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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 (with Limited Time, Budget and Resources)

How to Build the Ideal HR Team (with Limited Time, Budget and Resources)

Wherever you are on the path to building an HR team, it’s necessary to have a destination in mind. A framework for how you’ll structure and organize your team and what you’ll focus on. You may not be able to achieve the ideal team overnight, or ever, but every team needs a north start to guide them.Based on 30 years of working with HR and business leaders, along with lots of interviews and research, we’ve developed this guide that highlights what it takes to build a high-functioning HR team.Download our guide to learn how you can build the ideal HR team with limited time, budget and resources.

Benefits

For our HR & Benefits Technology Partners: The State of American Business in 2021

For our HR & Benefits Technology Partners: The State of American Business in 2021

Paycor surveyed 2,600 leaders of medium and small businesses (your clients and prospects) to find out what they are thinking at the close of the year and how they’re planning for 2021. Paycor delivers these insights to our broker partners to help you better understand what your clients need from you at this critical moment. Here’s an executive summary of the report. For more, click on the download button at the bottom of the page. Part 1: Benefits A majority of your clients and prospects (86%) are concerned about mental health in the workplace, but nearly half (45%) are “not sure” how benefits can address these concerns. Part 2: The Finance/HR Relationship Roughly 40% of respondents agreed that HR and Finance are working more closely...

How to Use Employee Assistance Programs (EAPs)

How to Use Employee Assistance Programs (EAPs)

We talk about “work/life” balance, but in practice, there’s often not much of a line between the two. A problem in life can easily become a problem at work (or vice versa). That’s why so many companies now offer Employee Assistance Programs (EAPs), which give workers access to help, broadly defined: mental health help, financial planning help, you name it. There are also EAPs that offer assistance with childcare and elder care. Here’s everything you need to know about EAPs. What Is an Employee Assistance Program? EAPs are essentially a benefit, offering various kinds of free, confidential help for whatever kind of problem an employee may be experiencing. This often comes in the form of a phone helpline, assessments and counselling....

PTO Donations Program: Donor Form Template

PTO Donations Program: Donor Form Template

In times of crisis, businesses—and their employees—naturally find themselves searching for ways to help. One easy way to provide support to those who need it is a PTO (Paid Time Off) Donation Program. Employees can donate the value of the time off they have accrued but not yet used. Depending on how your program is set up, the recipient could be a specific employee, a company-wide pool or an external charity. Download PTO Donor Form Template What is a PTO Donation Program? It’s easy to see why an increasing number of companies are turning to PTO Donation programs. It’s not just that the public health and economic situation have caused suffering throughout the country. What adds to the unique circumstance is that due to the pandemic many...

People Management

How HR Can Promote Mental Health at Work: Actionable Advice to Help Your People Thrive

How HR Can Promote Mental Health at Work: Actionable Advice to Help Your People Thrive

There’s a mental health crisis in America and HR leaders are on the frontlines. Mental health in the workplace has always been a top concern among many, but now we’re reaching an inflection point. One in five American adults will have a diagnosable mental health condition in any given year (CDC) and 67% of US workers say they’re burned out (Gallup). And of course, pandemic-related stressors like school closures aren’t helping any.HR leaders are on the frontlines, but mental health can still be taboo—or at least something that’s only talked about reluctantly. What can HR do to help?Download our guide to learn: How HR can embrace empathetic leadership Ways to help employees fight burnout and stress Tips to create an open and stigma-free...

 [Infographic] The State of American Business: 2021

[Infographic] The State of American Business: 2021

Paycor surveyed nearly 2,600 HR and Finance leaders to learn how they’re preparing for 2021. We made this infographic to highlight some of the key takeaways. Check it out and then download the full report—The State of American Business: 2021—for even more insights.

5 Manufacturing Industry Trends in 2021

5 Manufacturing Industry Trends in 2021

Classic ‘80s sci-fi movies like, Blade Runner and Back to the Future II predicted what the world would be like in the early 21st century, replete with flying cars and sentient androids. But even though these things are still not a reality, there are many other technological breakthroughs making a big impact on the manufacturing industry. It is also clear that the ripple effect of the COVID pandemic will continue on well into the new year. With these things in mind, let’s look at five emerging trends in the manufacturing sector for 2021. The next Industrial Revolution One of the manufacturing trends to plan for next year is the next Industrial Revolution. It’s being ushered in through the combined effects of cutting-edge technologies like...

Compliance

How Long to Keep Payroll Records

How Long to Keep Payroll Records

Running a business, you know that compliance isn’t just about being compliant—you also need to prove it. You never know when the IRS, the DOL or the EEOC will demand to see your paperwork, which is why it’s so important to retain payroll records. To make things more complicated, each agency has its own rules for which documents you have to keep and for how long. The good news is, you don’t have to buy more filing cabinets. HR software can automatically store everything you need, with the added benefit of simplifying the whole payroll process. Why You Need to Retain Payroll Records At a federal level, you’re keeping payroll records primarily for three agencies: The IRS The Department of Labor (Wage and Hour Division) The EEOC These...

Terminating Employee Checklist

Terminating Employee Checklist

Letting an employee go is never easy—but when it happens, no matter the root cause, companies have to act with professionalism and follow correct procedure. It’s the right thing to do, but it’s also essential for compliance. To help you make sure everything is done by the book, Paycor is providing a checklist of the right actions to take. Download Termination Checklist How to Conduct an Involuntary Termination An involuntary termination can never be taken lightly, and before making the decision official you’ll want to confirm with your legal team or advisors that you’re following the right process. If the termination is the result of poor performance or disciplinary issues, the employee may well have been issued warnings of increasing...

