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HR vs. Payroll: What’s the Difference?

Zenefits

Calculate and send any employee reimbursements, bonuses, and holiday pay. Ensure that shifts are maintained and well-staffed. Applying raises, bonuses, and extra incentives. Once a person does well at work, they may be eligible for additional financial compensation. Software like Zenefits makes that possible.

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What is Compensation Management?

Zenefits

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. So, it’s no longer just about the money.

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Are Your Salaries Scaring Away Applicants? How to Use Salary Market Data to Tell

Zenefits

The answer could also be that they aren’t using market data to help them devise a sound compensation strategy. Salary market data helps companies understand: What their competitors are paying. Where can I find salary market data for free? You can get salary market data for free on sites like Indeed and Glassdoor.

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Employee Rewards and Recognition Strategy: Aligning HR Objectives With Organizational Goals

Empuls

A recent research by Zenefits, 63.3% Designing an effective rewards and recognition strategy is integral to motivating and retaining employees, as well as aligning their performance with the broader objectives of the organization. Personalization Different employees will be motivated by different incentives.

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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. Health and wellness perks. What benefits matter to employees in 2022?

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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. TRY AGAIN.