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What is Compensation Management?

Zenefits

One of the main benefits of a good compensation management system is pay equity, but there are ample other benefits, like aiding in budget creation, attracting recruits, reducing turnover, and more. What is compensation management? Compensation managers are an important asset to the company’s success.

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Everything You Need to Know About Workforce Optimization

Zenefits

Workplace discrimination , bullying, or harassment. Compensation. For access to these workforce optimization tools and more, check out Zenefits’ people operations platform. Stress that is caused by a heavy workload, long work hours, tight deadlines, monotonous work, financial anxiety, medical problems, family issues, etc.

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HR Consulting Firms for Small Businesses: 15 Leading Experts

Astron Solutions

We’ve written before on the purpose of compensation consulting and some top providers in that space. Compensation, payroll, and benefits management. You might hire a dedicated HR service to fully support your company remotely, or you could use web-based HR services to handle specific aspects, like payroll and benefits.

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Is an Open Compensation Policy a Good Idea?

Zenefits

To increase trust and improve transparency, some companies adopt an open compensation policy. Here are a few of the big advantages that come with an open compensation policy. Salary transparency can help your business avoid a lawsuit or discrimination accusations. Automate payroll. Automate payroll.

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How to Evaluate Your Compensation Plan

Zenefits

Whether you are recruiting new employees or focusing on employee retention , a solid compensation plan is key to finding and keeping top-quality employees. That means a regular review of your compensation package should be a top priority. Is it time to evaluate your company’s compensation package? Total compensation.

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Is Your Compensation Fair? How to Create a Compensation Plan That Works for Everyone

Zenefits

The Society for Human Resource Management discovered that compensation and pay is the second-most contributor to job satisfaction. This means that company compensation packages, benefits and all, matter more than ever. Employees are increasingly looking for fair compensation. What is fair compensation?

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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. Includes guidance on handling both employer and employee federal payroll taxes.

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