The Next Chapter at Zenefits

Zenefits

I left retirement to be a part of the Zenefits revolution, hoping to contribute in some way to the need to simplify, speed up and automate insurance and employee record keeping. In San Francisco last month, we announced that Zenefits would transition from competing as a broker to powering the broker community with our technology. Zenefits is actively looking to methodically certify broker partners over the next several quarters. Zenefits

No Excuse Savings; The Godfather of Zenefits Payroll on 401(k)s

Zenefits

Whether you’re new to the workforce or simply researching how to optimize your retirement, James Brown, the Godfather of Zenefits Payroll, is here to answer your most pressing questions in bite-sized form. Zenefits integrates with best-in-breed 401(k) providers to enable employers to bring the very best benefits to their employees. The post No Excuse Savings; The Godfather of Zenefits Payroll on 401(k)s appeared first on Zenefits Blog.

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Employees Want Better Benefits, Study Shows They're Willing to Leave Current Job for Better Retirement Options

Guideline

One of the top reasons small business employees leave jobs is to get access to better benefits and retirement options, according to a new study by Zenefits. A July 2019 Zenefits poll of more than 600 businesses re-assessed employee turnover patterns, giving business leaders a modern lens of workforce needs, specifically within the small and midsize business communities. Here are a few companies that help with compensation management: Anaplan Glassdoor Zenefits 2.

The Daily Rundown: State-Sponsored Retirement Plans and a New Amazon Announcement

Zenefits

Today we look at new legislation before the Senate Finance Committee aimed at helping small businesses restructure debt, state-sponsored retirement plans for SMBs, new tools from Amazon to help small business sellers, and simple ways managers can turn around toxic workplaces. Court rules in favor of state-sponsored retirement plans benefitting small businesses. The Quote: “ Americans are at risk of running out of money in retirement, or having barely any to start with.”.

As Baby Boomers Reach Retirement, Can Employee Buyouts Keep Small Businesses Open?

Zenefits

About 10,000 baby boomers turn 65 every day, fueling a retirement surge unlike previous generations — including a “silver tsunami” of retiring business owners who are faced with succession and ownership questions. As for the silver tsunami of retiring business owners, Powers says it’s already arrived. The post As Baby Boomers Reach Retirement, Can Employee Buyouts Keep Small Businesses Open? appeared first on Zenefits Blog.

A 401k FAQ – Answers to Your Employees’ Biggest 401(k) Questions

Zenefits

When it comes to seeking advice on our savings, we’re lucky to have dependable, trustworthy partners in the retirement planning space. Guideline401K: Hi, @Zenefits! Both are good ways to lower taxes on #retirement savings. A 401(k) and an IRA are both retirement plans that help you lower the amount of taxes you have to pay on the money you’re saving for retirement. Guideline401k: Is this a trick question, @Zenefits? Question 3}: @Zenefits: Hmmmm.

The Daily Rundown: Retirement Plan Crisis and Coworking Spaces

Zenefits

On today’s agenda: SCORE’s small business retirement infographic and new legislation aimed at helping SBOs provide retirement plans for employees. One-third of SBOs lack retirement plans, new legislation makes small biz saving easier. A new infographic released by SCORE highlights the retirement savings crisis faced by many American small businesses. The post The Daily Rundown: Retirement Plan Crisis and Coworking Spaces appeared first on Zenefits Blog.

‘Tis the Season To Offer Great Benefits (& Build a Great Team)

Zenefits

Specifically, Glassdoor’s survey found that health care and a retirement plan were the two benefits employees covet the most. But employees are also worried about being able to retire comfortably. The Economic Policy Institute found that only half of American families have any retirement savings at all, and that the median savings for families who are approaching retirement is only $17,000. Zenefits Small Business Success Stories

Vermont Passed Legislation to Become a Remote Work Haven. Here’s Why the Bill’s Author Says it will Work

Zenefits

While Vermont had the highest rate of inbound migration in 2017, they saw mostly older and wealthier families moving to the state to retire. Zenefits sits down with the author of the bill, Vermont Senator Virginia Lyons, on how she’s promoting remote work. “I Here’s Why the Bill’s Author Says it will Work appeared first on Zenefits Blog. HR Tips & Trends Zenefits Entrepreneurship Trending remote work S.94

How to Turn Your Employees into Super Savers

Zenefits

If you’ve ever skimmed buzzy articles throughout the day, you’ve likely seen headlines like Here’s What Millennials Are Prioritizing Instead of Retirement or Why Millennials Aren’t Saving Enough Money to Retire. A recent study shows that there is a group of “super savers,” all aged 53 and younger that is setting a new bar in terms of retirement planning. But what motivates them to get it right when it comes to retirement? ZenefitsAh, young people.

