Remove Compensation Remove Employee Benefits Remove Payroll Remove Retirement

Employee Benefits Management: Getting the Most Out of Your Benefits Plan

Netchex HR Blog

When done properly, employee benefits management helps employees, as well as the company. Because employee benefits can be complicated, and you need a centralized system to manage costs and adjust policies. Employee benefits need to be reassessed periodically.

7 Worst Employee Benefits

Zenefits

We know what employees want, generally, when it comes to benefits. Better health insurance coverage, generous paid time off and vacation days, retirement benefits, and professional development opportunities all rank highly regarding job satisfaction and retention.

Insiders

Sign Up for our Newsletter

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

SHRM 2022 Employee Benefits Survey: Evaluating the Trends

Extensis

Quick Look: Adapting to trends while also focusing on what employees really want is essential to maintaining low turnover and an engaged work environment. SHRM released its 2022 Employee Benefits Survey in June, revealing results collected between January 11 and February 28 of this year.

Phased Retirement Strategies – Benefits and Implementation

Tandem HR

If you have any nearing retirement – this article is for you! Every day, approximately ten thousand employees reach retirement age in the U.S. Employers must manage this exodus by considering phased retirement strategies. Benefits of a phased retirement program.

Employee Benefits Enrollment Software: Boost 2021 ROI

SwipeClock

Does your HR toolkit contain employee benefits enrollment software? If not, you aren’t getting the benefits of your benefits. You choose benefits packages carefully because you want to attract high performers. Increased employee turnover.

Is an HSA the New 401(k) When It Comes to Retirement ROI?

Extensis

Quick Look: Flexibility and cost savings are two of the biggest priorities when it comes to workplace benefits. Working with a PEO partner is beneficial for both employers and their employees to ensure everyone is well-informed and set up for future financial success.

Want to step up your employee benefits game?

Keka HR Blog

Previously, employee benefits were referred to as “fringe benefits” or “perks.” ” These are non-financial services given to employees in addition to their salaries. These benefits will help you distinguish your company from rivals.

All Work-From-Home is NOT Created Equal: Remote Employee vs. Tele-Workers

GoCGO

When offices closed and employees were told to work from home in March of 2020, there was no seismic shift in how the employment relationship was administered from a payroll, benefits, tax, reporting, and workers' compensation perspective.

Benefits of Compensation Analysis

Decusoft

It is important to conduct compensation data audits frequently in order to produce an equitable and appropriate compensation plan. A comprehensive salary report offers the facts and insights needed to make critical choices on executive pay and overall benefits.

Payroll Software Pricing in 2022

TrustRadius HR

Payroll is the lifeblood of HR. Employees can repeat training modules, and HR can revise records. But not paying your employees or paying them the wrong amount is how you get a rebellion (or worse, legal trouble). What Does Payroll Software Do? QuickBooks Payroll.

Tackling Logistics Labor Shortages: Why Employee Benefits Are Key

Payactiv

Experts have proposed several solutions to end the labor shortage and, in this article, we’ll focus on how employee benefits can help resolve this problem for companies and consumers alike. How Employee Benefits Can Help the Logistics Industry.

Employee Benefits: Long-Term Beats Short-Term

TalentCulture

Employers who want to slow workplace erosion need to invest in meaningful benefits with long-game implications. Rather than focus solely on culture as a replacement for rewards, why not add significant long-term incentives to let employees know you’re serious if they’re serious? Businesses have a habit of focusing on the here and now with their benefits: paid time off, vacation days, medical and dental. Every time they do, saving for retirement gets a little tougher.

Best Retirement Plans – Broken Down By Rankings

Thrive Global

There was a time when workers could depend on an employee pension plan and Social Security to cover their retirement expenses. ?Nowadays, Maybe this is why one in four Americans haven’t saved anything for retirement. Payroll deduction IRA. retirement?

Top 15 Compensation Management Tools in 2021

Vantage Circle

Companies consider several factors when deciding on a compensation planning tool. In layman’s terms, compensation management software allows an organization to plan and administer employee compensation packages in an organized manner. CURO Compensation.

What Are Payroll Costs – A Quick Overview

Payactiv

Payroll expenses are the costs associated with compensating people for the work they do for your business – whether they’re full-time workers, hourly workers, or contractors. An Explanation of Payroll Expenses. This portion of your payroll expenses goes to paying hourly workers.

Employee Benefits Glossary of Terms

Zenefits

Employee benefits are various types of non-wage compensation that employers can provide workers along with their wages or salaries. They’ve become some of the most critical parts of compensation packages. Ancillary Benefits. Benefits Administration.

The Best Payroll Software For Small Businesses

TrustRadius HR

The average small business owner spends nearly five hours per pay-period processing payroll (Try saying that five times fast). 65% of small business owners said they would rather outsource their payroll processing. 45% said that outsourcing payroll was too costly.

Onpay 83

5 Payroll Management Tools Every HR Needs

HR Digest

For any business, a handy and adequate Payroll software application is a must-have. These payroll apps not only consolidate the multiple payment processes required into one platform but also offer numerous tools for economic and precise payroll functions.

The Best Way to Process Payroll [Updated for 2020]

SwipeClock

Or you own an existing one that is moving into the realm of employees. Payroll is one of the most important processes to handle correctly. Learn to Process Payroll Efficiently and Legally. We’ve created a comprehensive 5-part payroll processing guide to help you.

Payroll Best Practices for 2022 and Beyond

Payactiv

The heart of every business is its employees, and these employees need to be paid their wages on a regular basis. Whether a monthly, bi-weekly, or weekly pay schedule, payroll is typically done via a payroll system. What Is Payroll Management? Automate Payroll.

