AIHR

JANUARY 6, 2025

Performance-based compensation reviews: Focuses on employee performance and rewards top performers with raises or bonuses. Market-based compensation reviews: Uses industry benchmarks, competitor data, or economic factors to make decisions on compensation adjustments. Introduce managers to these tools to aid in faster decision-making.

Compensation 98

Compensation Assessment Software Hiring Software HR Software 98

Extensis

SEPTEMBER 26, 2024

Employee benefit administration and analysis In today’s hyper-competitive market, employees consider their benefits a critical component of their total compensation. PEOs help businesses manage various aspects of their HR, recruiting, employee benefits, payroll, and risk management.

HR Software 105

HR Software HR Planning Hiring Software Onboarding Software 105

UKG

JUNE 4, 2021

Lost-time injuries per employee. Data analysis. Some noteworthy data analysis KPIs might include: Overtime hours. Employee retention rates. Some noteworthy budget forecasting KPIs might include: Annual cost of employee benefits. Projected employee turnover rate. Frequency of equipment issues.

Metrics 52

Metrics Hiring Software Staffing Software Onboarding Software 52

Zenefits

JUNE 23, 2022

According to SHRM’s 2022 Employee Benefits Survey : 96% of employers offered paid sick leave. While the BLS’ analysis is a reliable benchmark, it would be a mistake to solely rely on it. Notably, a large percentage of private-sector workers also have access to unpaid family leave, which often includes sick leave.

Onboarding Software 74

Onboarding Software Staffing Software Survey Payroll 74

Vantage Circle

JUNE 9, 2023

You can establish what a ‘competitive’ salary is through a process called ‘salary benchmarking’ Let’s take a look at what salary benchmarking is and how you can use it to bring the best of the best to your business. What is Salary Benchmarking? How to do Salary Benchmarking 1.

Benchmarking 98

Benchmarking Employer Branding Recruiting Software 10KC 98

Decusoft

MAY 20, 2021

Compensation benefits research is necessary to ensure fair working conditions and helps improve employee retention plans. The aim of this guide is to give you a clear overview of total compensation analysis and the incentives that come with it. . What Are The Benefits of Compensation Analysis ? Wellness benefits .

Analysis 96

Analysis Compensation HR Planning Bonuses and Incentives 96

AIHR

AUGUST 26, 2024

By measuring and analyzing employee sentiment, you can take action to significantly boost your workforce’s motivation, morale, and productivity. Contents What is employee sentiment? Why is employee sentiment analysis important? How do you measure employee sentiment? Why is employee sentiment analysis important?

Survey 68

Survey Hiring Software Interview Software Assessment Software 68

Insperity

MARCH 18, 2025

Gather data from various sources such as: HR Information Systems (HRIS) Employee surveys and feedback tools Performance management software Payroll and benefits data Exit interviews and employee sentiment analysis 2. Compare internal HR metrics with industry benchmarks.

HR Software 52

HR Software HR Planning Hiring Software Data 52

Heyyy HR!

SEPTEMBER 12, 2024

You’ll also discover how accounting skills can help HR managers perform break-even analysis, calculate return on investment, and improve profitability. These skills enable HR to write compelling proposals that show the value of investing in employee development and benefits, ultimately enhancing overall business performance.

HR Planning 78

HR Planning HR Software Hiring Software Resources 78

Bayzat

OCTOBER 31, 2024

Base Salary and Market Benchmarking The foundation of any compensation package is the base salary. To determine appropriate salary levels, organizations should engage in regular market benchmarking exercises. Market benchmarking involves comparing your organization’s salary ranges with those of competitors and industry standards.

Compensation 52

Compensation 10KC Talent Experience Bonuses and Incentives 52

Empuls

AUGUST 27, 2024

Now more than ever, employee benefit packages are considered important for the unwieldy terrain of today's job market. Only those organizations that understand how to use this most powerful approach to their advantage by including comprehensive benefits in kind do well in the market for acquiring and retaining key brainpower.

Employee Benefits 40

Employee Benefits HR Planning Employer Branding Retention and Turnover 40

WEX Inc.

DECEMBER 12, 2024

Creating a successful benefits strategy AI doesnt just help employeesit also empowers HR leaders to make data-driven decisions. Trend analysis: AI tools can identify trends in employee benefits usage, helping HR teams adjust strategies to meet evolving demands.

AI Recruiting 52

AI Recruiting HR Software Hiring Software Onboarding Software 52

Workable

FEBRUARY 17, 2023

When people think of employee compensation, it’s usually the base salary of a position that initially comes to mind. However, total compensation includes employee benefits and perks. Some organizations use a combination of benchmarking and pay grades to establish compensation structures.

