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How to Evaluate Your Compensation Plan

Zenefits

Wages rose more than 10% from May 2021 to May 2022. Wages rose more than 10% from May 2021 to May 2022. Benefits and other programs beyond wages account for an average of 31.2% of total compensation, according to the Bureau of Labor Statistics. Improve our virtual onboarding experience. Benchmarking.

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What Is the Average Number of Sick Days in the U.S.?

Zenefits

According to the BLS , in March 2021, 79% of U.S. Per the BLS , 77% of private sector workers had access to paid sick leave in March 2021. Improve our virtual onboarding experience. Improve our virtual onboarding experience. While the BLS’ analysis is a reliable benchmark, it would be a mistake to solely rely on it.

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Are Your Employees Eligible for Student Loan Debt Forgiveness?

Zenefits

Since 2021, there has been an 11% spike in worker financial stress. In fact, between 2021 and 2022, financial wellness benefits shot up from the 3rd most desirable benefit to the 1st. Considering that the average student debt in 2021 was around $30,000 , many employees will still need help, even if a portion is canceled.

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What You Need to Know About Providing Healthcare Benefits in 2022

Zenefits

The advisory firm reports the average employer cost in 2021 was $13,360 per employee. If you self-insure, you will still be accountable for complying. Improve our virtual onboarding experience. Improve our virtual onboarding experience. It’s much better to do competitive benchmarking in your industry and location.

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7 Worst Employee Benefits

Zenefits

Ensuring that employees are clear about their benefits should be a priority and can be addressed during onboarding, after performance reviews, or at annual staff meetings. Improve our virtual onboarding experience. Improve our virtual onboarding experience. Benchmark your benefits and offer benefits workers love.

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Should I Hire a Business Consultant for My Small Business?

Zenefits

Business consulting services are often applied to: Accounting. In another study , 30% of small businesses brought on IT experts in 2021, followed by marketing consultants, legal advisory consultants, and financial advisory consultants. Or need to improve cash flow processes in your accounting department? No account yet?

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How Much Should You Raise Salaries to Match Inflation?

Zenefits

You can use a benchmarking tool like Zenefits which offers real-world salaries to better understand your company’s wages. Improve our virtual onboarding experience. Improve our virtual onboarding experience. since 2021. Despite a substantial increase from the mean 2021 salary increase of 2.8%, there is a 21% difference.