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HR vs. Payroll: What’s the Difference?

Zenefits

Payroll and HR often work together, but seeing where the line gets drawn can be challenging. With small teams, HR can handle payroll, making the lines even blurrier. If your organization has two separate departments or you want to create them, it’s time to learn the difference between payroll and HR. What are HR functions?

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Employees Want Better Benefits, Study Shows They're Willing to Leave Current Job for Better Retirement Options

Guideline

One of the top reasons small business employees leave jobs is to get access to better benefits and retirement options, according to a new study by Zenefits. Here are a few companies that help with compensation management: Anaplan Glassdoor Zenefits 2. Check out retirement plans that specifically cater to smaller firms.

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M&A Friday! This Week’s HR Deals

Advos

Slack confirms it has raised $250 million at $5 billion valuation amid growing competition. BenefitVision Joins US Retirement & Benefits Partners. HR and Payroll Technology Leader Ultimate Software Forms Multi-Year Partnership with Miami HEAT. 7Geese Announces a Partnership With Zenefits to Make Performance Reviews Easier.

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What California Employers Need to Know About the 2022 Retirement Plan Deadline Mandate

Zenefits

To help California employees save for retirement, the state of California passed legislation requiring private sector employers in California to offer a qualified retirement plan. California’s retirement plan mandate: Background. California’s retirement plan mandate: Background. CalSavers: Employer obligations.

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The Retirement Landscape in New York, New Jersey, and Connecticut Is Changing: What Businesses Should Know

Zenefits

America’s retirement landscape is changing. Pensions are largely disappearing from the private sector, and the future of Social Security is unclear — making it difficult for many employees of small to medium-sized businesses to save for retirement. Choosing a retirement benefits package.

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No Excuse Savings; The Godfather of Zenefits Payroll on 401(k)s

Zenefits

Whether you’re new to the workforce or simply researching how to optimize your retirement, James Brown, the Godfather of Zenefits Payroll, is here to answer your most pressing questions in bite-sized form. If the employee is at least 50 years old, that contribution limit increases to a $24,000 annually.

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How To Calculate Total Compensation

Zenefits

Seasonal businesses usually grant the profit share at season’s end, while year-round businesses might do it quarterly or when the fiscal year closes. Most jobs include at least some PTO, and many have lots of PTO. The most common retirement plan for employers to provide is a 401(k), but there are other options.