Resource Center

The business world moves fast. Here, you’ll find the expert advice you need to stay ahead of the curve.

Benefits

Benefits Administration: A Guide for HR Leaders

Benefits Administration: A Guide for HR Leaders

Why Employee Benefits Matter Believe it or not, your benefits package can have a serious impact on your ability to recruit, engage and retain talent. Hard to believe? It shouldn’t be. SHRM reports more than 50% of U.S. job candidates say benefits are among their top considerations before accepting a job. That’s why selecting the right benefits package is one of the most important things you’ll do for your employees over the life of your business. Choose the right benefits and your employees might never want to leave. Offer the wrong ones… you might as well install a revolving door. Businesses that get benefits right reap big rewards. Whether you’re aiming to boost your employees’ overall performance or you’re looking to improve...

How to Build Irresistible Benefits Packages for Employees

How to Build Irresistible Benefits Packages for Employees

Employee Benefits Packages: Foundational to Workplace Satisfaction While a competitive salary is an essential part of attracting top talent, in today’s hot hiring market, the employee benefits package is just as important.More than ever before, employees are being offered robust and interesting job benefits as organizations strive to keep pace with the shifting culture of work today. Historically, offering health insurance and a 401k were the expected aspects of a benefits package. Today, employees are being offered benefits packages that include generous vacation policies and flexible working arrangements.In this article, we’ll share the most important aspects of an employee benefits package. You’ll learn what to offer in order to fully...

HR

Are Domestic Partner Benefits Mandatory?

Are Domestic Partner Benefits Mandatory?

A Brief History: Only What You Need to Know The roots of domestic partner benefits stretch way back to 1982, when the City of San Francisco enacted legislation to offer health insurance coverage to the same or opposite sex partners of its unmarried employees. “Domestic partner” soon became the official legal term used by insurers and private and public employers.Also, in 1982, New York City newspaper The Village Voice became the first private employer to offer domestic partner health care benefits. Many other companies and municipalities followed suit. Fast forward to more than 30 years later when, in 2015, the United States Supreme Court ruled that domestic partner benefits apply to both same-sex and unmarried opposite-sex couples....

People Management

Coronavirus: Support Center For SMB Leaders

Coronavirus: Support Center For SMB Leaders

Pandemic Planning Employee Safety Financing and Tax Relief Working From Home Compliance Paycor is Here for You Paycor Can Help Your Business Today and Tomorrow. See how our technology and expertise can help guide your business through this crisis and prepare to get back to growth in the future. Stay Informed, See Around Corners: Bookmark this page for daily updates and expert advice for HR and Finance leaders. View Live and On-Demand Webinars: Updated daily, here are the most popular:Insights From A Public Health Official - 3/31/20 @10am ET COVID-19 And Unemployment Cost Management - 4/1/20 @2pm ET Business Continuity Planning Tips For SMB Leaders Employers' Guide to COVID-19 Coronavirus Response Act: What Business Leaders Need To Know...

SMB Leaders' Guide (And Template) to Coronavirus Communications

SMB Leaders' Guide (And Template) to Coronavirus Communications

Tips to communicate to your employees and customers during a crisis Whether it’s a natural disaster or a global pandemic, SMB leaders are on the frontlines of communication. During times of crisis, rumors spread and if we’re not careful, people have been known to panic. Let’s make sure that doesn’t happen.In this article, we’ll talk about how to get communication right and keep employees and customers informed. Effective communication builds trust. It’s much more than a single PR statement or website alert.Get Coronavirus Communications Template Assemble a communications team First, identify who will be part of the crisis comms. team. Hindsight is 20/20 of course, so if you have a plan in place, all the better. If not, your best bet is...

5 Ways to Make Work from Home Successful

5 Ways to Make Work from Home Successful

There are nearly five million workers in the U.S. who telecommute (work from home) for at least a portion of the week, according to a recent survey by Global Workplace Analytics and Flexjobs. That’s an increase of 159% over 12 years. Working from home is no longer a “nice to have” for job candidates and employees—it’s a perk that workers are starting to demand. Remote employees tend to be more productive, healthy and less stressed, but there are some considerations to keep in mind as you transition your workforce to a WFH environment.Set Clear Expectations for Your Employees Company leadership and managers need to set clear expectations from the beginning. What hours of the day do you expect your employees to be online and available? How...

