Zenefits

JUNE 29, 2021

In a 2021 Kaiser Family Foundation survey , “nearly 90% of large employers surveyed believe the cost of providing health benefits to employees will become unsustainable in the next five-to-10 years.” Benchmark benefits. This will give you a solid grasp of what other employers are paying for employee benefits.

Employee Benefits 68

Employee Benefits Planning Tools Hiring Software Onboarding Software 68

Zenefits

AUGUST 3, 2022

We know what employees want, generally, when it comes to benefits. Better health insurance coverage, generous paid time off and vacation days, retirement benefits, and professional development opportunities all rank highly regarding job satisfaction and retention. But what benefits do employees hate ?

Employee Benefits 36

Employee Benefits Retention and Turnover Retirement Benchmarking 36

PlanSource

APRIL 9, 2019

Employee benefits are complicated, to say the least. With more options than ever before, an overwhelming amount of information and confusing HR lingo, it’s no surprise that 50% of employees don’t understand their benefits. Many employees are either scared away by the actual plan name (and can you blame them?

Employee Benefits 66

Employee Benefits Planning Tools Retirement HR Software 66

HRExecutive

OCTOBER 31, 2023

Thanks to record-high inflation last year, rising interest rates, flat wage growth and other economic factors, employers now say their top concern about employee financial wellness is the high cost of living, according to a recent survey by the Employee Benefit Research Institute. “It’s the No. 1 position.

Wellness 117

Wellness Retirement Coaching Survey 117

Zenefits

AUGUST 30, 2022

For example, consider the most in-demand benefits: In 2022 , 88% of employees wanted health insurance benefits, 82% wanted retirement-related benefits, and 52% liked the idea of financial but non-retirement benefits. A sound life insurance policy continues to be a desired employee benefit.

Employee Benefits 36

Employee Benefits HR Planning Policies Retirement 36

Workable

FEBRUARY 17, 2023

When people think of employee compensation, it’s usually the base salary of a position that initially comes to mind. However, total compensation includes employee benefits and perks. Some organizations use a combination of benchmarking and pay grades to establish compensation structures.

Compensation 118

Compensation Hiring Software Recruiting Software Staffing Software 118

Zenefits

AUGUST 24, 2022

Bottom line: if your employees aren’t happy with their benefits, it increases the chances of them accepting a stronger offer from your competitor. You can prevent this by conducting employee benefits satisfaction surveys and making feasible adjustments based on the results. Which 3 benefits do you need the most?

Employee Benefits 36

Employee Benefits Survey Hiring Software Onboarding Software 36

Zenefits

FEBRUARY 24, 2022

According to a Glassdoor survey, 57% of job candidates claim that perks and benefits are some of their top considerations when weighing a job offer. Spend a bit of time and money building an employee benefits package that makes your employees happy and naturally more productive. MetLife’s U.S. Username or Email Address.

Employee Benefits 36

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

EmployeeConnect

SEPTEMBER 12, 2022

This will assist you in keeping both managers and employees intact. Your company should conduct annual salary surveys and benchmark the salaries. Encourage Employee Feedback. Encourage employee feedback and work on the issues highlighted by them. Otherwise, it can build resentment among the employees.

Compliance Training 245

Compliance Training Workforce Planning Trends Benchmarking 245

HR Lineup

FEBRUARY 1, 2024

It forms the foundation of an employee’s compensation package and is often influenced by factors such as experience, education, and market rates for similar roles. Market Research and Benchmarking One crucial factor in determining compensation is conducting thorough market research and benchmarking.

Compensation 61

Compensation HR Planning HR Software Bonuses and Incentives 61

Zenefits

FEBRUARY 23, 2021

Technology is making remarkable strides across the employee benefits landscape. A 2019-2020 survey found that the vast majority of organizations are utilizing a benefits application in some shape or form. Commonly, benefits administration is governed by: Employee Retirement Income Security Act (ERISA).

Hiring Software 36

Hiring Software HR Software Onboarding Software Planning Tools 36

HR Daily Advisor

JUNE 2, 2017

Department of Labor (DOL) investigation of an employer-sponsored retirement plan may originate in a variety of ways. It’s not uncommon for the regulatory agencies that oversee retirement plans to disclose new initiatives aimed at ensuring that employees’ benefits are protected. appeared first on HR Daily Advisor.

Retirement 43

Retirement Benchmarking Employee Benefits Payroll 43

Zenefits

NOVEMBER 17, 2022

Keep employees healthy. employers provide healthcare plans ( 59% ) and many offer other practical benefits, like retirement plans. Since benefits can be good for employers and workers, why bother offering perks? Perks are generally “nice to have” offerings that “go above and beyond” traditional benefits.

