Resource Center
The business world moves fast. Here, you’ll find the expert advice you need to stay ahead of the curve.
Featured
HR
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....HR
The HR Playbook: Reduce Turnover with Employee Benefits
You know benefits are important to employees, but you might be surprised how big of an impact they actually have on employee turnover. After analyzing data from more than 30,000 medium and small businesses nationwide, Paycor discovered that as organizations add benefit plans, there is a significant decrease in turnover. In fact, organizations that offered the right mix of benefits saw turnover decrease 138%. The key is finding that right mix of benefits. Different generations want different things, and designing a benefits plan that fits a multigenerational workforce isn’t easy, but worth it in the long run in order to retain and attract talent. And that’s just the beginning. There are several factors to consider when designing...
SaaS Payroll: 6 Tips to Find the Perfect Solution
Software as a Service (SaaS) is the term used for software that’s delivered and used totally online or in the cloud. As more businesses turn to online solutions to manage their workflows, do accounting, etc., it should be no surprise to see that payroll processing is no exception. From tax-filing and employee self-service to data security and compliance management, SaaS payroll automates routine tasks and ensures accuracy, so business leaders can focus on what really matters, improving the bottom line. If you’re in the market for an online payroll system, you’ll need a sharp eye to find the perfect match for your organization. Keep in mind, not all payroll software is created equal. Whether you want to go with a bare-bones solution or...
Take Compliance Quiz
How effectively is your organization managing compliance risk? Find out and get a customized plan.
Take QuizBenefits
HR
The HR Playbook: Reduce Turnover with Employee Benefits
You know benefits are important to employees, but you might be surprised how big of an impact they actually have on employee turnover. After analyzing data from more than 30,000 medium and small businesses nationwide, Paycor discovered that as organizations add benefit plans, there is a significant decrease in turnover. In fact, organizations that offered the right mix of benefits saw turnover decrease 138%. The key is finding that right mix of benefits. Different generations want different things, and designing a benefits plan that fits a multigenerational workforce isn’t easy, but worth it in the long run in order to retain and attract talent. And that’s just the beginning. There are several factors to consider when designing...
The Pros and Cons of Flexible Work Arrangements
Back in the day, the primary determining factor for a candidate choosing your company over your competitors’ was salary. Nowadays, the tide is turning toward the employee benefits your company offers; specifically, flexible work arrangements. In fact, FlexJobs 2018 Annual Survey found that the top three factors today’s candidates look for in a job are: Work-life Balance Salary Flexible Work Options Companies that offer flexible work arrangements reap big rewards, from access to top talent to increased retention rates. Enabling employees to work from home on a regular basis can also boost overhead cost savings when you’re not required to maintain office space for everyone. You’ll likely see improved attendance and productivity, as well as...
Open Enrollment Benefits Assessment
Design the perfect open enrollment in 4 clicks. Take our interactive assessment, below, to see where you stand! (content will load shortly) Content loading... Please enable javascript!People Management
Webinar: BUILD Web Summit - Build a Remote Workplace
Remote employees are more common than ever before. Employing a remote workforce can retain top talent, reduce expenses, and boost engagement for your organization. Learn best practices for creating HR policies, training and engaging your remote employees, and supporting leaders. We will explore new trends of today’s remote workforce. Speaker: Sarah Laboranti Sarah Laboranti is a motivated HR professional with over nineteen years of experience. She is passionate about bringing new ideas to the workforce and leveraging HR’s important role in the organization. She has an upbeat attitude toward the role of Human Resources, in which HR is empowered to “do the right thing” for employees, leaders, the business, and the community.
How and Why to Create an Employee Grievance Policy
Regardless of size or industry, every company will eventually have its share of disputes and disagreements among its employees. These conflicts tend to lead to problems for your business – from unmotivated workers all the way to negative publicity or even employee lawsuits. The Role of Human Resources HR should work closely with management to ensure a formal grievance procedure and policy is in place. Having a formal process gives your employees a practical, efficient way to express their concerns. This enables you to get in front of any problems quickly, so they don’t turn into a bigger issue for your company. Keep in mind, when you address grievances, employees feel respected which is important for engaging and retaining your...
2019 Report: People Management, Perception vs. Reality
Paycor surveyed more than 700 CEOs, CFOs and HR leaders about employee engagement, turnover and compliance practices. Download our latest report to see what they said. What you’ll learn: C-Suite Perceptions Metrics that human resources can leverage to impact the bottom line. Most organizations don’t believe they effectively engage their employees. Turnover Most organizations don’t know how much it costs to hire a new employee. (And the true cost is more than they think.) What causes turnover? It depends on if you ask upper management or the employees who are actually leaving. Only 50% of organizations surveyed track turnover metrics. Compliance One-third of organizations don’t know how frequently they audit their compliance practices....Compliance
Webinar: EEO Reporting Review
Are you ready for the September 30, 2019, EEOC filing deadline? Don’t worry, Paycor has you covered. Join our team of experts as we review the new EEOC requirements, walk you through Paycor’s Revised EEO-1 report and provide a readiness plan for meeting the filing deadline.