Compensation 118

Compensation Hiring Software Recruiting Software Bonuses and Incentives 118

Business Management Daily

SEPTEMBER 7, 2023

At first glance, it may seem that HR analytics tools are only good for visualizing large amounts of employee data to make analysis easier (and possible, in some cases where data volumes are too large for manual human analysis). Benchmarking How do you know if you’re paying your top talent competitive salaries?

HR Software 105

HR Software Hiring Software Onboarding Software Recruiting Software 105

AIHR

AUGUST 13, 2024

These include queries about their roles, performance expectations, provided equipment, employee benefits , and company policies and procedures. While most businesses conduct performance reviews every six to 12 months, more are now opting for 360-degree feedback as a more holistic approach to assessing employee performance.

HR Planning 98

HR Planning HR Software Hiring Software AI Recruiting 98

Zenefits

OCTOBER 13, 2021

It’s far more valuable to know how your specific benefits offerings compare to those of your competitors. Employee benefits benchmarking data can provide insights into your plan performance, employee benefits data and participation, and other key measurements. Evaluating ROI and benefits strategy.

Benchmarking 36

Benchmarking Planning Tools Zenefits Retirement 36

HR Lineup

FEBRUARY 1, 2024

It forms the foundation of an employee’s compensation package and is often influenced by factors such as experience, education, and market rates for similar roles. Market Research and Benchmarking One crucial factor in determining compensation is conducting thorough market research and benchmarking.

Compensation 89

Compensation HR Planning HR Software Bonuses and Incentives 89

HRExecutive

OCTOBER 23, 2020

Employer-sponsored healthcare costs top $21K a year : Annual family premiums for employer-sponsored health insurance surpassed $21,000 this year, according to new Kaiser Family Foundation analysis, a figure that primarily reflects pre-pandemic levels. The survey “may not capture its full impact on costs and coverage,” researchers note.

Oracle 98

Oracle Benchmarking Survey Analysis 98

Decusoft

APRIL 1, 2021

Employee benefits can account for as much as 70% of an organization’s overall costs, according to Deloitte analysis. Compensation administration has an effect on an enterprise, which includes business leaders and administrators, stakeholders , and employee engagement. Compensation Strategy: Benefits .

Compensation 98

Compensation Bonuses and Incentives Strategy HR Planning 98

AIHR

NOVEMBER 1, 2024

An HR benchmark survey of over 2,000 small businesses showed that the fastest-growing companies were 20% more likely to embrace HR best practices. To hire and retain the right people, you’ll need to offer reasonable compensation and benefits. A robust compensation package takes the form of financial (base) pay and employee benefits.

HR Software 98

HR Software Hiring Software HR Planning Assessment Software 98

Extensis

JULY 20, 2023

Most companies’ average growth rate is benchmarked between 15% and 45% year-over-year ; small businesses aim to grow 10%-25% on average within the same timeframe. To reach those growth benchmarks, businesses must ensure their strategies and partnerships are flexible enough to meet evolving demands.

Assessment Software 75

Assessment Software HR Software Recruiting Software Planning Tools 75

Zenefits

AUGUST 3, 2022

The fact is, some benefits contribute to a healthy company culture and employee work-life balance. And then some benefits are really half-baked perks. Here are some of the least effective benefits and perks on the market today. What are the 7 worst employee benefits and perks? And benefits do matter.

Employee Benefits 36

Employee Benefits Retention and Turnover Retirement Benchmarking 36

AIHR

SEPTEMBER 13, 2023

Market research and benchmarking: Research and analyze compensation trends to ensure the company’s compensation packages are competitive within the industry. Data analysis: Strong analytical skills to comprehend compensation data and make informed decisions about compensation structures and adjustments.

HR Software 105

HR Software HR Planning Hiring Software Recruiting Software 105

Extensis

JANUARY 4, 2024

With analysis and commentary from our internal thought leaders, the ExtensisHR 2024 Trends Report reviews the top 10 HR focuses expected in 2024 and how brokers can help clients can adapt accordingly. For example, ExtensisHR offers: Personalized employee benefits plans at competitive rates, and benefits administration and management services.

HR Trends 105

HR Trends HR Planning HR Software Trends 105

Extensis

JULY 6, 2022

However, PEOs provide so many more services than just employee benefits and payroll – some of which may surprise you. Here are four PEO services you may not know exist and how they can benefit your business. PEOs can also perform salary benchmarking and compensation analysis. Recruiting services.

