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Employee Benefits Enrollment Software: Boost 2021 ROI

SwipeClock

Does your HR toolkit contain employee benefits enrollment software? If not, you aren’t getting the benefits of your benefits. You choose benefits packages carefully because you want to attract high performers. Increased employee turnover.

Why You Need a Seamless Hiring, Payroll and Employee Benefits Platform

Hireology

The more time HR leaders spend on manual tasks, the longer it takes to move forward with hiring steps and get back to current employees who have HR-related issues or questions. Ultimately, this leads to both a frustrating candidate and employee experience. . To cut back on administrative tasks, your team can partner with a seamless hiring, payroll and employee benefits platform, which can make HR processes more efficient, saving your team time and money.

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7 essential retirement plan questions

Insperity

It’s no secret that current and prospective employees want their employer to offer a retirement plan. Whether your company is looking for a new retirement plan provider or reviewing your current retirement benefits, the first thing you need to understand is one size does not fit all.

7 Reasons You Need a PEO vs. Payroll Services

Stratus

Nine times out of 10, when I’m first talking to someone about their company’s needs, they jump right to payroll. It makes sense since payroll is a critical piece to employment and subsequently the number one service outsourced by small businesses. Here’s why: PEOs offer affordable employee benefit plans. Come for the payroll, stay for the stellar benefits ! PEOs administer employee benefits, too. PEOs do all of this AND payroll.

6 Ways to Decrease Rising Employee Benefits Costs

Zenefits

In a 2021 Kaiser Family Foundation survey , “nearly 90% of large employers surveyed believe the cost of providing health benefits to employees will become unsustainable in the next five-to-10 years, and 85% expect the government will be required to intervene to provide coverage and contain costs.”

The Best Way to Process Payroll [Updated for 2020]

SwipeClock

Or you own an existing one that is moving into the realm of employees. Payroll is one of the most important processes to handle correctly. Learn to Process Payroll Efficiently and Legally. We’ve created a comprehensive 5-part payroll processing guide to help you.

5 Key Elements to Look for in a Payroll Platform

Hireology

Payroll and related costs can make up 50 percent – or more – of total business costs, so it’s critical to ensure you’re partnering with the right payroll platform to avoid costly errors and drive efficiency across your business. .

5 Key Elements to Look for in a Payroll Platform

Hireology

Payroll and related costs can make up 50 percent – or more – of total business costs, so it’s critical to ensure you’re partnering with the right payroll platform to avoid costly errors and drive efficiency across your business. .

PeopleStrategy Partners with FinFit to Bring Financial Wellness to Small and Mid-Sized Employers

PeopleStrategy

FinFit’s platform is now available to more than 200 PeopleStrategy clients, offering complete access to essential financial tools and resources to improve employees’ financial well-being. EDISON, N.J.,

What Are the 4 Major Types of Employee Benefits?

Zenefits

In the war on acquiring and retaining talent, the most generous benefits package a company can provide typically tips the scales in your favor. Workers are looking for the best starting wage they can leverage, but benefits and perks are as much a part of the equation as dollars.

How to Process Payroll

Paycor

The best way to process payroll is to not process payroll. Your HR & Payroll provider should do that for you. The truth is payroll is too time intensive and complicated (especially if your business has locations in more than one state). Employee addresses.

The Future of Payroll: 7 Trends to Watch

CakeHR

In most cases, the penalties are for payroll errors. This is why finding a way to optimize the payroll process and reduce any mistakes is essential. Staying on the cutting edge of payroll technology and trends is the best way for a business owner to discover the right way to handle this essential part of their business. employees – or 54% of the American workforce – are affected by payroll problems. Are you curious about the future of payroll?

PeopleStrategy and Peanut Butter Partner to Bring Student Loan Assistance Programs to SMB Employers

PeopleStrategy

Being able to offer highly sought-after benefits such as student loan resources and repayment is another way we can help our clients differentiate themselves,” said PeopleStrategy Chief Growth Officer, Jim Prekop. Peanut Butter is the benefits administrator for Student Loan Assistance.

401(k) glossary: Your guide to retirement terminology

Guideline

Saving for retirement should be simple. But whether you’re an employer sponsoring a 401(k) plan or an employee just trying to save, it can feel like the price of entry is an economics degree. Put some of the blame on retirement’s complex terminology.