SaaS Payroll: 6 Tips to Find the Perfect Solution
Software as a Service (SaaS) is the term used for software that’s delivered and used totally online or in the cloud. As more businesses turn to online solutions to manage their workflows, do accounting, etc., it should be no surprise to see that payroll processing is no exception. From tax-filing and employee self-service to data security and compliance management, SaaS payroll automates routine tasks and ensures accuracy, so business leaders can focus on what really matters, improving the bottom line. If you’re in the market for an online payroll system, you’ll need a sharp eye to find the perfect match for your organization. Keep in mind, not all payroll software is created equal. Whether you want to go with a bare-bones solution or...
The Case for Employee Background Checks (That Includes You, Small Businesses)
Hiring can be tough in this job market, and you may feel the pressure to move fast—whether to win a candidate before someone else does, because you desperately need the role filled, or simply because you need to get back to running your business. It can be tempting to trust your gut and skip a more thorough hiring process. But each employee represents a piece of your growing brand, and the results could affect the company for the long run. It’s worth doing things right. Looking Ahead: The Risk of Skimping Zappos CEO Tony Hsieh told Business Insider that as he reflected on the company, the biggest category of mistakes was in hiring: “If you add up the cost of our bad hires, and the bad decisions they made—and then, they in turn hire more...Employee Experience
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...
Strategies to retain your top performers
As unemployment rates have reached historic lows, it’s never been more difficult to find qualified candidates to hire. And as the labor market tightens and jobs go unfilled, productivity can be impacted. But before you jump at the next resume, beware. Making a bad hire can be even more detrimental to your business as the costs to replace an employee and train them quickly add up. Employee Benefit News reports that employers spend 33% of a worker’s annual salary to hire a new replacement. That’s why every business should be laser-focused on developing and retaining their rock stars. If your company is looking to boost retention, here are some tips to help keep your workforce intact. Create a great first impression Just because you’ve...
Webinar: BUILD Web Summit - Build a Burnout Resistant Culture
“The U.S. ranks 30th out of 38 countries in work-life balance which is the bottom 20%. Over 11% of employees in America work more than 50 hours per week.” Join us as we discuss ways to attack burnout from a work efficiency perspective in order to build a burnout resistant culture. Employers need to encourage and reward work efficiency in conjunction with work-life balance, instead of long, unproductive hours. Speaker: Eugene Partridge Eugene Partridge, III is the Director of Procurement for Paycor, Inc., as well as a speaker, author and music producer. He uses his influence to invoke change and his voice to deliver life changing messages of inspiration. He was honored to be a TEDx speaker in May 2019. He has spoken for Cincinnati USA...Labor Costs
The Turnover Crisis in Restaurants
An Action Plan for Owners and Operators Restaurants across the country are experiencing high volumes of turnover at an alarming rate. In 2016, turnover exceeded 70% for the second consecutive year, and the turnover rate in the fast-food industry reached 150%, the highest since data was first captured in 1995*. With record numbers of restaurants and more jobs to choose from, employees are willing to take risks to find the right fit. The demand for restaurant workers isn’t going away, so it’s critical to find the right HCM provider who can help solve your HR challenges with the right combination of technology and expertise. More than 3,000 restaurants across the country depend on Paycor to help onboard new hires, pay them accurately and...
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...
Automated Payroll, Onboarding and Timekeeping Helped Royal Chemical
Discover how Royal Chemical, a contract manufacturer, used Paycor solutions and customer service to eliminate manual onboarding, timekeeping and payroll. Paycor also provided real-time analytics and custom reporting, simplifying a once complex process for HR.Recruiting
Text Recruiting: Connect Quickly with Candidates
With low unemployment rates and job openings on the rise, recruiters and HR professionals need all the help they can get to win the race for top talent. Text recruiting is one tool that many are using because it immediately (and literally) puts job postings in the palm of candidates’ hands. There’s no denying that the way we communicate has changed. People rarely answer their phones anymore and you’re lucky if you get a reply to an email. But texting is another thing… it’s hard not to look when your cell starts to chirp or vibrate. In fact, a recent Deloitte survey found the average U.S. consumer checks their phone 52 times a day! Which makes integrated candidate texting a must have for any HR pro using an applicant tracking system...