Zenefits

FEBRUARY 7, 2023

Due to the complexity of factors associated with employee compensation , it’s vital to know how to use market data to develop appropriate pay structures and identify pay inequities. Factors included in this analysis are: Regional salary data. National salary data. Using collected data to make pay structure decisions.

Compensation 36

Compensation Analysis HR Planning Planning Tools 36

Zenefits

DECEMBER 29, 2021

With each gap, compare data from compensation benchmarking tools to determine how much you’ll have to spend to attract needed talent. Compensation benchmarking provides pay transparency and equality which employees enjoy — especially if it applies to promotions. You might end up having to pay more for more urgent roles.

Payscale 36

Payscale Strategy Hiring Software Bonuses and Incentives 36

Homebase

DECEMBER 12, 2022

So, it’s a good idea to make that your benchmark and avoid exceeding 20%. For instance, there might be an issue with bringing in foot traffic or figuring out your best-selling products. Researching new, in-demand products you could bring into your shop. Optimal payroll-to-sales ratios vary between industries. More on that later.

Hiring Software 52

Hiring Software Onboarding Software HR Software Planning Tools 52

Zenefits

FEBRUARY 24, 2022

Spend a bit of time and money building an employee benefits package that makes your employees happy and naturally more productive. A recent Indeed.com career development guide listed why having a great benefits package makes your company more competitive: Improves employee focus and productivity. Product and services discounts.

Employee Benefits 36

Employee Benefits Bonuses and Incentives Wage and Hour Training Planning Tools 36

Zenefits

JANUARY 13, 2022

Employee engagement increases both employee satisfaction, but also has been shown to boost productivity and the bottom line. Pulse surveys should be used for things like understanding how well a new policy is being received or how launching a new product is going. But how can you best measure employee engagement?

Employee Engagement 69

Employee Engagement Survey HR Software Hiring Software 69

Zenefits

FEBRUARY 9, 2021

It’s making sure they have all the tools they need to be successful, to assure they grow and develop, and to leverage the best available tech for strategic data analysis. It’s making sure they have all the tools they need to be successful, to assure they grow and develop, and to leverage the best available tech for strategic data analysis.

HR Software 71

HR Software Hiring Software HR Planning Onboarding Software 71

Zenefits

MARCH 25, 2019

Here are the three main things to remember: Get data-driven. While it can be hard to know where to start, the best thing you can do is benchmark your absence and disability management programs against industry competitors. Rely on regular reporting your data internally so you can identify trends and improve problem areas.

Zenefits 28

Zenefits Compliance Benchmarking HR Software 28

Zenefits

SEPTEMBER 8, 2021

When an employee feels motivated, they’re 43% more productive. When an employee feels motivated, they’re 43% more productive. Those who have a positive employee experience are more productive — and help improve customer relations too. Handle employee data. Maintain policy and compliance.

Talent Experience 41

Talent Experience HR Planning Hiring Software Retention and Turnover 41

Zenefits

MAY 29, 2022

You can use a benchmarking tool like Zenefits which offers real-world salaries to better understand your company’s wages. Data like job descriptions, geography, and industry can inform you of how much you should increase your employees’ salaries. Employees feel appreciated and respected when their salaries are increased.

Onboarding Software 41

Onboarding Software Compensation HR Software Planning Tools 41

Zenefits

MARCH 13, 2017

Protects the business from drops in productivity. Set benchmarks or standards for expected use of the policy (e.g., Set benchmarks or standards for expected use of the policy (e.g., Watch the trends and track your PTO data. appeared first on Zenefits Blog. Create a culture where employees enjoy coming to work.

Policies 47

Policies Planning Tools HR Software Zenefits 47

Zenefits

MARCH 11, 2021

Electronic Data Interchange (EDI), to enable fast communication with insurance carriers. Benchmarking tools, to compare your benefit offerings with your competitors’. Do free or discounted products come with restrictions? What steps are taken to ensure data security and privacy? Do they market new products to users?

Assessment Software 69

Assessment Software Onboarding Software Planning Tools HR Software 69

Zenefits

JANUARY 2, 2023

If there’s a different way that your products or services can be marketed to reach new groups, why not try something new? People ops is all about data and automation. Automating menial tasks like data collection can free up their time to be spent elsewhere. Look at benchmarks you didn’t meet and why.

HR Planning 69

HR Planning Planning Tools HR Software Time and Attendance 69

Zenefits

JUNE 14, 2021

But as noted in the aforementioned SHRM article, “ those data points generally lag the actual onset of a downturn.” You can obtain data that’s not only closer to the recession but also more specific to your business by partnering with a recruiter who understands your industry. Decreased payroll growth.

HR Planning 61

HR Planning How To HR Function Analysis 61

Zenefits

FEBRUARY 23, 2021

A 2019 report by Ernst & Young revealed the cost per data entry for the following benefits enrollments tasks: Obtaining or distributing plan documents and summaries — $14.16. Remember, that’s cost per data entry. With repetitive data entry, these costs can add up to a significant amount. Issues with data integrity.

Hiring Software 36

Hiring Software HR Software Onboarding Software Planning Tools 36

Zenefits

JULY 24, 2022

Helps employees maintain high productivity levels. Fair compensation is a key driver of staff productivity. A compensation plan will help ensure fair payment and maximize productivity. Conduct a market analysis to benchmark salaries. Promotes employee loyalty. The goal is to establish a clear, objective pay structure.

