Zenefits

JUNE 7, 2021

Payroll is a significant and recurring employer expense, which can cut into the profit margin if improperly managed. The key is to not overspend or underspend on payroll — and a payroll budget is essential to achieving this objective. But what should you put in your small business payroll budget? Base wages and salaries.

Payroll 41

Payroll Bonuses and Incentives Assessment Software Planning Tools 41

CCI Consulting

JULY 12, 2023

Essentially, HR audits are an efficient tool used to improve processes like recruitment, retention, onboarding, training, salary and compensation, payroll, performance management, and many more common practices within an HR department.

HR Planning 52

HR Planning HR Software Harassment Wage and Hour Training 52

Extensis

JULY 13, 2023

Though health and retirement savings benefits continue to lead the pack, modern offerings like flexible work environments and extended leave policies are gaining more traction. Retirement savings and planning are a close second SMBs are still focused on including retirement savings plans as part of their compensation packages.

Employee Benefits 89

Employee Benefits Survey Planning Tools Hiring Software 89

HR Lineup

FEBRUARY 2, 2023

They have access to proprietary market data and use sophisticated analytics tools to benchmark pay levels and design competitive compensation programs. This includes advising on equity-based and non-equity incentives, as well as deferred compensation and retirement benefits.

HR Software 52

HR Software Compensation Benchmarking Analytics 52

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

SEPTEMBER 14, 2022

Retirement : 401(k), matching contributions, pensions. Automate payroll. Automate payroll. Benchmarking. This will require you to do a little research to benchmark your business against current conditions. If you outsource your payroll to a company, you may want to check and see if it offers benchmarking services.

Compensation 41

Compensation Planning Tools Benchmarking Retention and Turnover 41

Extensis

APRIL 20, 2023

In fact, SHRM’s new benchmark research reveals the average cost of recruitment is nearly $4,700 per hire. SMBs must consider not only the direct costs of salaries and benefits , but also the indirect costs like payroll taxes , insurance premiums, retirement contributions , and other benefits like paid time-off and flexible work arrangements.

Recruiting Software 98

Recruiting Software Hiring Software Assessment Software Onboarding Software 98

Tandem HR

MARCH 8, 2022

While every PEO differs, they generally all provide: Payroll processing and tax compliance. This includes a designated payroll specialist, benefits administrator, risk and safety experts, employment law compliance counsel, and more. Retirement plans. This is where a partnership with a PEO will make a significant impact.

Hiring Software 59

Hiring Software HR Software Recruiting Software Onboarding Software 59

ForUsAll

MARCH 11, 2019

Taken as a percentage of the assets, over time, they can add up to a HUGE chunk of change that can take years off of your or your employees' retirements. A 2% fee doesn’t sound like daylight robbery, but over 35 years, that little fee can consume up to half of your retirement earnings. Step #1: Benchmark Your Fees.

Retirement 75

Retirement Benchmarking Analysis Payroll 75

ForUsAll

APRIL 10, 2019

Drawing on our founders’ countless years of experience managing over $55 billion in retirement investments, we’ve broken the process down into 3 simple steps. And for some small businesses, it’s especially important that their owners and key employees are able to contribute as much of their income as they can to the retirement plan.

Planning Tools 79

Planning Tools Hiring Software Retirement Payroll 79

Guideline

MARCH 19, 2020

Last week, we published a blog post about how the COVID-19 pandemic could impact the financial markets and your retirement investing. Then over the weekend, the US Federal Reserve made a second round of massive interest rate cuts, taking their primary benchmark rate down to zero. It’s remarkable how much has changed since then.

Retirement 59

Retirement Benchmarking Guidelines Payroll 59

Paycor

JUNE 5, 2019

Learn how to build benefits by assessing culture, segmenting the population and utilizing benchmark reports to determine the best options for your organization. Experienced in regulatory compliance, communications & employee engagement, wellness program implementation, vendor relations, retirement plans. Speaker: Andrea Toben.

