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Expert advice and action plans for HR and finance leaders who want to make a difference.

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CENTER OF EXCELLENCE

Unlock the True Power of HR

Unlock the True Power of HR

Discover the six pillars that drive HR success Paycor surveyed nearly 2,000 HR leaders and found that less than 10% spend their time proving the value of HR to executives. No wonder 66% of CFO’s say their HR departments have an “average or worse than average” impact on the organization. If this sounds familiar, we want to help you change both the reality and perception of HR in your organization. Based on user groups, one-on-one interviews, third-party research and surveys of HR teams, we’ve developed action plans for six pillars to help organizations achieve HR excellence: Recruiting Benefits Labor costs People management Compliance Employee experience Download the guide to tap into the true power of HR and make a lasting impact on your...

CENTER OF EXCELLENCE

Achieving HR Excellence

Achieving HR Excellence

McKinsey found that the typical HR department still spends 60% of their time on transactional human resources. In today's world of dynamic and constant change, that just won't do.Why not?For starters, you can't recruit and retain top talent if you spend most of your time keying new hire data into payroll or processing administrative tasks.You can't discover new insights about how labor costs are affecting your bottom line if you're too busy manually tracking time and attendance.You can't optimize benefits for a multigenerational workforce if you're stuck hand-holding employees through open enrollment.Get to the next level of HR with a combination of technology and expertise.For nearly 30 years, Paycor has helped medium and small...

CENTER OF EXCELLENCE

How to Build the Ideal HR Team

How to Build the Ideal HR Team

Your resource to understanding where to invest resources as you build your own version of an ideal HR team. In this guide, we’ll: Outline an approach to building an HR team around three key functions: Talent Acquisition, Benefits Administration and HR Operations Dive into the responsibilities of each function and the key metrics that drive their success Consider when, where and why to invest in HCM technology Complete the form below to download the guide now and get started.

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

Return to Work: Toolkit

Return to Work: Toolkit

Re-opening your business after weeks (or months) off is a daunting challenge. Let Paycor help you wrap your mind around what needs to be done. In this toolkit, you’ll find a comprehensive checklist that walks you through the most important to-do’s, from covering off on federal, state and local laws to social distancing guidelines and facilities cleaning and sanitation. We’ve also included in this free download three of our most popular customizable letter templates: Furlough Recall Welcome Back to Employees Workplace Mask Policy

How To Rehire Furloughed Employees (with Template)

How To Rehire Furloughed Employees (with Template)

Furloughed employees agree to take an unpaid leave of absence in an effort to help their organizations cut costs temporarily. From the employer’s point of view, this helps them survive an unprecedented economic downturn but still retain the talent their business needs to come back, hopefully better and stronger than ever. As you know, employers across America have been forced to furlough employees. Some companies will bring their employees back to work (though perhaps not back together in a physical office space) sooner rather than later and, of course, some will regrettably not be able to bring them back at all. If you’re considering ending a furlough, here’s what you need to know.First of all, asking furloughed employees to return to...

Coronavirus Return To Work Letter Template For Employers

Coronavirus Return To Work Letter Template For Employers

As states gradually reopen, HR leaders are working overtime to ensure that workplaces are safe for everyone. The “new normal” will be different to what came before, and employees will understandably have lots of questions about what action has been taken. Communicate all the necessary information to returning employees with a Welcome Back letter. Download COVID-19 Return To Work Letter Template WFH v The Workplace These letters are tailored to employees who are required to be present at an actual workplace, at least most of the time. Remember that if possible it’s still advisable to allow remote work. The more employees who work remotely, the easier social distancing will be for those who can’t—which makes things safer for everyone....

Compliance

5 Things Small Businesses Need to Know About Coronavirus Paid Leave Rules (Form Included)

5 Things Small Businesses Need to Know About Coronavirus Paid Leave Rules (Form Included)

DOL Announcement On April 6, 2020, the Department of Labor (DOL) published regulations on paid leave programs that were first created as part of the Families First Coronavirus Response Act (FFCRA) and later revised in the Coronavirus Aid, Relief and Economic Security Act (CARES Act). The regulations are temporary and will run through December 31, 2020.The FFCRA and CARES Act were quickly passed to offer new paid leave options for employers with fewer than 500 employees. These options include emergency paid sick leave and emergency FMLA. The new DOL regulations offer clarifications to help SMB leaders manage these new options. Below are five things you need to know to stay compliant.Download Emergency Paid Sick Leave Form Which Businesses...

CMS Waives Quality Reporting Requirements Due to COVID-19

CMS Waives Quality Reporting Requirements Due to COVID-19

Many government officials are worried the Coronavirus outbreak will overburden the U.S. healthcare system. In a drastic effort to help healthcare providers focus on patient care rather than paperwork, the Center for Medicare & Medicaid Services (CMS) will waive multiple key quality reporting requirements. What Does CMS Waiving Reports Mean for Healthcare Providers? Q4 Reporting Deadlines Are Now Optional The deadlines for 2019 data submission for the Medicare Shared Savings Program, the Quality Payment Program, and affiliated merit-based incentive program (MIPS) will be extended from March 31 to April 30, 2020. MIPS eligible clinicians who miss the April 30 deadline will qualify for the automatic and uncontrollable circumstances...

