Zenefits

APRIL 13, 2017

The March 2017 Zenefits Small Business Benefits Benchmark Report is now available. Representing data from more than 8,000 Zenefits customers, the report examines how plan types, contributions, premiums, deductibles, copays and out-of-pocket costs differ across regions. Contact a Zenefits Benefits Advisor.

Benchmarking 42

Benchmarking Planning Tools Employee Benefits Zenefits 42

Zenefits

MARCH 14, 2018

Note: this research is based on a sample of Zenefits customers, and not all SMBs in these regions will experience these same cost trends. When looking at geographic data, only in the West does the number of plans (2.13) exceed the national average (1.94) in 2017. However, we can offer tremendous insight into key cost details.

Benchmarking 28

Benchmarking Report Zenefits Planning Tools 28

Zenefits

MARCH 22, 2018

That’s why we’re here to offer our SMB benchmark report– this is fresh Zenefits data, pulled from over 4,000 customers (small businesses with under 100 employees) on what health insurance packages they’re currently offering. Download our full benchmark report below!

Benchmarking 28

Benchmarking Report Zenefits Planning Tools 28

Zenefits

JUNE 23, 2022

To determine their average number of sick days, we examined the most recent data from the Bureau of Labor Statistics (BLS). This data dispels the myth that workers routinely abuse or over-utilize paid sick time,” says the National Partnership for Women & Families. According to the BLS , in March 2021, 79% of U.S. a PTO bank).

Onboarding Software 74

Onboarding Software Staffing Software Survey Payroll 74

Zenefits

FEBRUARY 21, 2019

One of the best places to start is with salary benchmarking. What Are Salary Benchmarking and Compensation Management? People who work in compensation management utilize a pool of data. Much of the data they use comes from a process called salary benchmarking. Why Bring Data Analytics Into Your Payroll Process?

Hiring Software 34

Hiring Software HR Software Payroll Analytics 34

Zenefits

MARCH 14, 2017

If you’re paying for at least 73% of an employee’s premium, you’re on par with small businesses across the country, according to n ew data from the 2017 Zenefits Small Business Benchmark Report. appeared first on Zenefits Blog.

Zenefits 39

Zenefits Benchmarking Report Survey 39

Zenefits

JUNE 29, 2021

Benchmark benefits. To obtain granular information based on your industry and location, you’ll need a customized benchmarking report. Customized benefits benchmarking can deliver insight into employer trends for: Healthcare and welfare plans. Eradicates duplicate data entry and reduces human errors.

Employee Benefits 68

Employee Benefits Planning Tools Hiring Software Onboarding Software 68

Zenefits

JANUARY 23, 2019

In “The City by the Bay,” a small business account manager makes $65,000 per year compared to an account manager in Peoria, Illinois with the same level of experience who makes $52,500 (this is accurate salary data, taken from the Zenefits compensation management tool ). What Can Employers Learn from Salary Benchmarks?

Hiring Software 53

Hiring Software Zenefits Benchmarking Compensation 53

Zenefits

JANUARY 14, 2022

As stated in a Zenefits report , “Managers waste 140 hours a year manually creating schedules for their employees.”. For example, Zenefits scheduling tool lets you: Create and edit shifts for all employees. For instance, Zenefits time tracking tool offers the following: Time tracking for employees, freelancers, and contractors.

HR Software 41

HR Software Hiring Software Planning Tools Onboarding Software 41

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

OCTOBER 20, 2021

In addition: Benchmark data for companies of similar size and in similar locations. Select and enroll in your medical, dental, and vision plans (can be done via mobile if using Zenefits). Zenefits can provide you with tools to make open enrollment smooth sailing for you and your employees. After coverage begins .

HR Planning 78

HR Planning Planning Tools Zenefits HR Software 78

Zenefits

DECEMBER 22, 2021

Where to find compensation data. Look at competitors, market data, and benchmarks. Now that you’ve explored your company’s philosophy, goals, and budget, you’ll have to look at the market and various benchmarks to determine what your company’s pay grades and salary ranges should be. How to make a company-wide plan.

Bonuses and Incentives 36

Bonuses and Incentives Hiring Software Planning Tools How To 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

Zenefits

APRIL 10, 2018

According to 2017 legislation, this April marks the deadline for all UK companies with over 250 employees to release their wage data to the public. In light of National Equal Pay Day, Zenefits examined data from over 1,000 employees and owners of Small and Mid-Sized Businesses (SMBs), defined as having 11-500 employees.

Hiring Software 31

Hiring Software Zenefits HR Software Compensation 31

Zenefits

MAY 9, 2019

Internal job descriptions + external job data = salary benchmarking. If the goal of your business is to promote a happy and engaged workforce, salary benchmarking is an excellent tool to make sure your workers are being paid fairly.

Company 28

Company Benchmarking Zenefits Planning Tools 28

Homebase

DECEMBER 12, 2022

So, it’s a good idea to make that your benchmark and avoid exceeding 20%. Homebase’s practical automations spare you from data entry by automatically calculating hours, breaks, time off, and PTO out of time clock data. With Zenefits’ user-friendly platform, it’s easy to make payroll submissions. More on that later.

Hiring Software 52

Hiring Software Onboarding Software HR Software Planning Tools 52

Zenefits

JUNE 13, 2022

It’s much better to do competitive benchmarking in your industry and location. A good place to start is with the Zenefits Benefits Benchmark Report. This report breaks down health insurance data on businesses with up to 500 employees. Do you need to offer healthcare benefits?