Top Rated Fringe Benefits in 2018 (and other statistics you should know)

Zenefits

In fact, 68% of respondents to our survey said that fringe benefits and perks are at least as important as employer-provided health insurance and retirement. 68% of employees said that work perks are at least as important as employer-provided health insurance and retirement. The post Top Rated Fringe Benefits in 2018 (and other statistics you should know) appeared first on Zenefits Blog. Zenefits Featured

Millennial Employees Want Flexibility & Benefits. Can They Have It All?

Zenefits

But even as millennial workers are granted flexibility their parents may not have dared to ask for, many simultaneously worry they might lose benefits their parents enjoyed, such as retirement plans. Although many employers assume that millennials don’t care about more traditional benefits, like retirement plans, in reality, a good 401(k) plan can be very attractive to younger workers, Wade says. appeared first on Zenefits Blog.

Top Rated Fringe Benefits in 2018 (and other statistics you should know)

Zenefits

In fact, 68% of respondents to our survey said that fringe benefits and perks are at least as important as employer-provided health insurance and retirement. 68% of employees said that work perks are at least as important as employer-provided health insurance and retirement. The post Top Rated Fringe Benefits in 2018 (and other statistics you should know) appeared first on Zenefits Blog. Zenefits Featured

Money on their Minds: Financial Wellness as a Benefit

Zenefits

Matching refers to the arrangement in which an employer contributes to the retirement savings account of an employee, who makes a similar contribution, usually to a 401(k) plan. Taking 401(k) retirement planning to the next level requires engagement. The result is a highly personalized approach to financial counseling that can address individual concerns that sweeping retirement and student loan programs may not cover.

Is Your HR Team Playing a Strategic Partner or Supporting Role?

Zenefits

Because we now live in an era where it takes more than a great paycheck and retirement plan to engage and retain top performing employees, it is natural that HR departments in companies of all sizes are becoming more strategic,” says Bruce Holoubek, an HR consultant, president and co-owner of organizational efficiency consulting firm, Contracted Leadership. appeared first on Zenefits Blog. ZenefitsIt’s a good time to be in human resources.

What is the ERISA Law?

Zenefits

ERISA, which stands for the Employee Retirement Income Security Act, became law in 1974. Standards include: Providing facts to employees regarding their health and retirement plans. Any employer that contributes to a health or retirement plan is bound by the rules of ERISA. For retirement plans, most companies have a “vesting” period after the employee becomes eligible to participate. appeared first on Zenefits Blog. Compliance Zenefits Management

Surviving Employee Turnover: Lessons From Sports and Military Leaders

Zenefits

Related: Zenefits Hiring & Onboarding. #2. Matthews discusses the Individual-Relationship-Organization-Context (IROC) model developed by retired Army Colonel Patrick Sweeney, which emphasizes trust across ranks. The post Surviving Employee Turnover: Lessons From Sports and Military Leaders appeared first on Zenefits Blog. HR Tips & Trends Zenefits Culture Management Talent

Decoding Your W2 Forms | Part 2: Boxes 10 through 20

Zenefits

Retirement Plan – Having the “Retirement Plan” box checked means you had access to a retirement plan such as a 401k plan at your work. It may limit your ability to get tax incentives for other retirement plans like an IRA. The post Decoding Your W2 Forms | Part 2: Boxes 10 through 20 appeared first on Zenefits Blog. Zenefits money matters taxes W2 forms

5 Reasons Offering a Sabbatical Program Pays Off

Zenefits

In a study conducted by the Allianz Longevity Project , nearly 70% of millennials (69%) said they would prefer to “explore, experiment, and travel” prior to retirement, which is higher than other generations. The post 5 Reasons Offering a Sabbatical Program Pays Off appeared first on Zenefits Blog. HR Tips & Trends Zenefits Benefits FeaturedLooking for ways to become more competitive in attracting and retaining the best talent in today’s market without breaking the bank?

Why should I start my 401(k) plan at the beginning of the year?

Guideline

Here’s the thing: Not only is the end of the year actually a good time to evaluate retirement benefits, it might be the best. To boot, offering retirement benefits has never been more affordable — making it a whole lot easier to take the leap.

Why HR Vendors Are Avoiding Cannabis Companies

Zenefits

Offers benefits and retirement programs and selection. Zenefits: While not a cannabis-exclusive tool, Zenefits has a long history of supporting the HR and payroll needs of cannabis clients. Zenefits has partnered with Paragon Payroll to handle clients’ payroll needs.

Best HR Software Providers: Standard-setters in performance tracking to 401(K) management

HR Digest

Zenefits – Best HR software people management. The platform also offers employee benefits options such as health insurance through Gusto’s licensed advisors, 401(k) retirement, workers’ compensation, 529 savings, HSA, life and disability, commuter benefits, and more. Zenefits.

