article thumbnail

How To Calculate Total Compensation

Zenefits

Total compensation reflects all that employees earn. Sometimes an employee’s salary only accounts for a portion of everything they make. Both employers and employees should be aware of total compensation packages so they can fairly evaluate employee pay. Employers and employees might want to: Check the total annual salary.

article thumbnail

Fluid Organization Design: Putting the “Fun in Fungible”

AlignOrg

Let’s discuss this flexible concept of hiring and staffing, often referred to as fungible talent. They have the freedom to make decisions independently and are accountable for the outcomes of their work. People and Rewards – As you move away from specific job roles, compensation must shift as well. Ready to Learn More?

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

Everything You Need to Know About Workforce Optimization

Zenefits

Though employees should be accountable for their performance, you need to assist them on their path to productivity. Improved staffing, efficiency, and productivity. During busy seasons, you can use WFO to determine whether to bring in additional workers, such as through a staffing agency or contingent workforce. Compensation.

article thumbnail

18 Must-Have Onboarding Documents (+ Free Templates)

AIHR

While it does not carry the legal weight of an employment contract, it does outline compensation and benefits , responsibilities, and start date to help the candidate make an informed decision whether to accept or decline your position. It’s more than just a notification, though. GET TEMPLATE 13.

article thumbnail

PEO Costs: Does PEO Make Sense for Your Business?

Zenefits

They are staffed by professionals specializing in human resources, taxes, compliance law, and accounting. Administer unemployment benefits and workers’ compensation. Workers’ compensation insurance. Many PEOs employ certified employee benefits specialists and certified payroll professionals.

article thumbnail

Workforce Management: Everything You Need to Know

Zenefits

WFM also makes it easier to predict future staffing demands and determine whether staffing cuts are needed. Scheduling involves predicting the organization’s short-term and long-term staffing needs and formulating strategies to fulfill them. Compensation planning. Compensation. No account yet? Mentorship.

Manager 59
article thumbnail

HR Budgeting: Meaning, Importance, and Process

Vantage Circle

It reduces the entire process to only hiring and staffing-related expenses. Recommended Read: A Quick And Simple Guide To Compensation Planning. An HR Budget Helps Organizations Determine Staffing Requirements. HR budgeting helps organizations manage staffing levels by providing a framework effectively. Source - Pexels.