Zenefits

JULY 24, 2022

Proper compensation planning is essential to ensuring you are rewarding the right people for the right input. Read on to better understand the importance of compensation planning and how to develop an effective plan for your organization. What are vital considerations in compensation planning? Promotes employee loyalty.

HR Planning 36

HR Planning Compensation Talent Experience Guidelines 36

Zenefits

OCTOBER 20, 2021

Most employers will hold open enrollment 2022 in late November or early December 2021 , according to the Society for Human Resource Management (SHRM). Many benefit plans operate on a calendar-year basis, with the calendar year starting January 1 and open enrollment typically happening in November. Employer-sponsored benefits.

HR Planning 78

HR Planning Planning Tools Zenefits HR Software 78

Zenefits

JUNE 14, 2021

The HR function is an organizational engine — whose job is to find the right people and steer them toward the company mission. When economic slowdowns occur, the HR engine must adapt; otherwise, it will sputter and impede business progress. For this reason, you must prepare your HR engine for economic speed bumps.

HR Planning 61

HR Planning How To HR Function Analysis 61

Zenefits

JUNE 29, 2021

Benchmark benefits. To obtain granular information based on your industry and location, you’ll need a customized benchmarking report. Customized benefits benchmarking can deliver insight into employer trends for: Healthcare and welfare plans. Preventative health and wellness plans. Leave benefits.

Employee Benefits 68

Employee Benefits Planning Tools Hiring Software Onboarding Software 68

Zenefits

JULY 28, 2022

In this article, we’ll explain what HRIS systems do, their benefits, and how to find the best HR software for your business. What are human resource information (HRIS) systems? A human resource information system (HRIS) is software for HR administration that unifies various processes into 1 platform, including: Hiring.

HR Software 36

HR Software Hiring Software Onboarding Software Assessment Software 36

Zenefits

JUNE 13, 2022

Forty percent of employees surveyed chose healthcare benefits over competitive salaries, retirement plans, or bonuses. Whether you’re renewing your health plans for this year or looking ahead to next year’s plans, expect higher costs. These rules require the following: Effective for plans beginning Jan.

Planning Tools 36

Planning Tools Onboarding Software Payroll Benchmarking 36

Zenefits

JULY 6, 2022

When looking to differentiate their compensation packages and attract top talent, many HR managers and business owners are asking themselves a question that would have been laughed at 5 years ago: Should your 401(k) plan offer cryptocurrency investments? Potential downsides to having crypto in your employee retirement plan.

Planning Tools 36

Planning Tools Retirement Onboarding Software HR Software 36

Zenefits

SEPTEMBER 16, 2022

One of the benchmarks of effective teamwork is the ability of team members to share ideas. What’s your biggest 2022 HR challenge that you’d like to resolve. Answer to see the results. Automate payroll. Streamline HR processes. Automate payroll. Streamline HR processes. Any of the above.

Onboarding Software 41

Onboarding Software Strategy HR Software Planning Tools 41

Zenefits

DECEMBER 10, 2022

In other words, a toxic manager may believe that stress is the only way to force results out of workers. But in the end, it hinders real performance, burns out staff, results in high turnover, and damages brand reputation. For HR teams and People Ops, however, toxic workplace behaviors can be overcome or avoided.

HR Planning 36

HR Planning Hiring Software Harassment Sexual Harassment 36

Zenefits

APRIL 25, 2022

Well-defined human resources ( HR ) policies are an essential part of any company’s framework. The reality is that we can’t solve every business problem or challenge with a new HR policy. Sometimes HR policies do more harm than good, especially ones not designed or introduced correctly.

Policies 36

Policies HR Planning HR Software Onboarding Software 36

Zenefits

AUGUST 3, 2022

Human resources. Of these, 74% of businesses hire strategy consultants, and 61% hire help for human resources. At this point, the external consultant will combine their review of your business to industry benchmarks, as well as research competitor strategies. Answer to see the results. Automate payroll.

Hiring Software 36

Hiring Software HR Planning Onboarding Software HR Software 36

Zenefits

JULY 28, 2021

Assuring staff is compensated fairly, aligned with skills, experience, and market conditions, and that payroll drives your strategic plan forward is critical to business success. Few companies, especially small to medium-sized businesses, have a specific, detailed compensation plan. Strategic planning. What does a CCP do?

Compensation 41

Compensation HR Planning Bonuses and Incentives Hiring Software 41

Zenefits

FEBRUARY 23, 2022

If you’re not sure where to start in understanding your people’s level of engagement, this is a great way to begin benchmarking. It’s important that you remain transparent about the results and how you plan on applying them. What’s your biggest 2022 HR challenge that you’d like to resolve.

