Zenefits

FEBRUARY 7, 2023

Some of these benefits options became hot topics following what’s now referred to as the Great Resignation. In its wake emerged the need to attract new talent in order to compensate for ongoing labor shortages. But it’s still important to have a robust compensation package to help secure new hires to fill your open positions.

Compensation 52

Compensation Cash Flow Accounts Education 52

Zenefits

JUNE 7, 2022

Inflation is not only fueling price increases; it’s also requiring employers to pay more in penalties for not complying with benefits laws under the Employee Retirement and Income Security Act of 1974 (ERISA). History of benefits compliance. Employers have been offering employee benefits since the late 1800s. Retirement.

Benefits 98

Benefits Compliance Insurance Administration 98

Zenefits

FEBRUARY 7, 2023

A compensation philosophy is an integral part of what makes a business tick. Expectations have changed, and competitive compensation has a vital role to play. In the current climate, employers are particularly dependent on salary survey data to determine what kind of compensation package to offer job candidates.

Compensation 52

Compensation Compliance Marketing Strategic Planning 52

Zenefits

JULY 24, 2022

Depending on the organization, labor costs, including salaries, wages, benefits, and related taxes, can constitute as much as 40% of the total budget. With such a large expense account for employee compensation , a solid compensation strategy is a no-brainer. What are vital considerations in compensation planning?

Compensation 52

Compensation Benefits Administration Assets 52

Refresh

SEPTEMBER 30, 2022

Benefits, however, will gain less ground as only 50% of businesses anticipate their offerings to increase compared to 2021, according to a survey from The Harris Poll commissioned by Express Employment Professionals. Yet a fifth of companies (20%) feel there will not be a change to their wages for the remainder of 2022.

Benefits 105

Benefits Compensation Transportation Staffing 105

Zenefits

JUNE 28, 2022

Health insurance is one of the most critical decisions an employer or employee can make — but 56% of employees spend less than 30 minutes evaluating benefits. Here is what we know about Open Enrollment for the 2022-2023 period. When is Affordable Care Act Open Enrollment for 2022-2023? on wages or compensation for high earners.

Compliance 59

Compliance Insurance Benefits Advertising 59

Zenefits

MAY 4, 2023

Employee benefits are a major cost for employers, recently accounting for 29.5% of the total compensation for workers in private industry.¹ It’s crucial that these benefits be administered correctly. For these reasons and more, many large and small businesses rely on benefits administration outsourcing providers.

Administration 52

Administration Benefits Compliance Small Business 52

Zenefits

AUGUST 25, 2022

However, 2 factors make it a challenging endeavor: Overspending on staff compensation can leave your young business cash-strapped down the road. Without a solid compensation strategy, your business may never get off the ground. While attracting top talent in the seed stage is possible, you need to be creative with your compensation.

Benefits 52

Benefits Compensation Cash Flow Engineering 52

Zenefits

AUGUST 3, 2022

We know what employees want, generally, when it comes to benefits. Better health insurance coverage, generous paid time off and vacation days, retirement benefits, and professional development opportunities all rank highly regarding job satisfaction and retention. But what benefits do employees hate ? Employee-paid benefits.

Benefits 52

Benefits Insurance Retention Benchmarking 52

Chief Executive

DECEMBER 20, 2022

A January 2022 Conference Board C-Suite Challenges Survey reported that the primary internal business challenge facing senior leaders is the attraction and retention of talent. This is juxtaposed against a more recent October 2022 KPMG survey that reported that nearly nine out of 10 CEOs expect a recession in the next 12 months.

Compensation 97

Compensation Variable Costs Retention Fixed Costs 97

Vantage Circle

DECEMBER 7, 2022

Recognizing and appreciating employees has benefits beyond money and morale. PERKS, BENEFITS, AND COMPENSATION. Perks, benefits, and compensation might seem unconnected as influencers of employee engagement. But it is the perks and benefits that ensure engagement.

Employee Engagement 97

Employee Engagement Diversity Onboarding Benefits 97

AIHR

FEBRUARY 9, 2022

Updated February 10th, 2022. But how do you know which HR blogs are worth following and subscribing to in 2022? If you’re interested in compensation and benefits , compliance, or people management, Paycor’s blog is a great resource to follow. The post 25 HR Blogs to Subscribe to in 2022 appeared first on AIHR.

Recruitment 98

Recruitment Compliance Inclusion Human Resources 98

15Five

NOVEMBER 10, 2021

As Scott Hamilton, global managing director for the human resources and compensation consulting practice at Gallagher told CNBC: “This is one of the most complex labor markets in recent memory. Sure, most of us need a paycheck and good health benefits — that is still important. This is the purest realization of human potential.”.

