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Funding Announcements in the HR, Recruiting and Benefits Space | 2016. January 2016. The recruitment marketing platform Smashfly started off 2016 raising $22 million. The first of many big funding announcements in 2016. February 2016. to help small businesses create employee retirement accounts.
M&A Announcements in the HR, Recruiting and Benefits Space | 2016. January 2016. SterlingBackcheck Made Several Strategic Acquisitions in 2016. February 2016. March 2016. April 2016. TriNet Acquires Teleborder; Expands Services for Companies Hiring International Employees. August 2016.
It affects your employeebenefits cost, it can impact your workers’ health (and yours), and it requires your HR and payroll departments to prepare detailed reports that must be filed with the IRS. Let’s back up and take a look at health insurance and why your company provides it as an employeebenefit.
Most job focus on administrative tasks and basic reporting, very much in line with what van de Heuvel and Bondarouk noticed in 2016: HR analytics is focusing on very basic tasks. To provide proactive and comprehensive HR and benefit administration and support, alongside Payroll support for the UK. Essential Responsibilities.
The weekly email alert from HRmarketer includes a summary of mergers, acquisitions, funding and partnership news from the HR technology, recruitment, talent management and employeebenefits space. Click to view #HRTechConf 2016 hashtag report. Sign-up today! Subscribe Today. Hashtags Shared With #HRTechConf. #AI, Check us out.
Every mid-size company reaches a certain number of employees where they can’t help but have HR on the brain—nailing employeebenefits strategy, improving payroll process, and better managing the performance of each employee. Magnetic employees rocking some new swag. A single vendor solution.”.
Over the past 20 years, employers have increased and decreased benefits strategically in response to the needs of the workplace and employees as well as to economic and technological changes, according to the Society for Human Resource Management (SHRM) 2016EmployeeBenefits Survey report.
Even though most payroll administrators at small and medium businesses (SMBs) indicate they are satisfied with their current provider, nearly 40% of those same managers say they are likely to switch payroll solutions within the next 12 months, according to a recent survey by Clutch, a leading B2B ratings and reviews site.
” FLSA compliance will have a huge impact in 2016, as the rules of who is exempt versus non-exempt is likely to change in a major way.” ” – Zev Burger, Payroll Manager, B&H Photo and Electronics. Employee engagement still rules. “Employee engagement is going to be a hot topic in 2016 and beyond.
If an employer is found to have intentionally disregarded ACA reporting requirements, penalties are $530 per return (previously $520 for 2016 and $250 for 2015), and there is no cap on total penalties. Generally, you will need data pulled from your company’s human resources, payroll and employeebenefits departments.
Each week, with the help of HRmarketer Insight software , our researchers compile a sampling of mergers & acquisition, funding and partnership announcements from the human resource, recruitment and employeebenefits marketplace. Alliant Acquires the Hecht Group, Growing Northwest Benefits Presence. PARTNERSHIPS.
We are thrilled to announce that Namely is a 2016 Top Rated Core HR software platform reviewed by software users on TrustRadius! Namely’s seamless employeebenefits are a highlight in several of our reviews. TrustRadius is a trusted research platform for business technology based on in-depth user reviews.
We are thrilled to announce that Namely is a 2016 Top Rated Core HR software platform reviewed by software users on TrustRadius! Namely’s seamless employeebenefits are a highlight in several of our reviews. TrustRadius is a trusted research platform for business technology based on in-depth user reviews.
If you’re found to be noncompliant with employeebenefits, your company will be at risk of incurring hefty penalties and fees by the government. Managing all employee selections, ensuring they are recorded internally and sent off to the appropriate providers on-time. Ryan joined the company in 2016. Services provided.
Employeebenefits are changing, and unique employeebenefits are emerging. While it might be daunting to imagine reworking your hiring policies and processes, customized and unique employeebenefits offerings are much easier to provide than you might think. Get EmployeeBenefits Today.
The topic of employeebenefits has gone from watercooler conversation to national news, and employees are more engaged with their benefits than ever. With Open Enrollment on the horizon, your employees are already thinking about making changes—specifically: how to maximize the money they spend on medical care.
Employeebenefits, in particular, is a wildly versatile field. More employers are tapping into innovative benefits to help attract and retain their top talent. And every year, new niche and unconventional benefits companies emerge to do just that.
Payactiv Solution Now, businesses can change this by offering financial wellness programs as part of employeebenefits package. Payactiv, HR product of the year 2016, is the catalyst for transforming your business. Employees can enroll in Payactiv within seconds to access exciting financial services.
Depending on the specific policy, employees get their supervisor’s approval in advance for their day of service and submit a VTO request to the HR department. Once their application is cleared, employees volunteer on their designated day and note that the time was VTO in their company’s payroll platform. companies offer VTO.
Welcome to EmployeeBenefits 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.
But I’d be willing to bet a majority of employees would have thought twice about leaving if they had a benefits package worth staying for. In fact, a 2015 report by the EmployeeBenefit Research Institute revealed that the benefits package is an important decision factor for 77% of workers deciding whether to accept a job.
Each week, with the help of HRmarketer Insight software , our researchers compile a sampling of mergers & acquisition, funding and partnership announcements from the human resource, recruitment and employeebenefits marketplace. Cast & Crew Entertainment Services Acquires CAPS Payroll. Snagajob Acquires PeopleMatter.
