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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

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.The May jobs report gave us the first signs that the economy is coming back to life, with companies bringing their employees back to work (though not necessarily together in a physical office space.) Although, regrettably, not all jobs will return, the signs are hopeful that more and more employees will soon be back at work.If you’re...

Why HR Technology Matters Now More than Ever

Why HR Technology Matters Now More than Ever

When a crisis hits, the right HR technology gives business leaders the data, tools and support they need to make important decisions quickly. In this report, Josh Bersin breaks down the four key benefits of HR technology and demonstrates through case studies how leaders can leverage it to solve problems and grow.

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

Remote Work Policy - Information Security Template

Remote Work Policy - Information Security Template

To make remote work successful, HR needs to think through risk mitigation policies, especially if it’s new to your organization. One of the biggest issues to consider is information security. It’s important that your remote workers know what to do in case of a security breach or data loss. Download Remote Work Information Security Policy Template Why Information Security is Important for a Virtual Workforce Protecting your company’s data (and the data of your clients) is hard enough when everyone’s working in the same office. It gets more difficult in a distributed, virtual environment. When an employee is offered the opportunity to work remotely, you may want them to sign an initial work from home agreement covering the general...

Paycor’s PPP Dashboard: Track Your Paycheck Protection Loan Spending

Paycor’s PPP Dashboard: Track Your Paycheck Protection Loan Spending

UPDATE June 05: On June 4, the Senate passed the Paycheck Protection Program Flexibility Act, extending the ‘Covered period’ and reducing the percentage of loans that must be spent on payroll.After a successful application for a PPP loan, the next step is to spend the money. But you need to watch out—loan forgiveness isn’t guaranteed. The PPP Flexibility Act allows payroll protection loans to be used within a 24-week period and at least 60% of funds must be spent on eligible payroll costs.To help customers track these qualified expenses, Paycor created a PPP dashboard. Requirements for PPP Loan Forgiveness When applying for loan forgiveness you can’t simply claim “payroll costs”. All costs all have to be accounted for and you need to be...

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 JULY 9: On July 6, the PPP resumed accepting applications. The updated deadline to apply for a loan is August 8, 2020.UPDATE JUNE 17: On June 15, the S.B.A. announced that is has resumed accepting applications for EIDL loans and EIDL loan advances from qualified small businesses and agricultural businesses.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...

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 Achieve Diversity in the Workplace

How to Achieve Diversity in the Workplace

Cultural Diversity Organizational Diversity Diversity in Recruiting Elevate Onboarding Defining Diversity and Why It Matters Having tough conversations about diversity and working towards a more inclusive environment is a part of any successful business. But what, exactly, is diversity? We define diversity as understanding, accepting, and valuing differences in races, ethnicities, genders, ages and more. Diversity can also include recognizing and respecting differences in education, skill sets, abilities and experiences. In order to address diversity in the workplace, you have to be intentional. You have to get comfortable with being uncomfortable and accept that achieving diversity isn’t easy. But it will be worth it in the long run—a...

How to Hire From an Increased Talent Pool

How to Hire From an Increased Talent Pool

After years of a tight labor market, SMBs are now facing a radically changed recruitment landscape. Unemployment peaked in late spring, reaching levels unseen since the Great Depression, and the economy lost 20.5 million jobs in April alone. Though employment is now rising again, for most companies just surviving is still 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...

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...