Zenefits

JANUARY 7, 2022

Remote employee bonuses, in particular, can seem tricky. And how can you send these bonuses to workers who live in other states and other countries in some cases? Bonuses are a form of compensation that you give to employees in addition to their set wages. You can give bonuses to new hires also, as signing bonuses.

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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.

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Zenefits

NOVEMBER 23, 2021

Payroll is one of the most crucial aspects of running a business — but it’s far from easy trying to learn and remember payroll terminology and jargon. If you’ve found yourself struggling to remember payroll vocabulary, don’t fret. Bonuses include holiday, signing, referral, and retention bonuses.

Payroll 36

Payroll Wage and Hour Training Bonuses and Incentives Planning Tools 36

Zenefits

JULY 28, 2021

Assuring staff is compensated fairly, aligned with skills, experience, and market conditions, and that payroll drives your strategic plan forward is critical to business success. For many organizations, compensation is an afterthought. What is a certified compensation professional? . Coursework includes: Job analysis.

Compensation 41

Compensation HR Planning Bonuses and Incentives Hiring Software 41

Zenefits

NOVEMBER 8, 2022

You may also have to pay a signing bonus or other incentives to attract top talent. Automate payroll. Automate payroll. Creating a competitive compensation and benefits package that meets or exceeds industry standards. This cost covers: The time it takes to find a new staff member. The cost of advertising. Interviewing.

Retention and Turnover 36

Retention and Turnover Hiring Software Compliance Training HR Planning 36

Zenefits

DECEMBER 4, 2018

Here’s something else that a lot of employees look forward to this time of year: holiday bonuses. Holiday bonuses can take a few different forms: An extra check given around the holidays. And if you give out holiday bonuses at all, then every employee should receive something. Other Types of Bonuses.

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Bonuses and Incentives Zenefits Compensation Payroll 31

Zenefits

JANUARY 26, 2023

Does the thought of a payroll audit make you break out into a sweat? Throughout this article, we’ll talk about whether or not payroll reporting really matters and what’s absolutely mandatory. Yes, you read that correctly — there are mandatory payroll reports. Yes, you read that correctly — there are mandatory payroll reports.

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Zenefits

JULY 12, 2018

Crafting or updating a compensation plan can be daunting for small to midsized business, but whether you have one or not, it’s important to align with prevailing conditions. To attract and retain talent in a tight applicant market, it’s crucial to create a structured compensation strategy or update your current plan to meet demand.

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Zenefits

DECEMBER 21, 2021

Employees expect fair compensation for the work they put in. To promote fair compensation , federal, state, and local governments have enacted equal pay laws. Pay audits matter because they enable fair compensation — which is critical to: Attracting the best people. Examine your compensation strategy. Decreasing turnover.

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Zenefits

DECEMBER 29, 2021

As the workforce moves towards more freelance, contract, and part-time engagements, companies need to make sure they are compensating their employees in a way that meets today’s work style. Creating a compensation philosophy that aligns with your company strategy is one way to strengthen hiring and retention.

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Zenefits

DECEMBER 22, 2021

When people are looking for their next career move, compensation is a top consideration. Being transparent about compensation will eliminate any suspicions that they’re being underpaid (a common assumption when pay is kept a secret ). In this article, we cover: What it means to have fair and equitable compensation.

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Zenefits

DECEMBER 21, 2021

The answer could also be that they aren’t using market data to help them devise a sound compensation strategy. Determining someone’s salary based on their compensation history is unethical and limiting. One of the most common ways companies determine salaries is by asking for a candidate’s salary/compensation history.

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Zenefits

JANUARY 15, 2021

Business owners know how costly it can be to have more senior level employees on the payroll than newcomers. Annual raises and bonuses can put these staff members at the highest level of compensation, often for decades, as their organization waits for them to retire. Incentives that make retirement appealing .

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Retirement Bonuses and Incentives Guidelines Outplacement 46

Zenefits

DECEMBER 18, 2018

This data isn’t very accurate, and you should use caution when looking at it; “My friend works at a competitor of ours and makes more money than me” – Total compensation is made up of a lot of things, base pay, bonuses, other incentive pay, benefits, even free food in the office. My manager promised me a raise this year.”.

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Zenefits

AUGUST 25, 2022

However, 2 factors make it a challenging endeavor: Overspending on staff compensation can leave your young business cash-strapped down the road. Without a solid compensation strategy, your business may never get off the ground. Pay for performance and offer performance-based incentives. Let’s look at them below.

Workable 36

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Zenefits

JANUARY 10, 2019

During your employment, you will be paid a base salary at the annual rate of [Yearly Compensation]. Your compensation will be paid in regular installments in accordance with the Company’s regular payroll process, and subject to applicable tax and other withholdings. In that position, you will report to [Manager Name].

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Hiring Bonuses and Incentives Background screening Zenefits 31

Zenefits

NOVEMBER 17, 2022

Their reasons for offering both types of incentives may differ, but, according to Business.org, the top reasons for offering them are to: Attract top talent. The differences between the 2 incentives may provide the answer. Benefits are nonmonetary incentives that supplement employees’ wages. Automate payroll.