Employee Engagement 98

Employee Engagement Compensation Recruitment Software 98

Zenefits

NOVEMBER 17, 2022

A look at why employers offer perks, along with traditional benefits, may help explain what anti-perks are. Businesses also know that offering benefits and perks pays off in attracting, hiring, and retaining workers. employers provide healthcare plans ( 59% ) and many offer other practical benefits, like retirement plans.

Benefits 52

Benefits Insurance Compensation Administration 52

AIHR

FEBRUARY 2, 2022

Topics covered in this program include: Compensation Labor relations Driving engagement Training and development Employee performance. You’ll gain in-depth knowledge in dispute resolution, compensation, organizational behavior, and leadership strategies.

Human Resources 78

Human Resources Manager Compensation Operations 78

AIHR

NOVEMBER 1, 2022

Human resources specialists perform specific HR functions like recruitment, training and development, compensation and benefits, rewards, and employee relations. Compensation and benefits. Compensation and benefits specialists handle employees’ compensation and benefits. Employee relations.

Human Resources 120

Human Resources Compensation Recruitment Employee Relations 120

Zenefits

AUGUST 15, 2022

The government wants to make sure that everyone — not just highly-compensated employees — gets to participate in a meaningful way. The IRS has set up a series of what it calls “nondiscrimination” tests that are designed to measure whether a 401(k) plan unduly favors highly compensated employees. New 401K Safe Harbor Plans.

Compensation 59

Compensation Small Business Accounts Government 59

Walk Me

OCTOBER 11, 2022

Talent management systems contained within HCM software exist to support companies in managing leadership development, performance, and compensation management. Compensation management. The best human capital management software allows HR staff to analyze and visualize compensation management data via digital payroll processing tools.

Software 52

Software Manager Workflows Digital Transformation 52

Vantage Circle

DECEMBER 21, 2022

The benefits an engaged workforce brings are hard to ignore. Read our blog on: Employee Promotion: The Types, Benefits, & Whom to Promote. Healthcare benefit is also an attractive incentive for new joiners and good for retention. The ROI is determined by: ROI = (profit per dollar invested in social compensations/ wages).

KPI 105

KPI Employee Engagement Recruitment Retention 105

Zenefits

DECEMBER 1, 2022

Pay disclosure mandates will likely gain traction in more jurisdictions, which means employers must be ready to change their compensation policies and even their recruitment practices, if necessary. What’s your biggest 2022 HR challenge that you’d like to resolve. Simplify benefits administration. Automate payroll.

Compliance 95

Compliance Compensation Benefits Government 95

Zenefits

JULY 8, 2022

On June 17, 2022, the Supreme Court voted 5-3 to reverse Roe vs. Wade , thus ending 50 years of federal support for abortion access and reproductive rights in the United States. For HR managers and small business owners, the reversal affects employee healthcare access, insurance plans, and potential benefits packages.

Benefits 52

Benefits Travel Insurance Accounts 52

Zenefits

JANUARY 8, 2023

In 2022, we saw a glimpse of what the new post-pandemic normal looked like in the workplace. The Great Resignation may be waning as the flexible scheduling and compensation strategies are now helping HR professionals retain their employees. What were major HR trends in 2022? In 2022, this included: Out-of-the-box compensation.

Small Business 52

Small Business Compensation Human Resource Information Systems (HRIS) Recruitment 52

Association Now Workplace

JUNE 15, 2022

One of those reports, “ What Workers Want 2022: The State of Work and Career Success ,” looks at some of the top concerns of those in the workforce. Benefits Matter. Finally, workplace benefits do matter. This suggests that benefits packages may be a deciding factor in whether to stay or go. What Workers Want.

Benefits 124

Benefits Human Resources Nonprofit Travel 124

Refresh

AUGUST 24, 2022

More than a quarter report they are offering remote work (27%) and/or offering better benefits (e.g., Seventy-one percent of businesses also report they have modified benefits in the hopes of retaining current employees or attracting new ones. Four in five U.S. more paid time off, flexible hours, etc.) (27%). Roughly 71% of U.S.

Marketing 112

Marketing Compensation Benefits Advertising 112

Zenefits

SEPTEMBER 3, 2022

Employment attorneys are often asked whether the Portal-to-Portal Act deems specific activities as compensable. These days, questions also revolve around whether workplace measures taken to fight COVID-19, such as the time employees spend in daily health screenings at the start of the day, are compensable.

