Zenefits

FEBRUARY 7, 2023

To provide employees with fair and desirable compensation, savvy companies routinely conduct a compensation analysis. By identifying the right compensation strategy, you can establish a competitive pay structure to help attract and retain talent. What is compensation analysis? Why is compensation analysis important?

Compensation 52

Compensation Marketing Benefits Human Resources 52

AIHR

JUNE 22, 2022

In the competitive candidate market, organizations need to get their compensation strategy right. That’s why a compensation analyst is a fast-growing role and a career path worth considering. Let’s explore the role of a compensation analyst and how you can become one. Contents What is a compensation analyst?

Compensation 89

Compensation Benefits Administration Human Resources 89

Zenefits

FEBRUARY 7, 2023

HR professionals and hiring managers often walk a fine line when it comes to employee compensation issues. If you are involved in the hiring process, you’ve probably already faced challenges with compensation structure and pay levels for existing and new hires. That means employers could face compensation challenges.

Compensation 52

Compensation Human Resources Benchmarking Benefits 52

Zenefits

JULY 24, 2022

With such a large expense account for employee compensation , a solid compensation strategy is a no-brainer. Proper compensation planning is essential to ensuring you are rewarding the right people for the right input. What are vital considerations in compensation planning? Assists you in hiring top talent.

Compensation 52

Compensation Benefits Administration Assets 52

Vantage Circle

SEPTEMBER 8, 2021

As a leader, compensation planning is one of the skills you will need to master. One of the most important aspects of organizational planning is having a compensation plan that rewards employees and provides competitive pay. The bottom line is that the better your compensation strategy is, the better your retention rates.

Compensation 52

Compensation Benefits Retention Compliance 52

15Five

JANUARY 23, 2024

This can help you account for changes in your workforce over the month or year, but a particularly strong value (like your workforce size just after a round of layoffs) could skew that average. Bureau of Labor Statistics is a great resource for benchmarking. Here are some strategies for doing that.

Benchmarking 103

Benchmarking Compensation Retention Metrics 103

AIHR

AUGUST 5, 2024

employee satisfaction / employee engagement ) and benchmark them against previous quarters and top competitors. Ensure leadership accountability: When management acts on employee feedback, it demonstrates accountability and shows that employers value their employees’ opinions.

Scaling 86

Scaling Benchmarking Employee Engagement Manager 86

AIHR

APRIL 1, 2024

This ensures that compensation is commensurate with the worth of individual roles and that each has appropriate entry and performance requirements. Supports strategic HR management: Job evaluation aligns with strategic HR goals by ensuring that compensation practices support the organization’s overall objectives and culture.

Job Analysis 95

Job Analysis Compensation Scaling Marketing 95

AIHR

APRIL 3, 2023

A well-designed salary structure is essential for every organization as it serves as a framework for determining fair compensation for employees. Step structure The step compensation structure is largely based on the length of time an employee has been with the company.

Compensation 117

Compensation Job Analysis Education Marketing 117

AIHR

NOVEMBER 22, 2022

Secrecy around compensation can be a major source of frustration for employees that directly impacts wellbeing and productivity,” says Virgile Raingeard , CEO of Figures, a compensation app for startups and scaleups. “We To maintain this trust, regular benchmarking activities are conducted in a structured, data-driven way.

Compensation 106

Compensation Benchmarking Benefits Implementation 106

AIHR

OCTOBER 23, 2024

These metrics may include elements such as board composition diversity, executive compensation, anticorruption policies, and risk management practices. That way, ESG becomes practical, aligned to business goals, and helps instill the desired culture of accountability that the organization aims for. Governance metrics 12.

Metrics 71

Metrics Government Energy Inclusion 71

AIHR

AUGUST 13, 2024

Core HR processes include recruitment, employee onboarding , training and development, performance management , compensation and benefits , employee relations , and compliance. HR process example: Performance appraisals HR works closely with managers to set performance criteria and benchmarks.

