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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.
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...
Case Study: Krauss Maffei
Paycor’s employee self-service features and user-friendly solutions help Krauss Maffei keep their employees engaged. “Prior to Paycor, open enrollment was a yearly nightmare. Now, employees can speak fluently to their benefits offerings and they’re more engaged with the open enrollment process than ever before. And with employee self-service, our HR staff can focus on more strategic initiatives like building benefits packages that recruit and retain talent.” - Randy Hemmerle, Director of HR Prior to Paycor Based in Florence, Kentucky, Krauss Maffei is among the world’s leading manufacturers of machinery for processing plastics and rubber—and they’ve been in business for more than 180 years. With their previous HR & payroll provider,...![[Infographic] How Benefits are Changing in the COVID Era](https://paycor.imgix.net/ample_admin/attachments/files/000/036/391/screen_xs/covid-benefits-changing.png?ixlib=rails-2.1.4)
[Infographic] How Benefits are Changing in the COVID Era
The impact of COVID has stretched far and wide, forcing HR and business leaders to evaluate their benefits and think beyond traditional offerings. With many workforces dispersed and working remotely, employees are struggling with loneliness, isolation and increased anxiety. As a result, employers are enhancing healthcare benefits like telemedicine, expanding wellness programs and adjusting paid time off to offer greater flexibility and support during these uncertain times.As you prep for open enrollment and beyond, check out our latest infographic that highlights emerging benefits that really matter to your people.
Benefits in a Pandemic: What HR Leaders Need to Know
Building a benefits program for a diverse workforce has always been a top priority for HR and Finance leaders, but with the current pandemic, it’s become both more important and complex. The impact of COVID hit far and wide, and with so much change and uncertainty at work and home, employees are struggling to cope with isolation, loneliness and added stress. They’re also looking for more flexibility to juggle new responsibilities like working from home and virtual learning. And to make matters worse, the added stress and anxiety is leading to burnout. In the end, employees 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 listen to their needs and...
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...![[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.
Paycor’s Partner 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 Partner 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.
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...
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.