Once a rare employeebenefit found only at large, high-end accounting, law and tech firms, student loan repayment benefits are growing rapidly as a way to lure young talent with hot degrees. You’ll also have to make sure payroll is prepared to accurately process this taxable income and report it on your employees’ W-2 forms.
The Accounting Principals survey looked to HR professionals and hiring managers for an inside look at their companies, and the results show a noticeable dip in the number of holiday bonuses between 2016 and 2017. Respondents who reported that they planned to give employees monetary holiday bonuses: 2016: 75%. 2016: $1,081.
To ensure that the loan is repaid and to avoid administrative headaches, many plans require repayments be made by payroll deduction. However, even with payroll deduction, payments can be missed, either because of an administrative error or because a participant takes unpaid leave.
Ok, so you let out a sigh of relief as you release the Affordable Care Act tax forms (Form 1095 –B and form 1095-C) before the extended deadline of March 31, 2016 to your employees and their dependents.
T his presents a good opportunity to give your employees some extra days off as a gift for job well done. In fact, getting more vacation time is one of most popular employeebenefits , with 80% of employees considering more vacation time important when signing up for a job. . Employee anniversaries .
We’re gearing up for the new year, but first we’re taking a look back at some of our most popular HR, employeebenefits, and payroll blog posts of 2017. One of the hallmarks of the Affordable Care Act (ACA) is the mandate that employers with fifty or more employees must offer health insurance or pay penalties.
Each week, with the help of HRmarketer Insight software , our researchers compile a sampling of mergers & acquisition, funding and partnership announcements from the human resource, recruitment and employeebenefits marketplace. Sign-up for our weekly What’s Hot in HR newsletter to get these weekly updates via email.
Offering and managing employeebenefits is an essential part of an HR manager’s job. The choice to offer benefits demonstrates a long-term investment in your workforce and provides a crucial service that your employees and their families may not be able to afford on their own. Click To Tweet. Yes, billion with a ‘b’.
Employees can also receive additional recognition such as: the Winning Spirit Award, which recognizes employees who make an extra effort to make a difference in the lives of others. Cisco Cisco uses a program called Connected Recognition for its employee recognition efforts.
Each week, with the help of HRmarketer Insight software , our researchers compile a sampling of mergers & acquisition, funding and partnership announcements from the human resource, recruitment and employeebenefits marketplace. BenefitMall Partners with Gravity Software to Bring Payroll Services to Clients. M&A Friday!
Here are some of the must-have features: Core HR Management: Employee Database : A centralized repository for employee information, including personal details, work history, and contact information. Payroll Management : Automated payroll processing to ensure accurate and timely compensation.
Offering commuter benefits in New York City has always been a best practice—but thanks to a new law, it could become mandatory for your business. On January 1, 2016, the New York City Transit Ordinance will go into effect. Commuter benefits are just one way to care for your workforce.
Put in place to encourage the use of public transportation, these programs allow for employers and employees to use pre-tax dollars to pay for a variety of commuting expenses. For employers and employees, benefits that qualify as “transportation fringe benefits,” under the law are not a part of an employee’s taxable wages.
In the 2015 EmployeeBenefits: A Research Report from Society for Human Resource Management (SHRM), results indicated that modern workforces are gradually trying to reduce the accessibility of paycheck advances in the workplace. Employee paycheck advances are an administrative burden. Can you adjust your payroll cycle?
Quick look: Offering High-Deductible Health Plans is a smart step for any small- and medium-sized business looking to create a competitive employeebenefits plan. Here, we’ll explain what a HDHP is, the value for both the employer and employee and how a PEO can help source and administer.
TORONTO, ON, February 15, 2017 – Today Collage , the free HR and benefits management platform, announced $5M in funding from the venture capital launchpad Diagram. We are the first in Canada to give business a way to quote, buy and manage a benefits plan entirely online, and we sync it with our free HR platform.”.
A 2016 Pew Research Center study found that most Americans are in favor of a paid leave program for new parents, for employees who have personal medical issues, or those who need to take care of a family member with a serious illness. These five states/municipalities impose an employeepayroll tax to fund paid family leave: California.
The possibility of cyberdata sabotage is now a day-to-day threat that frequently makes the headlines—and employeebenefit plans are not spared exposure to data sabotage. Employeebenefit plan administration has become an outsourced commodity. Lost or Hijacked Data. The EBSA Advisory Council to the U.S. Lost Participants.
If you’ve been working in the human capital management industry for long enough, then you’ve surely come to understand – effective HCM practices are the key to success for just about any business, whether it’s managing your employees pay, time & attendance, HR, benefits or otherwise.
A Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) is a tax-free employeebenefit. QSEHRAs reimburse employees for individually-obtained health insurance premiums and eligible medical expenses. Employers with fewer than 50 full-time equivalent employees can offer QSEHRAs. What is a QSEHRA plan?
Before the Affordable Care Act (ACA) was enacted in 2010, small employers commonly used HRAs to reimburse employees for individually purchased health insurance. Employees purchase the individual plans they want and then submit claims for reimbursement, and employers reimburse all valid claims.
Most companies that have at least ten or more employees probably have some sort of human resource department that is responsible for managing the employee life cycle. Beyond those roles and responsibilities, however, most businesses require little else from their HR department.
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