People Management

Human Capital Management (HCM) Technology 101

What does Human Capital Management (HCM) Technology Offer? As a human resource professional, where do you spend most of your time? Working with colleagues to solve big business problems? Implementing employee development programs aimed to increase retention? Or is your day mired in the day-to-day of collecting paperwork, hand-coding the data into a spreadsheet and trying to keep up with endless files? If you’re like most HR professionals, the answer is the latter. To help combat this administrative nightmare and allow HR to focus on bigger-picture initiatives, organizations are investing in Human Capital Management (HCM) technology. What’s HCM, you ask? Think of HCM technology as a one-stop-cloud-based-shop designed to consolidate and...

Employee Turnover is at a 17-Year High Infographic

Based on surveys of small-to-mid-sized businesses, Paycor found that nearly 50% still try to manually track turnover. The other half use software, but 80% of them say the data doesn’t help them understand, much less solve, the turnover problem. Check out our one-pager to learn what you can do.

Why Employee Turnover is the Single Most Revealing HR Metric

Turnover Metrics Your C-suite Wants to Know Tracking employee turnover is critical in determining the effectiveness of your people management strategies, but it’s broad metric that only tells a piece of the story. You can unlock the power of your turnover data by gaining a deeper understanding of who’s leaving and when. This and other KPIs will enable you to optimize determine the effectiveness of your engagement and retention initiatives and drive action to improve performance. Critical Turnover Metrics to Measure Overall retention rate – Your overall retention rate can provide excellent insight about the health of your teams, departments, or the company as a whole. The overall retention rate percentage is calculated by dividing the...

’47 Brand Case Study

Learn how Paycor’s unified HR platform helped ’47 Brand overcome their toughest HR challenges. From recruiting top talent to tracking employee time and managing labor costs, managers can now focus on what really matters – running their business.

HSA Employer Contributions: What Organizations Need to Know

Contributing to employees’ Health Savings Accounts (HSA) is an added benefit that many employers are choosing to provide to their people. Due to certain regulations employers must follow, however, this perk can be challenging to manage, which is yet another reason it makes sense to find a partner who can offer true tax expertise, not just technology. What is an HSA? A Health Savings Account (HSA) is a tax savings benefit for employees that lets them elect to have a specific amount of their pre-tax salary deducted into the account. The funds that accrue in the plan can be used to pay for approved health care expenses, including vision and dental care, prescriptions and insurance deductibles. HSAs are commonly paired with a High Deductible...

Understanding FMLA Rules for Employers

The Family and Medical Leave Act of 1993, commonly known as FMLA, was signed into law by President Clinton on February 5, 1993, and it took effect on August 5 of that year. Congress passed the act, stating, “it is important for the development of children and the family unit that fathers and mothers be able to participate in early childrearing … [and] the lack of employment policies to accommodate working parents can force individuals to choose between job security and parenting”. It also emphasized that the act was intended to provide leave protection for individuals “in a manner that accommodates the legitimate interests of employers.” Federal FMLA provides eligible employees of a covered employer with unpaid leave for four specific...

Webinar: Managing Remote Employees - 1/24/19 @ 10am ET

Managing remote employees is more common than ever before. Learn best practices on how to effectively manage your remote employees. Thursday, January 24, 2019 10:00 a.m. ET

Questions to Ask Before Purchasing a New Payroll System

Selecting the best payroll system for your company is one of the most important business decisions you’ll make as a payroll professional. Your payroll system can make your team and employees feel as if there’s no easier system to use, or it can make them feel as if the company is trying to cost them time and cause stress. What type of support does the payroll provider offer? You’re looking for a true partner, not just a vendor, so it’s best to avoid generic, off-the-shelf “solutions.” You need a partner that can handle the level of complexity for your business and one who can grow as your company does. Ask them: What experience do you have working with companies the size of mine? What kind of ongoing support will I receive? Will I have a...

The Advantages of Investing in a Human Resources Solution

As an HR professional, your day-to-day responsibilities can include everything from recruiting candidates, to onboarding them when they become new employees, to ensuring that everyone gets paid, and in your “spare” time, keeping up with the mountain of compliance that relates to the previous activities. But, really, spending time on those tasks just scratches the surface of what you do every day. You also have to work to improve employee engagement and retention across the company. Unfortunately, those tedious administrative tasks can get in the way of your ability to focus on big picture strategies or connecting with employees in a more meaningful way. But there’s a light at the end of the tunnel (and, no, it’s not an oncoming train!)....

Turnover Guide

Download this turnover guide to learn: True causes of turnover Ways to reduce it How to solve the turnover problem with metrics and insights Start reducing turnover in your organization today, and download the guide.

Prepping for 2019 HR & Compliance Toolkit

Based on Paycor’s nearly 30 years of experience helping clients successfully navigate the complexities of year-end, we’ve created this toolkit complete with the expertise and resources you need to finish out the year strong and stay ahead of what’s required in 2019.

Paying Employees with Paycards? The Pros and Cons

With the rise and ease of direct deposit, paper paychecks have pretty much gone the way of the dinosaurs. But, did you know there’s another paperless option you can use to pay your employees? Paycards offer a distinct advantage to employees who are underbanked – those who have a bank account but rely largely on unconventional finance options such as check cashing services – or unbanked – those who don’t have a banking relationship at all. Their wages are simply loaded to a reusable, refillable card that can then be used at points of purchase or ATMs. Estimates from a 2017 Federal Deposit Insurance Corporation (FDIC) survey showed that 6.5% of households in the United States were unbanked, representing approximately 8.4 million...