article thumbnail

How To Calculate Total Compensation

Zenefits

Total compensation reflects all that employees earn. Both employers and employees should be aware of total compensation packages so they can fairly evaluate employee pay. Employers must budget for all that’s included within an employee compensation package , and they must also compose competitive offers.

article thumbnail

Workforce Management: Everything You Need to Know

Zenefits

They risk the administering government agency penalizing them for noncompliance if they don’t. WFM also makes it easier to predict future staffing demands and determine whether staffing cuts are needed. The organization’s current and future staffing needs, along with its capacity to meet them, also play a role.

Manager 59
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

Time Off Request Form Template + How-To Guide

AIHR

Because time off is such a crucial part of compensation and benefits packages, it’s important to effectively manage how employees request and receive it. This is part of your employees’ compensation package ; let them use and enjoy it. A well-crafted time off request form is the key to coordinating how and when employees take time off.

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. If a PEO is contracted, the taxes are paid to the PEO which then pays the taxes to the government.

article thumbnail

6 Common HR Challenges and How to Approach Them

Vantage Circle

This is one of the top priorities of a human resource specialist; compliance with government rules. Approach : To ensure this, all HR teams must continuously refer to the governing corporate rules in their respective country. Compensation. The compensation is an area that HR personnel gets questioned most frequently.

article thumbnail

What is HR Analytics? All You Need to Know to Get Started

AIHR

Here are links to three of them: Case Study 1 : Key Drivers of Retail Sales Performance Case Study 2 : Reducing Workplace Accidents Using People Analytics Case Study 3 : How We Determined Optimal Staffing Levels Key HR metrics HR metrics are essential data points for tracking human capital and measuring the value of HR initiatives.

article thumbnail

Payroll Challenges to Overcome in 2023 and Beyond

Zenefits

Compensating diverse and distributed workforces. Keeping up with payroll regulations is getting even more challenging, because federal, state, and local governments are enacting new payroll laws at a faster rate. Compensating diverse and distributed workforces. Changing payroll regulations. Technology for payroll. Hours worked.