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Payroll Costs: An Overview of Total Expenses

Zenefits

Payroll costs are all the costs that an organization needs to pay to compensate its employees for their labor. These costs include, but go beyond, wages and salaries. These costs typically include total employee compensation, the employer’s portion of payroll taxes , administrative expenses, and more.

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

Zenefits

The COVID-19 pandemic spurred a mass exodus of employees quitting their jobs, also known as the “Great Resignation.” Retirement-aged employees, as well, found themselves heading for the door. 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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What Are Employee Benefits and Why Do They Matter?

Zenefits

In terms of human resource management, employee benefits are compensation provided in addition to base pay or wages. Types of employee benefits range, from health insurance and leave to those that promote overall job satisfaction and work-life balance. Some benefits are optional; others are mandatory.

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Free Payroll Tools for Your Small Business

Zenefits

Because these costs are largely tied to compensation, it’s easy to view payroll cost-cutting measures through the narrow lens of reducing employee salaries, wages, benefits, and perks. Online payroll calculators. Online timekeeping tools. Payroll software. Payroll report templates. Payroll compliance tools.

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How to Craft the Right Employee Benefits Package in 2022

Zenefits

According to a Glassdoor survey, 57% of job candidates claim that perks and benefits are some of their top considerations when weighing a job offer. Spend a bit of time and money building an employee benefits package that makes your employees happy and naturally more productive. MetLife’s U.S. Pet-friendly offices.

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6 Compensation Trends for the Year Ahead

Zenefits

What do employees want in a new job in 2023? Some of these benefits options became hot topics following what’s now referred to as the Great Resignation. According to BLS, total employer-to- employee compensation costs for civilian employees averaged $41.86 per hour in September 2022.

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10 best small business HR software solutions in 2023

Homebase

Learn more Key features to look for in small business HR software With all the comprehensive solutions out there, your HR and payroll software should cover a number of essential functions, allowing you to centralize all your work on one convenient platform. Chamber of Commerce , 2022 Run a better team with smarter scheduling.