Zenefits

MARCH 8, 2021

You might be surprised that fair compensation alone isn’t sufficient: according to a Willis Towers Watson study, 18% of employees making more than $100,000 are living paycheck to paycheck, and 39% of employees wouldn’t be able to come up with $3,000 if an unexpected need arose within the next month.

Wellness 62

Wellness Planning Tools Retirement Certification 62

Zenefits

JANUARY 7, 2019

Today’s HR professional is beginning to reap the benefits of the data collected from every step of the employee experience, from recruitment to retirement. That data can be pivotal in identifying skill gaps to address areas of need as well as plan future growth and learning for the employee that aligns with business goals and objectives.

HR Planning 41

HR Planning HR Software Analytics Assessment Software 41

Zenefits

FEBRUARY 7, 2023

As the poll showed, compensation is a significant determinant of whether a person accepts and stays in a position. Structuring a total compensation package assists the company in keeping employee satisfaction high and seats filled. However, employee compensation is more than their hourly wage.

Compensation 36

Compensation Zenefits Talent Experience Certification 36

Zenefits

FEBRUARY 3, 2023

Do you know what job seekers want when it comes to total compensation packages? A total compensation package goes beyond your new hires’ base pay rate. By offering competitive employee compensation , you can attract and retain talent who will help your business thrive. What is an employee compensation package?

Compensation 36

Compensation Wage and Hour Training Retirement Hiring Software 36

Zenefits

MAY 11, 2023

Payroll costs are all the costs that an organization needs to pay to compensate its employees for their labor. These costs typically include total employee compensation, the employer’s portion of payroll taxes , administrative expenses, and more. Retirement plans, including 401(k), savings, and pension.

Payroll 36

Payroll Wage and Hour Training Staffing Software Planning Tools 36

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 36

Compensation Wage and Hour Training Bonuses and Incentives Retirement 36

Zenefits

JANUARY 15, 2021

Annual raises and bonuses can put these staff members at the highest level of compensation, often for decades, as their organization waits for them to retire. If they don’t, it may be time to develop an Early Retirement Incentive Program. Are they retirement ready? An ERIP can be beneficial in more ways than financial.

Retirement 46

Retirement Bonuses and Incentives Guidelines Outplacement 46

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 36

Compensation HR Planning Bonuses and Incentives Retention and Turnover 36

Zenefits

JUNE 12, 2023

Provide benefit packages for employees, including benefits such as health insurance and retirement plans. Administer unemployment benefits and workers’ compensation. Workers’ compensation insurance. Industry: If employees are highly paid, PEO costs will be higher as well. Recruit, hire, and fire staff.

HR Planning 36

HR Planning Background screening Hiring Software Staffing Software 36

Zenefits

JANUARY 1, 2023

Retirement (33%). As for getting noticed for doing their jobs well, 42% of those in the study feel their employers don’t recognize their efforts. Quiet promotion generally doesn’t work well for employees, as the study results show, and that’s not good for employers. Better pay and/or benefits elsewhere (35%). Salary cuts.

Hiring Software 76

Hiring Software Retention and Turnover Company Staffing Software 76

HR Digest

JANUARY 11, 2021

Zenefits – Best HR software people management. The platform also offers additional HR features to make it easier to manage onboarding, wages, and insurance, as well as providing general support. BambooHR is a leading cloud-based HR software provider that specializes in hiring, onboarding, benefits, compensation, and company culture.

HR Software 71

HR Software Onboarding Software Recruiting Software Planning Tools 71

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 36

HR Planning Compensation Talent Experience Guidelines 36

Zenefits

JANUARY 20, 2022

January is Financial Wellness Month. Many people-first HR and People Operations teams recognize the benefits of a holistic financial wellness program , making it one of the most sought-after employee benefits programs. Here are a few best practices to get your teams participating in Financial Wellness Month.

Wellness 66

Wellness Onboarding Software Planning Tools HR Software 66

Zenefits

JANUARY 16, 2019

For employers, compensation comparison can feel a bit intimidating. Let’s take a look at some best practices for compensation comparison and determining compensation for employees. In this article, we’re going to discuss 5 best practices for compensation comparison and salary determination. Set a pay range. Stay flexible.

