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. It’s important for business owners and HR leaders to know how compensation management works, the benefits, and what to consider before investing in an appropriate system. . What is compensation management? What are the objectives of compensation management?

What is 401k Discrimination Testing?

Zenefits

Every year, the Employee Retirement Income Security Act ( ERISA ) requires employers to undergo 401k discrimination testing to ensure plans are not discriminating against lower-income employees. What is a 401k discrimination testing? The Federal Government issues nondiscrimination tests to evaluate the benefits plans of highly compensated employees ( HCEs ) and non-highly compensated employees (NHCEs). What is considered a highly compensated employee?

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Which Non-Discrimination Policies to Include in an Employee Handbook

Zenefits

They also make it easier for you and your management team to prevent discrimination and the complaints that may result. Written non-discrimination rules might also limit your liability in the event of a complaint, as you will have a record of your efforts to prevent discrimination. If you’re wondering which non-discrimination policies to include in an employee handbook, we’ve got you covered. Types of Non-discrimination Policies to Include in an Employee Handbook.

How to Identify Age Discrimination in the Workplace

Zenefits

Age discrimination in the workplace is common– particularly in younger startups and tech-heavy environments. While many business owners and HR leaders know this and don’t discriminate intentionally, there are subtle cues that might suggest ageism still exists. In this article, we’ll discuss how to identify age discrimination in the workplace. You’ll learn about The Age Discrimination in Employment Act (ADEA), it’s protections, benefits, and more.

What’s the Definition of a Highly Compensated Employee?

Zenefits

There are several differences between highly compensated employees (HCEs) and non-highly compensated employees (NHCEs). It’s important for HR professionals to understand the definition of a highly compensated employee for tax reasons, benefits, and legal purposes. What’s the definition of a highly compensated employee in 2019? How much can highly compensated employees contribute to a 401(k)? Contact a Zenefits Advisor today.

What Non-Discrimination Policies to Include in an Employee Handbook

Zenefits

They also make it easier for you and your management team to prevent discrimination and the complaints that may result. Written non-discrimination rules might also limit your liability in the event of a complaint, as you will have a record of your efforts to prevent discrimination. If you’re wondering which non-discrimination policies to include in an employee handbook, we’ve got you covered. Types of Non-discrimination Policies to Include in an Employee Handbook.

2020 HR Compliance Checklist: Know Your Requirements

Zenefits

Download Zenefits’ 2020 compliance calendar for legally-vetted information that helps you avoid missing important dates and the risk of hefty penalties. Documented policies on Title VII, age discrimination, sexual harassment, ADA, and FMLA. Compensation, benefits, and payroll.

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. Anti-discrimination laws, the Fair Labor Standards Act, the Family and Medical Leave Act, social security policies, OSHA requirements, and more are all essential areas of compliance that HR services can support. Zenefits — Best for streamlined onboarding. Zenefits. Zenefits’ Top HR Services.

OMB Issues Stay on Revised EEO-1 Reporting Requirements

Zenefits

A new EEO-1 form, containing expanded reporting requirements on compensation, gender, and hours worked, was to go into effect for the March 2018 deadline. On the heels of OMB’s announcement, the Equal Employment Opportunity Commission (“EEOC”) – the regulatory agency that receives the EEO-1 form and enforces the federal laws related to employment discrimination – reiterated its strong commitment to enforcing equal pay in the aftermath of the decision. Zenefits can help!

Pay Secrecy is Illegal. Pay Transparency is On the Rise

Zenefits

Revelations of pay inequality have stirred up lawsuits alleging pay discrimination against a string of firms, mostly from the tech industry. Former President Barack Obama issued two executive orders : one promoting “equal pay for equal work” aimed at bringing about greater pay transparency, and a second requiring federal contractors to release compensation data to the U.S. Pay Transparency is On the Rise appeared first on Zenefits Blog.

Benefits Software for Small Businesses: 5 Key Features

Zenefits

View their compensation statements, which reveal their pay and benefits. Workers’ compensation. Privacy and anti-discrimination laws. Bring your own plans and broker, or work with one of Zenefits’ certified broker partners.

Even as Labor Market Tightens, Experts Say Ageism Holding Small Businesses Back

Zenefits

Companies seem to think they’re in a better position by hiring cheaper labor in this younger workforce and they don’t seem to value the experience and want to compensate the more senior-level people.”. Companies seem to think they’re in a better position by hiring cheaper labor in this younger workforce and they don’t seem to value the experience and want to compensate the more senior-level people.”. American workers filed 18,376 cases alleging age discrimination with the U.S.

