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How to Evaluate Your Compensation Plan

Zenefits

Whether you are recruiting new employees or focusing on employee retention , a solid compensation plan is key to finding and keeping top-quality employees. That means a regular review of your compensation package should be a top priority. Is it time to evaluate your company’s compensation package? Total compensation.

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CEO Survey: Bonuses Will Take A Hit In 2023

Chief Executive

According to data from our CEO & Senior Executive Compensation Report for Private U.S. Companies, 2021 bonus payouts were historically high—especially following the Covid cutbacks. Bonuses 2022 followed suit for many, as growth out of the pandemic continued. Will 2023 fit the trend? Preliminary data says no.

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CEO Survey: Expect Salary Increases To Stall In 2023

Chief Executive

percent in 2021 alone—the fastest growth since the early-80s, according to the Social Security Administration. This month’s survey is part of ongoing compensation research by Chief Executive Group, which includes our annual CEO and Senior Executive Compensation report , the largest survey of its kind conduced in the United States.

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What You Need to Know About Providing Healthcare Benefits in 2022

Zenefits

The advisory firm reports the average employer cost in 2021 was $13,360 per employee. For example, highly compensated workers may pay a larger portion of the cost of premiums. It’s much better to do competitive benchmarking in your industry and location. increase in premiums. Do you need to offer healthcare benefits?

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How Much Should You Raise Salaries to Match Inflation?

Zenefits

You can use a benchmarking tool like Zenefits which offers real-world salaries to better understand your company’s wages. That doesn’t mean you have to miss out on talent, because work is no longer about compensation. since 2021. Not factoring inflation into employee compensation? In 2022, a survey of U.S.

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Affordable Care Act Requirements for 2022-2023

Zenefits

Some states have exceptions, based on their 2021-2022 period, including: California — November 1-January 31. on wages or compensation for high earners. Online brokers can no longer give qualified health plan advertisements and preferred website placements in exchange for compensation. Benefits Benchmarks Report.

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7 Worst Employee Benefits

Zenefits

The point of employee benefits is to provide a worker with additional compensation and highlight their value. Benchmark your benefits and offer benefits workers love. Check out our 2021 Benefits Benchmark Report for the in-depth analysis of the best medical and health insurance packages for small and mid-sized businesses.