article thumbnail

How To Know If Your Defined-Benefit Pension Plan Is In Trouble.

The HR Capitalist

But if you're relying on a pension in retirement, you might want to take a look at what % of obligations are funded currently in your pension plan. workers and offering pension buyouts to 100,000 former employees, as the conglomerate joins the ranks of U.S. companies phasing out a guaranteed retirement. Why would I say that?

article thumbnail

The Difference Between Employer of Record (EOR) and Professional Employer Organization (PEO)

HR Lineup

This article aims to provide an in-depth comparison of the two services, highlighting their similarities and differences, and helping you decide which one is best suited for your business needs. Employee Benefits Another significant difference between EOR and PEO is the way employee benefits are handled.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Key Differences Between Transactional and Strategic HR: A Comprehensive Guide

Engagedly

Human Resources (HR) is an integral organizational unit that manages employee-related tasks and contributes to corporate strategies. Transactional human resources deals with the daily administrative functions, which include payroll, compliance issues, and employee benefits.

article thumbnail

HR Lineup - Untitled Article

HR Lineup

Here are our top 5 picks based on thorough tests and comparisons. Employee Benefits Another significant difference between EOR and PEO is the way employee benefits are handled. In an EOR relationship, the EOR is responsible for administering employee benefits , such as health insurance and retirement plans.

article thumbnail

How to Effectively Transition From Traditional HR to People Operations: By Department

Zenefits

Essential tracking functions for time and productivity are automated, freeing people to be more effective and focus on the bigger picture of the overall employee experience. To visualize the comparison, think of the differences like this: Now: People Operations Focus. Drawing retirement. Employee relations.

article thumbnail

What is attrition and why does it happen?

Empxtrack

Attrition rate definition: The employee attrition rate is a metric that helps in measuring the rate at which the employees leave an organization without hiring their replacements. It is the comparison of the percentage of the number of employees who leave the organization or company with the total workforce.

article thumbnail

PEO Vs. Payroll Service Providers: How Are They Different?

Genesis HR Solutions

With a Professional Employer Organization (PEO), you can outsource many of your human resource functions (including payroll), share employment liability, and, oftentimes, gain economies of scale to bring an improved benefits package to your employees. It also provides a technology platform to manage all your employee data.

Payroll 52