Assessment Software 40

Assessment Software Benchmarking Planning Tools Retirement 40

Guideline

MARCH 23, 2022

A 401(k) plan is a qualified plan offered by an employer that allows employees to have a portion of their wages deferred directly from their paychecks into a retirement account. A 401(k) vs. a pension plan 401(k) plans and pension plans are both employer-sponsored retirement plans. See our side-by-side comparison of SEP IRA vs. 401(k).

Retirement 52

Retirement Planning Tools Payroll Onboarding Software 52

Decusoft

APRIL 1, 2021

To create a competitive compensation strategy benchmark positions in your organization with similar positions in your competitors’ organizations. Look at compensation data for other companies in your industry to determine appropriate benchmarks for pay grades. . Other retirement plans. Excess/Restoration Plans are still allowed.

Compensation 98

Compensation Bonuses and Incentives Strategy HR Planning 98

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. Retirement savings and planning benefits. Bureau of Labor Statistics (BLS).

Employee Benefits 68

Employee Benefits Planning Tools Hiring Software Onboarding Software 68

Recruiters Lineup

NOVEMBER 21, 2023

Understanding the local salary benchmarks for your role and industry is crucial for effective negotiation. Compensation Practices: Salary Structures: In Hong Kong, salaries are often competitive and benchmarked against industry standards. This ensures that employees have a financial cushion when they retire.

Hiring Software 79

Hiring Software Recruiting Software Wage and Hour Training Interview Software 79

Zenefits

JULY 28, 2022

Helps you manage the total employee experience from hiring to retiring. Look for an all-in-one HRIS solution that helps you manage the total employee experience from hiring to retiring. Management of benefits, scheduling, and payroll. Integration with scheduling and payroll. Payroll compliance. Onboarding.

HR Software 36

HR Software Hiring Software Onboarding Software Assessment Software 36

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. Other options include life insurance, short-term and long-term disability, worker’s compensation and free financial planning services.

Hiring Software 100

Hiring Software Talent Experience HR Software HR Planning 100

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. Automate payroll. Automate payroll.

Planning Tools 36

Planning Tools Retirement Onboarding Software HR Software 36

Zenefits

AUGUST 3, 2022

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. Finally, there are some benefits — such as life insurance or retirement plans — that can push the cost of the program to the employee.

Employee Benefits 36

Employee Benefits Retention and Turnover Retirement Benchmarking 36

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

i4cp

JULY 29, 2020

From reducing executive and worker pay, to approving temporary pay increases for front-line workers, and completing layoffs order to reduce payroll exposure, none of these decisions were easy. Boards of directors have historically depended exclusively on external benchmarking to set executive pay levels. bls.gov Passy, Jacob (2019).

Planning Tools 92

Planning Tools Benchmarking Guidelines Retirement 92

Zenefits

AUGUST 24, 2022

Others may value retirement plans more than health insurance, particularly if they are eligible for health coverage under their spouse’s plan. Additional questions: How satisfied are you with your retirement plan? Automate payroll. Automate payroll. Retirement savings and planning benefits (82%). Any of the above.

Employee Benefits 36

Employee Benefits Survey Hiring Software Onboarding Software 36

Zenefits

JUNE 13, 2022

Forty percent of employees surveyed chose healthcare benefits over competitive salaries, retirement plans, or bonuses. The Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Payroll Protection Program ended in 2022. Automate payroll. Automate payroll. Answer to see the results. Streamline HR processes.

Planning Tools 36

Planning Tools Onboarding Software Payroll Benchmarking 36

Insperity

OCTOBER 17, 2023

That’s why employers should be proactive about not only confirming that employees are paid fairly, but also maintaining their competitiveness.

HR Planning 102

HR Planning HR Software Hiring Software Strategy 102

Insperity

OCTOBER 14, 2021

You probably know that a professional employer organization (PEO) can help you with benefits and payroll. Known as “ people analytics ,” these data-driven insights can improve the way you do business and provide clear benchmarks for improvement moving forward. But that’s not all it has to offer. Compensation services.