12 Best Payroll Software Solutions for Small Businesses in 2022

ConnecTeam

Don’t you just LOVE managing payroll? Who here just can’t wait for that time of the month (or week) to calculate employee wages , PTO, taxes, benefits , and all those other super-fun payroll things? And if it can benefit your business in other ways, then even better!

How to Create a Compensation Strategy: A Complete Guide

Decusoft

What is Executive Compensation? . Executive compensation programs are influenced by a variety of factors today. As a compensation manager, your primary concern should be the alignment of pay and performance. Compensation Strategy Allocation . Other retirement plans.

How to Automate Employee Benefits and Healthcare

Zenefits

Managing employee benefits is one of the most important responsibilities of an HR department. These benefits typically include health, dental, vision, disability, retirement, paid time off, sick time, and parental leave. Communicating with employees about changes.

6 Ways to Decrease Rising Employee Benefits Costs

Zenefits

In a 2021 Kaiser Family Foundation survey , “nearly 90% of large employers surveyed believe the cost of providing health benefits to employees will become unsustainable in the next five-to-10 years, and 85% expect the government will be required to intervene to provide coverage and contain costs.”

7 essential retirement plan questions

Insperity

It’s no secret that current and prospective employees want their employer to offer a retirement plan. Whether your company is looking for a new retirement plan provider or reviewing your current retirement benefits, the first thing you need to understand is one size does not fit all.

What Are the 4 Major Types of Employee Benefits?

Zenefits

In the war on acquiring and retaining talent, the most generous benefits package a company can provide typically tips the scales in your favor. Workers are looking for the best starting wage they can leverage, but benefits and perks are as much a part of the equation as dollars.

Do bar payroll better: Best practices + bar payroll services to consider

Homebase

For a small business owner managing a bar, running payroll for bartenders and the rest of your staff comes with its own set of challenges. Still, it’s important to handle employee paychecks the right way so you can stay compliant and avoid getting into trouble with the IRS.

5 Key Elements to Look for in a Payroll Platform

Hireology

Payroll and related costs can make up 50 percent – or more – of total business costs, so it’s critical to ensure you’re partnering with the right payroll platform to avoid costly errors and drive efficiency across your business. .

5 Key Elements to Look for in a Payroll Platform

Hireology

Payroll and related costs can make up 50 percent – or more – of total business costs, so it’s critical to ensure you’re partnering with the right payroll platform to avoid costly errors and drive efficiency across your business. .

Top 4 Employee Benefit Categories That Matter Most to Employees

Zenefits

Winning the quest for top talent requires a strategy that appeals to the needs and wants of job seekers and employees. Overall compensation packages must include salaries and benefits that attract and retain the best workers your company can afford. Financial benefits.

Student Loan Repayment 101: The Lowdown on 2020’s Hottest Employee Benefit

PlanSource

Chances are, you’ve probably heard about student loan repayment as an employee benefit. While innovative, student loan debt repayment as an employee benefit might not make sense for every employer. — What is Student Loan Repayment as an Employee Benefits? .

How Much Can Your Business Expect to Pay for Its Employee Benefits Program?

Embroker

In today’s hyper-competitive job market, employee benefits plans are an indispensable tool for snagging (and retaining) talented employees by differentiating your business from competitors. Additionally, employee benefits can improve your bottom line by engaging employees and improving their productivity, wellbeing, and work-life balance. But designing a great employee benefits program isn’t going to be cheap. Workers Compensation.

How to Help Employees Ease Into Retirement

Zenefits

Unfortunately, not everyone reaches retirement age with enough in their 401(k) or other savings. A Northwestern Mutual study reported that 21% of people in the United States say they don’t have anything saved up for retirement. Why you should help with employee retirement.

Consequences of Outdated Employee Benefits Systems

Zenefits

Technology is making remarkable strides across the employee benefits landscape. A 2019-2020 survey found that the vast majority of organizations are utilizing a benefits application in some shape or form. Benefits administration is regarded as the most complex HR process.

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

Genesis HR Solutions

Are you wondering whether a Professional Employer Organization (PEO) or payroll service provider is the best fit for your company’s needs? What is a payroll provider? A payroll service provider is a third-party company hired to process a company’s payroll.

How to Create an Effective Compensation System

Decusoft

What is a compensation system ? A compensation package , also known as a “ total compensation plan ,” includes all of a company’s pay structure elements, such as wages, salaries, benefits, and total payout terms. Base salary compensation .

HR Tech news this week: Oct. 25-29

HRExecutive

How AI is helping drive employee financial wellness: C-suite and senior management often assume that financial stress only impacts new workers and low-level employees, but money worries are sadly universal.

CHRO 59

How to Process Payroll

Paycor

The best way to process payroll is to not process payroll. Your HR & Payroll provider should do that for you. The truth is payroll is too time intensive and complicated (especially if your business has locations in more than one state). Employee addresses.

Compensation Management is Important in Every Company

NGA Human Resources

Compensation management is vital for employee motivation. Everyone should be recognized for the value they bring to organizational success; not just those in companies with 1,000s of employees, and millions of dollars a year in salaries. For many reasons, effective and fair compensation management is a must for every business. Employees who are recognized for the value they bring are more likely to be motivated, loyal and higher performing than those who’re not.

401(k) glossary: Your guide to retirement terminology

Guideline

Saving for retirement should be simple. But whether you’re an employer sponsoring a 401(k) plan or an employee just trying to save, it can feel like the price of entry is an economics degree. Put some of the blame on retirement’s complex terminology.