Introducing Our Integration With QuickBooks Payroll

Guideline

Integrating payroll with Guideline relieves many of the administrative burdens associated with a retirement plans and reduces unnecessary errors, saving small business owners time and money. Today, we’re excited to welcome QuickBooks Payroll to our growing list of integrated providers. More than 1.4 million businesses use QuickBooks for its seamless approach to payroll management that runs payroll in less than 5 minutes.

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Guideline Now Integrated With RUN Powered by ADP®

Guideline

Now, whether you’re a team of 1 or 1,000 using ADP payroll software, it’s never been easier to offer your employees the ability to save for retirement. Having payroll integrated directly with a retirement plan can also reduce unnecessary errors, which in the end leads to a lot of wasted time. In March, we announced our integration with ADP Workforce Now ®.

5 Payroll Management Tools Every HR Needs

HR Digest

Zenefits. Zenefits is a cloud-based free ‘core HR’ software platform, where payroll is the most prominent and essential feature. The Zenefits People Platform is one straightforward and single app that includes everything related to HR collectively.

M&A Friday! This Week’s HR Deals

Advos

BenefitVision Joins US Retirement & Benefits Partners. Zenefits Expands Strategy to Power Insurance Brokers; Announces Groundbreaking Partnership Program, Beginning with OneDigital. 7Geese Announces a Partnership With Zenefits to Make Performance Reviews Easier. YouEarnedIt Announces Integration Partnership with Zenefits. Happy Friday.

How to Choose a Small Business 401(k) Provider

Guideline

The race for talent, coupled with the fact over 90 percent of employees expect retirement benefits, has created a crowded market of 401(k) providers, consultants, and technology platforms. Learn more > Retirement benefits come at a cost—not just to companies, but to their employees.

How to switch your 401(k) provider

Guideline

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. But with some careful planning, you can give your employees the best-in-class retirement offering they deserve.

The Best HR Tech for Mid-Market Companies

Pomello

Gusto makes organization simple to achieve, and it is ideal for any company that needs to streamline employee files and stay on top of things like health benefits and 401(k) retirement plans. Zenefits. Zenefits is a management software that allows HR execs to access a single dashboard containing everything from pay stubs to tax withholding forms.

How a Financial Wellness Program Helps Your Employees — and Your Business

Zenefits

While traditionally employers may have thought that a benefits package of a retirement offering and healthcare plan were enough, an increasing number of employers offer more financial education and support — as many as 53% of employers, according to one study.

Data Reveals United States Ranks Last in Worker Benefits

Zenefits

Zenefits has uncovered how the U.S. Retirement. Well, there’s a reason so many Americans become expats when they retire — life overseas can be much better for retirees, especially when they have dwindling employer benefits to help them retire comfortably.

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What is a 401k?

Zenefits

A 401k is a retirement plan offered by employers. A selected portion of each paycheck is automatically transferred to the retirement account. Let’s say you allocate $500 per month for retirement. Now you’ve got $750 going into a retirement account each month. If you think you might be in a higher tax bracket by the time you reach retirement age, you may want to consider opening a Roth 401k instead of a traditional 401k. appeared first on Zenefits Blog.

How Does Offering a 401k Benefit an Employer?

Zenefits

If you’ve been thinking about offering retirement benefits to your staff, here are some benefits to consider. In today’s workforce, it’s becoming the norm to expect certain benefits such as retirement and healthcare. Employers also have the ability to use retirement perks as incentives. Not to mention, a retirement program lets your staff know that you value their financial future. appeared first on Zenefits Blog.

Top 4 Employee Benefit Categories That Matter Most to Employees

Zenefits

Zenefits recently polled 1,100 employees of small to medium-sized businesses about their top choices for benefits. The number one choice of workers in the Zenefits poll and across the nation is healthcare coverage.

10 Best HR Management Software Solutions

Recruiters Lineup

Zenefits. One of the main pros of Zenefits is the software’s ability to adjust to the needs of different industries and grow alongside your business. It helps you manage any aspect from hire to retire with a single central system of record, making sure your HR is simplified as much as possible. There is no replacement for the personal touch when it comes to human resources.

M&A Friday! This Week’s HR Deals

Advos

LLR Partners Invests in PCS, the Leading Independent and Conflict-Free Provider of Retirement Plan Solutions. SEC fines Zenefits and former CEO Parker Conrad nearly $1 million for misleading investors. Happy Friday. Our weekly recap of funding, mergers & acquisition, and partnership news from the human resource, recruitment and employee benefits marketplace is below. Sign-up for our weekly Hot in HR newsletter to get these updates via email. FUNDING.

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401(k) Planning to Keep Up with the Speed of Your Life

Zenefits

Saving and planning for retirement doesn’t need to be on your daily to-do list, but something worth investing time in to make sure you’re covered for your future. Zenefits has partnered with best in breed businesses to bring you an easier way to connect your employees with the programming they’ve been asking you for. Only 63 percent of American workers are saving for retirement and many are saving at desperately low levels. Saving for retirement: let’s do this!