Zenefits

OCTOBER 20, 2021

Open enrollment is undergoing a major transformation — shifting sharply to the virtual arena as employers increasingly embrace remote work. Even before this seismic shift, open enrollment had a reputation for being a demanding time for employers in general. Open enrollment 2022 timelines for employers (starting 90 days before OE).

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Zenefits

MARCH 30, 2017

The March 2017 Zenefits Small Business Benefits Benchmark Report is now available. Representing data from more than 8,000 Zenefits customers, the report examines how plan types, contributions, premiums, deductibles, copays, and out-of-pocket costs differ across regions. This information is GOLD to businesses like mine.

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Zenefits

MARCH 14, 2018

This report is designed to help you make more informed decisions about benefits by better understanding what similar companies are doing, and what’s changed within the past year. Note: this research is based on a sample of Zenefits customers, and not all SMBs in these regions will experience these same cost trends.

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Zenefits

JUNE 29, 2021

These healthcare cost increases inevitably impact employers that offer group health insurance. For this reason, reducing healthcare costs remains a top priority for employers — even for larger employers that tend to have deep pockets. Meanwhile, employers are basically on their own. Benchmark benefits. ” 1.

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Zenefits

MAY 9, 2019

This process is called compensation benchmarking. How is compensation benchmarking done? The first step in compensation benchmarking is to build a list of salary ranges for current and future job roles. Compensation benchmarking is designed to maintain fairness for both the employer and the employee.

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Benchmarking Compensation Hiring Software Recruiting Software 31

Zenefits

MARCH 14, 2017

If you’re paying for at least 73% of an employee’s premium, you’re on par with small businesses across the country, according to n ew data from the 2017 Zenefits Small Business Benchmark Report. appeared first on Zenefits Blog.

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Zenefits

JANUARY 22, 2021

While there are a number of things that will have to change to erase the gender pay gap, one thing businesses can do is explore and implement compensation benchmarking. Whatever the reason, here’s a crash course in all things compensation benchmarking. What is compensation benchmarking? How does compensation benchmarking work?

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Zenefits

MARCH 22, 2018

That’s why we’re here to offer our SMB benchmark report– this is fresh Zenefits data, pulled from over 4,000 customers (small businesses with under 100 employees) on what health insurance packages they’re currently offering. Download our full benchmark report below!

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Benchmarking Report Zenefits Planning Tools 28

Zenefits

APRIL 15, 2021

A recent study from the Prodoscore Research Council (PRC) offers some answers. When researchers compared 2020 to 2019, productivity went up 207.6% When researchers compared 2020 to 2019, productivity went up 207.6% In fact, research suggests that employee productivity may only last about 3 hours a day!

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Productivity Hiring Software HR Software Planning Tools 78

Zenefits

JANUARY 14, 2022

A great many employers are catching on to the importance of HR automation, and adoption is expected to keep rising. Research found that only these 5 may not be suitable for automation: HR and business strategy. As stated in a Zenefits report , “Managers waste 140 hours a year manually creating schedules for their employees.”.

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Zenefits

JANUARY 4, 2022

If this is your first foray into more formalized goal setting or you’re just looking for some new ideas, here’s a crash course in goal setting with information from our in-house experts. Start with a SWOT analysis and a benchmarking exercise. Next, you’ll want to do some benchmarking work.

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Zenefits

MARCH 19, 2019

But did you know that an employer-sponsored 401k does also benefit the employer? How Does a 401k Benefit an Employer? From an employers perspective, offering a 401k can give you that extra edge to stand out amongst your competitors. Employers also have the ability to use retirement perks as incentives.

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Zenefits

JANUARY 13, 2022

Most of the other workers who don’t feel engaged won’t ever disclose this information to their employers—at least not directly. These surveys are a convenient way for employees to anonymously express their satisfaction or dissatisfaction with their employer and working conditions. Types of employee engagement surveys.

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Zenefits

JUNE 1, 2017

Employer-sponsored health benefits. In fact, while most insurers require employers to pay at least 50 percent of the health insurance premium for employees, small businesses actually contribute more than the minimum, according to a 2017 research report from Zenefits. Flexible work arrangements.

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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. What is Workplace Wellness? “A A Wellness Resolution You Can Keep.

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Zenefits

MAY 8, 2017

And, research shows that a company’s approach to these processes significantly impacts the average duration of employment. Phone screens. This, of course, is an average that’s meant to provide employers with a benchmark. . At Zenefits, the onboarding experience begins as soon as a person signs an offer letter.

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Zenefits

JUNE 8, 2022

The good news is that employers can help. Employers can boost retention and morale by investing in mental health resources for workers’ children. As an employer, it doesn’t work to just give a recommendation to a telehealthcare provider. The Zenefits 2021 Benefits Benchmark Report. 30% suffer from depression.

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Vantage Circle

SEPTEMBER 11, 2023

From personalized plan comparisons to easy enrollment and on-demand access to benefits information, this platform empowers employees to make informed decisions that align with their unique needs and lifestyles. Detailed descriptions of each platform highlight their standout features, helping readers make informed decisions.

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Zenefits

JUNE 15, 2017

The company’s Q1 2016 Employment Confidence Survey found: “ More than half (53%) of American employees (including those self-employed) believe if they lost their job they would be able to find a new job matched to their experience and current compensation levels in the next six months. 45-54 (70%). 35-44 (84%). 55-64 (66%). Forbes ).