Compliance

401(k) Match Limits: What Payroll Administrators  Need to Know

401(k) Match Limits: What Payroll Administrators Need to Know

It’s a relatively small change, but it’s a change for payroll administrators to take notice of. As of November 2019, your employees’ contribution limits for their 401(k) increased to $19,500 from $19,000. The increase raises the total annual contribution amount (employee plus employer contribution) to $57,000 or 100% of the employee’s salary if they make less than that. Most companies typically offer 3-6% in matching funds, but there is no limit to the amount an employer can contribute as long as the annual cap isn’t reached. 2020 & 2019 401(k) Match Limits Defined Contribution Plan Limits 2020 2019 Difference Maximum employee contribution $19,500 $19,000 +$500 Catch-up contribution for employees aged 50 or older $6,500 $6,000 +$500...

Case Study: Pawtucket Red Sox

Case Study: Pawtucket Red Sox

The Pawtucket Red Sox Save 80+ Hours a Year with Paycor Solutions “Paycor’s solutions are truly influenced by the professionals who use them. I personally made a suggestion for a product enhancement and it was implemented within months. That tells me Paycor is focused on providing a useful tool and quality experience for users and not just making another sale.” - Matt Levin, Senior Vice President/Chief Financial & Technology Officer Why the Pawtucket Red Sox Baseball Club Chose Paycor The Pawtucket Red Sox (Pawsox) are more than a professional minor league baseball club. They’re an organization that’s dedicated to positively impacting their local community. But since their HR & payroll technology was more of a burden than a...

4 Common Payroll Mistakes and How to Fix Them

4 Common Payroll Mistakes and How to Fix Them

Overtime Pay, Pay Equity, Workers’ Comp, Payroll Taxes Topics Covered Missclassifying Employees Pay Equity Workers' Comp Payroll Taxes Dump Your Payroll Provider Payroll Compliance: More Complex Than You Think From FLSA, EPA, Workers Comp and more, there are lots of federal laws to keep track of, and state and local taxes only add complexity. That’s why HR and business leaders need to have processes in place to consistently apply pay policies, accurately calculate overtime and streamline leave policies. If you don’t and your company is audited or sued, you won’t have the proper controls in place to quickly provide accurate records and audit trails. Here are four common Payroll mistakes you might be making: Misclassifying Freelancers and...

Employee Experience

Employee’s Guide to Working from Home

Employee’s Guide to Working from Home

How to Work from Home (Without Going Crazy)Fortunately, most people have never had to deal with a massive virus outbreak such as the one we’re experiencing now. Unfortunately, that makes managing the situation with the COVID-19 pandemic an entirely new realm for both businesses and employees. Along with diligent handwashing, social distancing is key to preventing the spread of the disease. In response, many employers are adopting risk reduction strategies and encouraging employees to work from home (WFH) for at least two weeks. For companies that are largely made up of offsite workers, this approach generally won’t pose a challenge; however, many companies have never worked that way and, as a result, either have no formal policy or they’...

How to Recruit, Coach and Develop Teams

How to Recruit, Coach and Develop Teams

Employee engagement is a constant challenge. According to Gallup, only a third of workers say they feel motivated to add value and succeed on the job. Why is that? One reason might surprise you.Paycor surveyed more than 1,000 HR and finance leaders and found that while nearly everyone agrees teamwork is important, only a third say their company promotes effective teamwork. There’s a lot of evidence to suggest that ineffective teams reduce employee morale and engagement. So, what to do?Hire the right people, not the “best” people.Research shows that putting together a group of type-A high performers generates a degree of competitiveness to a point that can be counterproductive. Instead, focus on creating a team of mixed personalities...

Mobile Payroll App Pros and Cons

Mobile Payroll App Pros and Cons

Mobile applications, also called mobile apps or just apps, are computer programs that are designed to run on mobile devices such as iPhones, Android devices, tablets or smart watches. Apps are typically downloaded from distribution platforms such as Apple’s App Store or Google Play Store for Android devices. They were originally pretty basic tools mainly created to assist with productivity such as email and calendar apps, but the functionality became highly popular. Now literally millions of apps are available, including apps for mobile payroll.The first basic payroll self-service app came out in 2010. Over the past decade, and with advances in technology, employees can now access far more than just their pay stubs with a tap of the...

