Zenefits

SEPTEMBER 14, 2022

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. But how do you do it? Is it time to evaluate your company’s compensation package?

Compensation

Zenefits

FEBRUARY 7, 2023

How often do you talk to your employees about compensation? Many managers find employee compensation conversations uncomfortable. In this article, we’ll explore how to start a compensation conversation and why these discussions are important. What’s so important about discussing employee compensation?

Compensation

Zenefits

DECEMBER 20, 2021

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?

Compensation

Zenefits

FEBRUARY 7, 2023

To provide employees with fair and desirable compensation, savvy companies routinely conduct a compensation analysis. By identifying the right compensation strategy, you can establish a competitive pay structure to help attract and retain talent. What is compensation analysis? Why is compensation analysis important?

Compensation

Zenefits

DECEMBER 18, 2018

This is how to talk about pay at work. This data isn’t very accurate, and you should use caution when looking at it; “My friend works at a competitor of ours and makes more money than me” – Total compensation is made up of a lot of things, base pay, bonuses, other incentive pay, benefits, even free food in the office.

Hiring Software

Hppy

SEPTEMBER 30, 2022

This way, they’ll know what key performance indicators to track and how to manage tasks independently. . Knowing how to hire a virtual assistant is the first step to finding the perfect employee. Photo by Christina @ wocintechchat.com on Unsplash. Hiring a Virtual Assistant to Assist With HR. Using HR Software and Automation.

Hiring Software

Zenefits

FEBRUARY 7, 2023

Many organizations opt for an incentive compensation program as part of their total compensation strategy. An effective incentive compensation plan can produce an array of short- and long-term benefits for both employer and employee. What is incentive compensation? Why are incentive compensation plans valuable?

Compensation

Zenefits

FEBRUARY 11, 2023

Reinforce company values regarding learning and growth through rewards, recognition, promotions, and role-based compensation. Reinforce company values regarding learning and growth through rewards, recognition, promotions, and role-based compensation. Recognition and rewards emphasize the company’s value on career growth.

Career Development

Zenefits

JANUARY 8, 2019

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.

Compensation

Zenefits

MAY 6, 2022

Compensation increases and expectations. How to negotiate compensation. Knowing how to negotiate compensation with your team members in a way that makes them feel heard and valued is an essential skill to have as a manager. Zenefits has you covered. 65% of businesses are adding new full-time positions.

Trends

Zenefits

JULY 28, 2021

Assuring staff is compensated fairly, aligned with skills, experience, and market conditions, and that payroll drives your strategic plan forward is critical to business success. For many organizations, compensation is an afterthought. What is a certified compensation professional? . Coursework includes: Job analysis.

Compensation

Zenefits

APRIL 4, 2022

Below we outline the steps on how to create an employee retention program, and why you need one. We have advice here on how to address employee burnout. Read our tips here on how to make your workers feel valued , even remotely. We put together an extensive guide here and how to address engagement issues. Low engagement.

Retention and Turnover

Zenefits

JANUARY 23, 2019

In “The City by the Bay,” a small business account manager makes $65,000 per year compared to an account manager in Peoria, Illinois with the same level of experience who makes $52,500 (this is accurate salary data, taken from the Zenefits compensation management tool ). How to competitively position your business when hiring.

Hiring Software

Zenefits

DECEMBER 23, 2021

Premium pay, overtime premiums, shift differentials, and hazard pay are compensation categories to consider when calculating OT. These bonuses may include commissions, gainsharing, compensation for good-attendance, piece rates, and other monetary awards. Pay categories . Keep and update records on employees’ wages and OT. Remember Me.

Wage and Hour Training

Zenefits

JULY 12, 2017

Zenefits has partnered with best in breed business apps to bring you an easier way to connect your employees with the programming they’ve been asking you for. Our partners at PAi (CoPilot) speak to common objections you may face when advocating for a 401(k) plan, and how you can work through them.

Planning Tools

Zenefits

MARCH 4, 2022

Machine learning is changing the HR industry by teaching computers how to recognize certain patterns. They may even think twice about working for an organization with a bad reputation no matter what kind of compensation you offer them. One great way to simplify tasks is by using an all-in-one tool like Zenefits mobile HR platform.

HR Software

Zenefits

OCTOBER 15, 2018

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.”. How to Boost Morale Going into Fall. How to Navigate Different Types of Tax and IRS Forms. However, that’s not always the case.

Zenefits

Zenefits

DECEMBER 21, 2021

Employees expect fair compensation for the work they put in. To promote fair compensation , federal, state, and local governments have enacted equal pay laws. Pay audits matter because they enable fair compensation — which is critical to: Attracting the best people. Examine your compensation strategy. Decreasing turnover.

Hiring Software

Zenefits

FEBRUARY 15, 2017

When required for workers’ compensation laws or for insurance purposes. The post How to Safeguard Confidential Employee Information appeared first on Zenefits Blog. To first aid and safety personnel when an employee requires emergency medical treatment or assistance. What are Employers Allowed to Disclose?

HR Planning

Zenefits

FEBRUARY 7, 2023

Tracking and evaluating employee compensation metrics matters for maintaining a healthy, viable company. A company’s compensation philosophy plays into the quality of employees it keeps, how difficult retention will be, and how much competition it will face for talent. Understanding total compensation is essential.