Essentials for Your Small Business Payroll Budget

Zenefits

Payroll is a significant and recurring employer expense, which can cut into the profit margin if improperly managed. The key is to not overspend or underspend on payroll — and a payroll budget is essential to achieving this objective. Employee benefits.

A Guide to Employee Benefits in Canada

Rise

E mployee benefits in Canada can run the gamut from basic health care plans to travel benefits, company cars, and cellphones, so it’s easy to see why some businesses have trouble deciding what’s best for their organisation. More importantly, it can be difficult to keep track of the constantly changing rules surrounding taxes and employee benefits in Canada. Examples of taxable benefits include: Company cars.

Two More Reasons HSAs Are Essential for a Healthy Retirement

HR Daily Advisor

Health Savings Accounts (HSAs) can be used to save for both current and future health expenses, demonstrating their value as a tool for physical and financial health today and in retirement. In addition to the triple tax advantage and investment capability that was discussed in yesterday’s article , here are reasons three and four to consider adding HSAs to your employee benefit package. HSAs offer additional flexibility and benefits that other retirement accounts don’t.

Is Your Retirement Plan Ready for a DOL Investigation?

HR Daily Advisor

Department of Labor (DOL) investigation of an employer-sponsored retirement plan may originate in a variety of ways. It can be prompted by participant complaints, information obtained during an Internal Revenue Service (IRS) audit, information obtained from the plan’s service provider, data found in the plan’s annual Form 5500, or simply by a new initiative put forth by the federal agency. The post Is Your Retirement Plan Ready for a DOL Investigation? A U.S.

How Does Payroll Processing Work?

Paycor

Processing payroll is one of the most important, but time-consuming and frustrating tasks businesses face. Ensuring accurate and timely payroll requires attention to detail and careful record-keeping, and it’s one of the top reasons why companies rely on a payroll partner who has the experience to handle complex regulations. Here’s what’s included: Step 1 – Employee Information Gathering. Bank information (if direct deposit is an option).

Driving Employee Engagement: 4 Criteria to Look for in a Payroll and HR System

Hireology

Your team likely puts a lot of effort into keeping candidates engaged throughout the hiring process but it’s just as important to support employee engagement post-hire. In today’s applicant-driven economy, if you don’t offer your team a top-notch employee experience, your most qualified employees won’t hesitate to seek opportunities elsewhere. . Most employees spend the majority of their first day filling out administrative paperwork.

Employee Benefits 101: An Employer Guide for Growing Companies (Part One)

Namely

Welcome to Employee Benefits 101, a collaboration with Namely’s very own benefits team. Today’s post is the first of two in a series on managing benefits at your growing company. Ah, benefits. An important employee offering at any company—from the newest startup to the world’s best-known brand. You may find yourself setting up benefits enrollment for the first time. What kind of coverage can employees expect from you?

The Payroll Setup Checklist: everything you need to know to get started

Zenefits

Between browsing different platforms, managing your employee data, and conducting the appropriate research, the process of switching payroll services or starting a new one has a lot of moving parts. What information is absolutely necessary for me to provide? Is this what’s best for my employees? To get started on a new payroll system, there are a few pieces of information you’ll need to have ready– here’s our payroll setup checklist.

Paycheck Protection Program (PPP): What You Need to Know About Payroll Protection

Paycor

You need payroll protection. This offers federal guaranteed loans to businesses with fewer than 500 employees to cover payroll and other essential costs. And here’s the best part—if you use the funds to retain (or rehire) your employees, the loans don’t need to be repaid.

401(k) 101: A Benefit for Employers and Employees Alike

HR Daily Advisor

Since 401(k) retirement savings plans first appeared in the early 1980s, they have grown rapidly. Today, they are one of the most popular and widespread employee benefits. A 401(k) plan offers employees the opportunity to defer a portion of their compensation into individual tax-deferred accounts on a pretax basis, thus avoiding income tax on those “deferred compensa­tion” amounts until the money in their accounts is distributed. Employee Communication Is Key.

