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HR vs. Payroll: What’s the Difference?

Zenefits

If your organization has two separate departments or you want to create them, it’s time to learn the difference between payroll and HR. Handle wage deduction information to ensure checks are accurate. Calculate and send any employee reimbursements, bonuses, and holiday pay. What are payroll functions?

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Incentive Compensation: Why Your Strategy Might Include It

Zenefits

Many organizations opt for an incentive compensation program as part of their total compensation strategy. An effective incentive compensation plan can produce an array of short- and long-term benefits for both employer and employee. What is incentive compensation? Why are incentive compensation plans valuable?

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What’s the Best Way to Get Bonuses to Remote Employees?

Zenefits

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? And how can you send these bonuses to workers who live in other states and other countries in some cases? You can give bonuses to new hires also, as signing bonuses.

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6 Compensation Trends for the Year Ahead

Zenefits

per hour in September 2022. per hour in September 2022. Wages and salaries accounted for 69%; additional benefits accounted for the remaining 31%. Pay gaps are often due to educational differences and differences in employee experience levels and hours worked. What do employees want in a new job in 2023?

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Your Compensation Strategy: What to Consider for a Well-Balanced Approach

Zenefits

These typically include salaries and hourly pay, insurance and retirement benefits, bonuses, holiday pay, paid and unpaid time off, and any other perks the business deems relevant. How much of your revenue can you afford to pay in salaries and wages ? In this article, we’ll cover the basics of employee compensation strategies.

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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. A typical benefits plan includes both the employee’s compensation and non-wage perks like health insurance and pension plans. And that package is growing in importance. MetLife’s U.S.

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How to Conduct a Pay Audit, and Why It Matters

Zenefits

A pay audit is a process that lets you verify employees’ wages/salaries and identify any pay disparities. These include the Fair Labor Standards Act (FLSA) and state and local wage and hour laws. By promptly conducting the audit and making the correction, you can avoid employee wage-and-hour complaints or lawsuits.