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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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Is an Open Compensation Policy a Good Idea?

Zenefits

To increase trust and improve transparency, some companies adopt an open compensation policy. Here are a few of the big advantages that come with an open compensation policy. Hard numbers in the form of an open compensation policy give employees something to work toward. Simplify benefits administration. Increased equity.

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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? Assists you in hiring top talent.

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5 Steps to Choosing the Right Employee Engagement Software for Your Business

15Five

However, onboarding the wrong software can result in wasted resources and a minimal impact on key engagement metrics such as retention, absenteeism, and turnover. With a wide range of employee engagement platforms on the market, we’ve drilled down the five steps you need to take to evaluate and onboard the right solution for your business.

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Lifestyle Spending Accounts: Everything You Need to Know

Zenefits

We’ll shed light on lifestyle spending accounts (LSAs) — a health and wellness benefit that’s been floating under employers’ radar, until recently. What are lifestyle spending accounts and how do they work? A lifestyle spending account is a taxable, employer-funded benefit designed to support employee health and wellness.

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PEO for Small Business? Yes, Yes, and Why.

Zenefits

This article will explain what PEOs are and discuss how they help small businesses meet the challenges of HR administration with limited resources. Professional employer organizations provide payroll services and handle other administrative HR tasks for companies, usually small or midsize businesses. What is a PEO?

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7 Human Resource Management Basics Every HR Professional Should Know

AIHR

Compensation and benefits 6. The HR department aims to provide the knowledge, tools, training, legal advice, administration, and talent management crucial to supporting and advancing the company. workforce consisted of contingent workers; today, they account for 35%. Contents What is Human Resource Management? The 7 HR basics 1.