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How to Handle Age Discrimination in Hiring and Retention

Zenefits

And while many consider 50 to be the age that tips older employees into the realm of ageism, workers as young as 40 have experienced age discrimination. To do so, they will need to ensure that they have blind hiring practices and provide older adult employees with retention incentives. Ageism is another word for age discrimination.

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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. Wellness incentive programs, in particular, are having a major impact on employee compensation packages.” appeared first on Zenefits Blog. What is compensation management?

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Payroll Terms and Definitions: A Comprehensive Glossary

Zenefits

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.

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How to Conduct a Pay Audit, and Why It Matters

Zenefits

Pay audits also help you comply with: Federal equal pay and pay discrimination laws. Many states and local governments have pay equity laws prohibiting pay discrimination and requiring equal pay for equal work. At the very least, pay audits should involve the payroll and human resources teams. Decreasing turnover. Your budget.

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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. Before you start setting pay ranges and choosing incentives, it’s important to understand how much you can really spend on each employee.

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How to Build Fair Pay Grades and Salary Ranges

Zenefits

It can reduce turnover, your employees will work harder, and transparency protects them against wage discrimination. What incentive strategies are required to drive intended outcomes among current employees. Your budget helps define: The total number of people you can afford to put on the payroll. Question 3: What is our budget?

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Could an Early Retirement Package Incentivize Employees to Retire?

Zenefits

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 .