Compensation 52

Compensation Travel Banking Benefits 52

AIHR

NOVEMBER 13, 2023

Gallup, 2022) When employees are engaged, they’re more likely to remain loyal to their organization. Owl Labs, 2022) Employee mobility is high, suggesting that many are seeking better opportunities or more fulfilling roles elsewhere. Lattice, 2023) Compensation is an essential part of employee experience.

Inclusion 94

Inclusion Diversity Retention Compensation 94

Refresh

SEPTEMBER 16, 2022

With 25.9%, the top answer to the monthly poll was “Compensation too low,” followed by “Lack of necessary skills for available jobs,” with 17.2%. Lack of benefits” (1.9%). Job Insights for the Second Half of 2022. Canada Job Insights for the Second Half of 2022. The results may surprise you. With another 12.9%

Transportation 96

Transportation Advertising Compensation Manager 96

Chief Executive

NOVEMBER 29, 2022

According to fresh data from Chief Executive ’s annual research on the compensation plans and strategies of over 1,800 U.S. But the increasing investment in technology and automation is likely to do far more than just reduce labor costs, and allows for new business models, faster scaling and a host of other long-run benefits.

Revenue 98

Revenue Compensation Scaling Advertising 98

Zenefits

AUGUST 23, 2022

Saving for retirement is a top priority for many employees, and a 401(k) plan is a benefit that many seek out from their employers. Keep reading to find out all about a unique type of plan — called the Safe Harbor 401(k) plan — and how it can benefit your employees and business. Simplify benefits administration. Listen: ??.

Small Business 52

Small Business Benefits Accounts Assets 52

AIHR

APRIL 23, 2023

A 2022 ADP survey found that 64% of Americans surveyed would think about looking for a new job if they had to return full-time to the office. A compelling EVP considers important elements, including benefits, opportunities for growth, work-life balance, and organizational culture. Benefits also play a crucial role.

Retention 101

Retention Compensation Onboarding Performance Management 101

Walk Me

OCTOBER 26, 2022

Companies achieve many benefits when they measure employee productivity, such as personal development, goal setting, and creating a positive culture. . The Benefits Of Measuring Employee Effectiveness . There are many great benefits of measuring employee effectiveness for your business and each employee.

Metrics 52

Metrics Digital Transformation Change Management Manager 52

Zenefits

JUNE 18, 2022

On May 31, 2022, the Seattle City Council unanimously passed a minimum wage ordinance for over 40,000 app-based delivery drivers in Seattle. per hour in 2022. The legislation makes clear that “the City intends to ensure that all workers can benefit from the protections of Seattle’s labor standards.”

Compensation 52

Compensation Compliance Administration Insurance 52

Zenefits

MAY 29, 2022

Now, read on to discover more about salary trends of 2022. Once you’ve crossed these off your list, it will be easier for you to communicate with employees about salary increases, benefits, and packages. That doesn’t mean you have to miss out on talent, because work is no longer about compensation. Answer to see the results.

Compensation 59

Compensation Benefits Accounts Administration 59

15Five

MAY 31, 2023

Jennie was featured in HR Executive Magazine for being a 2022 HR Rising Star , an honor accorded to only six of a record pool of applicants. She won for leading the development of a compensation philosophy and program designed to attract, motivate, and retain talented employees who are highly engaged and high-performing.

Performance Review 89

Performance Review Benefits Compensation Manager 89

Zenefits

DECEMBER 12, 2022

While companies reaped the benefits of lower operating costs with workers in remote settings, many feel the tradeoff of not being in person is no longer worthwhile. There are many benefits to allowing workers to do their job from home for staffers and for business. Health benefits are important for retention.

Retention 64

Retention Compensation Benefits Marketing 64

Zenefits

SEPTEMBER 6, 2022

If an employee “regularly receives a predetermined amount of compensation each pay period,” whether weekly, bi-weekly, or monthly, they are a salaried employee. Helix said the former employee qualified for the federal law’s “highly compensated employee” exception to premium pay. Highly compensated employee overtime question.

Compensation 59

Compensation Administration Energy Onboarding 59

AIHR

JULY 10, 2023

Compensation and benefits : HR managers oversee compensation and benefits programs, ensuring competitiveness in the market, managing payroll, and administering employee benefits packages. 68,370 per year is from base pay, and $11,693 is through additional compensation such as cash bonuses and/or profit sharing.

Human Resources 85

Human Resources Manager Compliance Employee Relations 85