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Benefits Administration Outsourcing: Might It Be Right for You?

Zenefits

Employee benefits are a major cost for employers, recently accounting for 29.5% of the total compensation for workers in private industry.¹ It’s crucial that these benefits be administered correctly. For these reasons and more, many large and small businesses rely on benefits administration outsourcing providers.

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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.

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Benefits Coordinator Job Description: Salary and Job Responsibilities (with Examples)

AIHR

In today’s fast-paced and competitive business environment, a skilled Benefits Coordinator is vital for employee wellbeing and satisfaction. According to a Qualtrics report, employees who are satisfied with their salaries and benefits are 13% more likely to continue working for their current employer for 3+ years.

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How to Evaluate Your Compensation Plan

Zenefits

In today’s tight labor market, you must offer competitive wages and benefits. 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.

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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.

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Your Ultimate HR Compliance Checklist for 2024

AIHR

This includes employment areas such as recruitment and hiring practices, compensation and benefits , workplace safety, employee classification, records retention, non-discrimination and anti-harassment policies , and labor relations. Compensation and benefits Payroll: Ensure tax compliance related to withholdings and reporting.

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Why is Compensation Planning a Critical HR Process?

Zenefits

Depending on the organization, labor costs, including salaries, wages, benefits, and related taxes, can constitute as much as 40% of the total budget. With such a large expense account for employee compensation , a solid compensation strategy is a no-brainer. What are vital considerations in compensation planning?