Zenefits

SEPTEMBER 21, 2020

When thinking through a new employee’s compensation package , it’s important to remember that hiring someone will cost you more than their base salary, as compensation includes the cost of their benefits as well. The national average of employee benefits cost. Taken together, the average total compensation is $37.73

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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.

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Employee Benefits Retention and Turnover Retirement Benchmarking 36

Zenefits

FEBRUARY 24, 2022

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. Username or Email Address.

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Employee Benefits Bonuses and Incentives Wage and Hour Training Planning Tools 36

Zenefits

AUGUST 24, 2022

Bottom line: if your employees aren’t happy with their benefits, it increases the chances of them accepting a stronger offer from your competitor. You can prevent this by conducting employee benefits satisfaction surveys and making feasible adjustments based on the results. Which 3 benefits do you need the most?

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Employee Benefits Survey Hiring Software Onboarding Software 36

Zenefits

MARCH 11, 2021

You know the consequences of outdated employee benefits systems , and are ready to invest in modern technology. But with so many benefits administration technology vendors out there, how do you choose the right one? Assess your benefits technology needs. Evaluate your future benefits administration needs.

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Assessment Software Onboarding Software Planning Tools HR Software 69

Zenefits

JUNE 15, 2017

Employee benefits have quickly become a crucial factor for people when deciding where to work. The most favorable employee benefits and perks include healthcare insurance ( medical, dental, vision ), vacation and paid time off, performance bonuses, paid sick days, and 401(k) plans. Do your employee benefits stack up?

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Employee Benefits Talent Experience Zenefits Compensation 43

Zenefits

AUGUST 30, 2022

For example, consider the most in-demand benefits: In 2022 , 88% of employees wanted health insurance benefits, 82% wanted retirement-related benefits, and 52% liked the idea of financial but non-retirement benefits. A sound life insurance policy continues to be a desired employee benefit.

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Employee Benefits HR Planning Policies Retirement 36

Zenefits

FEBRUARY 23, 2021

Technology is making remarkable strides across the employee benefits landscape. A 2019-2020 survey found that the vast majority of organizations are utilizing a benefits application in some shape or form. Benchmark your benefits with what your competitors are offering. Attract and retain high-performing employees.

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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. How many U.S.

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Onboarding Software Staffing Software Survey Payroll 74

Zenefits

OCTOBER 20, 2021

adopting a fully remote or hybrid model, new out-of-state offices or employees, change of company name, merger, etc.). In addition: Benchmark data for companies of similar size and in similar locations. Confirm who will serve as point(s) of contact for employees’ benefits questions. Over the next 2-4 weeks. For employers.

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HR Planning Planning Tools Zenefits HR Software 78

Zenefits

JULY 31, 2018

While today’s technology has eased so many workplace headaches, it also can make the everyday employee more prone to burn out. This is where employee benefits come in. Are you keeping pace with the most in-demand optional benefits out there? Employee benefits. The post What Do Employees Want?

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Employee Benefits Zenefits Comparison Benchmarking 28

Zenefits

AUGUST 1, 2017

The Society for Human Resource Management (SHRM) , the world’s largest HR professional society, just released its annual employee benefits report. The 2017 Employee Benefits report highlights some interesting shifts in employer benefits offerings, including an increase in wellness and health-related programs. .

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Zenefits

NOVEMBER 17, 2022

“One employee might value professional development, while another might value wellness benefits, and yet another wants a pet-friendly work environment. Badouix not only recommends surveys and interviews with employees but also benchmarking with similar companies to find out what else is resonating with workers.

Employee Benefits 36

Employee Benefits Bonuses and Incentives Hiring Software Onboarding Software 36

Zenefits

APRIL 8, 2020

Full- and part-time employees. Furloughed employees. Terminated employees, whether voluntary or involuntary. Expense reimbursements for onsite and remote employees. Benefits administration. According to the Bloomberg Tax 2019 Payroll Benchmarks Survey Report , the most popular outsourced functions are: Tax filing.

Payroll 36

Payroll HR Software Zenefits Compensation 36

Zenefits

MAY 25, 2017

Until then, the ACA’s employer reporting, individual coverage mandate, and essential health benefits protections remain in effect. Employee benefits are critical for recruitment and retention, but how do you know if you’re being competitive enough?

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Zenefits

JUNE 8, 2022

Employee benefits often extend to a worker’s family — including children. And these family-oriented benefits are needed more than ever. However, there are many ways to improve mental and behavioral health outside of healthcare benefits. 8 child-centered employee benefits companies can offer.

