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Benefits
84% of employees who are happy with their benefits report high job satisfaction. Learn how to unlock the true power of benefits.
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)
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
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...
Tuition Reimbursement Program Options for Small Businesses
An employee tuition reimbursement or assistance program isn’t just “nice to have”, it’s one of the building blocks of a successful benefits strategy, helping you attract, retain and develop top talent. More than half of employers operate some kind of tuition assistance program, according to a recent SHRM survey. Don’t think this only applies to big businesses—there are options for those operating on smaller budgets too. How do Tuition Reimbursement Programs Work? When funding employee education programs, employers have too options. First, tuition assistance: providing funds up-front and without conditions. Alternatively, businesses can offer tuition reimbursement, i.e., only releasing funds when recipients hit certain goals, like...
Webinar: Virtual Demo: Benefits Administration Solutions - 3/30 @2PM ET
Paycor’s human capital management software modernizes every aspect of people management, from the way you recruit, onboard and develop people, to the way you pay them, retain them and build a company culture. With a single source of truth for all employee data, you’ll never have to switch platforms, log-in to multiple systems, re-key information or open multiple spreadsheets. In this live virtual demo, our product experts will highlight Paycor’s Benefits Administration Solutions, focusing on our Benefits Advisor solution. Discover how HR Leaders can easily manage the complex world of benefits, remove tedious admin work, empower employees and contain costs and access powerful analytics that track your benefits spend. Speakers: Kim Saldana...
Webinar: Customer Exclusive: Paycor Learning Management Demo
This session is only for current Paycor CustomersLearning Management Systems (LMS) allow employers to deliver personalized training to their workforce. Before the pandemic, “learning” was a good idea as a general principle, but now, training has taken on a whole new dimension.Watch a customer-exclusive virtual tour of Paycor Learning Management and learn why it’s time to invest in learning technology to engage your employees.Speakers: Kim Saldana and Chris Davis Kim Saldana is a Senior Product Marketing Manager which makes her responsible for Paycor’s Learning solutions and is responsible for driving the go-to-market strategy for learning to Paycor’s customer base. Chris Davis is a Senior Client Sales Executive and is responsible for...
Democratizing Security, Confidence and Peace of Mind
By Don Garlitz, SVP Partnerships, bswift, A CVS Health CompanyWe live in uncertain times. Workers are troubled about health risks, economic challenges and social and political turmoil. Any one of these concerns alone could seem overwhelming at times, but the confluence of these worries is presenting the American workforce with a new level of stress. Along with this crisis, however, employers also have the opportunity to improve the lives of their employees.Undoubtedly, some employee concerns can be eased at the workplace, and employers that figure out how to address these issues will be better set up for success. Here are four issues employers can address to ease the minds of employees: Safety first. Minimizing the risk of contracting...
Four inclusionary practices that can empower traditionally underrepresented investors to save more for retirement
Inclusion and equal treatment are top of mind for many Americans, as a quick scan of recent headlines will corroborate. Employers and financial services providers are in a position to help underrepresented communities stand on equal ground when it comes to one particularly consequential activity: saving for retirement. Empower Retirement conducted a survey in conjunction with the Harris Poll of 2,014 U.S. citizens in an effort to better understand the mindsets of traditionally underrepresented groups and the impact these mindsets have on retirement saving. For the purposes of this article, traditionally underrepresented groups include Black, Hispanic, Asian, First-generation American, Second-generation American, multicultural household,...
Webinar: Benefits Trends in 2021: Navigating the Impact of COVID
With the ongoing health and economic impacts of Covid-19 in our country, businesses have been required to pivot in how they operate in both safety in the workplace, employee relations and cost containment. This webinar is designed to help with practical steps that businesses can take to enhance employee safety, morale and compliance as they continue to operate in uncertain times. Highlights to be covered: 1. Employee Relations and Retention Strategies in a COVID-19 World 2. Ideas for ensuring employee morale and company culture doesn’t suffer and impact your operations 3. Highlights of benefits cost savings and new marketplace offerings 4. How technology has become key to employee engagement and benefits satisfaction. Speakers: Heather...
Webinar: Benefits in a Pandemic: What HR Leaders Need to Know
Building a benefits program for a diverse workforce has always been a top priority, but now it’s become both more important and complex. With so much change and uncertainty at work and home, employees are struggling to cope with isolation, loneliness and added stress. They may wonder if their employer is doing enough to help. This is an opportunity to come through for your people. It’s an opportunity to reevaluate your benefits offerings to make sure they deliver real value. With the right guidance and planning, your benefits program can be an unbeatable competitive advantage that drives retention and helps your company live up to its ideals and stand out from the crowd. Watch this webinar to learn new insights on the benefits that...
The State of American Business: 2021
Paycor surveyed more than 2,000 HR and Finance leaders about their plans for the new year. Download our newest report to find out what they said. Here are just a few insights you’ll discover: The one thing HR and Finance don’t agree on The one thing Finance leaders say they do better than HR leaders The #1 thing all business leaders are most concerned about heading into 2021 You’ll also get a lot more on what your peers are thinking about remote work, benefits and compliance.
How Benefits Management Software Helps Businesses
It might not be obvious, but employee benefits actually play a major role in recruiting, retention and employee engagement. Paycor analyzed data from 30,000 of our customers and found that the right mix of benefits can improve their turnover rate by 138%. SHRM finds similar good news: benefits can increase overall businesses performance by 24%. However, it’s not easy to manage and administer a competitive benefits program at scale—especially when a public health crisis and remote work revolution are challenging what employees want and need from benefits offerings. Getting it right takes time, money and expertise.The Importance of Benefits Management Software The right benefits administration partner can do the hard work for you. By...
Buyer's Guide To HCM And Payroll Technology
An HCM platform is the foundation of your business, and choosing the technology is one of the most important decisions you'll make.
Get ExpertiseOpen Enrollment and Benefits Administration
Simply defined, employee benefits are any form of non-cash compensation beyond a regular salary or wage that employers offer their workforce. There are some benefits that employers are required to provide by law, such as making payments on an employee’s behalf for unemployment, Medicare and Social Security. And there are other benefits that employees have come to expect, such as health insurance and paid time off. Organizations looking to lead the pack will often promote “benefits in kind” such as telecommuting, flexible schedules or wellness programs in order to differentiate themselves from the competition.
But anyone in HR can tell you, there’s nothing simple about benefits. From stressful open enrollment periods to endless employee questions, benefits administration is no joke. Finding the right HR partner who can streamline the process and help educate your employees on their benefits options is crucial. Paycor offers the technology and expertise you need to simplify open enrollment while analyzing the real-time data you need in order to maximize the value of your benefits program.