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How to Evaluate Your Compensation Plan

Zenefits

Whether you are recruiting new employees or focusing on employee retention , a solid compensation plan is key to finding and keeping top-quality employees. That means a regular review of your compensation package should be a top priority. Is it time to evaluate your company’s compensation package? Total compensation.

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How Compensation Analysis Shapes Competitive Compensation Plans

Zenefits

To provide employees with fair and desirable compensation, savvy companies routinely conduct a compensation analysis. By identifying the right compensation strategy, you can establish a competitive pay structure to help attract and retain talent. What is compensation analysis? Why is compensation analysis important?

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Compensation Issues: 6 Problems to Control

Zenefits

HR professionals and hiring managers often walk a fine line when it comes to employee compensation issues. If you are involved in the hiring process, you’ve probably already faced challenges with compensation structure and pay levels for existing and new hires. 2, 2022, that average hourly earnings were up 5.1%

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CEO Survey: Bonuses Will Take A Hit In 2023

Chief Executive

According to data from our CEO & Senior Executive Compensation Report for Private U.S. Bonuses 2022 followed suit for many, as growth out of the pandemic continued. Some 20 percent of senior executives (not CEOs) are projected to see a weaker bonus this year, compared to only 7 percent who saw their bonus fall in 2022.

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Why is Compensation Planning a Critical HR Process?

Zenefits

With such a large expense account for employee compensation , a solid compensation strategy is a no-brainer. Proper compensation planning is essential to ensuring you are rewarding the right people for the right input. What are vital considerations in compensation planning? Why is compensation planning critical for HR?

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Affordable Care Act Requirements for 2022-2023

Zenefits

Here is what we know about Open Enrollment for the 2022-2023 period. When is Affordable Care Act Open Enrollment for 2022-2023? Open Enrollment for 2023 begins on November 1, 2022, and ends on January 15, 2023. Some states have exceptions, based on their 2021-2022 period, including: California — November 1-January 31.

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What You Need to Know About Providing Healthcare Benefits in 2022

Zenefits

Let’s take a look at some of the emerging trends and what you need to know about providing competitive healthcare benefits in 2022. However, spending is expected to reach pre-pandemic levels in 2022. The Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Payroll Protection Program ended in 2022.