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How to Evaluate Your Compensation Plan

Zenefits

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. Is it time to evaluate your company’s compensation package? Total compensation.

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Why is Compensation Planning a Critical HR Process?

Zenefits

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? Why is compensation planning critical for HR?

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Types of Employee Benefits: 12 Benefits HR Should Know

AIHR

Compensation on its own is not enough to engage employees and attract job seekers who now expect more comprehensive rewards for their work. Employee benefits are an indirect form of compensation that organizations provide to their workers through programs, policies, or services. Some employee benefits are country-specific.

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

AIHR

The Benefits Coordinator (sometimes referred to as the Coordinator of Benefits) administers employee benefits like health insurance, retirement plans, wellness programs , and leave policies. They maintain communication with insurance providers, monitor payroll deductions, and revise benefit packages according to employee needs.

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Does Your Employee Benefits Package Need an Overhaul in 2023?

Zenefits

In fact, 88% of job seekers give some if not heavy consideration to jobs that offer the best health, dental, and vision insurance benefits. The basic combination of employee benefits includes retirement plans, life insurance, healthcare plans , vision and/or dental insurance, and PTO. Improve our virtual onboarding experience.

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PEO for Small Business? Yes, Yes, and Why.

Zenefits

In addition to payroll administration, a PEO may administer health insurance and other employee benefits. They can also handle payroll taxes, workers’ compensation coverage, employee onboarding, employee training and development, and more. This can provide employees with greater benefit options at a better price.

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The 2023 Tax Deduction Cheat Sheet

Zenefits

Employee benefits, including 401(k)s , life insurance , childcare , disability insurance, and bonuses. Health and business insurance. Auto insurance for business vehicles. Business , professional, and liability insurance. Workers’ compensation insurance. Malpractice insurance. Automate payroll.

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