Washington State Salary History Ban Starts July 28

Zenefits

However, an employer may confirm an applicant’s wage or salary history if (a) the applicant has voluntarily disclosed the applicant’s wage or salary history or (b) after the employer has negotiated and made an offer of employment with compensation to the applicant. Originally put on the book in 1943, it made wage discrimination based on gender a misdemeanor. The post Washington State Salary History Ban Starts July 28 appeared first on Zenefits Blog.

Maine Legislature Passes Salary History Ban

Zenefits

It adds language stating that evidence of discrimination can include an employer seeking information about a prospective employee’s previous salary history prior to the job offer is extended. Employers or employment agencies are allowed to seek compensation history of an employee or prospective employee after an offer of employment including all terms of compensation has been made. The post Maine Legislature Passes Salary History Ban appeared first on Zenefits Blog.

Can Employers Offer Cash in Lieu of Benefits?

Zenefits

It is possible to offer employees compensation instead of a group health insurance plan. Section 125, also called the Cafeteria Plan, is required so that employees who receive health insurance options aren’t discriminated against. Check out more compensation best practices here. appeared first on Zenefits Blog. Offering health insurance to employees is a great way to provide value and retain a skilled workforce.

What Components Make the Best Employee Handbook?

Zenefits

Equal employment and non-discrimination policies. While it may feel like anti-discrimination policies should be common knowledge, spelling it out in your handbook gives you an opportunity to outline the consequences for discriminatory behavior. Workers’ compensation policies. These policies often explain the percentage of an employee’s regular compensation that is paid by workers’ compensation. appeared first on Zenefits Blog.

Inside the Colorado Salary History Ban

Zenefits

Despite policies outlawing pay discrimination, women still earn significantly less than their male counterparts for the same work, lawmakers noted. The new law forbids wage discrimination. While many states forbid seeking prior salary history, Colorado and several other jurisdictions, such as Cincinnati , forbid relying on previous salary in determining compensation. . Discriminating or retaliating against those who refuse to disclose prior salary history is not allowed. .

Demystifying Workplace Disability: 7 FAQs

Zenefits

The disabled and workers who become disabled on or off the job have protection under two main laws: the Americans with Disabilities Act, which is nationwide legislation as well as state Workers’ Compensation Acts. The ADA provides protection from discrimination in all aspects of employment. Workers’ compensation is paid for employees injured on the job. Most states require employers to carry workers’ compensation insurance to cover injuries of employees.

Updated List of Cities and States with a Salary History Ban

Zenefits

Last yeah, Zenefits produced an equal pay report based on original SMB data, which found that the gender wage gap in small businesses was 18% greater than the national average. The idea behind the ban is that women and minorities have historically experienced pay discrimination; using a salary history as a baseline for a new compensation offer is a practice that perpetuates this pay discrimination.

Washington’s Paid Sick Leave Law: What Employers Need to Know

Zenefits

Additionally, paid sick leave must be provided to employees at the greater of Washington’s increased minimum wage (in Seattle, Tacoma, and the City of SeaTac, the local minimum wage rate applies) or at the employee’s normal hourly compensation. Enforcement/Penalties for Noncompliance: Employers may not retaliate or discriminate against employees for exercising their sick leave rights under the law.

Businesses Rely More Heavily on Contingent Workers, but at What Cost?

Zenefits

Their letter demanded inclusion, better communication and compensation. They complained they were routinely excluded from company communications, even those about discrimination, misconduct and safety. appeared first on Zenefits Blog. The contingent workforce could be one of the fastest growing categories of workers in the US today. Some estimates believe 20% of workers are contingent – either contract, temporary, freelancers or consultants.

What is Payroll? A Guide to the Modern Payroll System.

Zenefits

You need to keep any employee benefit plan or any documented seniority or merit system for at least one year to be compliant with the Age Discrimination in Employment Act. Track compensation and pay changes by team, department, and location. appeared first on Zenefits Blog. A good payroll system is comprised of many components– but at its core, what is payroll? Payroll refers to a company’s roster of employees and the total wages they are to be paid.

Paycheck Fairness Act Back in Congress, Seeks to Ban Salary History

Zenefits

The measure would hold employers accountable for discriminatory practices , end the practice of pay secrecy, ease workers’ ability to individually or jointly challenge pay discrimination, strengthen remedies for wronged employees and prohibit employers from seeking the salary history of prospective employees. The post Paycheck Fairness Act Back in Congress, Seeks to Ban Salary History appeared first on Zenefits Blog.