Human Resources 75

Human Resources Compliance Compensation Onboarding 75

15Five

APRIL 16, 2024

Is there a compensation management tool ? For example, does the tool have dedicated account managers who support your business? Compare progress over time and create benchmarks for your industry to see how your company stacks up against the competition. Does it also help you streamline administrative tasks ?

Employee Engagement 98

Employee Engagement Software Onboarding User Experience 98

AIHR

SEPTEMBER 13, 2023

Skills required to earn within the 75th percentile: Human resource expertise: Solid HR knowledge of talent acquisition, performance management, compensation and benefits, employee relations, talent development, and workforce planning. They design, implement, and monitor employees’ equity and compensation plans.

Compensation 97

Compensation Human Resources Recruitment Administration 97

AIHR

SEPTEMBER 27, 2023

Decide on the PTO amount Base this decision on industry benchmarks and your company’s capacity to accommodate leaves. Specify payment on termination of employment Specify the compensation employees can expect for untapped PTO (if applicable in your country).

Inclusion 91

Inclusion Benchmarking Compliance Compensation 91

15Five

JANUARY 18, 2024

I feel like we’re constantly losing people”) into hard facts you can compare to industry benchmarks (e.g. Often, organizations will use an average number of employees over that period rather than an absolute number to help account for variations. It turns feelings and impressions (e.g. “I Check out our guide here.

Retention 96

Retention Performance Management Compensation Onboarding 96

AIHR

AUGUST 26, 2024

HR tip According to Gallup , managers account for 70% of the variance in their team’s engagement levels. Benchmarking Comparing internal sentiment data with industry benchmarks or historical data can help identify areas for improvement. Company culture and values: Employee alignment with company values and culture.

Metrics 52

Metrics Benchmarking Employee Engagement Retention 52

Zenefits

JUNE 1, 2022

This works well for diverse employees who may value different holidays and allows those who do have to work on holidays to take other days off to compensate. While the decision of how much PTO to offer is up to you, it’s a smart idea to benchmark other businesses in your industry, especially your competitors. No account yet?

Retention 59

Retention Benefits Benchmarking Recruitment 59

Chief Executive

FEBRUARY 9, 2023

Even if you manage to generate consistently high profit margins, do you regularly benchmark your gross profit, operating margin and EBITDA against peer businesses in your industry? Use a third party for assistance if necessary.

Sales 98

Sales Sales Benchmarking Compensation 98

Zenefits

JUNE 13, 2022

If you self-insure, you will still be accountable for complying. 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. A good place to start is with the Zenefits Benefits Benchmark Report. Remember Me.

Benefits 52

Benefits Insurance Small Business Benchmarking 52

Zenefits

MAY 29, 2022

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. Not factoring inflation into employee compensation? California has much higher rates than Alabama.

Compensation 59

Compensation Benefits Accounts Administration 59

Zenefits

JUNE 29, 2022

But a large IT firm that handles sensitive data will likely need cyber insurance, worker’s compensation, and professional liability insurance, among other options. For example, most states currently require businesses to purchase Worker’s Compensation Insurance. Worker’s Compensation. No account yet?

Small Business 52

Small Business Insurance Compensation Cash Flow 52

AIHR

MARCH 22, 2023

Conduct a market analysis for the job offer Conducting a market analysis typically includes researching salary and benefit trends for your industry and region, analysing competitor job offers and based on your research, creating a competitive compensation and benefits package. What is a job offer letter?

Compensation 93

Compensation Recruitment Benefits Marketing 93

Vantage Circle

JANUARY 19, 2023

Sales incentive programs are systems developed by businesses to compensate salespersons for achieving certain specific goals. This program has the benefit of creating a sense of social accountability for team members. Which is why we need different approches to employee compensation. What Is A Sales Incentive Program?

