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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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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. More government intervention. Improve our virtual onboarding experience.

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What You Need to Know About Providing Healthcare Benefits in 2022

Zenefits

Adjust for changes in government programs. Companies also need to be aware that several government programs have expired. If you self-insure, you will still be accountable for complying. Improve our virtual onboarding experience. Improve our virtual onboarding experience. No account yet? Automate payroll.

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What Do Payroll Reports Cover? Everything You Need to Know

Zenefits

Payroll reporting is a mandatory business requirement and a core activity for accounting and HR teams. Payroll reports are documents containing essential employee, team, and department information and are used to verify tax and accounting details. Improve our virtual onboarding experience. What are payroll reports? Back to Vote.

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What Is Compensation Management and What’s HR’s Role in it?

AIHR

Is your compensation management approach helping or hurting your organization in the talent war? In a recent LinkedIn Talent Solutions report , compensation was ranked as the #1 top priority for candidates worldwide. In this article, we’ll explore the ins and outs of compensation management and why it matters.

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Cost of Living vs. Cost of Labor — Is There a Difference?

Zenefits

Cost of living: a government-based metric using economic factors that look at how people spend money to live their day-to-day lives. These calculations are going to result in a significant government expense. Active government employees may receive COLAs as well. Improve our virtual onboarding experience.

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Penalties for Benefits Noncompliance

Zenefits

Then – nearly 100 years after the first retirement plan began – the federal government stepped in to regulate employee benefits through ERISA. Establish rules for reporting benefits information to the government and disclosing plan information to participants. Improve our virtual onboarding experience. Retirement.