Employee Engagement 41

Employee Engagement Survey HR Software Onboarding Software 41

Zenefits

DECEMBER 22, 2021

Your company should have a plan to figure out equitable, fair pay for all of your employees. How to make a company-wide plan. The goal would be to create a plan to determine pay grades that consider all these variables while also accounting for compensating exceptional employees you want to retain.

Bonuses and Incentives 36

Bonuses and Incentives Hiring Software Planning Tools How To 36

Zenefits

MAY 8, 2022

The modern HR team has a number of challenges to solve, but perhaps one of the most long-standing of them is employee retention. Between organizing onboarding for new hires and combating burnout with employee-centric policies, there are several ways that an HR professional can reduce employee turnover. Answer to see the results.

HR Planning 36

HR Planning Retention and Turnover Onboarding Software Hiring Software 36

Zenefits

AUGUST 24, 2022

Others may value retirement plans more than health insurance, particularly if they are eligible for health coverage under their spouse’s plan. How satisfied are you with your health insurance plan? Additional questions: How satisfied are you with your retirement plan? Answer to see the results. Automate payroll.

Employee Benefits 36

Employee Benefits Survey Hiring Software Onboarding Software 36

Zenefits

MARCH 11, 2021

managers, HR/benefits staff, and employees). Integrates benefits administration with human resources, payroll, and timekeeping — to save time and reduce administrative errors. Plan building that lets you personalize benefits according to individual employee needs. Determine your budget for the technology.

Assessment Software 69

Assessment Software Onboarding Software Planning Tools HR Software 69

Zenefits

JUNE 8, 2022

But while over half of working parents are pursuing mental health services for their children, only 23% felt comfortable speaking about this issue with HR. Employers can boost retention and morale by investing in mental health resources for workers’ children. Support groups and resources. Answer to see the results.

Onboarding Software 36

Onboarding Software Zenefits HR Software Planning Tools 36

Zenefits

AUGUST 30, 2022

As the Great Resignation continues with no end in sight , acquiring and retaining top talent is keeping HR professionals busy. Designing a comprehensive but budget-friendly benefits package is 1 way Human Resources teams and small businesses can boost employee satisfaction and reduce turnover. Answer to see the results.

Employee Benefits 36

Employee Benefits HR Planning Policies Retirement 36

Zenefits

DECEMBER 29, 2021

Start at the finish line and think about how you plan to get there. With each gap, compare data from compensation benchmarking tools to determine how much you’ll have to spend to attract needed talent. Compensation benchmarking provides pay transparency and equality which employees enjoy — especially if it applies to promotions.

Payscale 36

Payscale Strategy Hiring Software Bonuses and Incentives 36

Zenefits

FEBRUARY 23, 2021

Benefits applications are often integrated into cloud-based human capital management (HCM) technology, to streamline the HR, benefits, and payroll functions. These teams depend largely on manual processes instead of digitized HR systems — causing administrative burnout and financial waste. Reviewing plan documents.

Hiring Software 36

Hiring Software HR Software Onboarding Software Planning Tools 36

Zenefits

JUNE 28, 2022

And 93% of workers simply choose to keep their plan — even when better options might be available in the marketplace. Here are key items to check: Check your grandfathered group health plan to ensure it hasn’t lost its status. Health plans that undergo significant changes can lose their grandfathered status.

Compliance 41

Compliance Planning Tools Hiring Software Onboarding Software 41

Zenefits

MAY 29, 2022

With inflation soaring at 8.5% , most businesses plan payroll increases of 4 percent or more. But, unfortunately, these planned salary increases will continue to lag behind inflation. You can use a benchmarking tool like Zenefits which offers real-world salaries to better understand your company’s wages.

Onboarding Software 41

Onboarding Software Compensation HR Software Planning Tools 41

Zenefits

MARCH 18, 2022

Define the benchmarks for your upskilling program. Make a plan. Once you have finished developing a general roadmap, which we will edit later, it is time to place benchmarks. As tempting as they may find it, HR professionals don’t need to plan every aspect of every training program. Answer to see the results.

Compliance Training 36

Compliance Training Retention and Turnover How To Benchmarking 36

Zenefits

DECEMBER 20, 2022

But for businesses in which their employees select a plan from the government health insurance marketplace, open enrollment and explaining healthcare plans can be a complex topic for the HR team. More than premiums, many are unhappy with the expensive out-of-pocket (OOP) costs related to their health plan. Back to Vote.