Comparison 34

Comparison Compensation Hiring Software Zenefits 34

Zenefits

APRIL 10, 2023

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. A competitive compensation package with an attractive employee benefits package can be crucial to strategic business development.

Employee Benefits 36

Employee Benefits HR Planning Wage and Hour Training Retirement 36

Zenefits

MARCH 2, 2022

Ankur Patel , Director of Product Marketing at Zenefits, identifies 4 critical trends and the forces behind them for small and medium-sized businesses. . They opt for early retirement or go freelance, taking advantage of emerging gig opportunities. A holistic approach to employee well-being. Now, it’s even more important.

Talent Experience 60

Talent Experience Hiring Software Assessment Software Planning Tools 60

Zenefits

MARCH 7, 2019

These workers typically don’t add to the rolls on health and wellness plans. Typically employers don’t offer other contingent staff benefits, like retirement plan contributions, education benefits, sick, vacation and personal time off. They may bring more to the table, as well. appeared first on Zenefits Blog.

Hiring Software 31

Hiring Software ATS Wage and Hour Training Staffing Software 31

Zenefits

JULY 12, 2018

Crafting or updating a compensation plan can be daunting for small to midsized business, but whether you have one or not, it’s important to align with prevailing conditions. To attract and retain talent in a tight applicant market, it’s crucial to create a structured compensation strategy or update your current plan to meet demand.

Compensation 31

Compensation Bonuses and Incentives Payroll Talent Experience 31

Zenefits

NOVEMBER 28, 2020

Overall compensation packages must include salaries and benefits that attract and retain the best workers your company can afford. Zenefits recently polled 1,100 employees of small to medium-sized businesses about their top choices for benefits. More than half of those polled cite a retirement plan as an important benefit.

Employee Benefits 74

Employee Benefits Compliance Training Zenefits Retirement 74

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. You can attract and retain employees by putting a retirement education program in place. Objection #2: Retirement plans cost too much.

Planning Tools 31

Planning Tools Zenefits Retirement How To 31

Empuls

MAY 7, 2023

Employee benefits programs are an integral part of any organisation's compensation plan. They provide a range of benefits and perks to employees beyond their regular wages, including health and wellness benefits, retirement benefits, time-off benefits, employee perks and discounts, and educational assistance.

Employee Benefits 40

Employee Benefits HR Software Hiring Software Planning Tools 40

Zenefits

SEPTEMBER 12, 2018

As the labor market tightens and your small business is struggling to compete with the compensation packages of larger companies, what can you do to attract the right job candidates? These can include bonuses such as free meals, recreational and wellness programs, learning and development opportunities, and other similar policies.

Zenefits 38

Zenefits Retirement Competencies Compensation 38

Zenefits

FEBRUARY 24, 2022

A typical benefits plan includes both the employee’s compensation and non-wage perks like health insurance and pension plans. Benefits and incentive bonuses are all part of the compensation package your HR department offers employees. Health and wellness perks. What benefits matter to employees in 2022? MetLife’s U.S.

Employee Benefits 36

Employee Benefits Bonuses and Incentives Wage and Hour Training Planning Tools 36

Guideline

JUNE 10, 2020

We get it—employer retirement plans come with a lot of moving parts, making it tempting to put off the decision to switch 401(k) plan providers. But with some careful planning, you can give your employees the best-in-class retirement offering they deserve. Freeze retirement account changes. Sound easier said than done?

Planning Tools 52

Planning Tools Retirement How To Guidelines 52

Zenefits

JUNE 29, 2021

It’s important to watch not just your healthcare spending , but other benefits expenditures as well. Preventative health and wellness plans. Retirement savings and planning benefits. Financial and compensation benefits. Meanwhile, employers are basically on their own. ” 1. Leave benefits. Family-friendly benefits.

Employee Benefits 68

Employee Benefits Planning Tools Hiring Software Onboarding Software 68

Zenefits

MAY 21, 2019

and just 26 percent of them have access to an employer-sponsored retirement plan. It doesn’t just alleviate retirement anxiety among your employees, it helps recruit and retain top talent in the first place. These startup costs include any necessary plan setup and administration fees, as well as any money spent on employee education.

