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Do You Have a Human Resources Strategy? Here’s Why You Need One

Zenefits

Many experts agree that employees, or our human resources, should be seen as an asset. A human resources strategy is essential for business success and continuous growth. What is a human resources strategy? First, let’s start with the definition of a human resources strategy. Engagement.

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HR vs. Payroll: What’s the Difference?

Zenefits

Payroll and HR often work together, but seeing where the line gets drawn can be challenging. With small teams, HR can handle payroll, making the lines even blurrier. If your organization has two separate departments or you want to create them, it’s time to learn the difference between payroll and HR. What are HR functions?

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Retirees Are Re-entering the Workforce: What It Means for Employers

Zenefits

Retirement-aged employees, as well, found themselves heading for the door. The Employee Benefits News website says , “Retirement-aged employees were the first to go when COVID began.” As employers sought to cut costs to cope with the economic fallout from the pandemic, many decided to begin with retirement-aged employees.

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Attracting Top Talent in Today’s Evolving Workforce

Zenefits

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. Diversity and inclusion. 74% of leaders plan to increase spending on HR tech.

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How to Handle Age Discrimination in Hiring and Retention

Zenefits

But many HR managers and small business owners are looking to reduce ageism in the workplace. A 64-year-old Apple executive was denied a retention bonus worth $800k — for the first time in 11 years — allegedly because the HR team no longer believed he required an incentive due to being close to retirement age.

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How to switch your 401(k) provider

Guideline

When you aren’t happy with your 401(k) plan, it might be time to review other plans providers. 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. Many 401(k) providers charge employers and plan participants hidden fees.

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The Evolving Role of Small Business HR Professionals

Zenefits

Small business HR professionals have a dynamic role. Formerly known as “personnel,” small business HR has come a long way from a department primarily focused on tactical execution of tasks like payroll and benefits administration. These tools have led HR staff to free up time and energy to focus on initiatives with bigger impact.