Employee Benefits 36

Employee Benefits Bonuses and Incentives Hiring Software Onboarding Software 36

Extensis

JANUARY 4, 2024

A wave of seasoned leaders are retiring, and with just 10% of the population being natural leaders , many successors will require training to help them reach their potential in their new roles. This guidance can greatly benefit clients, as effective leadership can inspire teams, enhance company culture, and drive innovation.

HR Trends 105

HR Trends HR Planning HR Software Trends 105

HR Bartender

JUNE 19, 2017

(Editor’s Note: Today’s post is sponsored by Massachusetts Mutual Life Insurance Company (MassMutual), a leading provider of insurance, annuities, retirement plans, and other employee benefits. Think of it as benchmarking or best practices. Many congratulations to them. Enjoy the post!) .

Talent Experience 322

Talent Experience Planning Tools Recruiting Software HR Software 322

Extensis

JANUARY 17, 2024

According to the Society for Human Resource Management’s (SHRM) new benchmark research , the average cost of recruitment is nearly $4,700 per hire. They also should detail employee benefits , life insurance , and retirement plans. In contrast, conditions generally include passing drug and background screenings.

Hiring Software 109

Hiring Software Background screening Hiring HR Planning 109

Decusoft

APRIL 1, 2021

Employee benefits can account for as much as 70% of an organization’s overall costs, according to Deloitte analysis. Compensation administration has an effect on an enterprise, which includes business leaders and administrators, stakeholders , and employee engagement. Compensation Strategy: Benefits . Matching 401k.

Compensation 98

Compensation Bonuses and Incentives Strategy HR Planning 98

Analytics in HR

DECEMBER 22, 2023

Think of a compensation package as a bundle of rewards creatively put together to recognize employees’ contributions and inspire their best work. This is more than an employee’s monthly salary. Paid time off (PTO) : Generous PTO policies can significantly improve employee wellbeing and productivity.

Compensation 82

Compensation Bonuses and Incentives HR Software Hiring Software 82

HRsoft

OCTOBER 19, 2020

Budget allocation determines how much the organization has to dedicate to employee pay, and how much of that budget will be spent on base salary versus benefits and other incentives. Compensation and benefits professionals use salary ranges to benchmark jobs within their industry to create structures for paying their employees.

Compensation 59

Compensation Planning Tools Bonuses and Incentives Benchmarking 59

Extensis

JANUARY 4, 2024

A wave of seasoned leaders are retiring, and with just 10% of the population being natural leaders , many successors will require training to help them reach their potential in their new roles. This guidance can greatly benefit clients, as effective leadership can inspire teams, enhance company culture, and drive innovation.

HR Trends 52

HR Trends HR Planning HR Software Trends 52

HRsoft

MAY 16, 2019

Budget allocation determines how much the organization has to dedicate to employee pay, and how much of that budget will be spent on base salary versus benefits and other incentives. Compensation and benefits professionals use salary ranges to benchmark jobs within their industry to create structures for paying their employees.

Compensation 79

Compensation Planning Tools Bonuses and Incentives Benchmarking 79

Analytics in HR

JULY 31, 2023

As a department, it is responsible for managing HR activities from recruitment and onboarding, compensation and benefits, learning and development, performance management, and employee relations to separation or retirement. Human Resources is the department in a company that handles everything related to its employees.

HR Planning 57

HR Planning Resources Hiring Software Onboarding Software 57

Extensis

JANUARY 17, 2024

According to the Society for Human Resource Management’s (SHRM) new benchmark research , the average cost of recruitment is nearly $4,700 per hire. They also should detail employee benefits , life insurance , and retirement plans. In contrast, conditions generally include passing drug and background screenings.

Hiring Software 52

Hiring Software Background screening Hiring HR Planning 52

Decusoft

MAY 20, 2021

Compensation audits can help measure benefits program participation, employee engagement , and salary structure. . Let’s look at some of the other advantages of a compensation analysis : Salary benchmarking provides companies with an unbiased view of sustainable pay that helps them to make rational decisions.

Analysis 96

Analysis Compensation HR Planning Bonuses and Incentives 96

Tandem HR

MARCH 8, 2022

Access to large group employee benefits. Benefits administration, billing, and claims assistance. It’s easy to retain information and remain compliant with information systems that take you through the entire employment lifecycle, from recruiting through retirement. Employee Assistance Program (EAP).

