Netchex HR Blog

OCTOBER 10, 2024

When you can’t always offer a higher salary than your competitors, a big difference maker can be found in your employee benefits. Big-ticket benefits like health insurance are obvious favorites, but less expensive perks like flexible work and earned wage access also attract job seekers.

Recruiting Software 72

Recruiting Software Employee Benefits Hiring Software Onboarding Software 72

AIHR

JULY 27, 2021

It integrates and consolidates multiple functions like employee records, time off, payroll, and benefits in one place. Financial/Payroll management. In other words, you need to have financial and payroll management features on your HRIS requirements checklist. Benefits management. Learning and Development.

HR Software 105

HR Software Onboarding Software Staffing Software Planning Tools 105

Recruiters Lineup

JANUARY 22, 2024

Minimum Wage and Compensation: Armenia has regulations stipulating a minimum wage that employers must adhere to. Additionally, the employment contract should specify the details of the compensation package, including any bonuses, benefits, or allowances offered to the employee.

Video Recruiting 19

Video Recruiting Hiring Software Assessment Software Interview Software 19

AIHR

MAY 29, 2024

HR terms list Compensation & Benefits terms 1. HR term example: “Broadbanding offers flexibility in employee compensation and encourages people to develop new skills to move higher within the pay range.” This article unpacks 93 HR terms, including a usage example for each. ” 2. .” ” 5.

COMPAS 113

COMPAS HR Software HR Planning Hiring Software 113

AIHR

JANUARY 6, 2025

A compensation review process is necessary to assess how fair and competitive your compensation and benefits offerings are and to ensure you attract and retain top talent. This article discusses how to ensure a fair and effective compensation review process and how to tactfully communicate salary changes to employees.

Compensation 98

Compensation Assessment Software Hiring Software HR Software 98

AIHR

FEBRUARY 6, 2025

What if a total compensation statement template could transform the way your organization communicates value to employees? A thoughtfully designed total compensation statement template gives employees a clear, comprehensive view of their rewards, helping you attract and retain top talent while promoting a culture of appreciation.

Compensation 93

Compensation Bonuses and Incentives Wage and Hour Training Planning Tools 93

Vantage Circle

AUGUST 1, 2024

So, apart from enhancing performance and yielding a high return on investment, employee awards also offer tax benefits. Despite being frequently overlooked, the federal income tax implications of incentive programs can result in substantial annual savings for businesses implementing reward programs.

Bonuses and Incentives 95

Bonuses and Incentives Planning Tools Guidelines Certification 95

Celarity

FEBRUARY 4, 2021

In Part I of this series, I covered whether or not you can make a marketing leadership change without losing your full compensation, including salary and other financial incentives. Factors Impacting Yearly Compensation. What is the frequency of your match deposit (payroll period, quarterly, monthly, annually, or other)?

Bonuses and Incentives 62

Bonuses and Incentives Compensation Staffing Recruitment 62

HR Daily Advisor

JANUARY 3, 2018

In most organizations, long-term incentives are gone. Few companies offer pensions today, and for those who do, no one under 35 believes they will ever see those benefits. Take a look at your current incentives for staff. And they don’t settle for being undervalued, or letting those less valuable receive more compensation.

Staffing Software 0

Staffing Software Staffing Hiring Software Retention and Turnover 0

Recruiters Lineup

JANUARY 24, 2024

Minimum Wage and Compensation: Bahamian employment laws dictate the minimum wage rates, which are crucial considerations during the hiring process. Employers must adhere to these standards, ensuring that employees receive fair compensation for their services.

Video Recruiting 94

Video Recruiting Hiring Software Hiring Wage and Hour Training 94

Recruiters Lineup

JANUARY 15, 2024

Employers must be aware of the legal limits on working hours and ensure proper compensation for overtime work. Minimum Wage and Benefits: Ukraine sets a minimum wage that employers must adhere to. Bonuses and Benefits: Non-monetary benefits such as health insurance and other perks might be included in the overall compensation package.

Video Recruiting 97

Video Recruiting Hiring Software Onboarding Software Hiring 97

Extensis

JULY 24, 2024

Total rewards include compensation, benefits, well-being initiatives, and recognition, and help companies increase productivity, retention rates, and talent acquisition success. Here’s how to design an impactful total rewards plan, and how a PEO can help time-strapped SMBs reap the benefits of a well-appointed program.

