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Employee Compensation vs. Employee Benefits Packages – Which is More Important?

Talentia

Employee Compensation vs. Employee Benefits Packages – Which is More Important? September 29, 2023 Home With the surge in remote and hybrid work in recent years, the workforce is rethinking their approach towards pay and benefits. What is employee compensation? Reimbursement program offerings (i.e:

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6 Workforce Metrics with Significant Financial Impact

UKG

CFOs are seeking out data on absences for sickness or injury, varying rates of absence across multiple worksites, average lengths of time off, and other wellness-related data that was previously thought of as more the domain of human resources. Lost-time injuries per employee. Paid time off and leave requests. Compliance.

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New UKG Ready Enhancements Bound to Make a Splash this August

UKG

Where to find it: Suite Experience Release Notes Who will use it: Managers and Admins Time Summary Benchmark Coming to our People Insights module – the Time Summary Benchmark – is an exciting new feature that allows your managers to look at the amount of overtime their employees are working and validate it against industry data.

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10 Employee Benefits Stats You Can’t Ignore In 2020

PlanSource

A quick internet search will yield plenty of results for searchers seeking up-to-date facts and statistics about the current state of employee benefits. We’ve cut through the noise with 10 thought-provoking employee benefits stats to consider for your 2020 planning. It might be time for a refresh. via PlanSource ).

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Consequences of Outdated Employee Benefits Systems

Zenefits

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. Without proper tools to self-manage their benefits, employees will lean heavily on HR. Time and attendance.

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What Is Human Resources?

Analytics in HR

Employee participation and communication – HR delivers relevant and timely information to employees. Maintaining open and honest communication fosters an environment of trust and support, which is vital to employee retention. They even permit their workforce to work on their projects for 20% of their time.

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4 PEO Services That May Surprise You

Extensis

However, PEOs provide so many more services than just employee benefits and payroll – some of which may surprise you. Here are four PEO services you may not know exist and how they can benefit your business. PEOs can also perform salary benchmarking and compensation analysis. Recruiting services. Compliance training.