Hiring Software 59

Hiring Software HR Software Recruiting Software Onboarding Software 59

PeopleStrategy

SEPTEMBER 17, 2019

Financial benefits : The traditional financial benefit is to help employees save for retirement in the form of a 401(k) or 403(b). Benchmarking your benefit offerings. Providing clear evidence of how great your benefits package is to both current employees and prospective hires is critical.

Hiring Software 100

Hiring Software Talent Experience HR Software HR Planning 100

ForUsAll

MAY 18, 2018

Between payroll, medical benefits, recruiting, reviewing employee performance, evaluating office policies, or building employee handbooks, you’re probably swamped. HR professionals often take on numerous duties relating to the company retirement plan. Has your company benchmarked 401(k) plan fees lately?

HR Planning 49

HR Planning Benchmarking Retirement Compliance 49

Zenefits

JULY 6, 2022

However, when it comes to workplace retirement plans, many employers are skeptical about whether or not a cryptocurrency investment option is appropriate. But amidst the Great Resignation , some employers are eager to take the chance and offer something different for retirement savings. Simplify benefits administration.

Planning Tools 36

Planning Tools Retirement Onboarding Software HR Software 36

Zenefits

FEBRUARY 7, 2023

Internal equity Internal equity means you provide the same level of compensation to all employees who fill comparable positions or use similar skill sets to perform the same jobs or similar ones. Employees’ perceived equity The way your team perceives equity is vital. Health benefits. Retirement benefits.

Compensation 36

Compensation Hiring Software HR Planning Bonuses and Incentives 36

PlanSource

MAY 20, 2019

2019 Benefits Benchmark Report. We’re excited to announce the 2019 Benefits Benchmark Report! We analyzed over 92 benefit elections that have taken place in the PlanSource system to establish this year’s top trends in employee benefits, benefits enrollment and more.

HR Planning 40

HR Planning Retention and Turnover Benchmarking Harassment 40

ForUsAll

JUNE 6, 2019

As Carol points out, “The Employee Retirement Income Security Act (ERISA) says every plan must have at least one named fiduciary… If no one is specified as the default named fiduciary in the plan documents, the business owner or the board is on the hook.”. But first: What does a fiduciary do in a retirement plan? The best part?

Hiring Software 94

Hiring Software Planning Tools Retirement Interview Software 94

Insperity

OCTOBER 14, 2021

Known as “ people analytics ,” these data-driven insights can improve the way you do business and provide clear benchmarks for improvement moving forward. Whether an employee is promoted, retiring or your company is going into a growth mode, succession planning is vital to ensuring your business can keep moving forward, despite changes.

HR Planning 87

HR Planning Compensation Retention and Turnover Human Capital Management 87

Decusoft

APRIL 13, 2021

This benefits package can include things like health insurance, a retirement plan, and paid time off (PTO), life insurance, overtime pay, perks, profit sharing, stock options, and any bonuses or variable incentive pay. The best strategy for executive total compensation is unique to every business.

Compensation 105

Compensation Hiring Software Planning Tools Assessment Software 105

PlanSource

MAY 6, 2019

See what some employers are doing to change this troubling trend on Employee Benefit Adviser. How candidates and employees perceive the employer brand permeates every interaction they have with the organization. But what’s in store for the benefit’s future? 6 Ways To Prevent Misuse Of Employee Benefits.

HR Planning 40

HR Planning Employer Branding Hiring Software Benchmarking 40

Analytics in HR

MARCH 22, 2023

Conduct a market analysis for the job offer Conducting a market analysis typically includes researching salary and benefit trends for your industry and region, analysing competitor job offers and based on your research, creating a competitive compensation and benefits package.

Background screening 87

Background screening Bonuses and Incentives HR Software Hiring Software 87

HR Daily Advisor

SEPTEMBER 24, 2018

We know a well managed 401(k) can help employees plan for retirement, but what do 401(k)’s do for employers? Rowe Price Retirement Plan Services Inc. Rowe Price Retirement Plan Services Inc. Rowe Price’s retirement and financial education team, which conducted the study with T.

HR Planning 43

HR Planning Retirement Talent Acquisition Metrics 43

Bayzat

APRIL 5, 2024

Offering Competitive Compensation Packages Compensation and benefits refer to the monetary and non-monetary rewards that employees receive in exchange for their work. Salaries, bonuses, health insurance, and retirement benefits are all examples of compensation and benefits.

Hiring Software 52

Hiring Software Video Recruiting Talent Experience Recruiting Software 52