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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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Want a Career in Human Resources? Your In-Depth (2023) Guide

Analytics in HR

HR must ensure they receive the correct pay and benefits, such as health insurance, retirement plans, wellness programs, and leave credits. HR also manages payroll and prepares and documents HR policies and procedures. In benefits and payroll, HR must be diligent with deadlines to ensure employees receive their salaries on time.

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What Brokers Can Be Thankful For This Year

Extensis

Employee benefits Your clients rely on you to present cost-effective benefits packages that cater to their increasingly diverse workforces —and that need will remain steadfast. ExtensisHR does all that and more with its: Breadth of HR services , including payroll and tax administration , HR road mapping, and dedicated HR guidance.

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Top HR Challenges Found in HR Dive’s 2022 Identity of HR Report

Extensis

According to the data, HR service vendor use increased in nearly every category: Payroll services jumped 15% year-over-year (from 53% of respondents using the services in 2021 to 61% this year). Interestingly, small businesses with HR departments with a headcount between one and five employees were more likely to use payroll vendors.

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Employees are saving more for retirement. What HR is doing right

HRExecutive

And, apart from better retirement preparedness, employers continue to have a lot to gain by supporting employees’ financial wellness. Rather, employers are increasing access to savings accounts or setting up payroll deductions to make saving easier with an out-of-sight, out-of-mind approach.

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How to Leverage Powerful 4-Phase Workforce Planning with HR Analytics

Hire Road

Without workforce planning, businesses can easily become overstaffed with excessive payroll expenses or understaffed and unable to meet customer or client needs. These insights serve as the bedrock of effective workforce planning, highlighting issues such as looming retirements or high turnover rates among younger employees.

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The Complexity of Compensation and Benefits in Modern Workplaces

EmployeeConnect

Benefits administration encompasses a wide array of offerings, including healthcare, retirement plans, paid time off, and additional perks such as wellness programs and tuition reimbursement. However, despite technological advancements, payroll management remains susceptible to errors and compliance risks.