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HR vs. Payroll: What’s the Difference?

Zenefits

Calculate and send any employee reimbursements, bonuses, and holiday pay. Applying raises, bonuses, and extra incentives. However, all these bonuses can lead to other taxes, and they may even fall outside traditional payroll periods. Zenefits integrates with many tools in the accounting, finance, and retirement spaces.

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6 Tax Breaks and Benefits for Small Businesses in 2020

Zenefits

As 2020 progresses, owners of small and medium-sized businesses are planning for the future and looking for ways to leverage tax cuts and incentives to grow and expand. If you missed any of the tax incentives from last year, it might not be too late to use them, as well. Green vehicle incentives. Retirement plan credit.

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Is Your Compensation Fair? How to Create a Compensation Plan That Works for Everyone

Zenefits

Health insurance, investment options, bonuses, and development opportunities are all additional forms of compensation that can improve the quality of your total compensation plan. If you have data or feedback from exit interviews that highlight the true cost of employee turnover due to poor compensation and employee benefits, use it.

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How to Craft the Right Employee Benefits Package in 2022

Zenefits

A competitive benefits package filled with attractive incentives for employees is key to attracting top talent to your organization. Benefits and incentive bonuses are all part of the compensation package your HR department offers employees. Read the Zenefits Benefits Benchmark Report for more great data, trends, and insights.

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6 Top Financial Benefits and Perks You Can Provide to Employees

Zenefits

Businesses look to provide benefits and perks that make them stand out from the competition, and data reveals just how important benefits are to attract and retain workers. Retirement planning. A 401(k) retirement plan is often the best benefit your employees don’t know they need. Fortunately, there’s help on both fronts.

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Anti-Perks: How to Avoid Them and Get Employee Benefits Right for 2023

Zenefits

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. employers provide healthcare plans ( 59% ) and many offer other practical benefits, like retirement plans. The differences between the 2 incentives may provide the answer.

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5 Must-Have Payroll Report Templates to Avoid Audit Nightmares

Zenefits

Each of these reports should provide a view of the data for the current pay period, quarter-to-date, and year-to-date. Total payroll summary by category Your payroll houses a gold mine of data. Your payroll houses a gold mine of data. This report is valuable for reviewing pay practices across positions by protected class.

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