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Why Integrate Payroll with HR Software?

EmployeeConnect

That opens the door to deeper analytics, such as: Cost of turnover per department Overtime trends and budgeting accuracy Pay equity comparisons Benefits utilisation rates These insights allow HR and leadership teams to make more informed, data- driven decisions about staffing, compensation, and strategic planning.

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First comes pay transparency. Next comes pay equity.

HR Brew

The surveys also indicate employers are starting to develop strategies to address pay equity, and in some cases are budgeting for raises to address compensation gaps within their workforces. But transparency can also reveal pay inequities within organizations, prompting questions for HR leaders. Most employers comply with pay transparency.

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Watch Out California Employers: SB 1162 On Track To Become Law

Trusaic

Still, SB 1162 requires employers to report median and mean hourly rates within each job category and for each combination of gender race/ethnicity, strengthening the DFEH’s ability to identify pay discrimination in employer compensation systems. .

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A Guide to Compensation Analysis

AIHR

Compensation analysis is vital to providing fair, equitable compensation. Smart organizations know that providing the right compensation is one of the key pillars to attract and retain the best talent. The purpose of this guide is to provide a basic understanding of compensation analysis and its associated benefits.

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An SMB Employer’s Guide to Streamlining Open Enrollment

Extensis

Additionally, organizations can offer more personalized benefits packages during open enrollment, fostering employee well-being, helping workers better understand their total compensation, and aiding in talent attraction and retention.

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Compensation Analysis: The Definitive 2022 Guide

Decusoft

Conducting compensation analysis is a lengthy, necessary project. Companies will want to ensure that their compensation packages remain in alignment with the market — otherwise, they risk losing staff to other businesses that offer higher salaries. . What Is a Compensation Analysis?

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Payroll Management

Netchex HR Blog

Bonus pay is additional compensation provided to an employee. Differentiate types of pay Employers need to understand different types of pay and when they should be used for the best accuracy and compliance. Gross pay is the amount that employees receive before deductions. Net pay is the amount an employee takes home after deductions.

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