Hiring Software 105

Hiring Software Assessment Software HR Planning Planning Tools 105

Zenefits

AUGUST 20, 2022

Payroll and HR often work together, but seeing where the line gets drawn can be challenging. With small teams, HR can handle payroll, making the lines even blurrier. If your organization has two separate departments or you want to create them, it’s time to learn the difference between payroll and HR. What are HR functions?

HR Software 36

HR Software Payroll HR Planning Hiring Software 36

Zenefits

JANUARY 8, 2019

One of the main benefits of a good compensation management system is pay equity, but there are ample other benefits, like aiding in budget creation, attracting recruits, reducing turnover, and more. What is compensation management? Compensation managers are an important asset to the company’s success.

Compensation 31

Compensation Hiring Software Staffing Software HR Software 31

Recruiters Lineup

JANUARY 23, 2024

This code outlines the rights and responsibilities of both employers and employees, covering various aspects of the employment relationship, including working hours, wages, leave, termination procedures, and social benefits. Overtime work is subject to additional compensation, usually at a higher rate than regular hours.

Video Recruiting 97

Video Recruiting Hiring Software Background screening Onboarding Software 97

Hppy

OCTOBER 30, 2024

You can offer incentives for carpooling activities, such as gift cards or praise for ‘helpful employees.’ Carpooling incentives or programs can reduce commute stress and accident risks. Travel Time Compensation Most employers do not consider travel time as billable or payable hours.

Bonuses and Incentives 91

Bonuses and Incentives Hiring Software Compensation How To 91

HR Lineup

MARCH 29, 2024

Direct Costs of Employment Direct costs are the most obvious expenses related to employing staff, encompassing elements directly tied to compensation. These include: Base Salary: The primary component of an employee’s compensation, typically determined by factors such as job role, experience, and market rates.

Hiring Software 52

Hiring Software Wage and Hour Training Assessment Software Recruiting Software 52

HR Digest

MARCH 12, 2025

Employers are increasingly turning to fringe benefits. What are fringe benefits? But what exactly is the meaning of fringe benefits, and why do they matter? What are Fringe Benefits? At its core, the fringe benefits meaning refers to any compensation provided to employees beyond their regular wages or salaries.

HR Planning 72

HR Planning Bonuses and Incentives Retention and Turnover Examples 72

HR Lineup

SEPTEMBER 24, 2024

This end-to-end process encompasses various stages of employment, including recruitment, onboarding, performance management, learning and development, compensation and benefits administration, career progression, and eventual retirement or departure from the organization.

Hiring Software 98

Hiring Software AI Recruiting Onboarding Software Recruiting Software 98

AIHR

OCTOBER 27, 2023

What is compensation and benefits? Compensation and benefits refers to the monetary and non-monetary rewards an employee receives from their employer in exchange for their work. Overall compensation is the top factor that job seekers consider when accepting a new job. This money is subject to taxation.

Compensation 116

Compensation Wage and Hour Training COMPAS Bonuses and Incentives 116

Engagedly

JANUARY 5, 2025

Proper documentation supports the fair promotion and compensation given to employees. Improving Communication, Engagement, and Responsibility: Proper documentation ensures effective communication of policies, benefits, and performance goals. These documents prevent the misuse of company data by the employees.

HR Software 52

HR Software Onboarding Software Staffing Software Recruiting Software 52

Insperity

DECEMBER 21, 2015

Paying employees overtime happens, and it may even be wise to include it in your compensation and staffing strategies. When overtime creeps into your payroll and company culture haphazardly: Your C-suite may see it eating away at profits. Is overtime being used as an incentive or bonus without strategic oversight?

Hiring Software 46

Hiring Software Staffing Software HR Software Planning Tools 46

EmployeeConnect

NOVEMBER 7, 2023

It’s a comprehensive offering, a smartly crafted tapestry of benefits and incentives designed by an organisation for its workforce. Surveys have indicated that a substantial 73% of employees would contemplate leaving their job for a better compensation package. Inclusion of life insurance and retirement benefits.

Compensation 147

Compensation HR Software Onboarding Software Planning Tools 147

Zalaris

JULY 25, 2024

When employees feel valued, respected, and fairly compensated, they are more likely to remain committed to their roles and contribute their best efforts. Strategic compensation encompasses various components that collectively contribute to an employee’s total rewards package. 2 times their annual salary.

Compensation 52

Compensation Bonuses and Incentives Recruiting Software Planning Tools 52

15Five

DECEMBER 13, 2024

Compensation is something you absolutely need to get right. That makes compensation planningeverything that goes into your strategy for rewarding peoplesuch a high-stakes game. Most organizations know performance should have some influence on compensation, but arent clear on how much or how. Check out 15Five Compensation!