Planning Tools 36

Planning Tools Onboarding Software Payroll Benchmarking 36

Zenefits

FEBRUARY 23, 2022

If you’re not sure where to start in understanding your people’s level of engagement, this is a great way to begin benchmarking. If you’re new to creating engagement surveys, Zenefits’ software also has pre-populated templates that let you: Build. Find areas that require intervention and improvement.

Employee Engagement 41

Employee Engagement Survey HR Software Onboarding Software 41

Zenefits

FEBRUARY 7, 2019

But data suggest this story isn’t true. While salary is an important consideration for any job applicant looking to secure a job, it’s not the only factor, and new data suggests it alone is not the most important factor. . The post The 4 Myths of Hiring Employees for Your Business appeared first on Zenefits Blog.

Hiring Software 40

Hiring Software Hiring Benchmarking Zenefits 40

Zenefits

NOVEMBER 20, 2019

To do this, study benefits benchmark costs, learn which questions to ask your brokers or carriers to ensure your plans match your objectives and discover new ways to offer health insurance that might save you money. Average deductibles. Average employer contributions for health programs. What kinds of plans will be the most affordable?

Planning Tools 28

Planning Tools HR Software Benchmarking Zenefits 28

Zenefits

JANUARY 24, 2019

Paying attention to local salary data is important for both workers and employers. All we can do now is look at the data, ask questions, and in this case, examine our country’s lowest paying cities. (We Each city includes their local averaged salary and a multiplier, that we calculated with a little data crunching.

Hiring Software 31

Hiring Software Zenefits Benchmarking Compensation 31

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

FEBRUARY 24, 2022

Read the Zenefits Benefits Benchmark Report for more great data, trends, and insights. We hope you enjoyed reading these tips to help your HR department create an attractive employee benefits package to meet the growing expectations of your staff. Bookmark( 0 ) Please login to bookmark. Username or Email Address. Remember Me.

Employee Benefits 36

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

TLNT: The Business of HR

APRIL 29, 2015

HR is now being expected not just to catch up but to lead other business functions in being data-driven, in our use of technology, in providing the firm with a competitive advantage and in improving our contribution to making the organization faster, more adaptable and innovative. Who are the benchmark firms that are already leading the way?

Planning Tools 40

Planning Tools HR Software Zenefits Benchmarking 40

Zenefits

OCTOBER 11, 2022

Andrea Derler, Visier’s Principal of Research and Customer Value, says a few simple metrics can make sense of 3 of the biggest trends playing out in the workforce today: talent attraction and retention; diversity, equity, and inclusion; and leader’s data mindset. Leader’s data mindset. Talent attraction and retention.

Metrics 36

Metrics Trends Visier Diversity 36

Zenefits

JANUARY 16, 2019

To do this, use software with reliable and statistically significant data. Make sure it takes into consideration your field, the size of your company, the benchmarks of similar companies, and the details of the role. The post Best Practices for Compensation Comparison appeared first on Zenefits Blog. Set a Pay Range.

Comparison 34

Comparison Compensation Hiring Software Zenefits 34

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

JANUARY 13, 2022

It’s meant to understand overall employee satisfaction and the data can be used in the future to show areas in the company that management can improve in order to increase employee retention and productivity. Since the data collected from these surveys is crucial to the company they should be stored on a secure cloud-based server.

Employee Engagement 69

Employee Engagement Survey HR Software Hiring Software 69

Zenefits

MARCH 13, 2017

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. From offering flexible work schedules to providing lunch once a week, there are countless ways a company can foster an environment of year-round employee appreciation.

Policies 47

Policies Planning Tools HR Software Zenefits 47

Zenefits

MAY 6, 2019

They offer insight into salary benchmarking data that assures business is on point with wages and other benefits, based on the role, the location, and the level of experience and credentialing. The post The Small Business Guide to Hiring Without Asking for a Salary History appeared first on Zenefits Blog.

Hiring Software 37

Hiring Software Background screening Hiring Recruiting Software 37

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.

Onboarding Software 41

Onboarding Software Compensation HR Software Planning Tools 41

Zenefits

JULY 28, 2021

If you bring on a CCP to your business, initially they may spend a lot of time benchmarking. As the organization plans for growth, they provide data to forecast needs and costs. As the organization plans for growth, they provide data to forecast needs and costs. What does a CCP do? Standardization. Parity management.

Compensation 41

Compensation HR Planning Bonuses and Incentives Hiring Software 41

Zenefits

JANUARY 2, 2023

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. Unlike traditional HR, that’s focused more on compliance, POPS is focused on people. You can change and pivot at any time, and you should.

HR Planning 69

HR Planning Planning Tools HR Software Time and Attendance 69

Zenefits

SEPTEMBER 8, 2021

An analysis by Jacob Morgan found that organizations that scored highest on employee experience benchmarks have 4 times higher average profits, 2 times higher average revenues, and 40% lower turnover. Handle employee data. HR and People Ops have overlapping responsibilities , but distinct differences from one another.

Talent Experience 41

Talent Experience HR Planning Hiring Software Retention and Turnover 41

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

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. While these are high-level queries, they’ll ensure you have a benchmark for how the team feels about the company’s direction and general satisfaction.

Employee Engagement 41

Employee Engagement Survey How To Hiring Software 41

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