Employee Benefits 36

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Zenefits

NOVEMBER 3, 2022

Offer bonuses and other incentives to seasonal employees. Bonuses and financial compensation are 2 of the main factors that keep employees coming back to any given organization. So, as much as you can, offer monetary bonuses. Then offer cash bonuses for every successful referral. Automate payroll.

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Zenefits

JANUARY 9, 2019

Non-ERISA qualified plans include tax-deferred compensation and bonus plans. A Savings Incentive Match Plan for Employees (SIMPLE) is another employer-sponsored IRA plan. appeared first on Zenefits Blog. The IRS requires plan contributions to be tax deductible. Since the account is employer-sponsored, it is ERISA qualified.

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Bonuses and Incentives Retirement Zenefits Compensation 35

Zenefits

JUNE 1, 2022

The primary factors involved in calculating the cost of labor include: Salaries, wages, incentives, commissions, and bonuses. Payroll taxes. Automate payroll. Automate payroll. Indirect (departments that are a pure expense but necessary for the company to run — for example, finance, janitorial services, etc.)

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Zenefits

FEBRUARY 7, 2023

A company’s compensation plan may be the single most crucial element in attracting top talent and keeping high-performing current employees. Depending on the role, there may be a variable compensation plan in place. When used wisely, variable compensation can attract top talent, motivate employees, and help retain talent.

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Zenefits

DECEMBER 22, 2021

Still, some things have remained constant, such as the value of compensation. Compensation plays a significant role in securing qualified candidates, keeping top-performers on board, and helping employers remain competitive in the talent marketplace. However, to achieve these outcomes, you need a well-built compensation plan.

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Zenefits

JANUARY 19, 2021

The coverage that protects your business is deductible, as is liability insurance and group health, dental, vision, life and workers’ compensation insurance for employees. These include state income and payroll taxes, property and real estate taxes, some sales and excise taxes and others. Add that to your list of deductions.

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Background screening Hiring Software Bonuses and Incentives Video Recruiting 41

Vantage Circle

SEPTEMBER 11, 2023

Consider Integration and Compatibility Ensure the platform seamlessly integrates with your existing HR systems, payroll software, and other relevant tools. These include self-service employee onboarding, document storage, payroll processing, tax filing, reporting, and human resources (HR) compliance assistance.

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Zenefits

JULY 29, 2021

Two workers share the same job, each part-time, both collecting a salary, the reduced state unemployment compensation, and the additional federal money. For some, the part-time or job-sharing compensation is higher than or equal to full unemployment benefits. . For many, this is a $300 per week bonus for working part-time.

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Wage and Hour Training Hiring Bonuses and Incentives Competencies 88

Zenefits

SEPTEMBER 3, 2022

The office will want to know whether your organization equitably compensates employees who hold the same or similar positions. The office also will factor in commissions, bonuses, and other types of incentive pay in its examination. Automate payroll. Automate payroll. Compensation. Answer to see the results.

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Hiring Software Recruiting Software Discrimination Onboarding Software 36

Empuls

OCTOBER 11, 2023

Integration with compensation management software allows performance appraisal and reviews to directly impact compensation decisions. The platform offers the capability to provide small monetary bonuses as a token of appreciation. Benefit and payroll administration to simplify your compensation processes.

HR Software 52

HR Software Onboarding Software Planning Tools Assessment Software 52

Workable

DECEMBER 14, 2020

Workplace benefits and compensation. PRO TIP: FullContact ’s paid-paid vacation initiative offers holiday bonuses to staff who go completely off the grid. PRO TIP: Set up a formal employee referral program in your company, with incentives for your current colleagues. Workplace benefits and compensation. Compensating risk.

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Zenefits

NOVEMBER 16, 2021

advertisement costs, staffing agency fees, signing bonuses, relocation costs, HR overhead costs, background check costs, and training costs. A suite of software applications that employers leverage to manage a range of HR activities, such as recruiting, hiring, compensation, benefits, and employee performance. Cost-Per-Hire.

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HR Planning HR Software Hiring Software Wage and Hour Training 36

Zenefits

MARCH 18, 2020

As a small employer, you’re likely running on limited resources, and payroll is probably your biggest operating expense. Per the SBA, the loan is designed to cover “fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.”. Here are 8 solutions to guide you through this trying time.

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Payroll Wage and Hour Training Bonuses and Incentives Planning Tools 72

Zenefits

AUGUST 18, 2022

Automate payroll. Automate payroll. Minimum annual pay level for highly compensated employees = $107,432 per year. Whether the minimum pay level for highly compensated employees will change is unknown. Whether bonuses, commissions, and incentive payments will be permitted is unknown. Streamline HR processes.

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Zenefits

APRIL 2, 2019

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. But many suggest wage parity has been largely stalled.

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Hiring Software Zenefits Bonuses and Incentives Discrimination 31