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Reporting vs Analytics in HR: 5 Things HR Leaders Need to Know

Paycor

Since 2015, there has been a 242% increase in HR and hiring professionals listing data analysis among their skills on LinkedIn. Correlate rewards with performance to assess the effectiveness of your compensation strategy. Here’s the issue: traditional reporting means collecting information from systems designed for other purposes.

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Total Compensation Update: Mandatory Paid Sick Leave for Contractors

Compensation Today

This order officially goes into effect on January 1, 2017, but companies that employ government contractors are already taking steps to better manage their total compensation programs to accommodate this requirement. Under the new law, federal contractors will be eligible to accrue up to 7 days of paid sick leave every 12 months of service.

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401(k) Contribution Limits 2019: What Employers Need to Know

ForUsAll

What Changed - Compensation Thresholds. Compensation thresholds for Key Employees and Highly Compensated Employees have changed for the first time since 2015! These cost-of-living updates to income limits mean that an employee has to make $5,000 more to be considered a Highly-Compensated or Key Employee.

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Defending Pay-For-Performance with The Performance Review

Reviewsnap

P4P Helps Make Administration of Raises Easier – When compensation and performance are linked employers often discover that it makes the integration of pay increase data into their payroll systems easier. At the end of 2015, 30 of the Fortune 500 companies got rid of performance reviews entirely.

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Defending Pay-For-Performance with The Performance Review

Reviewsnap

P4P Helps Make Administration of Raises Easier – When compensation and performance are linked employers often discover that it makes the integration of pay increase data into their payroll systems easier. At the end of 2015, 30 of the Fortune 500 companies got rid of performance reviews entirely.

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Prepare Now for Upcoming FLSA Exemption Changes

HR Daily Advisor

These changes have been in the works since 2014, and a proposal was opened for public comment for a period that ended early September, 2015. Determine exactly what changes will be needed within the payroll system to either change these employees to nonexempt (and pay overtime) or change their salary levels.

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Year-End Reporting: Clarifying Tax Forms and ACA Requirements

HR Daily Advisor

To further complicate matters, the new filing deadline, as it relates to Form 1099-MISC, only impacts filers reporting nonemployee compensation payments in box 7. In 2015, the IRS initiated ACA reporting with a “good-faith effort” guideline for filers and did not aggressively penalize missteps. ACA Reporting Requirements.

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