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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.
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...
Importance of Employee Financial Wellness Programs for Small Businesses
The majority of people seem to be relatively well-informed about personal wellness: physical activity, eating right, drinking the recommended amount of water every day. But many people are unfamiliar with the term “financial wellness.”Financial wellness refers to someone’s overall economic health as well as their lack of worry associated with money. Poor financial health is a known cause of personal and professional stress. Issues with finances can be a distraction at work. In addition to the monetary burden, the side effects of poor financial health often include: Absenteeism and presenteeism Depression Anxiety Stress-related illness Reduced productivity Marital conflict As life goes on it gets more complex, especially regarding...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....
Case Study: Romantix
A disjointed HR and payroll process and the need for state-to-state oversight led Romantix to Paycor. “The whole HR Support Center and training hub is amazing. We definitely used the COVID support a ton. It’s nice because we have stores in multiple states it helps us keep track of everything we need to know. Regulations are ever-changing, and Paycor helps me keep up to date state-by-state.” - Adrienne Hernandez, HR Specialist Why Romantix left their payroll provider With 60 stores across 15 states, Romantix needed an HR and payroll provider that could handle different tax environments and state regulations. With their previous provider, the HR process was disjointed, lacked cohesive reporting and didn’t have any foreseeable fixes to the...
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...![[Infographic] Here’s How Businesses are Managing the New Reality of Work](https://paycor.imgix.net/ample_admin/attachments/files/000/035/651/screen_xs/business-managing-covid19.jpg?ixlib=rails-2.1.4)
[Infographic] Here’s How Businesses are Managing the New Reality of Work
Paycor surveyed nearly 600 leaders of small and medium-sized businesses about their plans for 2020. In this infographic, the HR and CFO leaders we surveyed describe the impact COVID-19 had on their business, including whether or not they received government funding.Share this Infographic On Your SitePlease include attribution to Paycor with this graphic.![[Infographic] How Long-term care Providers are Managing the New Reality of Work](https://paycor.imgix.net/ample_admin/attachments/files/000/035/631/screen_xs/long-term-care-survey.jpg?ixlib=rails-2.1.4)
[Infographic] How Long-term care Providers are Managing the New Reality of Work
Paycor asked long-term care leaders about their plans for 2020. In this infographic, you’ll see how they had to adjust their workforce in response to COVID-19 and how many plan on hiring new employees in 2020.Share this Infographic On Your SitePlease include attribution to Paycor with this graphic.
Webinar: Benefits in a Pandemic: What HR Leaders Need to Know - 10/22 @2PM ET
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. Register for this webinar to learn new insights on the benefits...
Paycor’s Broker Care
We know that your clients expect a lot from you as their trusted advisor. But who do you depend on?For 30 years, Paycor has been listening to and partnering with the leaders of medium & small business, so we know what they need: HR technology that saves time, powerful analytics that provide actionable insights and dedicated support from HR experts. Partnering with Paycor helps you stand out from the crowd with access to personalized support, resources and services that align with your business development strategy.One of the ways we help you serve your clients better is through Broker Care. Our dedicated support specialists are here to help you take your client relationships to the next level.
How Businesses are Managing the New Reality of Work: A Paycor Survey
COVID-19 changed the way nearly everyone works and left a lot of unknowns about how to budget and make plans to move forward. To understand exactly how coronavirus impacted medium and small-sized businesses and their workforces, Paycor surveyed nearly 600 HR and finance leaders.Did they need government funds? How many workers did they furlough or layoff? Are employees working from home now? How’s team morale? And perhaps more importantly, what are their plans for the future?This guide offer a pretty good idea of how business leaders are feeling, what keeps them up at night, and what approaches they’re taking to solve problems.
Short-Term Disability Benefit Laws by State
What Is Short Term Disability Benefit? When unable to work due to an unexpected illness or injury, employees rely on insurance to cover at least part of their usual salaries. If this injury or illness is job-related, they can claim Workers’ Compensation. However, non-job-related absences require Short-Term Disability (STD) insurance or Temporary Disability Insurance (TDI) plans. Many companies offer short term disability insurance as part of their benefits packages, but several states (and Puerto Rico) have legislation making it mandatory. Though these laws vary as to how the insurance is funded and which employees are covered, in all cases it is only possible to receive the benefit after a 7-day waiting or eligibility period during...
Case Study: Midwest Health Services
Paycor’s dedication to product innovation, ease of use and a streamlined HR, Payroll and Benefits experience impressed Midwest Health Services. “The benefits module that you have is amazing. I love how it flows through the carrier connect to payroll. I can send out my open enrollment and it’s one and done. I would not be able to do my job if I didn’t have a system that took care of everything and tracked everything for me. It’s so much easier and saves me so much time.” - Dona Mitchell, Payroll Coordinator Prior to Paycor Based in Massillon, Ohio, Midwest Health Services works with developmentally delayed individuals, helping them to live independently by securing jobs, homes and obtaining nursing or physical therapy if necessary. With...
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.