Sales 93

Sales Sales Compensation Travel 93

Zenefits

JULY 28, 2022

Account provisioning. Make sure any HRIS software you consider lets you easily assess compensation summaries, turnover rates, headcount, equal opportunity statistics, and more. You may also want access to compensation data to benchmark salaries against other businesses in your area or your industry. No account yet?

Small Business 52

Small Business Human Resource Information Systems (HRIS) Compliance Software 52

AIHR

OCTOBER 13, 2022

In this episode of All About HR season 2, we sit down with Virgile Raingeard — CEO @ Figures — to discuss how HR in startups and scaleups can build an inflation-proof compensation strategy. Virgile is an experienced C&B leader whose company is dedicated to helping startups and scaleups build fair and equitable compensation philosophy.

Compensation 52

Compensation Manager Benefits Scaling 52

AIHR

JULY 26, 2022

Mapping out a strategy of all the positions you need to hire and the recruitment expenses that go with it (job ads, staffing agency fees, onboarding costs) enables you to make an informed decision in planning your budget to account for your staffing requirements. Determine who needs to be involved. A final word.

Staffing 132

Staffing Recruitment Sales Sales 132

Zenefits

JUNE 28, 2022

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. No account yet? This minimum value calculator can help you determine whether your plan meets this threshold.

Compliance 59

Compliance Insurance Benefits Advertising 59

AIHR

JANUARY 24, 2023

This keeps you accountable and on track for success. It also maintains accountability while you strive to address the root causes of any inequalities in your workplace. Awareness and accountability Data can signal potential issues to address before they manifest into more significant problems or conflicts. Why collect DEI data?

Diversity 86

Diversity Employee Engagement Inclusion Compliance 86

AIHR

OCTOBER 5, 2023

Localized compensation & benefits – Creating compensation packages tailored to different regions to attract and retain the best talent globally. Creating a RACI chart (Responsible, Accountable, Consulted, Informed) helps clarify who is responsible for what tasks and decisions.

Change Management 102

Change Management Implementation ROI Assets 102

Vantage Circle

MAY 20, 2022

" She adds that "internal alignment allows for accountability and trust and opens the door for conversation, powering future initiatives and fueling deeper understanding." " Ideally, you'll have baseline pre-intervention data to track progress, but if not, use benchmark data from others in your industry.

Inclusion 93

Inclusion Diversity Education Recruitment 93

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? You cannot hold cryptocurrency in a regular brokerage account. No account yet?

Assets 52

Assets Benefits Administration Compliance 52

Zenefits

AUGUST 3, 2022

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.

Benefits 52

Benefits Insurance Retention Benchmarking 52

Vantage Circle

SEPTEMBER 11, 2023

5 Source Features Health, dental, and vision insurance Life and disability insurance 401(k) retirement plans Health savings accounts Flexible spending accounts Workers’ compensation insurance Commuter benefits, gym memberships, and mental health assistance. Recording of blackout dates. Manage time off requests.

Benefits 52

Benefits Administration Compliance Software 52

Walk Me

OCTOBER 11, 2022

Software managers can add and monitor specific goals and record the employee’s benchmarks to show their progress. Talent management systems contained within HCM software exist to support companies in managing leadership development, performance, and compensation management. Compensation management. Talent management.

Software 52

Software Manager Workflows Digital Transformation 52

AIHR

JULY 17, 2023

This can inform you whether all underrepresented groups and genders are compensated equally or if any discrepancies need fixing. Starbucks has three in-house pay equity principles: equal footing, transparency, and accountability – which it uses to hold itself accountable and achieve its pay equity goals.

Implementation 79

Implementation Diversity Inclusion Recruitment 79

Walk Me

JULY 27, 2023

They help potential candidates understand what will be expected of them and provide a benchmark for evaluating employee performance. It covers everything from setting up their workstations and email accounts, introducing them to their team, and training them in company systems and procedures.

Human Resources 52

Human Resources Compliance Employee Engagement Diversity 52