Overtime Rules For Employees Who Work From Home

Overtime Rules For Employees Who Work From Home

Working from home is the new reality for millions of employees across America, and it might be a while till the entire workforce will be able to get back to the office. More than a third of workers who used to commute are now working from home, according a recent survey.Among the many new challenges SMB leaders face is keeping track of the hours their employees work at home and understanding what mandatory WFH policies mean for calculating overtime.Read 5 Ways to Make Remote Work Successful. Exempt Employees If you only have exempt employees, relax—the rules for exempt employees are unchanged. As a reminder, that requires: For most exempt categories, a minimum salary of $684 per week or $35,568 annually Highly compensated employees must...

Employee Experience

Testing Employees for COVID-19

Testing Employees for COVID-19

As businesses re-open, preventing an outbreak in the workplace is everybody’s top priority. Employers will want to do everything possible to ensure everyone’s safety and one positive step is to mandate workplace testing for COVID-19. But how will this work in practice? Is It Legal to Test Employees? The good news is, making testing mandatory is legal. In normal times, employers are restricted in how they interact regarding an employee’s health but as the pandemic poses a “direct threat” to workplace safety, different rules apply. The Equal Employment Opportunity Commission have issued guidance clarifying that it is acceptable to require a negative test as a condition of entering the workplace, provided testing is carried out in a proper...

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...

Webinar: COVID-19 Update: Insights from a Public Health Official

Webinar: COVID-19 Update: Insights from a Public Health Official

Misinformation, rumors and the rapidly changing nature of the outbreak are causing serious panic among the American people. That’s why Paycor invited a public health official to host a webinar and deliver the facts. Join us as we break down: • Why some healthcare professionals say we’re overreacting, and others say we’re not doing enough. • Whether or not the spread of COVID-19 will stop as we move into the summer months. • What the current state of affairs will look like for the next few months. Speaker: Christa Hyson Christa is the Senior Manager of External Relations and Public Information Officer for Health Collaborative in Cincinnati, Ohio.

Labor Costs

9 Ways to Manage Costs and Prepare for Future Growth

9 Ways to Manage Costs and Prepare for Future Growth

In this guide, Paycor outlines nine ways to cut costs, with an eye toward a return to health and profitability in the future. Some of these approaches you’ll have already implemented, others might not work for your business. Rather, the list is meant as a framework for a conversation between CFOs and HR leaders, both of who will come to these decisions with a unique and valuable perspective.

How to Apply for a Coronavirus Small Business Loan

How to Apply for a Coronavirus Small Business Loan

(This article covers Economic Injury Disaster Loans (EIDLs). Read our explainer on Paycheck Protection Program (PPP) loans.)UPDATE MAY 8: The S.B.A. reduced the maximum loan amount from $2 million to $150,000 and will now only accept EIDL applications from agricultural businesses. If you’ve applied previously, prior to April 15 —when the application portal closed—you’ll be reviewed on a first-come, first-served basis.UPDATE APRIL 29: Funding for this program has been exhausted and the S.B.A. is no longer accepting new applications. Applications that have already been submitted are being processed on a first-come, first-served basis.As we all do the best we can to protect our communities from the coronavirus (COVID-19) pandemic, daily...

Coronavirus Aid Relief & Economic Security Act: What SMBs Need to Know

Coronavirus Aid Relief & Economic Security Act: What SMBs Need to Know

On March 27th, the Coronavirus Aid Relief and Economic Security Act (CARES Act) was enacted to provide financial relief to those impacted economically as a result of the Coronavirus pandemic.Paycor is waiting for additional guidance from the IRS and the Department of Labor to determine how we can best support our clients. We will communicate more information once guidance becomes available.The CARES Act keeps in place the credits established in the Families First Coronavirus Response Act, enacted March 18, 2020. View an infographic with the details here. Below is a list of additional details released as part of the CARES Act. Advance Payment of Payroll Credit Under the CARES Act, employers could get the payroll tax credit in advance. The...

Recruiting

How to Hire From an Increased Talent Pool

How to Hire From an Increased Talent Pool

After years of a tight labor market, organizations are now facing a radically changed recruitment landscape. Unemployment is reaching levels unseen since the Great Depression, and the economy lost 20.5 million jobs in April alone. For most companies, just surviving is the goal.But even if the focus is on cutting costs now, it’s still important to think about the future and to keep an eye on building the right team. When you do get back to hiring, you’ll find that a lot has changed. Could This Be the Perfect Time to Hire? Most everyone right now is focused on their 60/90/190 day cash flow. But for those with the capacity to hire, this a unique moment, with a massive influx of top talent suddenly available. After years of skills shortages,...

Recruiting

Creating an Employee Rehiring Policy

Creating an Employee Rehiring Policy

Rehiring Former Employees When a company is hiring, there are many options at their disposal for finding new, qualified talent to fill open positions.Aside from traditional recruitment campaigns, many companies find it advantageous to pursue candidates who might have previously worked for the company as well. This is where having a formal policy for rehiring former employees comes in handy. What is a Rehiring Policy? A rehiring policy involves bringing a former employee back onboard to work for the company. There are many situations where this would make sense: Voluntary resignation Rehire after layoff Expired contracts Termination based on other factors besides performance or unethical behavior However, if the employee was let go...

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...