Labor Costs

How to Apply for a Coronavirus Small Business Loan

How to Apply for a Coronavirus Small Business Loan

As we all do the best we can to protect our communities from the coronavirus (COVID-19) pandemic, daily life is changing due to social distancing and lockdown in many cities. Measures like these, though necessary, inevitably damage the American economy, with small businesses hit especially hard. To mitigate the economic effects of the disaster, the federal government has announced a series of measures including offering affected small businesses low-interest loans of up to $2 million. Who is Providing the Small Business Assistance? Loans will be provided by the U.S. Small Business Administration (SBA), who have long issued fully federal-funded Economic Injury Disaster Loans (EIDL) to businesses in communities affected by natural...

Leap Year Payroll: How to Handle 27 Pay Periods

Leap Year Payroll: How to Handle 27 Pay Periods

If you pay employees bi-weekly, you normally have 26 pay periods a year. But 2020 brings you an extra one—thanks, leap year. True, an extra pay period isn’t exclusive to leap years, sometimes it just depends on which day of the week you pay your employees. But regardless of when it occurs, it can cause headaches for HR and payroll administrators who aren’t prepared.There are a few ways to approach a 27-pay-period year, but the most important thing is to communicate your plan to your workforce. Make sure they understand what to expect so there aren’t any surprises surrounding their paychecks. How to Pay Employees During a Year with 27 Pay Periods Option 1: Everyone gets an extra paycheck. Woo-hoo! The extra paycheck would be for the same...

The Future of HR

The Future of HR

Paycor asked 500+ CEOS, CFOs and HR executives about their human resources challenges, the impact of artificial intelligence and big data and their priorities over the next few years. We compiled the results and are sharing the findings and key takeaways in our report, The Future of HR. Here’s a sneak peek. 45% of Human Resources Professionals Are Concerned About Recruiting & Retention With unemployment at an all-time low, companies are being forced to up their recruiting game or risk missing out on top talent. But it’s not just about attracting employees. The average worker will change jobs at least 12 times throughout their career, which puts pressure on HR to engage, train and develop talent so they’ll never want to leave. This is...

Recruiting

FAQ: How to Hire People with Disabilities

FAQ: How to Hire People with Disabilities

Only 19.1% of disabled Americans are employed compared with 65.9% of the general population, according to the U.S. Bureau of Labor Statistics. Qualified job seekers with disabilities may be held back by companies’ fear of expensive accommodations or compliance regulations.If you’re interested in hiring people with disabilities, look no further. We’ve answered FAQs to help you remain compliant. Q: How does the federal government define "disability"? A: The concept of “disability” is defined by context. For employers, a person with a disability is someone who: has a physical or mental impairment that substantially limits one or more "major life activities," has a record of such an impairment, or is regarded as having such an impairment....

Interview Scorecards And Scheduling Tools

Interview Scorecards And Scheduling Tools

Interview Guides and Scorecards Paycor Recruiting’s Interview Guides and Scorecards improve new hire quality by allowing you to better prepare your team for interviews while also automating how you collect their feedback along the way. Interview scorecards help your team evaluate talent and predict the best hires in a variety of ways. Paycor Recruiting’s tools allow you to take a more strategic approach to hiring. Recruiters can better prepare their team for interviews and automatically gather hiring manager feedback. HR Directors can promote consistency in the hiring process and drive data-based hiring decisions. Executives can mitigate the risks of a bad hire and reduce turnover. Recruiters Improve interview skills Accelerate decision...

Maintaining Recruiting Compliance

Maintaining Recruiting Compliance

Between the Department of Labor (DOL), the Equal Employment Opportunity Commission (EEOC), the Office of Federal Contract Compliance Programs (OFCCP), and the rest of the alphabet soup of government agencies, employers definitely have their hands full when it comes to maintaining compliance over hiring decisions. This situation is especially true for small and medium-sized employers, who can already be stretched thin when it comes to their resources in general. HR teams at these companies are usually small – sometimes only one person. And they’re in charge of every aspect of the company’s people management. It’s easy to see how the added burden of managing recruiting compliance – much less keeping track of and understanding it all – can...