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M&A Friday! This Week’s HR Deals

Advos

Our weekly recap of funding, mergers & acquisition, and partnership news from the human resource, recruitment and employee benefits marketplace is below. Zenefits Expands Strategy to Power Insurance Brokers; Announces Groundbreaking Partnership Program, Beginning with OneDigital. HR-JSON Benefits and Compensation Standards.

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What Are Employee Benefits and Why Do They Matter?

Zenefits

In terms of human resource management, employee benefits are compensation provided in addition to base pay or wages. They’re considered part of the employer’s total compensation costs. Some benefits are optional; others are mandatory. Some benefits are optional; others are mandatory.

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Payroll Challenges to Overcome in 2023 and Beyond

Zenefits

In this article, we address payroll challenges relating to: Payroll tax rates and employee benefits limits. Compensating diverse and distributed workforces. Payroll tax rates and employee benefits limits. Transit and parking benefits. Compensating diverse and distributed workforces. Payroll talent.

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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.” Benchmark benefits. This will give you a solid grasp of what other employers are paying for employee benefits.

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6 Compensation Trends for the Year Ahead

Zenefits

In its wake emerged the need to attract new talent in order to compensate for ongoing labor shortages. But it’s still important to have a robust compensation package to help secure new hires to fill your open positions. According to BLS, total employer-to- employee compensation costs for civilian employees averaged $41.86

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How Indirect Compensation Shapes a More Attractive Work Package

Zenefits

And 2 overarching types of compensation are direct and indirect compensation. While direct compensation is more well-known and finite, indirect compensation may boost morale and help with retaining employees. We’ll also look at several indirect compensation examples. What is indirect compensation?

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Incentive Compensation: Why Your Strategy Might Include It

Zenefits

While almost every employee appreciates a regular paycheck, they can get accustomed to the same pay every week, month after month. Many organizations opt for an incentive compensation program as part of their total compensation strategy. What is incentive compensation? Why are incentive compensation plans valuable?