HR Planning 36

HR Planning Compensation Talent Experience Guidelines 36

Zenefits

MAY 15, 2018

Understanding and benchmarking engagement gives you the ability to improve performance, and that starts with asking the best questions in an employee engagement survey. Many businesses want to capture how their team feels about compensation, productivity, or whether that workplace wellness program is having an impact.

Employee Engagement 41

Employee Engagement Survey How To Hiring Software 41

Zenefits

AUGUST 3, 2022

The right combination of benefits and perks can boost employee productivity and retain top talent. Use employee engagement surveys and feedback surveys , as well as benefits usage data, to figure out what employees would appreciate. Benchmark your benefits and offer benefits workers love. Ask your employees what they want.

Employee Benefits 36

Employee Benefits Retention and Turnover Retirement Benchmarking 36

Zenefits

JUNE 17, 2019

In this article we walk the basics of employee turnover, including how to calculate it, industry benchmarks, and how we can use turnover rates to better understand business or economies at large. Businesses often calculate their rate of employee turnover as a means of predicting impact to productivity, customer service, or even morale.

Hiring Software 34

Hiring Software Onboarding Software Onboarding Zenefits 34

Zenefits

FEBRUARY 1, 2021

If performance reviews or evaluations are an essential part of your promotion process, ensure the categories and benchmarks considered are relevant to all workers. Track decisions with data. Think about how each employee could reach the threshold and decide if there are barriers to doing so. Re-evaluate your performance reviews.

Hiring Software 36

Hiring Software How To Planning Tools Handbook 36

Zenefits

APRIL 25, 2022

According to recent data, job satisfaction went from its lowest rate of 42% in 2010 to 56% in 2020. Data collection is crucial as it informs businesses when workers are dissatisfied. While many companies may think their culture is inclusive, recent data shows that most U.S. In response to employee feedback.

Policies 36

Policies HR Planning HR Software Onboarding Software 36

Zenefits

NOVEMBER 17, 2022

Raise productivity. Badouix not only recommends surveys and interviews with employees but also benchmarking with similar companies to find out what else is resonating with workers. Here are 5 strategies for harnessing cutting-edge incentives for 2023: Use data to determine in-demand perks. Reduce employee turnover.

Employee Benefits 36

Employee Benefits Bonuses and Incentives Hiring Software Onboarding Software 36

Zenefits

JULY 9, 2022

Hard data is evidence that the pay gap is real. Data for wage disparities is reported largely along racial and gender lines, with most of the emphasis on pay inequities between women and men. Data also shows gains and losses in disparate earnings due to economic changes and natural disasters. What does 2022 pay data show?

Wage and Hour Training 36

Wage and Hour Training Onboarding Software Background screening Staffing Software 36

Vantage Circle

SEPTEMBER 11, 2023

Enhanced Data Analytics Many employee benefits platforms offer advanced data analytics tools to help organizations gain insights into their benefits programs. This includes metrics such as enrollment rates, claims data, and employee feedback. Compatibility is key to streamline processes and avoid data discrepancies.

HR Software 52

HR Software Planning Tools Onboarding Software Hiring Software 52

Zenefits

DECEMBER 22, 2021

You can utilize compensation benchmarking tools to inform your talent costs. Bureau of Labor Statistics, you will need to dig further for more meaningful data. A more reliable solution is to leverage compensation benchmarking tools like Indeed, Glassdoor, Salary.com, LinkedIn Salary, or Zenefits. Productivity.

Compensation 36

Compensation Planning Tools Bonuses and Incentives Hiring Software 36

Zenefits

JANUARY 31, 2022

Benchmark positions, meaning jobs with similar duties, are the best sources for comparing salaries across positions. We recommend using industry benchmarks. Benchmark positions, meaning jobs with similar duties, are the best sources for comparing salaries across positions. This process is called compensation benchmarking.

Payroll 36

Payroll Hiring Software Wage and Hour Training HR Software 36

Zenefits

JUNE 29, 2022

But a large IT firm that handles sensitive data will likely need cyber insurance, worker’s compensation, and professional liability insurance, among other options. Not every general liability policy includes protection against product liability damage, so be sure to check the fine print. Prior claims. Cyber Liability Insurance.

Onboarding Software 36

Onboarding Software Policies Hiring Software Compensation 36

Zenefits

JUNE 4, 2020

Online data sets offer benchmarks for every position and industry, but setting a single amount isn’t enough. What if the Little Rock programmer is more productive or the quality of work is higher — even if all credentials are the same? Managing compensation is always a balancing act. They found that remote employees work 1.4

Compensation 56

Compensation Benchmarking Study Hiring 56

Zenefits

FEBRUARY 1, 2023

Quantitative measurements, on the other hand, use precise metrics and data points to indicate how well the manager is meeting predefined goals. Employee satisfaction data: When managers perceive their employees enjoy their jobs and are eager to complete tasks, they view it as a personal success.

Retention and Turnover 36

Retention and Turnover How To Metrics Compliance Training 36

Workable

DECEMBER 14, 2020

Silicon Valley has figured out how to build great products and turn them into successful business models. Methodologies have emerged like Lean Startup, agile product development and growth hacking. This pays off handsomely in productivity and morale. If you can get great people then everything else becomes so much easier.

Video Recruiting 154

Video Recruiting Hiring Software Interview Software Recruiting Software 154

Zenefits

NOVEMBER 16, 2021

Benchmarking. The report includes workforce demographic data, including job categories, race/ethnicity, and sex. General Data Protection Regulation (GDPR). A data privacy regulation established by the European Union (EU) that strives to protect the personal data of EU residents. Behavioral-Based Interview.

HR Planning 36

HR Planning HR Software Hiring Software Wage and Hour Training 36