PTO Payout Laws By State

PTO Payout Laws By State

Most companies have formal paid time off policies. Regardless of whether you call it vacation time, sick time, furlough, PTO, PDO or some combination of the above, you should pay attention to states’ laws. This is a hot topic, with so many employees delaying using their accrued time off over the course of the pandemic. Considering the unusual circumstances, many companies have rewritten their PTO policies to allow unused days to rollover into 2021. Does your state require employers to payout PTO? Surrendering your terminated employees’ accrued and unused vacation time isn’t subject to federal law, but it’s important to pay attention to states’ laws since regulation is under their purview. If your company has locations in multiple states,...

Employee Experience

Does Your Workforce Need Implicit Bias Training?

Does Your Workforce Need Implicit Bias Training?

Promoting diversity and inclusion is a win/win. Studies show that diverse workplaces generate 1.4x as much revenue and are 120% more capable of hitting financial targets than less diverse ones. How is that possible? Well, for one, we know that a diverse team will bring diverse perspectives; you’re simply going to generate a broader array of ideas and possible solutions to business challenges when you’re hearing from more than just one type of person (e.g., a team of engineers who all went to the same school, learned from the same professors and graduated in the same class will most likely all come up with the same kinds of ideas). We’re all motivated to recruit and hire more diverse teams (and we have some compliance issues to consider...

The Benefits of Employee Resource Groups (ERGs)

The Benefits of Employee Resource Groups (ERGs)

Careers aren’t just about work—fulfilling jobs should also offer employees personal as well as professional development, a support network and a sense of belonging. That’s why Employee Resource Groups (ERGs), also known as affinity groups, have an important part to play in many organizations. What are Employee Resource Groups? An Employee Resource Group (ERG) is a network within a company where employees meet up (in person or remotely) based on shared characteristics, experiences or goals. The groups offer a chance to network and socialize, work on professional development, and to raise awareness of relevant issues. Typical ERGs include networks for women, people of color, LGBTQI+, veterans, those with disabilities and young...

Employee COVID Testing Policy (Template)

Employee COVID Testing Policy (Template)

If COVID-19 cases and hospitalizations are surging in your state, you’re no doubt doing everything you can to keep your doors open and your employees safe. Testing has as big part to play, but legal (and logistical) questions often stand in the way. Here’s everything you need to know about mandating workplace testing and temperature checks. Download Employee COVID Testing Policy Template Can an Employer Require a COVID Test? 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...

Labor Costs

How to Process Payroll

How to Process Payroll

The best way to process payroll is to not process payroll. Your HR & Payroll provider should do that for you. The truth is payroll is too time intensive and complicated (especially if your business has locations in more than one state). Payroll compliance can get tricky too if you don’t have an expert keeping track of every new rule and regulation.The good news is, payroll software can help businesses automate much of the process, prevent compliance headaches and ensure you don’t pay employees incorrectly.Whether you are struggling to do it all yourself or have a payroll provide like Paycor take care of most of the work for you, it’s good to know all the steps that go into process payroll. Let’s walk through them.(If you are ever...

How Manufacturers Can Both Reduce Labor Costs and Add Value for Employees

How Manufacturers Can Both Reduce Labor Costs and Add Value for Employees

Your workforce is one of your largest expenses. It’s also your greatest risk. To be competitive, manufacturers need to be agile, responsive, and understand how to maximize their talent. Cutting-edge manufacturers are adding value to their employees by providing a workplace where they can grow and develop. They’re also wisely allocating labor costs to the projects and shifts that will maximize efficiency.Labor costs are the largest item on your balance sheet, so an effective cost-reduction plan should balance resources and cost control. While a reduction in force is typically the go-to action when discussing cost-cutting, it’s often not the best way. Replacing employees can be very costly, and lost institutional knowledge can take years...

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.

Recruiting

Job Description Template [Downloadable]

Job Description Template [Downloadable]

Writing the perfect job description is a skill—you need to capture what a job’s all about and what it takes to do it well, in just a few paragraphs. It’s important, too. Great job descriptions attract higher quality candidates, but they also help them (and others in your organization) understand a role. Download Job Description Template Why Job Descriptions Matter Spending time creating (and updating) job descriptions is just good practice. Your first step when creating a job description is to ensure you don’t look unprofessional in the eyes of the potential applicant—spelling or grammar errors are a tell-tale sign that a company isn’t all that it seems. However, getting the basics right is just the bare minimum. If you can infuse...

Manager Interview Questions for Evaluating Talent [Downloadable]

Manager Interview Questions for Evaluating Talent [Downloadable]

Choosing the right candidate for a managerial role is one of the most important decisions businesses ever have to make. Managers are responsible for 70% of variance in employee engagement—and that means without great managers you’ll always struggle to maintain productive, satisfied teams who stick around long term.The challenge is, it’s not always obvious who will make a good manager. We can all recognize examples of top talent who thrive at their own tasks but might not (yet) have the skills to manage and develop those they supervise. Identifying those who can (or can’t) might seem impossible—but the right interview questions can make a big difference.Download Sample Interview Questions for ManagersIdentifying the Managerial Skillset...

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...