Onboarding Software 36

Onboarding Software Zenefits HR Software Planning Tools 36

Zenefits

FEBRUARY 28, 2017

At Zenefits, we believe that managing health insurance for employees should be simple. But when it comes to the more ambiguous aspects of employee benefits, such as workplace wellness, employers typically need a less-automated answer. Shifting this cost of care to employees isn’t just about saving companies money.

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Wellness Zenefits Hiring Software eBook 28

Homebase

DECEMBER 12, 2022

So, it’s a good idea to make that your benchmark and avoid exceeding 20%. Integrated timesheets, unlimited pay runs, auto tax payments and filings, direct deposits, new employee onboarding. $39 39 +$6 per employee. Add Payroll to the HR suite for $6 per employee. 59 per month per employee. More on that later.

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Hiring Software Onboarding Software HR Software Planning Tools 52

Zenefits

DECEMBER 9, 2019

Choosing what will be included in your health benefits package (medical, vision, dental) and what types of group insurance plan you’ll choose will often be a balance between what you can afford as an employer, and what is most valuable to your team. How many employees would you be covering? How many employees would you be covering?

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Hiring Software Planning Tools Zenefits Recruiting Software 36

Zenefits

JANUARY 31, 2022

However, many other systems run on a monthly basis, such as benefits packages (typically). If payroll is linked directly to employees’ benefits packages, semi-monthly paychecks will make the two easy to sync. Monthly pay is the least time-intensive for HR staff, but also the least popular among employees.

Payroll 36

Payroll Hiring Software Wage and Hour Training HR Software 36

Contact Monkey - HR

OCTOBER 3, 2024

With its intuitive employee feedback survey software, businesses can easily design, distribute, and analyze surveys to drive data-driven decisions—empowering teams to grow and thrive while ensuring a fair and inclusive work environment. There are plenty of key areas to explore to keep your organization running smoothly: 1.

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HR Software Onboarding Software Assessment Software Planning Tools 98

Zenefits

JANUARY 13, 2022

Do the employee benefits offered to meet your needs? Do you feel that your company provides resources to help employees who may be struggling with mental health issues? This way, you can understand more about the employee experience outside of calculating your eNPS score. Are you satisfied with your current role?

Employee Engagement 69

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Peoplebox

JULY 18, 2024

It helps create contracts that meet local standards, manage employee benefits accurately, handle paperwork efficiently, and keep all records well-organized. Automating performance tracking saves time and effort, eliminates bias, allows for more precise decision-making, and gives managers and staff a solid benchmark to work from.

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Zenefits

FEBRUARY 7, 2023

Internal equity Internal equity means you provide the same level of compensation to all employees who fill comparable positions or use similar skill sets to perform the same jobs or similar ones. Employees’ perceived equity The way your team perceives equity is vital.

Compensation 36

Compensation Hiring Software HR Planning Bonuses and Incentives 36

Zenefits

JUNE 7, 2021

While the specifics of a payroll budget vary by small business, there are some typical inclusions — such as base wages and salaries, overtime, employee benefits, incentive pay, payroll taxes , payroll administration costs, and unexpected expenses. Differential/premium pay for employees who work outside normal business hours.

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Payroll Bonuses and Incentives Assessment Software Planning Tools 41

Zenefits

JUNE 14, 2021

These decisions often include uncomfortable actions like restructuring, downsizing, and employee termination. Trim employee benefits programs. Lay off employees. This strategy is often based on data gleaned from competitive benchmarking, wage projections, or other forecasting and predictive analysis.

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HR Planning How To HR Function Analysis 61

Zenefits

JULY 6, 2022

For those who manage employee benefits , it’s important to know that the primary benefit of adding cryptocurrency into a 401(k) plan is also its downfall: its high volatility. If you aren’t sure whether or not crypto-inclusive retirement plans are right for your employees, that’s OK. Username or Email Address.

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Zenefits

OCTOBER 1, 2021

Once employees leave the company, they cannot take their FSA with them unless they are eligible for Consolidated Omnibus Budget Reconciliation Act (COBRA). However, employees benefit from higher HSA contributions in comparison to an FSA. Still, because of the higher annual deductible, many may hesitate on signing up for an HDHP.

Comparison 36

Comparison Benchmarking Retirement Examples 36

Zenefits

OCTOBER 6, 2021

Health insurance is one of the most in-demand employee benefits, and employers deliver. Fifty-five percent of small firms and 99% of large organizations offer healthcare benefits to their workers. But most companies are running against obstacles when employees try to use their insurance. Username or Email Address.

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Planning Tools Hiring Software Onboarding Software How To 41