Remove Benefits Remove Compensation Remove Small Business
article thumbnail

How To Calculate Total Compensation

Zenefits

Total compensation reflects all that employees earn. Both employers and employees should be aware of total compensation packages so they can fairly evaluate employee pay. Employers must budget for all that’s included within an employee compensation package , and they must also compose competitive offers. Calculate a weekly pay.

article thumbnail

Types of Small Business Insurance to Reduce Your Risks

Zenefits

According to The Hartford, 4 out of 10 small businesses will file an insurance claim over a 10-year span.¹ So if you’re in business long-term, the chances of you needing a dependable insurance policy is great. Business insurance protects businesses by mitigating the risks of adverse events.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Penalties for Benefits Noncompliance

Zenefits

Inflation is not only fueling price increases; it’s also requiring employers to pay more in penalties for not complying with benefits laws under the Employee Retirement and Income Security Act of 1974 (ERISA). History of benefits compliance. Employers have been offering employee benefits since the late 1800s. Retirement.

article thumbnail

Best Workers Comp Insurance for Small Business

Zenefits

Does your company have a workers compensation insurance policy? Workers compensation helps pay for work-related injuries or illnesses. Without a valid and active workers compensation policy, you could be forced to pay those expenses from your business finances. What is workers compensation in insurance?

article thumbnail

How Much Is Small Business Insurance?

Zenefits

Small business owners typically spend their days focusing on the best ways to serve customers and guide employees. When the topic of business insurance coverage surfaces, such busy people rarely ask much more than the annual premium cost. Thus, small business insurance offers vital security for growing companies.

article thumbnail

PEO for Small Business? Yes, Yes, and Why.

Zenefits

All small business owners should know about professional employer organizations (PEOs), which enable companies to outsource their human resources responsibilities. A PEO for small business can help the company save money and reduce employee turnover. Why use a PEO for small business? What is a PEO?

article thumbnail

What HRIS Systems Are Best for Small Businesses?

Zenefits

In this article, we’ll explain what HRIS systems do, their benefits, and how to find the best HR software for your business. Benefits administration. HRIS systems for small businesses have evolved greatly over the years. HRIS systems for small businesses have evolved greatly over the years.