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Benefits Coordinator Job Description: Salary and Job Responsibilities (with Examples)

Analytics in HR

From healthcare and retirement plans to wellness initiatives and flexible work arrangements, their expertise in navigating the complex world of benefits administration is crucial for attracting and retaining top talent. Coordinate with HR or the payroll team for payroll deductions. Contents What is a Benefits Coordinator?

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Your Ultimate HR Compliance Checklist for 2024

Analytics in HR

This includes employment areas such as recruitment and hiring practices, compensation and benefits , workplace safety, employee classification, records retention, non-discrimination and anti-harassment policies , and labor relations. The risk of non-compliance can be detrimental. Since 2000, U.S. Why is HR compliance so essential?

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

Netchex HR Blog

The Bureau of Labor Statistics has found that benefits make up around 30% of the total compensation for each employee, as costs continue to increase. You might offer a partial match on programs like retirement savings, but other voluntary benefits are relatively inexpensive for the company. Manage benefits cost.

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Penalties for Benefits Noncompliance

Zenefits

Inflation is not only fueling price increases; it’s also requiring employers to pay more in penalties for not complying with benefits laws under the Employee Retirement and Income Security Act of 1974 (ERISA). The American Express railroad company set up the first retirement plan in 1875. Retirement. Notification rules.

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HR services for small business

Tandem HR

Rarely do you find a business started for the sheer thrill of processing payroll or because hiring and firing people is a hobby. Processing payroll, benefits shopping, employee relations, and a host of other HR services for small business are obligations of employers, not options. Payroll processing. HIPAA compliance.

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Consequences of Outdated Employee Benefits Systems

Zenefits

Benefits applications are often integrated into cloud-based human capital management (HCM) technology, to streamline the HR, benefits, and payroll functions. Technology is making remarkable strides across the employee benefits landscape. But not all employers have embraced integration or even automation.

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How Co-Employment Relationships Benefit Businesses

Insperity

Business owners who outsource HR tasks via a co-employment relationship benefit from the following: Access to better health and retirement benefits. Reduced payroll and accounting costs. Workers’ compensation management. Many small business owners fear workers’ compensation claims and lack the knowledge to navigate the process.

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