Zenefits

FEBRUARY 7, 2023

Many organizations opt for an incentive compensation program as part of their total compensation strategy. An effective incentive compensation plan can produce an array of short- and long-term benefits for both employer and employee. What is incentive compensation? Why are incentive compensation plans valuable?

Compensation 52

Compensation Sales Sales Revenue 52

Zenefits

DECEMBER 15, 2022

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?

Insurance 52

Insurance Compensation Administration Accounts 52

Zenefits

FEBRUARY 7, 2023

A compensation philosophy is an integral part of what makes a business tick. Communicating why and how employees will be paid for their labor grows in importance every day for anyone who manages pay for employees. Expectations have changed, and competitive compensation has a vital role to play. What is a compensation philosophy?

Compensation 52

Compensation Compliance Marketing Strategic Planning 52

Zenefits

FEBRUARY 7, 2023

Tracking and evaluating employee compensation metrics matters for maintaining a healthy, viable company. A company’s compensation philosophy plays into the quality of employees it keeps, how difficult retention will be, and how much competition it will face for talent. Understanding total compensation is essential.

Compensation 52

Compensation Metrics Marketing Benefits 52

Zenefits

FEBRUARY 3, 2023

Do you know what job seekers want when it comes to total compensation packages? A total compensation package goes beyond your new hires’ base pay rate. By offering competitive employee compensation , you can attract and retain talent who will help your business thrive. What is an employee compensation package?

Compensation 52

Compensation Insurance Education Accounts 52

Zenefits

AUGUST 30, 2022

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. What are the pros of salary transparency?

Compensation 93

Compensation Administration Onboarding Implementation 93

Zenefits

FEBRUARY 9, 2023

Employers and employees typically don’t ask, “ How does workers’ compensation work ?” Everyone who carries or is covered by workers’ compensation insurance should broadly understand how it works. Everyone who carries or is covered by workers’ compensation insurance should broadly understand how it works.

Compensation 52

Compensation Insurance Benefits Small Business 52

Zenefits

FEBRUARY 7, 2023

And 2 overarching types of compensation are direct and indirect compensation. While direct compensation is more well-known and finite, indirect compensation may boost morale and help with retaining employees. We’ll also look at several indirect compensation examples. What is indirect compensation?

Compensation 52

Compensation Insurance Benefits Accounts 52

Zenefits

FEBRUARY 3, 2023

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.

Compensation 52

Compensation Insurance Benefits Education 52

Zenefits

FEBRUARY 7, 2023

After you have selected the perfect candidate for a position, it’s time to offer the compensation package. This package commonly includes both annual compensation and annual salary. This is all relatively straightforward, but the distinctions between compensation vs. salary are meaningful for both employee and employer.

Compensation 52

Compensation Insurance Benefits Transportation 52

Zenefits

JULY 24, 2022

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.

Compensation 52

Compensation Benefits Administration Assets 52

Zenefits

FEBRUARY 9, 2023

Does your company keep a workers’ compensation insurance policy active in case employees are injured on the job? Whether it’s state-run, privately insured, or self-funded, companies with employees should have a workers’ compensation plan to cover work injuries and work-related illness.

Compensation 52

Compensation Benefits Insurance Hospitality 52

Vantage Circle

SEPTEMBER 8, 2021

As a leader, compensation planning is one of the skills you will need to master. One of the most important aspects of organizational planning is having a compensation plan that rewards employees and provides competitive pay. The bottom line is that the better your compensation strategy is, the better your retention rates.

Compensation 52

Compensation Benefits Retention Compliance 52

AIHR

OCTOBER 24, 2023

This has an impact on decision making, accountability and execution. Job leveling is a system that defines an organization’s roles, corresponding job descriptions, responsibilities, career paths, and compensation ranges. Provides support to the communications management team. Title: Communications Manager I Notes: Mid-level.

Implementation 95

Implementation Compensation Performance Review Recruitment 95

Zenefits

DECEMBER 21, 2022

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.

Accounts 52

Accounts Benefits Retention Insurance 52

AIHR

OCTOBER 27, 2023

What is compensation and benefits? Compensation and benefits refers to the monetary and non-monetary rewards an employee receives from their employer in exchange for their work. Overall compensation is the top factor that job seekers consider when accepting a new job. What is the difference between compensation and benefits?

Compensation 112

Compensation Benefits Insurance Sales 112

AIHR

MARCH 3, 2023

Effective performance management helps organizations ensure that employees understand their roles, receive constructive feedback, and have the support they need to achieve their goals and business objectives. Let’s look at what performance management is, what the performance management process looks like, and some examples.

Performance Management 130

Performance Management Manager Performance Review Metrics 130

15Five

OCTOBER 16, 2018

One of the most common questions we get asked as leadership team coaches is how Objectives and Key Results (OKRs) should be used to determine salary, compensation, or bonuses. It is also the methodology where a coupling of OKRs to compensation can quickly become counter-productive, if not done right. Or does it? Give 15Five a try !

Compensation 51

Compensation Performance Review Metrics Operations 51

15Five

NOVEMBER 15, 2018

You’ve likely already heard that OKRs should not be tightly coupled with employee evaluation and compensation. Once compensation or promotion enters the picture, motivations shift towards less-effective extrinsic goals, like status, money, and self-preservation. Take into account employee behaviors. . Stay away from formulas.

Compensation 45

Compensation Performance Review Accounts Revenue 45

AIHR

JANUARY 25, 2024

Did you know that companies with a strong talent management strategy increase their revenue 2.2x The difference between just managing talent and strategically leveraging it can mark the line between a company’s success and stagnation. Contents What is a talent management strategy? Why is a talent management strategy important?