Hiring Software 98

Hiring Software Recruiting Software Assessment Software HR Planning 98

AIHR

OCTOBER 27, 2023

The law requires all companies to provide a basic set of compensation to employees, but an attractive compensation package will help you stand out from the crowd and win the war on talent, as well as retain your best employees. Some of the benefits are legally required, while others are at the discretion of the employer.

Compensation 116

Compensation Wage and Hour Training COMPAS Bonuses and Incentives 116

Insperity

OCTOBER 14, 2021

Known as “ people analytics ,” these data-driven insights can improve the way you do business and provide clear benchmarks for improvement moving forward. Whether an employee is promoted, retiring or your company is going into a growth mode, succession planning is vital to ensuring your business can keep moving forward, despite changes.

HR Planning 104

HR Planning Compensation Retention and Turnover Human Capital Management 104

Decusoft

APRIL 13, 2021

Each organization must find the right balance between employee compensation in base pay and employee benefits in their compensation strategy while remaining competitive with other companies in your industry. The best strategy for executive total compensation is unique to every business.

Compensation 105

Compensation Hiring Software Planning Tools Assessment Software 105

PlanSource

APRIL 8, 2019

Employee Benefit Trends Study, Gen X employees have been long overlooked by organizations. Celebrate National Employee Benefits Day… All Week Long! Celebrate National Employee Benefits Day… All Week Long! How Do Top-Tier Employers Manage Their Benefits? According to MetLife’s 17th Annual U.S.

HR Planning 15

HR Planning Employment Law Payscale Conference 15

AIHR

MARCH 7, 2022

If you don’t have it, you risk losing employees and facing lawsuits. Internal pay equity means that you compensate employees with comparable positions or skills within your organization similarly. This includes salary and additional employee benefits and perks that come with the job. External equity.

Compensation 98

Compensation COMPAS Background screening HR Planning 98

Edcor

NOVEMBER 16, 2021

Further, a Gallup analysis shows that 48% of the American workforce is looking out for newer opportunities and would switch a job for upskilling benefits. Unsurprisingly, dollars spent in upskilling have a higher ROI in the current market with worker shortages since these benefits also lead to employee engagement and retention.

Hiring Software 98

Hiring Software Recruiting Software Planning Tools Onboarding Software 98

Decusoft

APRIL 23, 2021

A robust compensation structure may be the difference between a company’s long-term growth and a series of disappointments and below benchmark performance. Employee pay accounts for the majority of a company’s net payroll expenses. Wellness benefits. Other employee benefits. Work from home.

Planning Tools 98

Planning Tools Recruiting Software Interview Software Compensation 98

Decusoft

MARCH 9, 2021

Wellness benefits . Other employee benefits . Your organization’s compensation package should not only consist of what you pay your employees or how much you cover in health insurance. We recommend your organization design the compensation plan to support your overarching goals and benchmarks. . Work from home.

Compensation 98

Compensation Hiring Software Planning Tools HR Planning 98

AIHR

MARCH 22, 2023

If an employee can reasonably argue that the letter was poorly worded and misrepresented the role or the package on offer, a judge may well uphold the complaint, which could be costly to your organisation. Offer retirement plans and other incentives All compelling job offers highlight additional employee benefits.

Background screening 105

Background screening Bonuses and Incentives HR Software Hiring Software 105

ForUsAll

JUNE 6, 2019

Running regular benchmarks (and possibly also rfp’s) to ensure the fees that participants are paying are reasonable. Research and conduct analysis to determine the best recommended plan lineup. Meet with company co-fiduciary (employee, owner, board, or committee) to make recommendations and discuss rationale.

Hiring Software 94

Hiring Software Planning Tools Retirement Interview Software 94

Decusoft

APRIL 21, 2021

Employee benefit sharing is a strategy in which workers share in the company’s earnings. A fixed, specified formula is usually included in the schedule for allocating benefit shares to participants and distributing funds collected under the plan. External Job Value – Conduct a benchmark analysis.

HR Planning 98

HR Planning Planning Tools Bonuses and Incentives Recruiting Software 98

Extensis

JANUARY 9, 2024

” The analysis was conducted by EisnerAmper, a prominent national firm specializing in audit, accounting, advisory, consulting, and tax services. This milestone underscores our ongoing loyalty to our clients and partners and reaffirms our position as a trusted industry leader.”

Certification 59

Certification Assessment Software HR Software Recruiting Software 59