee engagement is a recognized key performance indicator of thriving organizations.  Unfortunately, global employee engagement is at an alarming low rate, costing employers millions of dollars. We designed the EPI as an innovative assessment that gives you the information you need to understand how your culture is wired to boost employee connection and commitment,” said Kimberly Lanier, vice president of employee engagement at Maritz Motivation Solutions.

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Belden Partners with Cielo to Continue Excellence in Talent

St. Louis, Missouri – August 8, 2017 – Belden Inc. (NYSE: BDC), a global leader in signal transmission solutions for mission-critical applications, announces its partnership with Cielo, the world’s leading strategic recruitment process outsourcing (RPO) partner. In the company’s ongoing efforts to attract and retain world class talent, Cielo’s dedicated recruitment teams will find the best candidates that will help Belden lead the way to an interconnected world. Cielo will have responsibility for Belden’s full time salaried hires and will support Belden’s Early Career Leadership Program, the company's global university recruitment and development initiative. “Investing in talent is not only a priority for Belden, it’s one of our values. We take great pride in filling over 75% of our top positons with internally-developed talent and having retention of our talent pool in excess of 95 percent worldwide,” said Dean McKenna, senior vice president, human resources at Belden.

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