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Compensation Challenges for Family Businesses

Astron Solutions

Since employees are often related to each other, developing and maintaining fair & appropriate compensation plans can be difficult. In this Astronology® , we will review some compensation challenges that family-owned businesses face. Unique Compensation Advantages and Challenges for Family-Owned Businesses.

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Is a career in HR right for you?

HR Digest

HR professionals are responsible for several functions: supporting and developing the workforce of an organization, compensation, and benefits of employees, employee training, recruitment and hiring, placement work, information systems, and assisting employees. Flexibility. The HR, in short, manages people.

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Checklist for HR Department: A Step by Step Guide

HR Digest

Others prefer to outsource the hiring process and have an accountant do the payroll. Startups rarely have a dedicated HR staff, and often there’s one person handling all human resource affairs such as hiring, payroll, benefits and compensation, grievances, and other employee-related tasks and queries.

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Workforce Management: Everything You Need to Know

Zenefits

According to CIO Magazine , “Implemented correctly, WFM can help companies reduce costs and improve customer service through consistent and automated monitoring of the workforce.”. Compensation planning. Payroll administration. Compensation. You can use this information to make stronger decisions in these areas.

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The Affordable Care Act, and Why You Can’t Afford to Ignore It [UPDATE]

ACA Times

I wrote a five-part series about the ACA for “Construction Business Owners Magazine” in 2015. It affects your employee benefits cost, it can impact your workers’ health (and yours), and it requires your HR and payroll departments to prepare detailed reports that must be filed with the IRS.

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How to handle compensation during uncertain times

Insperity

When businesses go through a crisis resulting in abnormal (or interrupted) operations and significant economic challenges, many companies look to their compensation budgets as an obvious means of cutting costs. Creative compensation strategies for struggling businesses in crisis. Hiring freezes. Elimination of perks.

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Employees Want Better Benefits, Study Shows They're Willing to Leave Current Job for Better Retirement Options

Guideline

To be assured you’re offering the right rates for your area and job opportunities, try using compensation software or tools that give insights to reasonable pay ranges for your positions. Here are a few companies that help with compensation management: Anaplan Glassdoor Zenefits 2. It can also help keep your balance sheets in check.