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Zenefits

FEBRUARY 7, 2019

There’s a common cultural story around today’s workforce is that’s comprised of three main ideas: (1) employees are showing less loyalty to their employers, (2) people are switching jobs without much consideration, and (3) Millennials can’t (or won’t) hold a job. In some ways, full-time employees cost employers more.

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Zenefits

JANUARY 16, 2019

For employers, compensation comparison can feel a bit intimidating. Research mean pay rates in your industry. Research Mean Pay Rates in Your Industry. Research the median pay for each position in your firm. Research the median pay for each position in your firm. How do you know if you’re offering the right salary?

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Zenefits

MAY 15, 2018

These are a few ways some employers think about managing employee engagement. Understanding and benchmarking engagement gives you the ability to improve performance, and that starts with asking the best questions in an employee engagement survey. But it shouldn’t be this way. This isn’t as hard you might think.

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Zenefits

OCTOBER 28, 2021

Businesses consistently create new benchmarks to grow and improve when it comes to their bottom line, but they should devote the same care when it comes to a company’s performance management goals as well. Is employee morale up but no real strides are being made toward company benchmarks? Focusing on employee satisfaction.

Performance Management 36

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Zenefits

MAY 6, 2019

This new wave of legislation has many small companies confused: why would salary information be any more problematic than asking for work history? If you do business in any of the states or municipalities, and there are almost 30 to date , that prohibit requesting salary information, you understand what’s required, but you may not know why.

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Zenefits

JANUARY 4, 2019

A modern payroll system can keep you compliant while managing employer payroll taxes, pay schedules, document exempt vs nonexempt workers and overtime hours, handle wage garnishments, and much more. An HRMS takes the time out of measuring employee progress, goals, and benchmarks. Personal Information. Performance Management.

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Zenefits

JUNE 13, 2022

A national survey by Mercer says employers should anticipate an increase of 4.7% Analysts caution, though, that some employers may see wide variations in cost. Many people delayed healthcare during the pandemic, which allowed many employers to keep their costs stable. These all contribute to cost increases.

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Zenefits

JUNE 25, 2018

The best place to start your research is with the preexisting FWA policies other companies are offering. Having necessary equipment and technology is the key to this type of FWA—it means that the employer doesn’t dictate the location from which their employees work. FWAs have plenty of benefits to both employers and employees.

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Zenefits

JULY 5, 2022

Why is feedback important for business and employers? When employers value employee satisfaction, everyone at the company feels like they’re working toward the same goal. Asking for employee feedback (both by the employer and the employee) can contribute to their level of engagement. Informal feedback. Specific feedback.

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Zenefits

JANUARY 31, 2022

Benchmark positions, meaning jobs with similar duties, are the best sources for comparing salaries across positions. We recommend using industry benchmarks. Benchmark positions, meaning jobs with similar duties, are the best sources for comparing salaries across positions. This process is called compensation benchmarking.

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Payroll Hiring Software Wage and Hour Training HR Software 36

Zenefits

SEPTEMBER 14, 2022

Many employers provide workers with an annual statement that shows their total compensation. It also helps you comply with employment laws. Benchmarking. This will require you to do a little research to benchmark your business against current conditions. Benchmarking needs to go beyond pay.

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Compensation Planning Tools Benchmarking Retention and Turnover 41

Zenefits

APRIL 8, 2020

The escalating coronavirus rates are pushing employers to adopt alternative employment strategies, such as telecommuting and remote work. It has also caused various employment law changes at the federal, state, and local levels. Prior to the coronavirus, many small businesses didn’t consider remote work as an employment model.

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Zenefits

FEBRUARY 23, 2022

Making sure your team is feeling engaged will set you apart from other employers. If you’re not sure where to start in understanding your people’s level of engagement, this is a great way to begin benchmarking. to get specific information. This can also lead to distrust between employers and employees.

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Zenefits

DECEMBER 9, 2019

Employer-sponsored health coverage is the top perk that most job seekers care about, followed by paid time off, and employer-sponsored dental and vision. Without understanding this kind of information, you might prioritize the wrong things and your program could miss the mark with your employees. And the employee?

Hiring Software 36

Hiring Software Planning Tools Zenefits Recruiting Software 36

Zenefits

FEBRUARY 13, 2020

Sites like Udemy and LinkedIn publish reports each year that highlight the most sought after and researched skills. Another LinkedIn report indicates that leadership and oral communications are the most coveted soft skills for future employment. Creativity. Innovation. Support the development of those soft skills.

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Zenefits

FEBRUARY 19, 2019

Check out our salary to hourly wage calculator towards the bottom of this post for an immediate answer. In some ways, full-time employees cost employers more. Sometimes hiring an independent contractor, or 1099 worker, is a more economical choice for an employer looking to get work done on a lean budget. But not always.

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Hiring Software Zenefits Benchmarking Planning Tools 28

Zenefits

MARCH 11, 2021

Though features vary by employer, technology that offers the following qualities are commonly sought after: Configured to comply with changes in federal, state, and local benefits laws. Secure infrastructure that stores and protects benefits information. Benchmarking tools, to compare your benefit offerings with your competitors’.

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Assessment Software Onboarding Software Planning Tools HR Software 69

Zenefits

MAY 11, 2022

Consider using these 4 recruiting tips to stand out in a competitive employer landscape and motivate talent to apply for your open positions. In February 2022, Gallup released a survey of 13,085 United States employees revealing what was most important to them when they considered whether to accept a new job offer from an employer.

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