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Why Your Organization Should Use Salary Benchmarking

Harvard Business Review

A key solution lies in salary benchmarking — using aggregated market data to establish competitive pay rates. payroll processing company revealed that access to robust benchmarking tools doubled the probability of firms setting the “right” salary. Recent research in collaboration with a leading U.S.

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What You Need to Know About Providing Healthcare Benefits in 2022

Zenefits

When it comes to benefits, healthcare is at frequently the top of the list. Forty percent of employees surveyed chose healthcare benefits over competitive salaries, retirement plans, or bonuses. In a competitive job market, health benefits are more important than ever. Adjust for changes in government programs.

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What Is the Average Number of Sick Days in the U.S.?

Zenefits

Civilian workers include all private-sector employees and individuals employed by state and local governments. The chart below shows how many workers have access to employer-sponsored benefits, including paid sick leave. According to SHRM’s 2022 Employee Benefits Survey : 96% of employers offered paid sick leave. a PTO bank).

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Pay Transparency: Experts Weigh in on What HR Can Do

AIHR

Contents Why HR should prepare for pay transparency The benefits of pay transparency The pitfalls of pay transparency How HR can help prepare the organization for pay transparency. As an HR professional, you are uniquely placed to help your leadership team understand the importance and benefits of pay transparency.

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What You Need to Know about 401(k) Plans and Cryptocurrency

Zenefits

However, world governments and financial regulators consider crypto to be a digital asset, not a real currency. For those who manage employee benefits , it’s important to know that the primary benefit of adding cryptocurrency into a 401(k) plan is also its downfall: its high volatility. Simplify benefits administration.

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Affordable Care Act Requirements for 2022-2023

Zenefits

Health insurance is one of the most critical decisions an employer or employee can make — but 56% of employees spend less than 30 minutes evaluating benefits. Essential health benefits should not have a dollar limit. Clinical evidence should govern health coverage limitations. Simplify benefits administration.

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10 Practical And Effective Change Management Tools And Resources In 2022

Walk Me

Who Can Benefit From Change Management Resources? Staff at every level will implement change when they feel incentivized to do so after seeing the benefits to themselves and their company. When staff sees the benefits of change, a company can benefit from change management tools in many ways, such as:-. Conversion.