article thumbnail

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?

article thumbnail

How to Ensure Your Pay Practices Are in Compliance With Pay Disclosure Laws

Zenefits

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. But pay gaps by some accounts are widening. How to get your pay practices in compliance.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Supreme Guide to Sales Compensation in 2023 (With Plan Examples) 

AIHR

Are you looking to create a sales compensation plan for your company? organizations spend more than $800 billion each year to manage their sales force, with $200 billion devoted solely to compensation. Contents What is sales compensation? Sales compensation is a critical aspect of B2B organizations. Almost 80% of U.S.

article thumbnail

Compensation Philosophy: The “Why” Behind the Paystub

Zenefits

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.

article thumbnail

Payroll Form Savvy for Compliance and More

Zenefits

This information usually includes wages, bonuses, deferred compensation, and tips. Using certain payroll forms is required for legal and HR compliance. Easy access is useful for preparing such items as an accounting or tax statement, responding to an audit, and more. Why are payroll forms important?

article thumbnail

Your Compensation Strategy: What to Consider for a Well-Balanced Approach

Zenefits

What is your company’s compensation strategy ? All sizes of companies can benefit from determining and outlining how they compensate employees for their work and the reasons behind those policies. A solid compensation strategy will specify a pay system incorporating both monetary and nonmonetary remuneration.

article thumbnail

HR Fast Facts: Workers’ Compensation Insurance

Zenefits

Please note that in the “monopolistic” states of Wyoming, North Dakota, Washington and Ohio, Worker’s Compensation insurance is a payroll tax, and is administered by the state itself. Brokers cannot assist in managing or administrating workers’ compensation in these states. No account yet? Remember Me.