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How to Know Which Insurance Policies Cover HR Claims

Zenefits

Like accounting or IT departments, the human resources department handles sensitive data and must often handle difficult situations. An employee discriminates against a customer. Eight of the 10 most expensive settlements were related to gender discrimination—just one of the categories protected under federal law. Medical leave.

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The ADEA – What You Need to Know

Zenefits

Knowing they have the protection of the ADEA, many Americans now say they’re likely to work past age 65 , and most employers no longer have mandatory retirement ages. But one of the biggest hurdles facing older workers is age discrimination. settled an EEOC age discrimination lawsuit in 2020. ” What is the ADEA?

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Is Your Compensation Fair? How to Create a Compensation Plan That Works for Everyone

Zenefits

If you have data or feedback from exit interviews that highlight the true cost of employee turnover due to poor compensation and employee benefits, use it. The more hard data you have that links compensation strategy to business goals, the more likely it will be that executives vote yes to raise wages. Retirement planning services.

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The Small Business Guide to Employee Records

Zenefits

Employee identification data includes the employee’s full name, Social Security number, address and ZIP code, birth date, gender, and occupation. The Employee Retirement Income Security Act of 1974 (ERISA) requires all records to be kept for six years. ERISA-covered plans include: Retirement. Employment documents: 1 Year.

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The Big List of 401k FAQs for 2020

Zenefits

For most workers, their 401(k) retirement plan and Social Security (FICA) contributions are the financial safety net they will rely on when they reach retirement age. In short, a 401(k) is a company-sponsored, defined contribution plan that allows employers to set aside pre-tax dollars for retirement.

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Here’s the Ultimate Tool for Tax Compliance in 2019

Zenefits

I am a 30-year-old entrepreneur navigating the business world, attempting to get ahead in life by building new businesses and hopefully discovering that pot of gold along the way that leaves me happily retired. How to ensure your company doesn’t violate anti-discrimination laws, and. Sound familiar? And use this calendar to help.

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How HR Automation Can Help With Benefits Compliance

Zenefits

Employers are moving toward integrated HR technology because it eradicates repetitive data entry and minimizes errors. With integrated HR technology, benefits data is entered only once into a centralized database, which can be accessed for both HR and benefits purposes. Many integrated HR/ benefits systems include payroll as well.