The data I shared with her from recent customer studies supported the idea that employee recognition is one of the most efficient levers in their total rewards strategy. Figure one shows data from the first customer we examined. What are other companies doing with this data? MORE

True visibility into benefits and incentives. Bonuses and variable pay. Any other benefits and incentives offered. It’s perfectly seamless when connecting with your payroll or HRIS. MORE

Today, most organizations rely on actual data to make informed decisions on how to run their business. Whilst departments such as sales, marketing, and operations have actively been using data analytics to optimize performance, HR experts within a business have been relatively slow to integrate analytics to influence their decision making. Simply put, HR analytics is all about analyzing an organization’s ‘people problem’ through data. Compensations and Incentives. MORE

You can read more on this in this recent blog, Why Employers Must Teach Employees about Total Rewards. We recently partnered with Benify , to round out our integrated payroll benefits solutions and services portfolio. into existing HR and payroll infrastructures and into all? MORE

Additionally, employers may not count incentive pay—nondiscretionary bonuses of up to 10% of employees’ salaries, for example—toward meeting the new threshold. Has enough time has been set aside to establish such codes and ensure proper data feeds? The U.S. MORE

But the company has merit and incentive programs in place to reward the teams who are already here and keep their pay competitive too; Make them feel valued – Listen more than you talk; give them a space to share their frustrations; it might have nothing to do with pay after all; Follow-up with their manager – Let them know the conversation happened; encourage them to address any pay concerns that are legitimate through the merit process. HR Tips & Trends Payroll MORE

These include wages, raises and incentives, wellness, tuition reimbursement, training allowances, retirement funding, stock options, meal plans, and more. There will also be employer payroll taxes , you’ll be responsible for paying. Accessing wage data. The US Department of Labor publishes wage data by occupation annually. Factor in annual wage increases, incentives, or bonuses planned at the top of the range. Have payroll questions? MORE

You can read more on this in this recent blog, Why Employers Must Teach Employees about Total Rewards. We recently partnered with Benify , to round out our integrated payroll benefits solutions and services portfolio. into existing HR and payroll infrastructures and into all? MORE

Using data from a recent Glassdoor survey , we’ve compiled the sixteen best employee perks that offer the biggest bang for your buck into the infographic below. Performance Bonus. However, that’s not to say that monetary incentives as a whole don’t work. MORE

Another compensation plan or a small tweak to an incentive program may make things better or more interesting, but getting salaries and bonuses right is the priority. Survey data is useful, but it is not compensation consulting or compensation planning. MORE

Payroll. Beyond the tools, Stapper says it’s important his employees feel motivated, and for many, that means keeping the dollar signs in their eyes by rewarding hard work with cash bonuses and incentives. MORE

There are a ton of great HR/Recruitment blogs. We’ve compiled a list of the top 100 HR blogs by organic traffic they receive via Google and search engines (see Methodology below). Ongig, of course, has its own recruiting blog — you’re reading it right now! MORE

Data shows 1 in 5 construction companies has a cash flow problem. The people behind the data. How useful are incentives and penalties? Do you use payment incentives or penalties? The effect on payroll. MORE

Pew Research reported that in 2018, women earned 85 cents to every man’s dollar, up 5% from Census Bureau data of 2017. Another reports that bonuses and other forms of incentive pay add to the problem. Last yeah, Zenefits produced an equal pay report based on original SMB data, which found that the gender wage gap in small businesses was 18% greater than the national average. As more companies examine their payroll practices, an uncomfortable truth emerges. MORE

Compensation management is the process of ensuring that an organization’s salaries and bonuses remain competitive, appropriate, and equitable. Compensation managers are responsible for working with employment data and keeping up with complex benefits administration rules and regulations. Wellness incentive programs, in particular, are having a major impact on employee compensation packages.” Data access is another important feature to consider. Payroll MORE

I set out to explain in this blog exactly what we mean by Total Rewards and the affects these have as an employee and as an employer. It groups together the total value of base pay, bonuses and equity with any benefits (monetary and other) plus and additional employee perks. MORE

These one-time costs could include severance, retention, equity awards, transaction bonuses, recruiting, non-compliance, and HR integration or stand-up costs. The post Top priorities for HR due diligence in a corporate transaction appeared first on Capital H Blog. MORE

A great pay package is a serious incentive to not only take a job, but to excel at it. . HR is responsible, among many other challenges, for hiring, firing, moral, payroll and benefits. Raises and bonuses can be calculated this way as well. Compensation Management and Payroll. MORE

To even the playing field between small business Davids and corporate Goliaths, TSheets and QuickBooks Payroll sought out what employees want from a pay and benefits package, to learn how small businesses can best compete for top talent. MORE

I set out to explain in this blog exactly what we mean by Total Rewards and the affects these have as an employee and as an employer. It groups together the total value of base pay, bonuses and equity with any benefits (monetary and other) plus and additional employee perks. Payroll MORE

Despite this, less than 25% of companies are using technology for non-payroll HR functions, like education, benefits and communication. Data via accessperks.com. Try gamifying the process and adding incentives to complete specific training. MORE