PPP Loan FAQs for Employers

Stratus

It states: “You must… submit such documentation as is necessary to establish eligibility such as payroll processor records, payroll tax filings, or Form 1099- MISC, or income and expenses from a sole proprietorship. ” What is included in employer payroll costs?

All you need to know about Salary Structure in India

Keka HR Blog

Salary structure in Indian payroll is a ceaseless process. Activities in Payroll Management are never marked as done. However, organizations are now shifting to cloud-based payroll management software solutions for perfect processing of every month’s payroll.

The Employee Experience: how the right benefits can bolster engagement

Interact-Intranet

We often see employees as tools, workers, and instruments for a greater goal. Yet, some companies do not put the proper attention to growing and retaining even their most capable employees. Employee Experience & Benefits. High turnover rates, low engagement, and decreased productivity are easily blamed on employees, but unfortunately, the blame lies with the organization. To combat these factors, companies need to place focus on employee experience.

The Employee Experience: how the right benefits can bolster engagement

Interact-Intranet

We often see employees as tools, workers, and instruments for a greater goal. Yet, some companies do not put the proper attention to growing and retaining even their most capable employees. Employee Experience & Benefits. High turnover rates, low engagement, and decreased productivity are easily blamed on employees, but unfortunately, the blame lies with the organization. To combat these factors, companies need to place focus on employee experience.

Attract And Manage Top Talent In Your Small Business

SuccessFactors

For a small business owner, attracting and managing these vital employees can be a source of high anxiety. Ensure you share information about your company and vision. Stand out with your benefit offerings. However, being small often allows you to have more flexibility within your company, and with a smaller team, you can often offer unique benefits and perks to prospective employees. Improve employee engagement.

Don’t Let Your Data or Participants Get Lost in Space

HR Daily Advisor

Today’s equivalent of Dr. Smith is an unauthorized computer hacker who breaks into data security systems and wreaks havoc on confidential information. The possibility of cyberdata sabotage is now a day-to-day threat that frequently makes the headlines—and employee benefit plans are not spared exposure to data sabotage. Employee benefit plan administration has become an outsourced commodity. They should consider extending that process to retirement plans.

An Internal Plan Audit Team Essential for Anticipating Changes

HR Daily Advisor

This includes complying with the Internal Revenue Code, the Employee Retirement Income Security Act (ERISA), and the regulations under both. Forming a team — with representatives from each department that touches the retirement plan — is a prudent way to stay abreast of plan developments while documenting any changes or updates as they occur. This column takes a look at best practices and benefits of establishing an internal plan audit team.

PeopleStrategy Partners with New Benefits to Provide Clients Access to an Expanded Set of Benefit Solutions and Services

PeopleStrategy

EDISON, N.J. — (September 24, 2019 ) — PeopleStrategy, Inc.® , a full-service brokerage and provider of comprehensive, cloud-based human capital management (HCM) solutions, and New Benefits , a leading provider of non-insured benefit solutions and services, have partnered to provide employers with innovative products that help their employees improve wellness, lower healthcare costs and protect themselves and their families. Contact Information. About New Benefits.

What to Include in an Employee Handbook

Patriot Software

As your small business grows, you will need a strong employee handbook to set expectations for employees. Knowing what to include in an employee handbook can help you better enforce your business’s rules and policies. What should you include in an employee handbook? Creating an employee handbook, or employee manual, allows you to reinforce workplace policies and employee guidelines. Spell out what you expect from employees. Benefits policy.

Your Guide to Take-home Pay

Patriot Software

As an employer, you are responsible for withholding various taxes from employees’ wages. Take-home pay consists of the income an individual receives after taxes, benefits, and other contributions are deducted. An employee’s take-home pay is the difference between their gross pay and deductions. Depending on the type of small business employee benefits , individuals may also have additional deductions taken from each paycheck. Other payroll deductions (e.g.,

Supporting The Growing World Of Independent Contractors: Standard Components of All Future Careers

SuccessFactors

The range of socially and professionally acceptable work options has expanded substantially, with win-wins for both parties, as workers gain flexibility and corporations benefit from focused resources fulfilling targeted needs. However, the ecosystem surrounding 1099 workers is still missing vital elements compared to the employer-centric environment supporting full-time employees. We look at benefit administration plays, such as benefits for part-time workers.