Retirement 31

Retirement Zenefits Compensation Competencies 31

Zenefits

SEPTEMBER 12, 2018

As the labor market tightens and your small business is struggling to compete with the compensation packages of larger companies, what can you do to attract the right job candidates? These can include bonuses such as free meals, recreational and wellness programs, learning and development opportunities, and other similar policies.

Zenefits 28

Zenefits Retirement Competencies Compensation 28

Zenefits

NOVEMBER 12, 2021

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. The practice of using paid time off to compensate nonexempt employees for overtime hours worked. Compensatory Time-Off.

Employee Benefits 36

Employee Benefits HR Planning Retirement ADP 36

Zenefits

OCTOBER 12, 2020

Public sector jobs are well known for their unparalleled job security, steady raises, and robust state employee benefits. But health insurance, retirement plans, and other postemployment benefits (OPEBs) are commonly available to eligible state employees in all 50 states. Retirement plans. Common state employee benefits.

Employee Benefits 36

Employee Benefits Planning Tools Retirement Compensation 36

Zenefits

JANUARY 30, 2019

As the founder and CEO of Guideline , a lot of small business owners ask me about the first steps involved in offering their employees a retirement plan. But in the retirement savings world, this isn’t always the case. It’s no secret that the best talent expects the best compensation packages. Recruitment and Retention.

Retirement 49

Retirement Planning Tools Guidelines Zenefits 49

Zenefits

OCTOBER 13, 2021

Health insurance, employee assistance programs, mental health services, bonuses, work-from-home opportunities, and retirement savings are just a few of the popular benefits programs. It takes several factors into account, including total benefits costs, cost-sharing measures, plan designs, voluntary offerings, and worker’s compensation.

Benchmarking 36

Benchmarking Planning Tools Zenefits Retirement 36

Zenefits

NOVEMBER 12, 2020

Remember that healthcare coverage provided by employers provides more than peace of mind to staffers — there are tax benefits as well. The first $50,000 of life insurance coverage a business provides its employees can be deducted from the worker’s overall compensation — lowering their, and their employee’s, payroll tax obligation.

Employee Benefits 70

Employee Benefits Hiring Software Retirement Planning Tools 70

Zenefits

JANUARY 24, 2019

These perks include things like health insurance, life insurance, and retirement. Implement an HR software solution to help manage training and development, compensation, rewards, and engagement. Cut costs and keep your organization running like a well-oiled machine by developing an employee retention strategy.

Retention and Turnover 53

Retention and Turnover HR Software Zenefits Talent Experience 53

Zenefits

JANUARY 6, 2023

These potential employees seek jobs with their best health and wellness interests in mind. The basic combination of employee benefits includes retirement plans, life insurance, healthcare plans , vision and/or dental insurance, and PTO. are eligible for workers’ compensation if they are injured while on the clock.

Employee Benefits 68

Employee Benefits HR Planning Onboarding Software Planning Tools 68

Zenefits

JUNE 13, 2022

Forty percent of employees surveyed chose healthcare benefits over competitive salaries, retirement plans, or bonuses. According to the Willis Towers Watson , this includes considering options such as: Onsite health initiatives: More than half of employers offer onsite health and wellness programs. Username or Email Address.

Planning Tools 36

Planning Tools Onboarding Software Payroll Benchmarking 36

Zenefits

MARCH 13, 2019

In a flex benefits plan, employees have the same amount of money allocated to their total compensation , regardless of whether they apply it to benefits (on a pre-tax basis) or receive it in cash as part of their taxable salary. Most often, employers offer health, dental, and disability insurance, as well as retirement savings.

Planning Tools 34

Planning Tools Retirement Payroll Compensation 34

Zenefits

JANUARY 2, 2023

They also help employees prepare for retirement. Operating the 401(k) plan — e.g., participant eligibility, contribution and compensation limits, withholding pretax and after-tax contributions, remitting employee contributions, required minimum distributions, Form 5500 filing, and nondiscrimination testing.

Planning Tools 36

Planning Tools HR Software Retirement Compliance 36