Planning Tools 130

Planning Tools Compensation Hiring Software HR Software 130

AIHR

FEBRUARY 1, 2024

Is your compensation management approach helping or hurting your organization in the talent war? In a recent LinkedIn Talent Solutions report , compensation was ranked as the #1 top priority for candidates worldwide. In this article, we’ll explore the ins and outs of compensation management and why it matters.

Planning Tools 111

Planning Tools HR Software Compensation Hiring Software 111

Insperity

DECEMBER 21, 2015

Paying employees overtime happens, and it may even be wise to include it in your compensation and staffing strategies. When overtime creeps into your payroll and company culture haphazardly: Your C-suite may see it eating away at profits. Is overtime being used as an incentive or bonus without strategic oversight?

Hiring Software 40

Hiring Software Staffing Software HR Software Planning Tools 40

HR Tech Girl

APRIL 17, 2023

Building an human resources department encompasses hiring for various key roles covering hiring, compliance, compensation management, and administration. HR departments have five principal functions: meeting staffing needs, employee compensation, employee benefits, performance assessment and appraisal, and law compliance.

HR Planning 52

HR Planning HR Software Hiring Software Assessment Software 52

Decusoft

MAY 20, 2021

It is important to conduct compensation data audits frequently in order to produce an equitable and appropriate compensation plan. A comprehensive salary report offers the facts and insights needed to make critical choices on executive pay and overall benefits. What Are The Benefits of Compensation Analysis ?

Analysis 96

Analysis Compensation HR Planning Bonuses and Incentives 96

PeopleStrategy

JANUARY 16, 2020

For example; payroll, the administration of health care and other valuable benefits, adherence to specific compliance regulations and timelines, and sensitive tasks like managing employee disputes or sexual harassment complaint. Payroll management. Payroll management represents one of the key hard skills in HR.

HR Software 182

HR Software Recruiting Software Onboarding Software Resources 182

Vantage Circle

SEPTEMBER 12, 2021

Recommended Read: A Quick And Simple Guide To Compensation Planning. The better you understand your organization, the easier it will be to allocate payroll resources effectively. One can cut these costs by effectively implementing a clear and consistent compensation budget that coordinates all authorized activities.

HR Planning 52

HR Planning HR Software Hiring Software Staffing Software 52

Hppy

AUGUST 10, 2022

While several factors, like opportunities to be promoted, benefits, and job satisfaction, contribute to employee motivation, money motivates most employees. Motivating employees with money can include pay raises for good work, bonuses, monetary incentives, and commissions. Advantages of Using Money as Motivation.

Bonuses and Incentives 172

Bonuses and Incentives Assessment Software Compliance Training Compensation 172

Insperity

JUNE 25, 2020

When businesses go through a crisis resulting in abnormal (or interrupted) operations and significant economic challenges, many companies look to their compensation budgets as an obvious means of cutting costs. Creative compensation strategies for struggling businesses in crisis. Adjustment of annual incentives or targets.

Compensation 115

Compensation Bonuses and Incentives How To Hiring Software 115

AIHR

JUNE 13, 2023

Are you looking to create a sales compensation plan for your company? organizations spend more than $800 billion each year to manage their sales force, with $200 billion devoted solely to compensation. Contents What is sales compensation? Sales compensation is a critical aspect of B2B organizations. Almost 80% of U.S.

Compensation 105

Compensation Planning Tools Bonuses and Incentives Examples 105

Decusoft

APRIL 23, 2021

What is a compensation system ? A compensation package , also known as a “ total compensation plan ,” includes all of a company’s pay structure elements, such as wages, salaries, benefits, and total payout terms. Performance management – total compensation strategies for top talent retention .

Planning Tools 98

Planning Tools Recruiting Software Interview Software Compensation 98

Abel HR

OCTOBER 8, 2020

In a statement, the company chair said that the company had kept “tens of thousands” of workers furloughed, with full health benefits, since the parks closed. Trim compensation: Again, this isn’t a decision that is likely to be met with open arms but will likely be viewed as better than the alternative.

Wage and Hour Training 52

Wage and Hour Training Bonuses and Incentives Compensation Staffing 52

EmployeeConnect

OCTOBER 23, 2022

It focuses on providing additional non-monetary benefits to employees on top of their base salary. The non-monetary benefits can be anything from gas or electricity allowance to rewards such as work flexibility, company car, or child care stipends. Usually, variable pay is an additional compensation over the fixed salary.

HR Software 189

HR Software Employer Branding HR Planning Recruiting Software 189