Metrics

Zenefits

JANUARY 15, 2023

Compensation is likely at the top of many candidates’ considerations. That just means they’re more aware of how meaningful their experiences are. These virtues are more likely to exceed their need for immense compensation. The post How to Retain Millennial and Gen Z Employees appeared first on Workest.

How To

Zenefits

MARCH 8, 2021

Attracting and retaining talented employees is essential to keeping your business humming, but how can you make sure that your employees are bringing their best selves to their jobs? Visibility into all your financial goals in one place: It’s essential your employees know how to balance their near-term and long-term savings.

Wellness

Guideline

JUNE 10, 2020

How to Switch Providers Once you’ve landed on a new provider, you’ll need to break the news to your soon-to-be former vendor. While that upfront cost might be discouraging, remember that you could potentially more than compensate for those costs in reduced fees and greater returns over time. Prepare a new plan document.

Planning Tools

Zenefits

FEBRUARY 7, 2023

After you have selected the perfect candidate for a position, it’s time to offer the compensation package. This package commonly includes both annual compensation and annual salary. This is all relatively straightforward, but the distinctions between compensation vs. salary are meaningful for both employee and employer.

Compensation

Zenefits

APRIL 24, 2022

Read on to learn the average time to hire, the risks of not hiring quickly enough, and how to speed up your hiring process without sacrificing your quality of hires. How long should hiring take? How to accelerate the hiring process. You can get a leg up on the competition by shortening your time to hire. Streamline HR processes.

Hiring Software

Zenefits

JULY 24, 2022

With such a large expense account for employee compensation , a solid compensation strategy is a no-brainer. Proper compensation planning is essential to ensuring you are rewarding the right people for the right input. What are vital considerations in compensation planning? Why is compensation planning critical for HR?

HR Planning

Zenefits

DECEMBER 21, 2021

The answer could also be that they aren’t using market data to help them devise a sound compensation strategy. How and why applicants are responding/not responding. Determining someone’s salary based on their compensation history is unethical and limiting. That already sets you apart from many businesses.

Data

Zenefits

DECEMBER 10, 2022

One report found that knowing the estimated compensation for a position was the number 1 factor when deciding whether or not to apply. Today’s talent has priorities outside of compensation. Compensation is always a hot topic. The post How to Appeal to the Talent in Today’s Market appeared first on Workest.

Talent Experience

Zenefits

SEPTEMBER 19, 2022

How to grow employees with extrinsic motivation. All employees want to receive good compensation for their work. But one thing is certain; all of them want to be fairly compensated for their work. How to grow employees with intrinsic motivation. How to combine motivations for the most gain. Sense of autonomy.

How To

Astron Solutions

SEPTEMBER 9, 2019

We’ve written before on the purpose of compensation consulting and some top providers in that space. How to choose an HR consultant for your business. Compensation, payroll, and benefits management. Zenefits — Best for streamlined onboarding. Custom compensation and HR survey development, execution, and analysis.

Employer Branding

Zenefits

DECEMBER 22, 2021

When people are looking for their next career move, compensation is a top consideration. Being transparent about compensation will eliminate any suspicions that they’re being underpaid (a common assumption when pay is kept a secret ). In this article, we cover: What it means to have fair and equitable compensation.

Bonuses and Incentives

Zenefits

FEBRUARY 3, 2023

What is your company’s compensation strategy ? All sizes of companies can benefit from determining and outlining how they compensate employees for their work and the reasons behind those policies. A solid compensation strategy will specify a pay system incorporating both monetary and nonmonetary remuneration.

Compensation

Zenefits

JANUARY 21, 2022

In a recent poll, Zenefits surveyed employees and employers about return to the office. ” said Kevin Marasco, Zenefits CMO. ” said Kevin Marasco, Zenefits CMO. This isn’t about compensation. How The World of Work Has Changed. It’s about feeling seen and valued when you do excellent work.

Zenefits

Employee Communications Council

NOVEMBER 9, 2018

While there are questions about contract work and compensation for these remote workers, keeping them happy with fast payments and easy-to-use online dashboards is now easier than ever for businesses and HR departments. Employees know from the moment they start their new position how to protect their workplace and data. Conclusion.

HR Software

Zenefits

OCTOBER 26, 2020

View their compensation statements, which reveal their pay and benefits. Workers’ compensation. Measuring the effectiveness of your benefits program is vital to knowing what’s working and what’s not working, plus how to correct deficiencies. Access benefits resources, including general plan information. Unemployment insurance.

Hiring Software

Zenefits

JULY 26, 2018

Continue reading for how to go about reimbursing employee expenses correctly. . Your plan should outline what expenses are reimbursable; what documentation you will require in order to reimburse the employee; and how the reimbursement will be made (i.e. Creating a Reimbursement Policy. direct deposit, mailed check or otherwise).

Zenefits

Zenefits

JANUARY 24, 2019

Implement an HR software solution to help manage training and development, compensation, rewards, and engagement. Once you understand how to retain employees, you can develop an employee retention strategy. The post Why Employee Retention Should be a Top Priority for Small Business appeared first on Zenefits Blog.

Retention and Turnover