Payroll 36

Payroll Onboarding Benchmarking Examples 36

Zenefits

AUGUST 3, 2022

Finally, there are some benefits — such as life insurance or retirement plans — that can push the cost of the program to the employee. One employee benefit that confuses employees and HR professionals is unlimited PTO days. To get started building a meaningful benefits plan, follow these best practices: Ensure benefits are relevant.

Employee Benefits 36

Employee Benefits Retention and Turnover Retirement Benchmarking 36

Zenefits

MAY 15, 2022

Generally, this can become difficult to manage if contracts and repayment plans aren’t in place. What’s your biggest 2022 HR challenge that you’d like to resolve. Answer to see the results. Automate payroll. Streamline HR processes. Automate payroll. Streamline HR processes. Back to Vote.

Onboarding Software 36

Onboarding Software Planning Tools HR Software Payroll 36

Zenefits

MARCH 19, 2019

Everyone knows that a 401k plan benefits the employee. Many organizations tie their contributions to specific goals, and when employees meet these benchmarks they are rewarded by increases in their 401k contribution. 401k plans also help the employer come tax season. How Does a 401k Benefit an Employer?

Retirement 31

Retirement Zenefits Benchmarking Compensation 31

Zenefits

MAY 6, 2019

Creating these in advance, and sticking with them to the extent market conditions allow, helps business plan for sustainability as well as growth. Payroll is typically a small business’s largest expense. More than market fairness, these new laws may help companies look closer at their pay bands and compensation plans.

Hiring Software 37

Hiring Software Background screening Hiring Recruiting Software 37

Zenefits

NOVEMBER 17, 2022

employers provide healthcare plans ( 59% ) and many offer other practical benefits, like retirement plans. Also, benefits generally fall into the “traditional” or “practical” category of incentives, like heathcare coverage, retirement plans, and life insurance. Open office plans. Answer to see the results.

Employee Benefits 36

Employee Benefits Bonuses and Incentives Hiring Software Onboarding Software 36

Zenefits

FEBRUARY 9, 2022

HR professional Whitney Martin says that picking the best EI test depends on having a vision of exactly what you’re hoping to assess and measure in your candidates. What’s the most painful thing that you do during your HR day? Answer to see the results. Trying to run payroll. Trying to run payroll.

Hiring Software 36

Hiring Software Assessment Software Hiring Interview Software 36

Zenefits

DECEMBER 22, 2021

However, to achieve these outcomes, you need a well-built compensation plan. We cover the following: What is a compensation plan? 8 Steps to building your compensation plan. Specialized compensation plans. What is a compensation plan? The plan addresses: Who (i.e., Profit-sharing plans. How much (i.e.,

Compensation 36

Compensation Planning Tools Bonuses and Incentives Hiring Software 36

Zenefits

JANUARY 31, 2022

Payroll is one of the most essential parts of running a business. So it’s crucial to get payroll right. What do you need to know to process payroll correctly? When building your payroll process, look into which pay schedule works best for your employees. We recommend using industry benchmarks. Pay schedules.

Payroll 36

Payroll Hiring Software Wage and Hour Training HR Software 36

Vantage Circle

SEPTEMBER 11, 2023

Imagine a world where managing employee benefits is no longer a daunting task but an empowering experience for HR teams and employees. Benefits platforms also allow companies to centralize and automate the administration of employee benefits, such as health insurance, retirement plans, paid time off, and more.

HR Software 52

HR Software Planning Tools Onboarding Software Hiring Software 52

Zenefits

JULY 9, 2022

What’s your biggest 2022 HR challenge that you’d like to resolve. Answer to see the results. Automate payroll. Streamline HR processes. Automate payroll. Streamline HR processes. The report by OpenComp, a provider of compensation benchmarking tools for startups, offers some answers.

Wage and Hour Training 36

Wage and Hour Training Onboarding Software Background screening Staffing Software 36

Zenefits

SEPTEMBER 21, 2020

When creating your benefits package and forecasting costs for your business, it’s helpful to use accurate benchmarking data to guide your decisions. For a more detailed breakdown on national averages based on percentiles, you can view the report on “Employer Costs of Employee Compensation” and see how your plan compares.

Employee Benefits 53

Employee Benefits Wage and Hour Training Hiring Software Compensation 53

Zenefits

OCTOBER 20, 2022

Currently, the COVID-related student loan relief plan that paused payments, interest-free, is in effect until December 31, 2022. This plan will shave off up to $20,000 from student loan debt for those earning below $125,000. As a small business owner or HR manager, you don’t have to do much. Short-term savings plans.

Retirement 36

Retirement Onboarding Software Planning Tools HR Software 36