Manager 71

Manager Metrics Inclusion Retention 71

AIHR

APRIL 1, 2024

This ensures that compensation is commensurate with the worth of individual roles and that each has appropriate entry and performance requirements. Streamlines payroll budgeting: Job evaluation allows you to take a systematic approach for budgeting salaries and wages, helping to manage payroll costs effectively.

Job Analysis 91

Job Analysis Compensation Scaling Marketing 91

AIHR

MARCH 16, 2023

Effective talent management helps organizations win the war for talent and should be a top priority for HR professionals. In this article, we explore the pressing topic of talent management. Contents What is talent management? Why is talent management so important? FAQ What is talent management?

Manager 113

Manager Onboarding Recruitment Implementation 113

15Five

MAY 25, 2020

When is the last time you evaluated your managers’ performance; not by their individual contributions, or even by their teams’ success, but by their ability to coach their people? To further help managers understand what it means to be effective in their roles, it’s vital to provide clarity and expectations of their behaviors.

Manager 74

Manager Performance Review Scaling Accounts 74

Zenefits

JANUARY 6, 2023

Workforce management is a business function that employers perform through their HR department. This article will help you understand workforce management, including how to leverage it to drive positive business outcomes. What “workforce management” means. Performance management. Benefits of workforce management.

Manager 59

Manager Human Resources Staffing Performance Management 59

AIHR

FEBRUARY 2, 2022

Gaining knowledge in the field of Human Resources Management helps you become more strategic in your work. Which are the best Human Resources Management certifications to upskill yourself? Contents 5 key considerations when choosing an HRM certification program Top Human Resources Management certifications 1. Let’s find out!

Human Resources 80

Human Resources Manager Compensation Operations 80

AIHR

SEPTEMBER 21, 2023

The hiring manager is a key figure in any organization’s recruitment process. In this article, we’ll explore the role of the hiring manager, the difference between hiring managers and recruiters, why it is important to cultivate a strong relationship between the recruiter and hiring manager, and how to build one.

Manager 70

Manager Recruitment Onboarding Sales 70

AIHR

FEBRUARY 1, 2024

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.

Compensation 97

Compensation Manager Benefits Compliance 97

AIHR

SEPTEMBER 13, 2023

Vice President, Talent Acquisition Salary : $283,000 – $498,000 Job description A VP of Talent Acquisition oversees a team of talent acquisition specialists tasked with recruiting candidates for executive and management positions. Leadership and management: Guide talent acquisition and recruitment teams to achieve hiring objectives.

Compensation 93

Compensation Human Resources Recruitment Administration 93

AIHR

AUGUST 16, 2023

Mastering effective people management is essential to retain employees, maintain productivity and engagement and boost business performance. Yet, 50% of employees have quit a job to get away from their manager, and 69% of managers often feel uncomfortable communicating with their employees and giving feedback on performance.

Manager 76

Manager Performance Management Retention Team Management 76

AIHR

APRIL 3, 2023

A well-designed salary structure is essential for every organization as it serves as a framework for determining fair compensation for employees. Helps in budgeting and financial planning: A structured salary system helps in managing the organization’s payroll costs and allows for better financial planning. For employees: 1.

Compensation 113

Compensation Job Analysis Education Marketing 113

AIHR

OCTOBER 13, 2022

In this episode of All About HR season 2, we sit down with Virgile Raingeard — CEO @ Figures — to discuss how HR in startups and scaleups can build an inflation-proof compensation strategy. Virgile is an experienced C&B leader whose company is dedicated to helping startups and scaleups build fair and equitable compensation philosophy.

Compensation 52

Compensation Manager Benefits Scaling 52

15Five

JUNE 12, 2023

For example, a hiring manager won’t hire Asian workers because he’s a racist. Bias touches every area of business, from the language used in job descriptions to compensation and who is hired. Accountability What is accountability in the workplace? Has anyone ever asked you to be accountable for your behavior?

Inclusion 100

Inclusion Diversity Accounts Compensation 100

AIHR

JANUARY 5, 2024

Employees needed to be managed at (preferably) low cost. While companies often outsource parts of this process to professional assessment providers, HR (or a talent acquisition team) should manage the process as a whole. Managers can then sit down with their team members and use the form to conduct these appraisals in a structured way.

Human Resources 86

Human Resources Compensation Compliance Organizational Development 86

15Five

NOVEMBER 27, 2018

Unfortunately, effective performance management is a topic fraught with questions: Are ongoing feedback sessions preferable to traditional annual reviews ? Should performance and compensation be discussed separately or together? Culture & Feedback Meet Effective Performance Management. Click To Tweet.

Performance Management 66

Performance Management Manager Compensation Human Resources 66

15Five

DECEMBER 8, 2020

Whether you’re a rookie or have had years of experience, managing people is tough. Every company, team, and direct report is unique, however, certain manager mishaps can be predictable, and therefore, (somewhat) preventable. This will help you with everything from goal setting to compensation decisions and performance reviews.”

Manager 106

Manager Performance Review Sales Management Compensation 106

AIHR

OCTOBER 10, 2023

They also manage the HR staff, overseeing all employee-related initiatives, from recruitment and onboarding to managing performance, promotion, and conducting exit interviews. It covers topics like hiring and retention of employees, employment law and compliance, compensation, and benefits.

Human Resources 103

Human Resources Employee Relations Compensation Recruitment 103

LSA Global

OCTOBER 27, 2022

Does Your Organization Need Better People Leader Time Management? Have you ever gone through the popular new manager training exercise of logging how you actually spend your time day each day as a people leader? This is often the first step in learning how to better manage your time and be a more effective leader.

Manager 36

Manager Deliverables Accounts Compensation 36