HR Strategy

Where Did 4 Million Workers Go and What Are They Doing?

Merito Group | January 03, 2022

Workforce News
The Great Resignation era of workers are returning to the workforce but not as originally imagined.

"With new priorities and values, Americans are searching for a new job or a new career, which also means becoming an entrepreneur. Companies are shifting their policies to better accommodate hybrid or remote work schedules, as well as bonuses to retain current employees and to hire new ones, Entrepreneurship has always been part of the American spirit. But with so much uncertainty in the past few years, these Covid-preneurs want more control over their future."

- Carolyn Thompson, CEO of talent acquisition and consulting services company Merito Group


Employers, especially those in strained industries such as transportation and finance, are fighting to keep current employees and compete to grab candidates within the same industry who may have quit another company.

The latest report from the Census Bureau's Business Formation Statistics shows that nearly 1.4 million applications have been filed to form new businesses likely to hire employees. Since 2018, new business applications filed per week averaged 67,000, but since June 2021 that number has skyrocketed to 100,000 new business applications per week. Thompson, an entrepreneur herself.

About Merito Group:
A US-based, certified woman owned company, Merito Group is a talent acquisition consulting firm providing excellence in outsourced solutions. The team of experienced Executive Recruiters has thousands of successful placements under their belt because they take the time to get to know you, your company, division, or department's needs as well as our candidates' personal interests and goals through a thorough in-person interview process. Blending corporate needs with candidates' desires make the right match more attainable for all parties.

Spotlight

A PEO, or professional employer organization, is an all-in-one, full-service HR outsourcing solution for small and midsized businesses. The PEO takes on complicated, time-consuming tasks across benefits, HR, compliance, payroll, tax and more – giving you the freedom and confidence to spend more time where your business needs you most. A PEO makes it simpler and more cost-effective to grow your business. ADP TotalSource is the nation's largest full-service, all-in-one PEO.


Other News
Employee Experience

Workhuman Elevates Employee Recognition with New Microsoft Teams App

Workhuman | September 25, 2023

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Payroll

BambooHR’s New Payroll Experience Benefits Admin Solutions

BambooHR | September 13, 2023

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Workers Compensation

LaborIQ and Paycor Unveil Compensation Solutions Referral Partnership

Paycor | September 18, 2023

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Workforce Management

Beeline Transforms Extended Workforce Management with New Products

Beeline | September 15, 2023

Beeline, a leading technology solutions provider for overseeing the global extended workforce, has unveiled two new products designed to tackle workforce challenges that were previously unaddressed in the industry. These innovations, known as Beeline Professional and Global Workforce Intelligence, represent a significant step forward in the management of extended workforces. With a wealth of experience spanning over twenty years, Beeline has played a notable role in shaping the evolution of the extended workforce industry. In recognizing two major shortcomings within the industry—vendor management systems (VMS) primarily catering to large enterprises and the untapped potential for talent visibility and compliance—Beeline has launched these additions to the Beeline Extended Workforce Platform. Beeline Professional has been crafted to meet the specific needs of emerging and expanding extended workforce programs. It stands as the first VMS solution that can be effortlessly activated, featuring pre-configured templates, workflows, dashboards, and reports modeled after the best-in-class programs. Beeline Professional brings scalable extended workforce management, automation, and efficiency to companies with annual non-employee labor expenditures ranging from $1 million to $25 million. Doug Leeby, Beeline's CEO, stated, For far too long, extended workforce solutions have catered to enterprises and ignored the unique needs of mid-sized programs. Using insights from over the last 20+ years in the industry, Beeline Professional is uniquely tailored to meet the core needs of mid-sized programs without compromising quality and innovation. [Source: PR Newswire] Up until now, achieving complete visibility across an organization's entire extended workforce has been a challenge for enterprises. Global Workforce Intelligence, however, offers a solution by aggregating data not only from the company's VMS but also from other systems housing external workers that are not captured in the VMS. This comprehensive workforce visibility enables thorough accounting, analysis, and proactive risk management across the entire extended workforce spectrum. Importantly, Global Workforce Intelligence is compatible with any VMS, not limited to Beeline's. Extended workers play a crucial role in an organization's overall workforce and talent strategy. Beeline's mission is to empower companies to gain a competitive edge by optimizing their extended workforce. The introduction of these two innovative products marks another milestone in Beeline's journey toward fulfilling this mission. About Beeline For over two decades, Beeline has been a competitive force in empowering global businesses to gain an edge in the industry through effective management of their extended workforce. The Beeline Extended Workforce Platform equips companies with the essential visibility needed to proactively mitigate risks, achieve cost savings, and adapt to evolving business needs. Beeline specializes in delivering tailored solutions that specifically address the intricate challenges posed by the extended workforce. Clients benefit from a diverse range of Beeline products, designed to cater to their unique requirements. Through seamless integration capabilities, Beeline's clients can effortlessly consolidate their extended workforce data from various technology platforms, including major procurement and HR systems, enabling a comprehensive approach to workforce management.

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Spotlight

A PEO, or professional employer organization, is an all-in-one, full-service HR outsourcing solution for small and midsized businesses. The PEO takes on complicated, time-consuming tasks across benefits, HR, compliance, payroll, tax and more – giving you the freedom and confidence to spend more time where your business needs you most. A PEO makes it simpler and more cost-effective to grow your business. ADP TotalSource is the nation's largest full-service, all-in-one PEO.

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