HR Planning 87

HR Planning Compensation Retention and Turnover Human Capital Management 87

Decusoft

MAY 20, 2021

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. SERPs that offer extra benefits to senior executives, such as retirement programs customized to senior executives, are under fire.

Analysis 96

Analysis Compensation HR Planning Bonuses and Incentives 96

Astron Solutions

MAY 28, 2019

Conducting benchmark surveys. A good example of working proactively to make strategy updates might be taking the opportunity of an upcoming executive retirement to refresh your approach to compensation and human resources management. Compensation consultants offer a fairly wide range of services to organizations of all sectors.

Compensation 60

Compensation Hiring Software Hiring Background screening 60

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. Nor is it closely linked with retirement. Automate payroll. Automate payroll. Any of the above.

Employee Benefits 36

Employee Benefits HR Planning Policies Retirement 36

Ongig

APRIL 13, 2020

Payroll Clerk 400 600. Payroll Assistant 100 200. The duties of a Financial Advisor include tax planning, estate planning, retirement planning, budget planning, philanthropic planning, investment management, and insurance planning. # Payroll Manager. Resolving payroll discrepancies. Finance Clerk 50 90.

Payroll 71

Payroll Planning Tools Assessment Software Data 71

Genesis HR Solutions

MAY 23, 2023

Post-pandemic, employees have disappeared from their workplaces: taking early retirement, staying home due to lack of childcare, reevaluating their priorities, taking opportunities to work part time, and, in some cases, simply deciding to work less and get along with less income. Making quick, competitive offers.

Hiring Software 40

Hiring Software Trends Hiring HR Planning 40

Homebase

JUNE 21, 2023

Cloud-based Paylocity is one of the leading human resources and payroll platforms in the United States. Its benefits administration feature is ideal for low-turnover organizations like hospitals, IT firms, and charities, where staff are more likely to prioritize insurance and retirement funds over hourly rates.

Paylocity 52

Paylocity HR Software Hiring Software Planning Tools 52

Tandem HR

FEBRUARY 9, 2022

Benchmark Jobs to Market. Here are some additional tips: When benchmarking to market, compare the position criteria/description versus position title. While various pandemic factors led to the expected increase, it’s still important to track your organization’s turnover rates and conduct exit interviews.

Compensation 52

Compensation Strategy Retention and Turnover HR Planning 52

Analytics in HR

SEPTEMBER 13, 2023

Market research and benchmarking: Research and analyze compensation trends to ensure the company’s compensation packages are competitive within the industry. Shared Services management: Experience in managing HR shared services responsible for handling HR inquiries, benefits and administration, payroll, and other HR services.

HR Software 92

HR Software HR Planning Hiring Software Recruiting Software 92

Paycor

OCTOBER 22, 2019

You’ll have all the data you need to benchmark your salaries against the compensation to see if you’re either low-balling or being too generous with your job offers. Many companies struggle with the administrative burden required for handling the recordkeeping and payroll data involved with compensation management. Fewer errors.

Hiring Software 40

Hiring Software Compensation HR Software Planning Tools 40

ForUsAll

MARCH 4, 2019

And these high fees can cause a huge hit to your employees’ retirement savings. Below, we’ll walk you through the process for finding out as well as some quick benchmarks. Anything more can cause some serious damage to your and your employees’ retirement savings. But how do you know if you’re paying too much for your 401(k)?

Bonuses and Incentives 40

Bonuses and Incentives Payroll Planning Tools Assessment Software 40

Zenefits

FEBRUARY 23, 2021

Benefits applications are often integrated into cloud-based human capital management (HCM) technology, to streamline the HR, benefits, and payroll functions. This information must be administered from HR, benefits, and payroll standpoints. Breakdown in communication between the HR, benefits, and payroll functions.

Hiring Software 36

Hiring Software HR Software Onboarding Software Planning Tools 36